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 Replies: 23 / Views: 2,822 |
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Valued Member
United States
80 Posts |
Next month our bonuses get paid and it is burning a hole in my pocket. I would like to buy a few nice select coins. I am looking for ideas, my budget is small, $3000 to $5000 after I pay off a few small bills and prepay a vacation or two. I could always go towards gold which is an obvious pick. Buying bullion Silver just isn't fun, but probably a good idea. I was thinking of completing a few modern sets. Of course I have a start on everything. Some I just have to buy Dansco albums for, which I intend to do. I could maybe buy most of the modern commemorative coins that I don't have but that doesn't sound like an investment opportunity. Neat but not savvy. I could try to complete my Lincoln Cent dansco but of course I need the 1909 vdb s, the 1909 s, 1914 d etc. My question here is although they are the key dates, are the prices over inflated because of all the attention on Lincoln cents right now? Neat to have all of them but is it the right time to buy? I am collecting for my kids so I am open to things that have potential for increased value in say 20 to 40 years. So give me some ideas, I prefer nicer coins, as in I am not really interested in a G4 or AG collection of Barbers or Liberty nickels if you know what I mean. I also understand it is not a lot of money and it won't get me much in the way of key date coins. I don't have the 50 posts to buy here so I am not looking for offers, just your ideas. I know it is not an easy question, but give me your opinion on sleepers or just tell me what you would do. I like everything so just fire away, don't be shy. Thanks, Tim |
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Valued Member
United States
369 Posts |
Well, all I can say is what I would do with it. Ummm, hmmm, let's see. I would definately buy some gold, since I don't have any. I would put together a Dansco for Silver Eagles. (Currently working on this myself, slowly) 1986-date. I think it's a beautiful set, and it's all silver! I might buy the gold page for my 7070 type set and work on that. If you don't have one, maybe start a type set. That way you get some of everything, you can get key dates if you want, or high grade commons. As far as sleeper coins, I would go with high grades and/or key dates, like you said. Tough question. I'd have to sit on it til a coin show came around, and then just shop around and pick some nice things out.
Oh yeah, personally, I'd get some early proof sets. I started at 1964 and started working back. I have back to 1959, so I would start with a 1958 proof set. Then finish the silver eagles, then get a little gold, then use the rest to make a nice set of your favorite coin design.
I'm sure someone here will say "buy $3000-$5000 worth of half dollars from the bank." lol Which, actually, would not be bad, assuming you get some silver. :)
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Valued Member
United States
369 Posts |
Or how bout this: Take half of it and buy what you NEED, like gold, silver, etc. And take the other half and buy what you WANT, like modern sets, Danscos, key dates, commems, etc.
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Pillar of the Community
Canada
1248 Posts |
buy Canadian and Newfoundland coins in AU 58 and better.. specially Key dates
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Bedrock of the Community
United States
19935 Posts |
Go for the Lincolns, they are ALWAYS hot, especially the key dates. I'd take that money and buy all the key Lincolns in holders. That way, if you ever wanted to complete the set, it'd be easy.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
625 Posts |
Buy the 1909 S VDB. You wont regret it.
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Moderator
 United States
187914 Posts |
Quote:I could try to complete my Lincoln Cent dansco but of course I need the 1909 vdb s, the 1909 s, 1914 d etc. This would be my recommendation! I am biased since this is the Dansco album that I want to complete now (I need the 1909-S VDB, 1914-D, and 1922-D plain). Quote:
My question here is although they are the key dates, are the prices over inflated because of all the attention on Lincoln cents right now? Neat to have all of them but is it the right time to buy? I can see the prices holding level after the "2009 hype" settles, but I do not see them going down (if they do it will not be by much and will only go back up again). |
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Valued Member
United States
419 Posts |
Quote:
my budget is small, $3000 to $5000 Amazing how "small" is a relative term! That would be a huge budget for me. I would say go with nice AU to MS type coins...:) |
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Pillar of the Community
United States
588 Posts |
MY MOTTO IN COIN COLLECTING IS QUALITY OVER QUANTITY, AND ITS VERY USEFUL!
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Pillar of the Community
United States
1083 Posts |
When I had a similar windfall, I bought slabbed 09 S VDB in AU53 and 14-D Lincoln in VF30 to finish my Dansco 7100. Since that purchase the price of both coins has gone up about 25% in two years time. I cracked mine out, but I probably wouldn't recommend that.
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Pillar of the Community
United States
505 Posts |
soldier4Christ....You beat me to it,my budget is about 20 bucks a month...LOL
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Moderator
United States
23731 Posts |
That's a nice size bonus. If it were me I would spend the money on Cap Bust Half Dollars in EF and above, and on Morgan silver dollars in MS-65. You can get some nice coins for that money. |
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Pillar of the Community
United States
588 Posts |
i would go to the bank and get pennies on those money
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Pillar of the Community
United States
1840 Posts |
What's a bonus?
I say come to the dark side. That type of cash would fund a nice start to a collection of coins from the German States.
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Bedrock of the Community
United States
20753 Posts |
Quote:I could try to complete my Lincoln Cent dansco but of course I need the 1909 vdb s, the 1909 s, 1914 d etc. My question here is although they are the key dates, are the prices over inflated because of all the attention on Lincoln cents right now? Neat to have all of them but is it the right time to buy? I am collecting for my kids so I am open to things that have potential for increased value in say 20 to 40 years. Yes all the Lincoln Cents have had their prices greatly inflated due to this latest nuttyness of the Mint. Now there are 20 different 2009 Lincoln Cents for your Album. And those are already selling for way more than they are worth. Of course without all 20, your Album is just not complete and the Mint knows that. Eventually if the Mint doesn't do something else to help inflate Lincoln Cents, those would really be the best thing for your kids. Don't know how old your kids are but if old enough to appreciate collecting coins, you may want to just ask them what they want. Or put the money aside for when they are old enough to make that decision. As a starter you may want to buy them a Red Book by Whitman Publishing and a few other coin books so they can get an idea of what THEY want. Other than that you should always remember if you take the advice of someone on what to do with your money and it turns out all wrong, you will spend a lot of time in your life blaming them and yourself for listening to them. My advise is to do what YOU want with your money. If it's coins, also get a few books and look up what you like. If still undecided, go to a coin show, coin store, etc and look what is available. Of course there is a really simple thing here that will eliminate your problem. SEND ME THAT MONEY.   |
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Valued Member
United States
258 Posts |
I have the solution! Buy 200 boxes of pennies.  That is a grand total of 500,000 coins to play with which should keep you busy for a day or two..... It gives you an opportunity to buy copper pennies worth Two Cents for a single penny each. That protects you from inflation and gives you your upside potential for profit. Additionally you will have countless chances of finding a lot of wheat pennies and I suspect even a few indian heads. Additionally you will get a lot of choice bu coins in both copper and zinc. The only problems? Finding a bank to sell them to you and storage and weight once you have bought them...  Sincerely, John Leckrone Edited by 925dealer
01/07/2010 7:18 pm
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Replies: 23 / Views: 2,822 |
Posted 01/07/2010 02:45 am
