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 Replies: 26 / Views: 3,954 |
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Pillar of the Community
United States
616 Posts |
I'm an ancients collector but I started in US coins as a kid back in the 1970s. My US collection is about what you would expect as a kid. It's pretty much all over the place. I've decided that I'm going to sell parts of it, and I'd like to roll the proceeds into a nice US classic coin that will hold numismatic value. Not bullion coins (I have enough of those). So let's assume I have $500 to spend on a single coin. What would you recommend? Again, something nice that will hold its value over time. |
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Pillar of the Community
United States
4469 Posts |
A none common $2.50 Quarter Eagel in NGC or PCGS plastic, or a 1882 or 84 CC Morgan MS 64 DMPL would be cool, or you can not go wrong with an orginal 50 cents Capped Bust. Buy what you will enjoy.
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Pillar of the Community
United States
3479 Posts |
I think gold is in a long term downtrend. I would stay away. You want to cherry pick a coin with exceptional eye appeal and original surfaces. Start trolling Great Collections and Heritage Auctions every week. For that price range I would recommend capped bust halves or halves in the seated series. I like Seated dollars but you will be hard pressed to find an original Seated dollar for $500. |
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Pillar of the Community
United States
3343 Posts |
"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
616 Posts |
The Morgan dollar is a classic, one of the most beautiful American coins made. The capped bust halves are truly iconic of their period, and those seated libertys are sweet. Thanks for the suggestions. Edited by jskirwin
05/28/2017 9:50 pm
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Pillar of the Community
United States
3479 Posts |
Actually I can refer you to a dealer who has a nice original xf-40 1812 capped bust half with nice toning for $450. I would have bought it myself but I already have an 1812. The downside - it's not graded by a TPG.  |
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Rest in Peace
United States
18456 Posts |
Probably your best bet for investment would be a PCGS or NGC MS-66 slightly better date Morgan dollar . Just remember to buy the coin NOT the slab , meaning don't buy it just because they say MS-66 .Your eye appeal has to be right on ,and you have to say to yourself ''I love this coin'' The color, details, and a CLEAN bag mark face has to be your top priority .  |
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Valued Member
United States
384 Posts |
Mike, why do you say that about gold?
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Pillar of the Community
United States
6370 Posts |
Buy the nicest classic head large cent you can afford. It has to be completely problem-free as well as well-struck and on a good planchet. Aim for as close to VF as possible. There are only so many out there, and they are truly scarce. Type collecting will get more popular, and the value of that piece would rise.
High-grade Morgans will not hold their value. More will be found and certified, and the prices will decrease. Just look at MS-65's over the past decade. An 1880 S has gone down from $200 to $140 as per retail price guides. MS-66 would follow suit.
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Pillar of the Community
United States
4469 Posts |
Quote:
High-grade Morgans will not hold their value. More will be found and certified, and the prices will decrease. Just look at MS-65's over the past decade. An 1880 S has gone down from $200 to $140 as per retail price guides. MS-66 would follow suit. Common date Morgans MS65 and below trend with the price of silver. The MS65 common date Morgan has indeed dropped in value most likely because the low price on silver. On the recent price guides the common date Morgans MS62, 63, 64 have increased in price. Is this because the Morgan silver stack buyers are not buying the common date MS65 and investing in the 62, 63 and 64 common dates? If and when silver takes another run to $40 an ounce, the common date MS65 will go up in price with the silver price increase. |
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
4211 Posts |
 If I were going to have 1 coin....it would be a Morgan. |
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:
A none common $2.50 Quarter Eagel or even a $5 half eagle, if you can find one for that money. Quote:
in NGC or PCGS plastic Only if you swing that way. Quote:
I think gold is in a long term downtrend. I would stay away. It could be, but a gold coin you buy for $500 (if it's not a $1 gold) is guaranteed to still be worth at least a quarter of that for the foreseeable future, which most emphatically isn't the case for anything else. On second thought, this seems to go against the spirit of your prohibition on bullion. If so... no idea. Classic proof of some kind? (The capped bust half suggestion seems nice though. But I'm really not a US coin collector.) |
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Pillar of the Community
 United States
3058 Posts |
Early copper 1793 flowing hair.
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Pillar of the Community
United States
6370 Posts |
Quote:
Common date Morgans MS65 and below trend with the price of silver. The MS65 common date Morgan has indeed dropped in value most likely because the low price on silver. On the recent price guides the common date Morgans MS62, 63, 64 have increased in price. Is this because the Morgan silver stack buyers are not buying the common date MS65 and investing in the 62, 63 and 64 common dates?
If and when silver takes another run to $40 an ounce, the common date MS65 will go up in price with the silver price increase. The flaw with your logic is that the price of MS-65 was still falling while silver was rising. I had an MS-65 Morgan that I got in 2006, and I watched it go down in value every year. Luckily, it was a prize, so I didn't pay anything for it. Also, the premium is large enough for it to not be affected by the silver price. |
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Pillar of the Community
United States
7390 Posts |
All coins except the six figure and above investment coins have dropped since the mid 2000s after the economy went in the crapper. When we have a great economy we have more disposable income and coin prices rise. Get ready for a boom guys!!
Edited by Cascade
05/29/2017 6:16 pm
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Replies: 26 / Views: 3,954 |
Posted 05/28/2017 9:05 pm
