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 Replies: 18 / Views: 2,741 |
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New Member
United States
3 Posts |
I'm retired Air Force and I would like to start to coin collecting. I did it as a kid but it's been many years since my last purchase. I have been looking for current information on present day coin collecting and came across this site. Looks like I have much reading in front of me. My goal is to compliment my other investments with some nice valued coins. I know absolutely nothing about today's coin collecting but am determined in learning and buying. My big interest is Silver Dollars, especially sets. I'm sure I will be asking many questions and look forward to learning from all of you through this website.
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Pillar of the Community
United States
2797 Posts |
 Small World! I'm also retired USAF, living in the heartland and obsessed with large silver disks.  |
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Pillar of the Community
Canada
2781 Posts |
numista.com will help you to sort and research, ebay.com , advanced search "sold items" , will give the most accurate real world values. if you are looking for investments I don't know if I would normally suggest coins... they seem to keep pace with inflation, but won't necessarily net a profit unless you are an extremely patient and disciplined in your buying. current health situation may mean some deals are out there, but you're counting on the economy recovering before they would yield anything |
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New Member
 United States
3 Posts |
Thanks for your suggestions. I guess what I'm trying to do is get some nice collections for the grandkids down the road. I would like to turn a profit but I'm more interested in buying and collecting (not buy-sell-buy). I look forward to learning here, ie where is best place to buy, how to purchase collections, etc.
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New Member
United States
3 Posts |
I retired in Missouri Seated Nut. It is indeed a strange world
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Pillar of the Community
United States
2797 Posts |
I'm across the river from St Louis (metro-east). Retired from Scott AFB.
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New Member
United States
3 Posts |
Whiteman AFB here. Ok so here comes my first question. I'm trying to find which forum this would be best asked. I'm real interested in acquiring the full Morgan and Peace collection with higher end ratings. I saw this set on a Bradford mailing. Please don't laugh or punish but I just am trying to explain what I'm looking for. I realize there are probably many options to look at so if someone could point me in the direction I should go, if this is not the correct place to ask, I would be very appreciative. If this forum is ok for getting info, even better.
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Pillar of the Community
Canada
2571 Posts |
to CCF Quote:
if you are looking for investments I don't know if I would normally suggest coins.  with "Wade" & I've been collecting currency for about 40 years. I have bought two collections & made a very minor profit from some of these acquisitions. It's very tough to make money but it can be done (takes a lot of patience/perseverance). The biggest challenge is grading (even getting incorrectly graded banknotes from TPG holders). My best opportunities for turning a profit are from bundle/brick searches (& finding rare serial numbers) but even these profits will be slim due to a)TPG costs (making the note easier to sell down the road or b) selling costs (on eBay/auctions). Also, like many investments, there must be a healthy economy for resale- otherwise it's better just to hold onto your collection. Anyway, "Welcome" and check out numista (& other sites) if you wish to get into the hobby deep!  As far as your recent question, post it in the US coins forum: http://goccf.com/f/126Edited by walk2dwater
07/02/2020 10:06 pm
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Pillar of the Community
United States
2797 Posts |
I wouldn't make any substantial purchase until you've done your homework and I wouldn't consider any offering from the Bradford as a sound investment. Stick around, ask questions, and seek opinions before leaping. I wish I had this advice back in the early 80's when I got into it in a big way. BTW you're gonna love the ride!
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Pillar of the Community
United States
7008 Posts |
...read...read..read and then read some more before buying...I've made some errors  in buying to early before "reading" the book |
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Pillar of the Community
United States
5202 Posts |
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Moderator
 United States
187893 Posts |
to the Community! |
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New Member
United States
3 Posts |
Thank you everybody for sound advice. Bradford isn't in my vocabulary. I guess I didn't explain correctly in my post above on what I want from my collections.
Being new to this I'm quite limited in coin terms. What is bundle/brick searches. Going to coin shops? I'm more interested in coins as a collections. A profit isn't necessary but neither is a high loss like buying from Bradford.
We don't have coin stores in my small town. Is there other suggestions where to look. I checked site recommended but didn't see what I was looking for.
Again thanks for solid advice
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Pillar of the Community
Canada
2571 Posts |
Quote:
We don't have coin stores in my small town. Is there other suggestions where to look. I checked site recommended but didn't see what I was looking for. I feel LCS (Local Coin Shops) are a bit pricey but others will swear by them (because they establish a relationship & learn loads). I would still suggest you take Wade's advice by checking the prices met on ebay. You can't get a better indicator of world FMV (Fair Market Value) IMO. However, not sure what's happening with coins but as far as banknotes go, market seems pretty hot right now. I'd wait till it cools down. Seems like with the pandemic a lot of people have time on their hands (& possibly new blood/additional newbie collectors). Go through your change & start grading coins by what you've learned online. One of the most important skills you need to learn is how to grade (you cannot assume others will be doing it for you/nor trust the slab/TPG). I understand you live in a small town but if there's ever a show that opens again in the nearest big city- I would recommend you attend that. Shows are great places to pick up supplies (at competitive prices) & meet like-minded collectors. Good luck! |
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New Member
United States
3 Posts |
Thank you everyone. I'm researching everything I can. There are many interesting articles out there
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Replies: 18 / Views: 2,741 |
Posted 07/02/2020 9:04 pm
