Common Coins From The US Mint - Coin Community Forum

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Author	Replies: 8 / Views: 1,528
bparsons1 New Member United States 3 Posts	Posted 12/19/2017 09:42 am Here is an open question that I could use some sound advice on. I have been buying rolls and bags from the U.S. Mint for a years, hoping an error or low mintage would "bag" me some extra funds later. I am running low on space in my safe due to these face value items. They are still in the OGP, but I am not seeing the value of keeping them any longer. My question, is it worth it to keep these coins or take them to the bank for face value and invest in other coins. Thanks for the help. Report this Post to the Staff

moxking Rest in Peace United States 17900 Posts	Posted 12/19/2017 10:20 am If you have any "perfect" examples in MS-68 or better, those are worth keeping - but only the super duper best. Bank the rest. Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 12/19/2017 10:39 am to CCF. Generally speaking and over all answer is, take them to the bank or sell in lots on the bay. IMHO. John1 Report this Post to the Staff
cladking Pillar of the Community United States 2271 Posts	Posted 12/19/2017 11:10 am Quote: Here is an open question that I could use some sound advice on. I have been buying rolls and bags from the U.S. Mint for a years, hoping an error or low mintage would "bag" me some extra funds later. I am running low on space in my safe due to these face value items. They are still in the OGP, but I am not seeing the value of keeping them any longer. My question, is it worth it to keep these coins or take them to the bank for face value and invest in other coins. Thanks for the help. I'd be very careful about getting rid of these. Of course a lot depends on the specific items but I'd be very hesitant to get rid of anything except culls and poorly made stuff. Not much issued for circulation is completely overlooked now days but the mint issues are often little different. As a rule I doubt OGP will bring a lot of premium in the long run but in the short run it often will. Most importantly just don't get rid of anything scarce and Gem and try not to get rid of any Gems at all. You can consider storing some of the less desirable items in a separate location with less security. Older clad has suffered tremendous attrition so is often scarce but newer clad was often made in far fewer numbers so can also be scarce. Time don't fly, it bounds and leaps. Report this Post to the Staff
Crazyb0 Rest in Peace 10197 Posts	Posted 12/19/2017 12:50 pm The venture market of hopeful errors. As in any venture capital are risks of a blow-out, a zonk, a big nothing much. There are countless minor(very minimal) doubling and RPMs on coins of the new millennium(say 1996 on) but one has to be their own judge as to what eventual profit. Personally, none for me. The time, space and capital is better spent elsewhere in the current miserable fare of the US Mutt! The current rise of interest in error coins IMHO is nothing more than a passing fad. Playing on the human propensity to get something for nothing, this usually ends in rapid disappointment and complete disinterest in numismatics afterward. The "rewards" are really just not there. There is no "real" market for minor errors, a slight one now, but dwindling as the OP has noted himself, and is now questioning the decision. To keep 5000 is probably not wise. A few hundred, stored correctly in twenty years may see a profit, (check greyshet on 1980's stinkin zincolns) but the rush for them newfangled designs, too many have jumped on that wagon, in twenty the market will be way over saturated, meaning a very low rate of return. I'd opt for other areas. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 12/19/2017 1:35 pm to the CCF! Report this Post to the Staff
nfine Pillar of the Community United States 3469 Posts	Posted 12/19/2017 1:47 pm Sell them. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 12/19/2017 4:44 pm My safe is tiny, therefore, I only keep those coins in it that have a potential value of over about $200 each. 95% of my collection has to stay outside of my safe anyway, because it is a living, working collection. Keep the highest value coins in your safe only. If you are a silver stasher, you may well need a bigger safe. If you are a CRH'er, you are probably better off disposing all of your coins that have a potential nominal value of less that a dollar each, because when you finally have to dispose of them, it will be difficult to find a buyer than can make a profit on them for himself. I agree with the idea of culling. Sell off job lots of low value coins, and return the lowest value coins back to the bank. Report this Post to the Staff
bparsons1 New Member United States 3 Posts	Posted 12/20/2017 07:48 am Great inputs! Thanks for everone's reply and advice. Report this Post to the Staff
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