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 Replies: 19 / Views: 3,250 |
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Pillar of the Community
United States
1370 Posts |
So I haven't been buying much lately, but have been putting some cash back for some possible larger purchases. I've put back around $3k for this show, which is definitely sizable for me. If you have 2500 to 3000 what would you spend it on? I'm thinking about a couple holes in my type set....seated dollars or early copper. Or both...then again every time I put money back like this for big purchases they never seem to happen....
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Valued Member
United States
424 Posts |
If I had the money to spend I would go for quantity first and quality second. What I mean by this is I would buy as many high grade coins as possible, say in the $150 to $200 range rather than one to four coins for the entire $3,000. This is just the way I collect, others would go for that 1909-S VDB in MS-65 and call it good. To be more specific, being partial to Jefferson nickels, I would buy as many of the 1938 to 1942 proofs that I could find then pick up any of the major varieties that I'm missing and finally I would get that 1997-P matte proof I've had my eye on for a while. |
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Bedrock of the Community
United States
12057 Posts |
A Morgan. 1880/79 CC, Reverse of '78, DMPL. VAM 4. Failing that, a Chain Cent or Wreath Cent with good provenance. Perhaps a couple of very nice Liberty Cap or Draped Bust specimens of the rarer dates or varieties. Seated dollars are very scarce and I think very undervalued and likely to appreciate. Charlotte and Dahlonega gold coins are also great places to park some money. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Rest in Peace
United States
18456 Posts |
I Believe you should be asking us what we would buy if we had that kind of money at a show. Everyone of us collects differently. So that said ; I would buy Full Liberty V-Nickels , A couple of high grade circulated Early Wheats , and Some nice key Buffalos. If I should have any money left I'll save it for the next show.  |
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New Member
United States
9 Posts |
It depends on what kind of collector you are. I am a type collector that would prefers a few higher end coins than a bunch of cheaper coins. If I had 3k, I would look at a lower grade flowing hair or an 1893 s Morgan dollar. I like the idea of a chain cent, but for 3k you will probably have trouble finding something you like. |
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Pillar of the Community
United States
4337 Posts |
Quote:
I'm thinking about a couple holes in my type set....seated dollars or early copper. Or both It sounds like you know. I like what Oldephriam said. I think I would buy a single $1,000 coin and at a show, if I finagle and work it the right way and show the dealer hundred dollar bills, I bet there are a few price guide coins in the $1250 range you could pick up for a discount at $1,000. Beyond that one major purchase price, I would than proceed to buy 10 x $200 coins. Again, I would seek out $250 price range coins and offer the two bills cash. You might nab a few great deals. |
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Pillar of the Community
United States
4085 Posts |
If I could find them:
1913-S Lincoln MS63RB - in the $350 range
1915-S Lincoln MS63RB - in the $550-600 range
1924-D Lincoln MS63RB - in the $500-600 range
If I could pick up 64's for a really good price, maybe.
And maybe if I got really good deals I might sneak away with a 09-S VDB in similar grades as the above.
Now - back to reality - $3000 is about three years worth of coin budget for me. It was fun to dream though.
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Valued Member
United States
343 Posts |
I'd probably go for a bunch of CC coins. Halves, quarters, whatever. I'm not a huge fan of Morgans but eventually I'd like a nice CC collection.
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Valued Member
United States
56 Posts |
Yeah I'd have to pick up some CC Morgans. And a sovereign. For some reason I really want a gold sovereign.
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Valued Member
United States
245 Posts |
You could get a decent 89CC Morgan for 3k. I actually bought a 91CC GSA coin for about $2800 last year. There were only about four thousand 91s in the GSA hoard...it's a rare coin in that regard. You could also get a 79CC, it's a key in the Morgan series.
Edited by TMCD75
02/03/2016 9:49 pm
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Rest in Peace
United States
17900 Posts |
Leave your options open. You don't know what coins will be at the show or what their prices might be.
Going in with a shopping list narrows down your possibilities and you might miss coins not on your list that you would absolutely love.
Look for coins you drool over. If you buy coins that you consider BEAUTIFUL at a reasonable price, you will love those coins forever after.
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Bedrock of the Community
United States
20753 Posts |
For me it's simple. I would look for a 1926S Mercury dime with full bands. Only one I need to complete that set. |
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Pillar of the Community
United States
9792 Posts |
Quote:
Failing that, a Chain Cent or Wreath Cent with good provenance. I agree with that! I've told the story here before, At my first big coin show, I had just over $5,000 to spend, saved up from coin sales and mowing yards, to further increase my inventory as I was beginning to have tables at the little local shows. I went to the ANA annual convention, looking to buy, I passed on a VF Chain cent and a nice AU Gobrecht dollar, in favor of buying a lot of $50-100 coins, sure made my show cases look full at the local shows over the next few months, however of those coins purchased almost 30 years ago, they may have increased a measly 10-25% with many being worth even less today. That Chain cent or Pattern dollar, would bring big money. The Chain cent could probably have bought me a home today, it would be in the $75-125K range! The Gobrecht would be at least $50K now.  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
6370 Posts |
I would buy what I am interested in (filling and upgrading my type set, as well as ancient Chinese coins), so you should buy what you are interested in.
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Pillar of the Community
United States
7840 Posts |
I would work on filling those holes as well. Normally the higher end ones would be the ones I would concentrate on first, then the smaller ones.
Whatcha looking for? You may find someone here who has something to move.
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Pillar of the Community
 United States
4589 Posts |
A lot depends on what kind of merch will be at the show. "Local show" covers a lot of ground. If most of the offerings are moderns and silver bullion, you are overly resourced for the show.
Or it could be like some of the local shows here, where one dealer has a local rep and he brings the "low end stuff". Which, when you average coin sells for north of $50K runs from $200 to $2000...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Replies: 19 / Views: 3,250 |
Posted 02/03/2016 2:50 pm
