| Author |
 Replies: 23 / Views: 4,962 |
|
|
|
Pillar of the Community
United States
7390 Posts |
I'd bet that high end (say $1000+ currently) ikes whether by grade, error or rarity are a good investment for a 20yr time frame. Nobody has a crystal ball but top ikes are an area I'd classify as buy and hold right now.
|
|
Valued Member
United States
205 Posts |
Unfortunately, I feel just carl is right. Most of the older classic coins are truly works of art, with each individual one being different. Each one has a different history. Efforts are being made now to become a cashless society. Each graduation celebration I attend I give a classic coin on the condition they begin a collection no matter how small. Morgans and early copper are what I feel would do well over the long haul. Just my 2 cents. Ag
|
|
Pillar of the Community
United States
4469 Posts |
For fun my common man Morgan top 10 by grade.
1) 96S AU58
2) 03S AU 58
3) 94 MS 62
4) 84 PL or DMPL MS64
5) 04S AU 58
6) 89CC XF40
7) 80 PL or DMPL MS64
8) 99 O PL or DMPL MS 64
9) 81 PL or DMPL MS64
10) 82 PL or DMPL MS 64
|
|
Pillar of the Community
 United States
1450 Posts |
If you think old baby boomers and those even older don't have money just watch Mecum Auctions and see these old guys buy classic cars for $200,000 and even more. There are plenty of people out there with more money than brains. If you just have time most things with any value can appreciate. Watch "Pickers" and see these guys turning rusty old junk into money. People will collect anything and are willing to pay up to get the rare stuff in their particular area of obsessive/compulsive delight. My wife used to seriously collect cookie jars. The internet ( ebay) hurt that market because it became easier to find rare cookie jars and the supply increased. |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
If you think old baby boomers and those even older don't have money just watch Mecum Auctions and see these old guys buy classic cars for $200,000 and even more Always remember that what you see on TV or in the movies may not be true. I've had many old cars and in perfect shape. Keeping them up, finding parts, etc. gets expensive and then REALLY try to sell them for what you put into them. For example my 67 Imperial has only 23,000 miles and I would be lucky to get what has been invested in it.  Now if this was a TV show, or an auction you see on TV, I'd be getting a small fortune for this. In the REAL world, almost difficult to sell. Same with a lot of coins which is why everyone says this is a hobby and not a good investment thing. |
|
Pillar of the Community
United States
4337 Posts |
nice ride carl
i'd guess you can grab $18K to $23K for that car or am I at a wholesale number in that range?
|
|
Valued Member
United States
127 Posts |
Most collectors usually are not investors. Most collectors rarely ever see their collections increase in value in 10 years. Wanna make money ? Buy other stuff. Compare prices in "Redbooks" 10 years apart, 20 years apart, or maybe some older. Extreme rarities increase, but the average collector doesn't have the mega money for that purchase. Collect for the enjoyment, not for the profits.
|
|
Pillar of the Community
United States
1450 Posts |
I really agree with that idea that you should collect for fun and not for profit. I do get a kick out of filling a set of coins. It is just personal satisfaction. The fact you have to buy them and can't just find them in your change is off putting these days. When is the last Buffalo or Mercury you saw in your change? The fact I could put together a pretty decent set of Buffalo nickels is a big deal to me. I show them to friends of mine and they are impressed just because they probably wonder where those coins went. |
| |
Replies: 23 / Views: 4,962 |
First Page
Posted 05/30/2016 01:58 am
