Collecting/Ultimate Investment Strategy

From what you indicate, you are into long term high value coin investing, with a distant horizon.

With that distance in mind, it would be hard to predict with a high degree of accuracy, which category of your coins will perform best over the investment period.

Old adage in coin investing:
The rare coins get rarer, the common coins stay common.

They should all perform reasonably well from an investment point of view, but perhaps the CC Morgans best of all. That also is where your best knowledge and heart happens to be.

Sell the non CC Morgans if you have to, but keep them all, if you can.

Thank you Sel_691. Great feedback and absolutely agree with the old adage

Coins are indeed an investment vehicle should one decide to use them as such. Have made stellar returns over a six month horizon on them. Point I am trying to make here is short term vs long term plus factoring in the collecting factor (CC Morgan's in my case). Latter is what I intend to hold, enhance and admire for years. But thanks for feedback.

@Shaf2b, I am glad that you have done well with this. For me, quite some time ago I gave up trying to to make anything with coins. I must lack either knowledge or interest. For me looking it as primarily a form of entertainment/ education keeps me from worrying about the financial aspect.

Of course there will be some value in the end and of course I do keep an eye out for value and the opportunity to make some small profits on some items, but that does not even come close to covering my entire costs.

I guess that I am a collector at heart and get things because I want to keep them.

I have only been collecting for a short period, but have quickly realized that this is a hobby not an investment plan. Maybe the bullion aspect, but really that can be achieved through investing in commodities and precious metal stocks&bonds and extremely more secure then having all the gold and silver in a safe in your basement.
Yes, there are items that another investor will pay up for, but the investors that have the means or willingness are hard to come by and my projection even harder to come by in the future. The older generations have already started liquidating there collections and the market has already started to be flooded with coins and bank notes. Yes, the rare ones are still hard to find, but again the amounts to be paid make them hard to obtain.
As a hobby, its probably the best in the sense you will never loss your investment. You will defiantly be able to sell your collections for near or slightly above investment cost.
I love fishing and in this hobby, I spend hundreds if not thousands of dollars on gear that one day will be worthless, so in this aspect coin collecting ranks at the top.

My views

Great comments, thoughts and advice. I agree - there is a lot of liquidation going on, and market is being flooded with old generation collections. Will stick with the CC sets, hold off with other Morgans and bullion for the time being. May start an African gold set - some coins from this region are pretty cool

The higher value per coin in your collection the more likely that you will receive a percentage of your purchasing price back at sale time.

That means increasing the percentage of nice items you own and selling lessor value items, even at a loss.

Regardless of the selling avenue your collection may follow the better average value per coin, the better will be the percentage that they will sell for.

Prob.

Coins have proven a tremendous investment for me over a long life time. I made mistakes, took my losses, got serious about it, studied different series intently, learned to grade, worked in a coin store and always bought the best and most attractive coins I could find. It has def. worked.