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 Replies: 15 / Views: 1,169 |
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Pillar of the Community
United States
1490 Posts |
I stopped by an antique mall hoping to score some coins. While I didn's score any coins I did come across an old "Coins" magazine from December 1967.
I thought I would share some values with the forum from 1967 along with the present day value listed in March's edition of Coin Values".
12/1967 3/2008
1856 Flying Eagle-XF: $1,450.00 $14,000.00
1877 IHC-XF: $375.00 $3,200.00
1909-S VDB-XF: $145.00 $1,500.00
1937 3-Leg Buffalo-XF:$65.00 $1,400.00
1916-D Merc Dime-XF: $300.00 $6,500.00
1916 SLQ-XF: $575.00 $14,000.00
1921-D Walker-XF: $200.00 $2,500.00
Oh too have todays spending power and 1967's prices! Edited by JimR
02/20/2008 11:14 pm
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Valued Member
United States
392 Posts |
Man I need a time machine to go back and buy some coins
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Pillar of the Community
United States
1179 Posts |
Yeah I agree with the time machine. Its kind of sad to think that there isn't much these days that we can buy knowing the value will change that much in 40-50 years. I guess thats what makes these coins worth so much to begin with.
Nice find Jim, thanks for sharing. I'll take 10 09S VDB's, thanks.
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Member
United States
3242 Posts |
JimR that bring me back to a time I hate. I had just got to Vietnam I was just buck private they called me the new guy.
I was just trying to get by and come home alive. coin were the not on my mind but,I wish I had be home to pickup 16-D Mercury at that price!
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Pillar of the Community
United States
2797 Posts |
Thanks for the trip down memory lane JimR ... in 1967 I didn't have that kind of money for a coin. Back then most considered it a hobby and spending $1450 for a penny would get you committed to a state institution.  That was forty years ago ... in the year 2048 what coin that we can acquire today for $300~$500 will be worth $15,000? It's too late for me to cash in on something like this, but my grandson is going to be setting pretty.  |
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Pillar of the Community
United States
6326 Posts |
Man ! That's pretty neat ! I wonder if there "are" any coins that we can acquire today that in 40 years would be worth so much more ! Does anyone have any ideas ? Probably just keep "acquiring" the Classics no matter what we have to spend........then in 40 years we'll see if they haven't doubled or tripled....or in our great-great-great-grandchildrens time......... mmmmmmm.....the thought of investment "now" for another generations "fortune"........
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Pillar of the Community
United States
533 Posts |
Yea, but if you are like me and can't stand to part with a valuable rare coin, you are going to have to buy two. One for your offspring to admire, and another for them to cash in on. lol.
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Valued Member
United States
328 Posts |
Using a time machine to go buy the coins? I'd use the time machine to pickup 10 trips worth of FedBoxes*!
*per day
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Pillar of the Community
United States
1179 Posts |
But you have to think too, that in 1967, $300 for that 16D was probably ridiculous to most people? No? I'm an 80's baby so I might not have a clue what I'm talking about :)
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Moderator
 United States
187702 Posts |
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Pillar of the Community
United States
1130 Posts |
They went up about 10X in value.
But again, I could have bought a $50k house and it's worth $500k today, or putting $10k back in 1980 on a small software company called Microsoft and it's worth millions today.
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Pillar of the Community
United States
581 Posts |
Hmmm. I always look twice at "look how much this is worth today".  So I went and did some annual rates of return on what Jim posted. Here is the link, if you like: http://www.moneychimp.com/calculato...lculator.htmBasically, you put starting value, end value and how many years it took (I used 40 years) to find out what the yearly return was. I have put the percentages at the end of each line in bold. 1856 Flying Eagle-XF: $1,450.00 $14,000.00 (5.83%)1877 IHC-XF: $375.00 $3,200.00 (5.51%)1909-S VDB-XF: $145.00 $1,500.00 (6.02%)1937 3-Leg Buffalo-XF:$65.00 $1,400.00 (7.98%)1916-D Merc Dime-XF: $300.00 $6,500.00 (7.99%)1916 SLQ-XF: $575.00 $14,000.00 (8.31%)1921-D Walker-XF: $200.00 $2,500.00 (6.52%)Conclusion: Depends!! If you're one who says coins aren't an investment, you're right. These returns really aren't that great. Smart investing of the original amount over those 40 years would probably have given you a higher return. But if you collect for the enjoyment of it, you had a lot of enjoyment AND a fairly decent return. If you think coins are a good investment, you're in trouble. Remember, these are the "hot" key coins. What about the duds? It'd be interesting if Jim picked a few less exciting coins like a common Liberty nickel, a standard 2-cent piece, a mid-level Barber half, etc. |
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Pillar of the Community
United States
2443 Posts |
Nice find, Jim. Would it possible if you could list a few prices for some Shield nickels? Kaybi, interesting info. I wonder by how much other collectors have increased in value... |
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Pillar of the Community
 United States
1490 Posts |
Amazon, 1866 Shield nickel XF 1967-$37.50 2008-$200 1880 Shield nickel XF 1967-$37.50 2008-$1,300 Kaybie, Here you go-Calculate the returns on these. 1907 Liberty nickel XF 1967-$5.50 2008-$32 They don't list 2 cent coins in the 1967 magazine. 1881-S Morgan S$1"Unc" 1967 -$2.50 2008 (MS63) $55.00 1912 Barber Half-VG-1967 $2.00 2008-$13.00 VG was the highest grade listed in the 1967 price guide. I will say that when you look at the ROI of these coins over the last 40+ years they are not as impressive as I would have thought. However they would have kept you ahead of inflation and would be a lot more fun to hold than short term and long term bonds. |
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Pillar of the Community
United States
581 Posts |
Okey Dokey. 1907 Liberty nickel XF 1967-$5.50 2008-$32 (4.5%)1881-S Morgan S$1"Unc" 1967 -$2.50 2008 (MS63) $55.00 (8.03%)1912 Barber Half-VG-1967 $2.00 2008-$13.00 (4.79%)Hmmm. Pretty much the same - maybe a little less. I agree with the enjoyment factor. Over a 40 year period, it's hard to compete with slow, unstoppable compound interest. It really adds up. It was Albert Einstein who said: "The most powerful force in the universe is compound interest" |
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Valued Member
United States
288 Posts |
Interesting comments.
I am a solid believer in very high grade fully struck Very Early Die State varieties.
Most of the coins that I purchased off of Teletrade 10 or so years ago as investments have increased 8-15x. IE: 1953 PCGS68 DCAM nickel at 8-900.00. Now 17,500.00 posted.... That's Nuts. This market got real expensive, real quick.
The coins I bought were all finest known coins or very few known condition census rarities, and mostly, fairly well known Varieties. My lower return level coins such as a 1909D M.S.66 dime increased from 8-900.00 to a posted price now near 7-8000.00.
I re-entered the market slowly when coins were even slower, after the crash of 1989-1990 or so, and made my major investment purchases around late 1995 to early 1997. The market had been down quite awhile.
I guess that it is possible to get strong returns on coins, I am just not too sure that they are not volatile. I guess it is like anything else. Buy when no one wants them, and sell when everyone wants them. Right now it seems as if everyone wants them. I urge caution. Although I may regret it, I will not pay today's prices in this unstable economy. I do not tolerate high risk investments very well. I am following Florida waterfront property and watching coins.
I did a lot of coin research previous to my purchases and targeted out of favor and undervalued very high grade RARE coins. I also did my share of cherry picking.
Even in this hot market, there are still some rare sleepers available. Elusive, but available. If I find a sleeper, I will still purchase.
Buyers Beware and Happy Hunting..... Gusp
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Replies: 15 / Views: 1,169 |
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Posted 02/20/2008 12:19 am
