What Single $10k-$50k Coin Would You Buy As Hobby And For Potential Price Appreciation At Same Time? - Page 3

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Author	Replies: 37 / Views: 1,674	Page: of 3

jbuck Moderator United States 189340 Posts	Posted 04/30/2024 4:36 pm Quote: Yours may be a hypothetical question, but you can get some great ideas at the website of one of the CCF members: https://fairfaxcoins.com/ Oh my! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
NJcoppers Valued Member United States 184 Posts	Posted 04/30/2024 4:54 pm Thank you @halfamind for the tip. Although have not heard about Fairfax Coins, I am actually only about 35 mins drive away! Edited by NJcoppers 05/01/2024 01:23 am Report this Post to the Staff
Tacc Pillar of the Community United States 3535 Posts	Posted 04/30/2024 9:46 pm I lived in Fairfax City, VA for 33 years. Fairfax Coins is a really nice high end coin shop, been there many times. Report this Post to the Staff
NJcoppers Valued Member United States 184 Posts	Posted 05/01/2024 6:44 pm Thank you all for the excellent inputs! I need to educate myself more on the suggested options, and US coins in general. Being frugal, whatever I decide to purchase, will probably try to bid on a reputable auction with hopes of getting a discounted price. Obviously, will not be a "signature coin" that has all the bidding attention on (under $50K it's unlikely to be one anyway), but some much lesser key date or grade coin. The Nixon presentation Ike dollar is very interesting, but since it's provenance (as far as I know) is not yet verified, I do not know of the current price reflects that. Seems like a lottery, which ever way it turns out (if ever). @Tacc I am in Alexandria, VA. There is a coin shop near Main st, Fairfax that I visited a couple of times with a NJ copper question. So first I thought that's the one, but it seems this "Fairfax Coins" is in Manassas and they only work on appointments. So will keep them in mind because one can look at the coins in person if deciding the purchase. Chain cents are my current favorites as far as looks, but I am worried about the copper degrading if not stored correctly. I do not have a serious storage setup, and who wants to have to have it stored elsewhere where you cannot look at it when you want to? So most likely will look for silver or gold, unless some great bargain shows up. The Meiji coins is certainly one interesting path to explore as their price-to-rarity ratio seems much lower than US coins'. There was also a coin dealer online who talked about 1872cc, 1885s, 1880, 1879 dimes as relative "sleepers" because of mintage and survival ratio/grade...which may need further exploring. The part of the fun in the purchase is the "hunt"! A great way to learn along the way... Edited by NJcoppers 05/01/2024 6:49 pm Report this Post to the Staff
panzaldi Bedrock of the Community United States 18696 Posts	Posted 05/11/2024 08:58 am if I had up to 50K I would invest it like suggested in an index fund. if I had 50k to blow on a coin I would choose a US coin only because I think it would be an easier sale down the road. I agree with a CAC beaned coin. i would do a lot of work investigating 10 year values of a couple select series. I would not buy anything modern as they are too risky and do not have a long enough track record. it could also come down to personal taste as to the series. I love old copper and old gold. I would look at a couple of the larger auction sites like stacks or heritage. I think heritage gets more high end stuff. a 1793 flowing hair chain amer. comes to mind. a certified mid VF coin can be found in the $40-50k range but any of the chains would be on my list any coin regardless of which one is always a crap shoot when looking at a long term timeline. you have no idea what the market will look like in 10 yrs Report this Post to the Staff
tdziemia Pillar of the Community United States 7958 Posts	Posted 05/11/2024 3:32 pm OK, I'll bite. It would be something like this: https://www.numisbids.com/n.php?lot...lot&sid=6131 It would fill two gaps in my collection: 1. I don't have any Kingdom of Poland gold 2. I don't have any coin from this ruler in my Poland OFER because he only struck thalers, half thalers and gold, none of which sells below 4 figures. On top of that, it woukd be my first city view coin. Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36844 Posts	Posted 05/15/2024 12:23 pm I would go for safety in these upside down economic times, ASE's and other sovereign 1 ounce silver coins. Report this Post to the Staff
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