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Replies: 18 / Views: 3,268 |
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Pillar of the Community
United States
3479 Posts |
Hi all,
So I'm looking for opinions on the most undervalued coin types. I'm back in the game and looking to make acquisitions. I'm most interested in early coins from the 1700s and 1800s. Any thoughts?
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Bedrock of the Community
Australia
21786 Posts |
I collect World coins and as such, any U.S. classic coin in any condition at the right price can find a place in my collection.  If you are looking for a bargain for the type, you need to have a good 'handle' on the price of any coin in this period. The best way to do this is to review the reading the prices vs condition, probabaly once a fortnight, in a catalog that is perhaps 2 or more years older, so that your feeling for the pricing of them is conservative. Open your mind to the whole of U.S. classic coinage. I do this for World coins generally, so that my horizons are much wider, and the bargains are much more frequently found.
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Pillar of the Community
United States
5825 Posts |
IMO, and I'm no expert, Roosevelt dimes are under valued. US collectors generally start with Lincoln cents and when that starts getting tough they move to Jefferson nickels. After doing that for a while they'll start looking at Kennedy halves and Ike dollars, and maybe Washington quarters. Of course Morgan and Peace dollars catch their interest. Notice how Roosevelt dimes seen to get skipped. And I'm particularly thinking about the silver issues from 1946 to 1964. Anyway I went that way but nothing will happen until the Mint puts out a new dime design. I have: -- a raw BU PD silver dime set -- a slabbed PD silver set in MS-66 -- a slabbed proof silver set in MS-67 -- a slabbed PD silver set in MS-66 FT Now I just sit back and wait for the dime to come out in a new design (hopefully before I kick the bucket).
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Pillar of the Community
United States
1450 Posts |
The thing about Roosevelt dimes is that in most cases they minted millions of them. I have a set of the silver ones and if you can get them really cheap it is ok since they are 90% silver. I think just about all the LSQ's are undervalued and I think many Peace dollars are undervalued since there are quite a number with mintage of less than one million. I think gold coins are overvalued in most cases because the price of gold is what determines the price of more common gold coins and even the less common ones. I think all the silver coins of the 20th century are undervalued if you have a 30-40 year time horizon.
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Pillar of the Community
United States
1959 Posts |
I have a love for large size Capped Bust quarters. About 10 years ago I went on a buying spree buying up problem free low to mid grade coins. They WERE under valued at the time (lucky for me). The realized prices climbed until about a couple years ago. Now seems to have leveled out. Seated dollars seem to be under valued when you look at montages, however, there may never be a stronger market for these. Most people will not attempt a set of these. They just settle for a few for the type set. I just keep my eye out for good buys in all areas of classic coinage. I buy it all if I can afford it.
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Pillar of the Community
United States
1839 Posts |
There have been a lot of threads about this subject over the years. One of the problems with claiming that a series is undervalued is that supply/demand has been at play for a very, very long time and so I'm not sure you can say any coins from the 1700s and 1800s are undervalued. For example, the seated coin series. Half Dimes and dimes have a lot of years with very low survival rates and yet they tend to sell at prices far below later coins with similar survival rates. But because there are far fewer collectors of these series the demand is much lower and so prices stay relatively low. Now if somehow demand for Seated half dimes and dimes were to suddenly change then pricing would likely increase substantially. I'd be pretty surprised if this happened though. This scenario is repeated in lots of other areas as well.
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Bedrock of the Community
United States
94367 Posts |
 to the CCF!
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Pillar of the Community
United States
533 Posts |
Kind of like asking what stock is going up next
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Pillar of the Community
United States
533 Posts |
I work for a large clothing retailer (at that point we were selling women's clothing in a now defunct chain) and once we were in negotiations to buy a demand based planning system for about 15 million dollars. Essentially they took a few years of sales at style-color-size and determined if we had bought more of this style-color-size and less of this style-color-size we would have made more money.
Fine I asked them but how does it predict that Fuschia will be a "demand" color next year (remember you need to buy a year ahead) because some movie star wore it to an awards show and everyone talked about the color? Needless to say they couldn't answer and we didn't buy it.
This is kind of the same situation, a coin might be undervalued because demand isn't there, despite what we think the demand should be, but if that demand never materializes it will remain undervalued. More than many other collectible demand is the driver of key date coins. If the demand is there now the coins value is higher already.
So how do you predict future demand, what will be the hot collectible in the future?
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Pillar of the Community
United States
3343 Posts |
Any type can be undervalued at any time. Pick out types YOU like, know your prices, look at a million of them on ebay in shops and on Heritage. If you're wrong you still have coins you like. Start with Peace dollars, for instance. What's not to like? I'm not being flip. Good design, big, silver, short series with no stoppers, wide availability in all grades.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 11/09/2016 11:54 am
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Pillar of the Community
United States
790 Posts |
I kind of think Peace dollars might catch on, too, just because I like them.
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Pillar of the Community
United States
4211 Posts |
I think Peace dollars are a bit under rated as well. Maybe someday they will have a bit more respect. I personally like them!
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Pillar of the Community
United States
533 Posts |
I think Peace dollars are ugly. Although I like the reverse. Neither of us are right or wrong it's sort of a Ginger or Maryann thing. But it demonstrate why picking future trends can be so hard
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Pillar of the Community
United States
5825 Posts |
Quote:The thing about Roosevelt dimes is that in most cases they minted millions of them. I have a set of the silver ones and if you can get them really cheap it is ok since they are 90% silver. And that's my point. The silver issues ARE really cheap. And in this case I read that as undervalued. Also remember it's not how many were minted; it's how many still exist. The big silver melt of 1980 and several subsequent ones MAY have changed that.
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Pillar of the Community
United States
1450 Posts |
Yes, these big silver melts need to be taken into account. You know that you almost never see a silver 20th century coin in circulation. Where did they all go....into melting pot? So how do we know which silver Washinton, Franklin, Kennedy or Roosevelt coins were melted and how many still exist. It seems the silver Kennedy half dollars are disappearing fast as are 40% silver Ike's. Have you seen one in circulation lately? I have not, but I am not really looking because I am focused on filling my Morgan set.
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Pillar of the Community
United States
533 Posts |
The problem with coins with recent presidents on them, even back to Roosevelt, is other factors come into play. I wouldn't own anything with a Kennedy on it
The should have a 100 year law for coins, and bills, the person has to have been dead 100 years before you can use the image
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Replies: 18 / Views: 3,268 |