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 Replies: 14 / Views: 1,604 |
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Valued Member
United States
84 Posts |
Is hoarding new type US coins that are in great shape, a good idea? |
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Bedrock of the Community
United States
94367 Posts |
Please be more specific. Do you mean mint rolls of US State Quarters, or commemoratives, or ...? |
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Valued Member
United States
338 Posts |
I don't know why but I'm putting away nice examples of the ATB Quarters. Just saving a few as each new design comes out. |
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Pillar of the Community
United States
4212 Posts |
I religiousy save all Unc & above'82 & '83 5c. It's payed of for me in spaids. Just last week, my LCS relented to a trade of P&D year sets. This was the outcome   |
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Pillar of the Community
United States
1346 Posts |
ACB: My view, which will perhaps be unpopular here, is that inflation will eat away any increased value that UNC modern coins - say from circulation, or bank rolls - will ever gain. Now there's the chance one might find one of those "errors" that some folks get all in a rut about. I would suggest or keeping an example or two of coins that interest you, and collect for fun. See how many different you can pull from circulation. (I recently bought off ebay a 25c Texas quarter proof. I paid $2 including shipping. I'm 71 and when I go it will still be worth $2. (I've got to salute the flag here) They make TV shows about hoarders, you know. Nutmeg: I do that too, it's the collecting gene. |
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Rest in Peace
10197 Posts |
I just recently dumped two large plastic jugs (Protein mix) of copper LMC's and Zinc LMC's (almost 9000) because I figured I'd give some poor CRHer a real thrill claiming they just found the absolute perfect MS62 cent, (  , anyone?) after my grubby mitts had been all over it searching them every which way but Sunday... It may have only been $10 worth, but they're circulated. With rolls the OBW rolls I'm gathering, circulated cents are worthless, no premiums...FOREVER! Same goes for all the other denominations, collectors/dealers/speculators have gathered a substantial amount of the BILLIONS minted for "posterity's" sake. Thinks it is a very bad Idea in todays economy to put your money in a rathole that way. |
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Pillar of the Community
United States
4211 Posts |
I buy a mint, proof and uncirculated set every year. I figure in 50 years they will be worth around 1/2 of what I paid for them.  I do not save coins from circulation. |
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Bedrock of the Community
United States
94367 Posts |
The last time I bought something from the US Mint was in 1965, and I do not regret the decision.
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Pillar of the Community
1153 Posts |
save what you want but I don't think they will increase in value over the next decade. I have a book of ATB Quarters that my daughter helped me put together, its worth nothing but face value but more important its worth the memories. |
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Moderator
 United States
187862 Posts |
Quote:I have a book of ATB Quarters that my daughter helped me put together, its worth nothing but face value but more important its worth the memories.  |
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Valued Member
United States
61 Posts |
The US mint claimed that 100,000,000 people were collecting Fifty State Quarters (it's been twenty years now) and a complete, circulated, fifty state set sells for face value. Collect for fun, but don't expect anything more than face value. Have fun! |
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Bedrock of the Community
United States
11951 Posts |
Collect what you like. Most areas of collecting are not a good investment. If you make it a lifetime hobby, it can become a accumulation. That accumulation can have some very good value. Some have more vision than others. What if you can develop a collection that three or four generation will build on. Sometimes I wonder what my collection would be like if my grandfather had collected at the level I do, and I inherited that collection. He was born in 1896. Can you imagine having BU rolls of Barber, Mercury and Buffalo's. My fathers collection is larger than mine, I am not sure if I will end up with any of it. But I hope I do,and can pass them all down to future generations. I believe, 50 to 100 years from now having high grade examples of our current modern coins will be welcome in any collection. |
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Pillar of the Community
United States
624 Posts |
Always invest against the market. A lot of collectors loop America the Beautiful Quarters in with the State Quarters which had much much higher mintage numbers and that everyone collector or novice saved thinking they would be valuable. By the time 2009 came around and they were making the territories, most people in the general public were quartered out. Then ATB came out and the average person ignored them. They weren't saving rolls of them for their grandkids, or putting them in folders since their last investment of states didn't pay off. ATB Quarters are made in lower numbers, have nicer designs, and I believe of any modern coin, that this is the one to latch onto. I also save a few bu examples and put them aside. I don't assume they will be worth much in my lifetime, but you never know. 1983 bu quarters are worth a bit, and I was alive then. |
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Bedrock of the Community
United States
17884 Posts |
MAYBE, if you do so selectively and only with PCGS MS-68 or better coins (Not proofs). Ev Chances of real appreciation is slighten then there is no guarantee, and you are going to have to risk a fair amount of money just to acquire them. Then you will probably consider yourself lucky if they just hold their value.
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Pillar of the Community
United States
2200 Posts |
With average mintages over 100 million each, these coins are common and will never be rare. So if you're thinking of investing in them that way, it wouldn't be worth the trouble.
But, a coin is as valuable as the price someone is willing to pay for it, so I also think that somewhere down the road, a nice Gem BU set would be very attractive to some buyers, especially young collectors new to the hobby who weren't even born around the time these coins were minted. You most likely would not be able to get much than face value, but if you set a realistic price and have a lot of sets for sale, you could possibly make some money. (I used to work in advertising and learned a never-fail maxim for selling your product: "Come up with an irresistible product and then sell it at an irresistible price.")
Edited by jpsned
07/07/2017 11:46 am
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Replies: 14 / Views: 1,604 |
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Posted 07/01/2017 5:59 pm
