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 Replies: 33 / Views: 7,047 |
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Pillar of the Community
 United States
1450 Posts |
I think Americans have a thing for their own coins. We do have historically some beautiful coins. Our classic commemoratives are standouts as are out 18th, 19th and early 20th century silver coins. When coins started to be made from common metals we lost it IMO. Even the pennies that are non-wheat pennies are almost worthless.
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Pillar of the Community
United States
968 Posts |
Not just that they are made of common metals but the sheer number of modern coins produced makes them less appealing to collectors. The highest mintage for any single year of large cents never topped 10 million. The first year of Indian cents was 36 million. 1910 Lincoln cents were 147 million. Thats a lot of coins in one sense, but compared to modern production it is a rounding error. Last year there were around 10 billion Lincoln cents produced. When you are producing more cents in a single year than there are human beings on Earth there is just no way that many coins will ever become scarce enough to have any real value outside of the very highest grades (and even then not that much). |
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Pillar of the Community
United States
5830 Posts |
This subject has been brought up numerous time, and there's really no answer to it, but if I had the so call foresight like all the other experts believe which sleepers will rise in value, most are still sleeping, finding that 1-2% takes a lot of guess and work.
The series many specialists hope that will raise in value over the next 15-20 years is still waiting to take their turn, it is the key date coins that most collectors lacking that becomes more valuable over time, so if I had to choose... I will save to buy my key dates for investment, otherwise; I buy to fill the holes.
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Pillar of the Community
United States
1450 Posts |
I actually buy to fill the holes as well. I have 13 Morgans left to fill in my Dansco book. They all seem expensive to me and some are just almost hopeless because I do not want to pay $5000 or even $1000 for a coin that is worn and ugly. I will just do what I can feel OK about. If a 1916 LSQ pops loose from its owner as he promises I might buy that one even if it just has a strong date.
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Bedrock of the Community
United States
20753 Posts |
I suggest you purchase all the 1913 Liberty Head Nickels you can find and in any condition. Same with 1933 Double Eagles. Go to the Red Book, pages 442 and up. There you will find a list of all the coins you should be purchasing. That's what I did and look at me know.   |
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Pillar of the Community
United States
666 Posts |
Quote:Go to the Red Book, pages 442 and up. For those of you with the Mega Red edition, it's page 1390, assuming Carl is referring to the appendix titled, Top 250 U.S. Coin Prices Realized at Auction. |
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Pillar of the Community
United States
6370 Posts |
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I wonder if Chinese coins might eventually become more valuable, mainly due to the country's huge population and the Chinese people's interest in their nation's history. There are folks here who know a lot more about this possibility than I do, and I'd be interested in their thoughts.
What kind? The ancient stuff? Or bullion Pandas? The latter I know nothing about. If it is the former, then you missed the investment opportunity by ten years. I feel that prices are going to go up for another ten years or so, and then crash as more people back away due to the number of counterfeits out there. I collect ancient Chinese for the fun of it, without regard to value. But I get most of my coins for less than wholesale, so I don't care if values go up or down. |
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Pillar of the Community
United States
666 Posts |
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What kind? The ancient stuff? Or bullion Pandas? The latter I know nothing about. If it is the former, then you missed the investment opportunity by ten years. Sorry, I meant the ancient coins. And, I have since learned from folks here who know a lot more about this than I do, that my idea is 10 years old.  |
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Pillar of the Community
United States
5830 Posts |
Goota love those Pandas!
I don't know much about my own coin culture, but investing wise. I missed more like 20 years!!
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Pillar of the Community
United States
1450 Posts |
All you need to do is buy scarce coins and wait 50 years! This will ensure that your great grandchildren will get the coins and then squander all the profits on a space ship and bionic pleasure android in the future.
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Pillar of the Community
United States
790 Posts |
I asked a professional coin grader who is sort of the "coin answer guy" in my city's radio shows what he thought I should start my collection with, in terms of solid value. He said I should get a Morgan in a good year, grade 65 or above. Given I told him I could spend around $300, I think he was giving me an education by setting an impossible task (or else being snarky), but I'll pass it on for what it's worth.
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Pillar of the Community
Australia
7096 Posts |
There really are NO hard and fast rules as to what is numismatically a sound investment. My advice is buy what YOU enjoy and if you make a quid down the track then all is good. If you have enjoyed what you have bought and loose a few quid on them down the track then it is still all good because you have had fun along the way. Better than buying something you hate and still loose at the end of the day  |
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Pillar of the Community
United States
1450 Posts |
I am sort of hooked on finishing my Morgan Date/mint set, but I see I will have to compromise the grade and condition of the coins I am willing to collect. I do not see any good deals on these scarce Morgans anywhere. I see coins selling for about retail everywhere I look and many above retail. Try and find a really good deal on a 1893-CC or 1894 or 1893-S.
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Rest in Peace
United States
18456 Posts |
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Try and find a really good deal on a 1893-CC or 1894 or 1893-S. No such thing !  |
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Pillar of the Community
United States
4469 Posts |
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He said I should get a Morgan in a good year, grade 65 or above. Given I told him I could spend around $300 You are not going to pick up a key date MS65 for $300, but you could pick up a 1889 or 1903 MS 65 for about $300. If I was going to buy a Morgan for $300, I would have to consider the 1879 S MS65 PL. There are some stunning proof like coins for this date. |
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Replies: 33 / Views: 7,047 |
First Page
Posted 09/25/2016 4:07 pm
