| Author |
Replies: 18 / Views: 4,605 |
|
Valued Member
Canada
220 Posts |
Hello,
I am curious as to what the members here think of the investment potential of Victorian Era Canadian coins, particularly the 50 cent and 25 cent denominations...decent place to collect in order to achieve gains or preserve your investment? Also interested in people's thoughts as to the best Cdn coins to purchase with the potential for gains... Thank you!
|
|
|
|
Pillar of the Community
 Canada
9865 Posts |
Canadian coin values are dropping fast, there is no investment potential. We collect because we enjoy. The further the prices fall, the more coins I can enjoy.
"Dipping" is not considered cleaning... -from PCGS website
Edited by DBM 06/03/2016 11:24 pm
|
|
Valued Member
Canada
257 Posts |
Anything in low mintage (relative to others in a series), or extremely high grade. You're very safe on those two except if a hoard of them appears randomly.
If you're magical and can predict what varieties will be listed in future Charlton or CCN Trends, buy those up too ;)
|
|
Pillar of the Community
Canada
2632 Posts |
Quote: The further the prices fall, the more coins I can enjoy that pretty much sums it up for me too.. Educate yourself with as much info as you can before buying anything for a future investment. Unless you can get a good crystal ball on ebay..lol
|
|
Pillar of the Community
 Canada
5591 Posts |
As far as investment potential, the best thing to buy is to learn how to grade. Shop around an don't impulse buy. This is a hobby, not a stock market. You can't go wrong with higher grade Victoria stuff.
|
|
Pillar of the Community
Canada
3234 Posts |
Quote: You can't go wrong with higher grade Victoria stuff. This is true and most high end 50 c and 25 c vickies are already in a 3rd party holder. ..and they are usually very pricey..but that is the way to go... ..go for the best that you can afford..
|
|
Pillar of the Community
Canada
2495 Posts |
As explained by previous posters, it's a great time to be collecting right now.
Not for investment reasons, but for the true joy of building one's collection.
As I have outlined previously, I believe the coin market will not rebound until precious metal prices hit (and surpass) the highs of 2011 (gold $1900 and silver $45 CDN).
Edited by doubleeagle59 06/04/2016 11:03 am
|
|
Pillar of the Community
 Canada
5400 Posts |
Collecting coins is a wonderful pastime and a hobby. Once you start thinking INVESTMENT and coin in the same thought process you are going to get yourself into trouble big time. Not saying you cannot make money in coins, but it sure is a tough way to make an easy living.
|
|
Pillar of the Community
710 Posts |
Collect what you enjoy, just don't expect any "gains". The Victorian 25 cent and 50 cent are both interesting places to start with many variations and lots of history.
Cheers!
|
|
Pillar of the Community
Canada
2845 Posts |
Quote:
This is a hobby, not a stock market.
Quote:
We collect because we enjoy. The further the prices fall, the more coins I can enjoy.
While a hobby is not an investment, I can't help but notice a strong relationship to the mentality that goes hand-in-hand with the investment industry (all things money related) in general. When the stock market is low, people tend to scare-sell and take a loss thinking it's going to go even lower or perhaps crash entirely. Then when it increases, they regret selling low. But when it's high, they do nothing, satisfied with their gains while waiting for it to go even higher. Then when it takes a sharp drop they regret not having sold at the peak. Others buy at the top peak with the notion that past returns are indicative of future trends. The outcome is that many investors do the exact opposite of the old adage - "buy low, sell high" and then become discouraged. I notice a similar buying and selling mindset somewhat applies to coin collecting. Fear of buying when prices are low, new collectors jump in at higher prices. Recently gold bullion has risen somewhat, and accordingly gold coins have increased in popularity. Silver coins, not so. As others have mentioned, I also think this a good time for coin collectors to accumulate or upgrade. While it's not an investment, buying at lower prices certainly reduces the ultimate cost of the hobby.
|
|
Valued Member
Canada
395 Posts |
Well I think he's got the right idea anyways vicky 25 cents and 50 cents are probably safer bets as well as general key dates from other denominations. Might as well get them TPG'd(or buy them already TPG'd) if you're looking to preserve or maintain the investment as they are easier to sell. It's a good time to buy but you really need to enjoy coins to appreciate it if you're just looking at it for a straight investment there are better options. That being said you'll probably get a better deal buying from collectors so don't be afraid to make friends at a coin club or on the buying/selling forums here people will often upgrade and want to get rid of what they're replacing.
|
|
Pillar of the Community
Canada
1505 Posts |
Depending on how much effort you to put in selling coins, one of the best investments can be FV uncirculated rolls, hold them for 20-30 years and sell as individual coins. You will get a 4x to 10x return on a simple coins, later discovered varieties are a bonus and always have a guaranteed redemption value at original cost. The down side is, you have to sell a ton to make a worthwhile return.
Vickie's are always nice, but can be hard to find at a discount, like many others I would suggest collecting for what you like and try to buy under market value. Hopefully you will make a return when you sell coins. If you are looking for a safe investment with a good chance at upward potential, coins are probably not the first choice.
|
|
Pillar of the Community
Canada
2301 Posts |
Absolutely no future in Canadian coins expect the fun of collecting.
|
|
Pillar of the Community
United States
711 Posts |
Sounds like the play if investment is really your goal is to make a metals play on unloved Canadian coins near melt value.
I like Canadian junk silver, and not just because I once pulled an 1878 20 cent piece out and got it at a junk silver quarter price.
As an American collector, I really enjoy my little Canadian hoard / silver type set in progress. I buy every silver 5 cent piece I can from the junk bin.
I actually like the Mexican silver coins better, but I don't discriminate, all North American silver coins are great to me.
Anyway, that is how I collect Canadian coins and rationalize it as an investment / hobby. I don't have anything high end other than a score or three, but I have a lot of variety and that is fun to collect.
Canadian type collecting is fun and with the number of US junk silver collectors, it is a welcome addition to the mix in the LCS's I frequent anyway.
Lots of buyers of junk silver in the US, not enough bins of Canadian or Mexican junk silver for my taste. There is your growth outlet, all low end, but there is growth.
|
|
Rest in Peace
United States
2668 Posts |
I have several hundred US$ in Canadian moolah. You guys get off yer duffs and put some value in it! Chop chop! 
|
|
Valued Member
Canada
495 Posts |
Heed the advice of those who have experience, that is the best investment you will ever make. Its a hobby but temptation is always there like a little bird on the shoulder whispering in your ear, " Look at that, I can get it for 30% of Trends and sell it for a killing someday, the wife will think I'm a genius" that is until she inherits all of your investment and will want to dig you up and bury you again.
|
| |
Replies: 18 / Views: 4,605 |