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Time To Buy A Key Date Rare Coin

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Pillar of the Community
United States
1192 Posts
 Posted 09/22/2016  5:34 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
I recommend one of the 1936 proofs. I'd probably go for the walking Liberty since it's a timeless classic. With you budget you may be able to find a 64 grade one. The Washington quarter may be a good one too since people of this generation are familiar with the design. If neither of those work the Merc dime is nice and you could go pretty high grade. Mintage for the 1936 vary by coin but I believe all are under 4,000 made.

Pillar of the Community
United States
1450 Posts
 Posted 09/22/2016  6:01 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I might try and get a 1919-d or 19-s LSQ in MS63 or for a few hundred more than $2000 a 1921 LSQ. The new gold commemorative LSQ may spur more interest in this coin that many people believe is one of the most beautiful of all the early 20th century coins.
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Debrajc's Avatar
United States
4211 Posts
 Posted 09/22/2016  8:24 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
If I had @2,000 to spend (super Congrats to obtaining it that way!) I would do one of two things.
Buy a 1909 S VDB like the one barryg has OR
Start a classic coin proof type set. I saw a Barber Half proof the other day for $850 and only 750 were minted.
Valued Member
Omegaraptor's Avatar
United States
321 Posts
 Posted 09/22/2016  8:56 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply

Quote:
and I think every collector should have a nice example.


I don't have one because I don't want one. Even though I am a YN and could probably get one with some saving up, I just simply have a hard time paying that much for something that isn't rare.

And my response to the OP? All aboard the Seated train! Scarce date Seated coins are selling for multiple times book value on ebay. Maybe they are finally gaining in value. Have you seen the 1852-O Half Dime survivorship 200? There's a PCGS VF30 on ebay for $215.

Of course, if you want a coin with lots of demand, you likely won't find anything rare as most rare US coins are varieties and most scarce ones are hurt by being in an unpopular series (e.g. Seated half dimes, 3 cents, Liberty gold)

A good example I can find is the 1912-S Liberty Head Nickel. It's the scarcest LHN in the entire series and the guide books seriously overprice them. They sell for much less than guide book prices.
Edited by Omegaraptor
09/22/2016 9:08 pm
Pillar of the Community
United States
5208 Posts
 Posted 09/22/2016  9:31 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
Buy something (or more than 1 more common coins) that you like.

If not every time you look at the coin you settled on you will wish it was the one you really wanted and when it goes down in value you will be kicking yourself for not getting a coin you liked.
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United States
1450 Posts
 Posted 09/22/2016  10:12 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
When you start to speculate about rare coins and what to buy and possible appreciation you will probably be disappointed. Just buy what you like!
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 09/22/2016  11:39 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply

Quote:
I don't have one because I don't want one. Even though I am a YN and could probably get one with some saving up, I just simply have a hard time paying that much for something that isn't rare.


This.

This is precisely why I don't like key dates.

If you want a rare coin with a lot of history, beauty, and artistry, might I suggest this gold stater, struck under Alexander the Great between 336 and 323 BC. They can be had within your budget.

Time-To-Buy-A-Key-Date-Rare-Coin
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acloco's Avatar
United States
3540 Posts
 Posted 09/23/2016  01:01 am  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
I agree with moxking "I myself buy coins directly below the TOP POP, simply because exceptional coins can be had for a fraction of what the TOP POP's will sell for."

First, whatever you decide on, make sure that YOU become an expert on the date/mint/series.

If your decision is based on an "investment" strategy, then plan on holding the investment for 10 to 20 years.
Valued Member
cjartist's Avatar
United States
114 Posts
 Posted 09/23/2016  06:56 am  Show Profile   Bookmark this reply Add cjartist to your friends list Get a Link to this Reply
Well if you get gold, I'd say get an early quarter eagle so you're buying the rarity and not the gold content. Or save up another few thousand and get the Panama Pacific quarter eagle, that's a lovely one.

Or if you can find a nice proof Trade dollar, that's another on my list.

Or one thing I want eventually is a nice red or red/brown mint state large cent.

Personally I don't have much interest in key dates, because it's the design and attractiveness of the coin, not the date, that interests me. But I agree with others that it's a matter of personal taste, and the best purchase is the coin you want to stare into the longest.
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 09/23/2016  07:55 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Now that we all have totally scrambled your brains ,have you decided what you want to buy ?
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barryg's Avatar
United States
5855 Posts
 Posted 09/23/2016  08:29 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I agree that classic proofs (especially Liberty Seated proofs) are wonderful, but since you specifically asked about "key dates" and not just "wonderful" coins, another suggestion would be something like this:

Time-To-Buy-A-Key-Date-Rare-Coin Time-To-Buy-A-Key-Date-Rare-Coin

This one cost me around $1200, so you could either find a nicer example or spend the rest of the money on something else. Like a nice classic proof coin, perhaps...
Valued Member
United States
449 Posts
 Posted 09/23/2016  08:54 am  Show Profile   Bookmark this reply Add eagle_eye_18 to your friends list Get a Link to this Reply

Quote:
Now that we all have totally scrambled your brains ,have you decided what you want to buy ?


I think what I have take away the most for your opinions is:

Save more money to get an insane coin, which I am fine with I am an extremely patient person.
I am shying away from the traditional key date coins that are only popular because of filling holes.
I will start to look at classic coins possibly early gold, seated liberty.
I am still torn because I love the look of a MS coin but if I am going back to older coins do I have to settle for rare low mintage/low grade or are there any low mintage key date coins that I can grab in MS63-MS65?
I also agree that I have to love the coin and become very picky when the time comes to buy. However, my first step is finding the coin I want to own and that's why I posted and I value all of your opinions so thank you.
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barryg's Avatar
United States
5855 Posts
 Posted 09/23/2016  10:36 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, if you don't really care about traditional key date coins and are willing to spend a bit extra for rarities (and like eye candy), you might want to consider something like these:

Time-To-Buy-A-Key-Date-Rare-Coin Time-To-Buy-A-Key-Date-Rare-Coin

[Only 600 minted this year and better grade examples will certainly cost you more than the $2500 I paid for this one.]

Time-To-Buy-A-Key-Date-Rare-Coin Time-To-Buy-A-Key-Date-Rare-Coin

[Only 1,541 minted this year and once again, better grade examples will run above the $2000 I paid for this one.]

Time-To-Buy-A-Key-Date-Rare-Coin Time-To-Buy-A-Key-Date-Rare-Coin

[Only 755 minted this year, and I paid around $3400 for this one.]

Or, if you're more concerned with history and less with eye candy, you might want to get something pre-1800 like this one:

Time-To-Buy-A-Key-Date-Rare-Coin Time-To-Buy-A-Key-Date-Rare-Coin

[423,515 were actually minted, but much fewer survive today and better grade examples will run above the $2500 I paid for this one.]
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barryg's Avatar
United States
5855 Posts
 Posted 09/23/2016  10:39 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
[All the coins I have shown were purchased within the last few years, btw, so the prices I mentioned are pretty indicative of what can be found out there today.]
Edited by barryg
09/23/2016 11:38 am
Pillar of the Community
United States
1192 Posts
 Posted 09/23/2016  10:47 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Awesome coins barryg, especially love that Trade dollar!
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