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 Replies: 13 / Views: 4,605 |
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Pillar of the Community
United States
1450 Posts |
Last month "Coins" magazine listed ten possible sleeper classic coins. Does anyone have sleeper coins that they believe are a good value at present prices? I have a few favorites like 1923-S LSQ, but what do others think?
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Bedrock of the Community
United States
10284 Posts |
Can you list the 10 that they suggest? I don't get that magazine.
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CCF Advertiser
United States
1533 Posts |
Classic Silver Commems in MS-66. How much more price compression can happen?
MS-65 Saints. How much closer to bullion can they get?
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Valued Member
United States
338 Posts |
I agree with Andrew on the MS65 Saints (at around $475-$480 over spot). I actually think the MS64 Saints are also sleepers at around $140-$145 over spot.
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Pillar of the Community
 United States
1450 Posts |
I keep thinking some of the low mintage Peace dollars are a bargain but I have thought that for a long time. You can get 1927 Peace dollar with second lowest mintage for around $200 in MS63. There are just many coins that have low mintage that don't reflect possible future values. MS64 Saints at $140 over spot are what I call potential sleepers, but who knows where the hobby is going and if numismatic values will mean anything thirty years from now? |
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Pillar of the Community
United States
5825 Posts |
It will probably still be sleepers if there's no demand for it, only time will tell.
I have bought sleeper coin from rare coin representative back 15 years ago that the rep said to hold the coin for at least 5 years, and likely will go up in value, his recommendations are numismatic gold coins when it was cheap?
I decided to split my buying power with one of what he recommended, and the balance in 10 one oz gold bullion, and it was a profitable choice I made, not the numismatic gold coin, but in this case the 10 one ounce gold bullion.
In case you're wondering, it was around 2002, 2003 that gold was around $250+ an ounce, the numismatic gold coin cost about the same as the 10 one ounce gold bullion, but I haven't really see any real gain.
No demand. Sleeper stays asleep!
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Pillar of the Community
United States
1188 Posts |
I think something in the market has to "wake up" the sleeper coins. For example, I think certain Roosevelt dimes are good candidates however it would probably take a design change to wake them up. |
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Pillar of the Community
United States
5854 Posts |
I think it is probably best to start off with coins that you like and pick sleepers from that. Sleepers can stay sleeping for very long periods of time and it will feel even longer if it is a coin that you don't really enjoy owning.
I have been considering the purchase of a $2.50 and/or $5 Indian in MS-63 or 64. I personally really like the design of the coin and it would fit nicely into my type set. Prices for these coins have been crushed in the last few years. I think the last time prices were near where they are now was back in 2000. In the 1980's they sold for about what they are selling for now.
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Valued Member
United States
338 Posts |
I recently bought some slabbed gold pieces that I chose mainly because because I was able to buy them "right". They are coins already on our building list of sleepers including Saints, $2.5 Indians, and one more a 1893 MS60 $20 Liberty. They are coins I really like. And, since I bought them well under list, I think they are already sleepers in one sense. I believe in one coin in particular, a 1907 MS62 Saint (First year of Issue). With that in mind, I believe in other high grade First Year of Issue coins including 1892 Barber dimes, Quarters, and Halves, 1921 Peace, etc. |
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Pillar of the Community
United States
3343 Posts |
$10 gold eagles from the 1850's.
No coin is a sleeper if you pay a wide awake price.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
1450 Posts |
I got a 26-S Mercury dime in VF30, 1927 Peace dollar in MS63, 1921-S Buffalo and 26-S Buffalo both in F-15. These are potential sleepers according to "Coin". "Coins" magazine lists the 27 Peace dollar, the 26-S Mercury dime and all Buffalo nickels before 1930 as sleepers. Coins Magazine also says the 1909-S Indian Head, 1886 Liberty nickel, 1904-s Barber dime, 1914-S Barber quarter and 1923-S SLQ in EF and 1923-S WLH in EF with a strong date. Also the 1915 Barber Half in EF or AU. They only minted 138,450 of them. If I had a pocket full of money I would buy the Buffalo nickels in the best condition I could afford. They are iconic coins that you can get almost all in at least VF or EF condition and not break the bank. I remember them and the Mercury dimes and LWH dollars so well from the 50's when they were still fairly common but in worn condition. I never saw a LSQ that was not date less and very worn and then I stopped seeing them at all. Maybe these really are sleepers and new Prince Charming to wake them up? |
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Pillar of the Community
United States
5825 Posts |
I think I may have saved a older issue of Coin World that had the similar sleeper coins article, will have to check the list. The magazine maybe 5-10 years old, but is interesting to see what was the old sleepers. @Terry, Did they list any previous sleepers? The 09-S Indian cent is a key date, the 86 Liberty nickel aren't widely collected? I am saying there maybe less Liberty nickel collectors, knowing they will probably never get the 1913 nickel. |
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Valued Member
United States
321 Posts |
So many obscure date Seated coins with low mintages and survival rates in the couple hundreds that are practically handed out for free in comparison to popular key dates like the SVDB. They're already waking up, hop on the train! |
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Pillar of the Community
United States
1450 Posts |
MacMercury My LCS owner and I have had this discussion before about Peace dollars. There are 5 with mintage of less than a million. The 27P and 34P get little respect while the 28P, 27S, 34S and 21P get the attention. Morgans with less than a million mintage or even 1 million mintage are worth much more in valuation. Just the lonely 1899 gets no respect and has a mintage of less than 400,000. There is so much about "Sleepers" I don't get. I would like to compare old lists of sleepers with current list to see if the experts are just pumping canal water. Fortunately I did not get into coins to get rich since that is not going to happen. I do gag at the prices of the last 8 Morgans I want to fill my set. I wanted most of them in at least AU but see if I want a full set I will have to settle for less. I just won't pay 35K for those coins. Many sets have a few ringers that are very expensive but some sets have many expensive coins which is discouraging. |
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Replies: 13 / Views: 4,605 |
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Posted 04/17/2017 1:30 pm
