| Author |
 Replies: 18 / Views: 9,922 |
|
Pillar of the Community
United States
1261 Posts |
I have been following and researching early copper US coins ( Half Cents and large cents), as they are the next things to upgrade for my type set. I think problem free, non corroded examples are very difficult to find and will increase in value over the next 5-10 years. Especially those early issues with smooth surfaces. It got me thinking what other coins do you think have a chance to take off in the near future? There are always undervalued series out there that eventually increase in value...what do you think is next? |
|
|
|
Pillar of the Community
United States
3479 Posts |
I've looked at this many, many times and I'm always drawn back to Seated dollars. I would have loved to build up an early copper collection or an early dollar collection but the more I've followed auctions over the last year, the more I realize that original Seated dollars in au are the rarest of any American type coins. Edit: On the retail front, aside from auctions, If you walk into your local coin shop, chances are you will see early copper and at least 2 early dollar examples. If you offer your card and tell the owner you are looking to buy Seated dollars, the owner will most likely refuse it. Sending you on your way with the explanation that the shop only sees 4 slds come in a year and that when they do come in they are in terrible condition. I've tried it in a 4 state region of the Midwest. Local coin shows produce the same result. When you find a dealer who actually has one, they are priced into the stratosphere. Edited by MikeF
07/20/2017 8:32 pm
|
|
Pillar of the Community
United States
1450 Posts |
I think the coins that will appreciate most of the next 10 to 15 years are the ones most of us cannot afford. The rare and very scarce coins in mint condition will be where the appreciation is at IMO. This is because the Coin World is ruled mostly by investors and not collectors. I bet within 50-100 years some of the coins of the 19th and early 20th centuries like Buffalo nickels and Mercury dimes will be in demand just because of their unique beauty. Keep those frosty Morgans for your grandchildren. |
|
Rest in Peace
United States
18456 Posts |
Well let me look into my crystal ball . Ahh yes I see them , oh darn somebody pulled the power cord .  But your probably on coarse with those nice early coppers . Edited by T-BOP
07/20/2017 9:18 pm
|
|
Pillar of the Community
United States
1590 Posts |
Well, not the next fifteen years but as a dealer I can tell you what is happening now. In the last six months the bottom has dropped out of the Morgan and Peace dollar market. So much so that I've put most of my stock back into the long term safe. Mercs dropped but have recently gone up a bit. Hunt around and you can find 40s BU for $3 to $5. Maybe as low as $2. Common dates are about $1. The same, believe it or not for Barbers. I took all my Barbers and Mercs off the ebay market. Walkers are still doing well, but have slipped a moderate amount. BU 40s are now around $12 to $18, but a good deal can still be found around $8. Classic Commems...forget about it. IN the last six months all my graded commems have gone for about 60 percent of greysheet. Indians and V nickels in low to mid grade are just not doing well, unless you have something like a 1869 or other semi key. Rosies and Jeffs are almost at a give away. Unless you are selling 5 step 53-S Jeffs. What is doing well? Buffalo's and Franklins, and pre-1964 Washingtons; and come to think of it SLQ's. Now Buffalo's are a regional thing. I buy low in some regions where they are dirt cheap and then sell them here in Ohio at a very nice premium. And...no...I'm not going to give my hunting ground out....lol. Franklins do well on ebay, BU Washingtons do well. LWC's are actually doing the best on a percentage basis, but not so much on an actual dollar basis.Believe it or not Laminations and other errors are doing much better than Barbers. I get about the same for each, but pay Two Cents for LWC versus eighty cents for Barber dimes. The future? I think if you could get a good deal on mintmarked ( esp "S" ) Barber halves, and are willing to hold them that they will do well. The market has adjusted from the inflow of coins during the great melt. I would try to find VF coins are solid Fines. They are slightly down right now, but I think that is a reaction to the silver prices. The same for SLQs, Mintmarked Buffs in XF or better, and jsut my opinion, Seated dimes and quarters. Most are very under rated. Something else that may...may do well are late teen LWC in 45 to 58. I have seen some INCREDIBLE deals on these and I still don't understand why. And something else I have noticed in the last year or so...high grade, problem free zinc lincolns. By that I mean no bubbles and spotting. True they are not bringing huge numbers, but I can open a roll of 90's Lincolns and easily sell them for $4 to $8 each; at a show. Not so much online. But in person, you would be surprised at how well they sell. It surprises my customers when they hit $100 in no time at all. |
|
Bedrock of the Community
United States
10284 Posts |
That was an excellent write up jmkendall My take on it was if the coins you mentioned are not doing well right now, such as (some) classic commemoratives, 40's BU mercs. ( Don't pass up the post 35 MS64+ Buffalo nickels either.) Then those are the same that should be doing well in 10 or 15 years if bought today. If I'm wrong, at the current prices, there's no real downside to small investments like that. I have a lot of Jefferson nickels, the better ones too. I love the stinkers, I don't think they will be a great investment unless they have superb strikes and fantastic eye appeal in the highest grades. They'll have to jump right out and WOW you or they'll get passed over. If the nickels finally stop being minted, and the cents as well, there certainly will be enough of these modern coins around to fill every collectors needs... forever
Since it's turned into a slabbed coin hobby, I have been putting away silver MS69 modern commemorative coins. Most times the Unc mintages are a sizable fraction of the proofs too. Not all modern commemoratives are or will ever be popular but there are a few that have some attraction. They go cheap, much cheaper than MS70 yet really, often times there is no difference in the coins. People are buying plastic holders. I have seen quite a few PF70 and MS70 coins that MS69 coins beat the pants off them. I do not understand why some of these 1800's proof coins with 5000 give or take, mintage numbers are selling for such low prices. There are Proof V nickels and Shield nickels out there that you can buy for $500 - $1000 that are just beautiful. Some patterns are still affordable too. I think the day is coming where MS 64 Indian gold pieces will disappear as well. The 1793 Half Cent in VF or better may will double too in the next 10 or 15 years. Edited by TNG
07/21/2017 12:31 am
|
|
Pillar of the Community
 United States
1261 Posts |
Wow, thanks for the responses so far...that was more than I expected! Mike, I agree regarding Seated dollars. They are one of my favorite series. Thanks for that input. jmkendall, thanks for the update on the current coin market as you see it! I appreciate the run-down and think it will help other forum folks as well. NickelGuy, early proof coins have always been undervalued in my mind. I guess people don't collect them by series, otherwise, the demand would be greater? |
|
Rest in Peace
United States
17900 Posts |
The trends of collectors and how those trends are developing is indicative of a likely future. If you look at the registry trends with NGC or PCGS you can get some idea of the popularity of certain types and series. I now there is only a small percentage of collectors that have any interest in registry sets, or even any interest in slabs. But those many thousands of collectors that do wish to make numerically based comparisons of their collection to others can be better informed. Trends today help determine what comes next and the registry sets are at least helpful in that regard. Those registry sets show the ASE as the #1 most collected series. Next would be type sets, followed by the ever popular cents of all types,plus Buffalo, Mercury, Standing and Washington quarters, Walkers and Franklin, plus Morgan's, of course. Peace have dropped 20% in the last two years in the 61-64 range. If you can afford to spend $350 on a 21 Peace, avoiding ugly toning, that is a good bet. Both Peace and type collectors need a 21. The older sets are collected by type collectors today. You have to search hard for folks trying to build sets of Bust, Seated, or Barbers. Many of the keys and semi-keys have lost some percentage as compared those in the same series purchased strictly for type sets. If someone had 10 million to spend, a small amount for some whales, they could buy every high end Classic Silver Commemorative that became available for the next several years. After acquiring that inventory, and the top auction houses would notice those infusions, a little advertising for those series would easily help command a collector base. Nothing is more under priced than CSC. Because many of the series had mintage under 10,000 and only have a few hundred examples in the top two grade tiers, it would only take a small number of collectors to begin to push the values. Plus, artistically speaking, many of those 50 types have the most beautiful (California, Oregon), weirdest (Hudson obverse), most detailed (Texas) and interesting examples of our entire US coinage history. |
|
Pillar of the Community
United Kingdom
2624 Posts |
Well lots of mention of American coins... and there is demand there so that seems reasonable but what about certain bluechip ancient coins? Coins that have both low supply and high demand... Athenian owls and Aegina staters and the like? Hard to see these falling away in value IMO.
|
|
Pillar of the Community
Norway
1358 Posts |
If the intention was to just discuss American coins, then please don't put it in the main coin forum. Here's my opinion.
I recently noticed that Norwegian hybrid denomination coins (skilling and krone) from 1874 and 1875 are going up rapidly. The same goes for a few other one year types with limited mintage, like the 1907 2 kroner border watch. It's also almost impossible to get hold of a nice 1 or 2 kroner from the Oscar II era for a decent price. The problem here is that a large company, very aggressive in sales tactics and always cleaning all coins until they die, is buying them to resell the cleaned coins at absurd premiums to non-collectors who think they made the deal of a lifetime.
For Dutch coins, I guess the 1892-1897 and 1898 10 gulden will go crazy, as there's apparently a sudden increase in popularity with those. The same goes for very rare coins. We recently saw the record for most expensive Dutch coin broken a few times, and not just with baby steps. Especially coins with a mintage of just 2 and 3 pieces for a specific year and one year types with low mintage will probably go up quite a bit.
However, for the long term, I think what's most important will be how popular this hobby remains and what the precious metal markets do. If this hobby goes the same way as stamps in the next 15 to 20 years, then I think no coin, except perhaps really high end ones, will increase in value, unless the PM markets get even more overheated than they are today. In that case the metal value will surpass the current numismatic value for a bunch of coins.
|
|
Moderator
 United States
188213 Posts |
Excellent commentary here.  I guess those two Seated dollar holes in my 7070 are not going to get cheaper any time soon.  |
|
Bedrock of the Community
Australia
21786 Posts |
Old saying in the coin dealing business:
'Rare coins get rarer, common coins stay common.'
That has always been the price trend with near unique material at leading public auctions.
For expensive coins like MS65 and better double eagles, due diligence is needed. Prices DO vary each way. Study those trends and make up your mind before buying.
|
|
Pillar of the Community
United States
1261 Posts |
Thanks everyone for the replies. I posted in this forum intentionally because I thought it would be interesting to get different perspectives besides just US coins. |
|
Moderator
United States
188213 Posts |
Quote:I posted in this forum intentionally because I thought it would be interesting to get different perspectives besides just US coins. No problem, I think it was the right call.  |
|
Valued Member
United States
467 Posts |
There are a fare number of people that also collect government bullion series. Have to know what your doing, but Pandas(gold and silver), Koalas, Kookaburras, are depressed right now. The latter 2 are tied to spot slightly, but not completely, older Pandas not so much.
Regarding the Pandas on how the market can fluctuate. Bought a 2002 1/10oz gold panda for $100.00. In the next 24 mo I sold it for $1600.00. Not the norm, but that market can get insane very fast.
|
|
Pillar of the Community
5464 Posts |
sel_69l, There's an old saying in my world: If I had to make a living out of collecting, dealing, trading, investing or grading coins......I would have starved a long time ago.  |
| |
Replies: 18 / Views: 9,922 |
Posted 07/20/2017 8:47 pm
