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 Replies: 26 / Views: 7,314 |
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Valued Member
United States
108 Posts |
Up till now I have mainly been just a bullion investor. I was thinking about investing on some nice older coins primarily for investment purposes. (primary purpose is for potential resale in about 20 years, not as a collector or pass to kids) I thought of getting a well graded Morgan dollar and/or some other coins. If possible would like to get a few good quality coins. My budget is around $500. Need some recommendations on what grades/prices of the Morgans I should look for. Also if there are any other coins that I should consider. Thanks. |
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Pillar of the Community
United States
3076 Posts |
Key and Semi Key coins have been recommended before,
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Pillar of the Community
United States
1534 Posts |
A nice high end 66 or 67 would be nice. The most important thing is to educate yourself on grading, and learn more about the series. Most investors lose money due to a lack of research and knowledge about numismatics.
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Valued Member
 United States
108 Posts |
Where can I find information on the series and mint?
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Pillar of the Community
United States
1534 Posts |
I meant it in general, i.e reading all you can about potentially good investment coins. My apologies if you've already done that. And many members here buy classic gold, a nice $5 Liberty Half Eagle would be my choice if I had $500 to spend. |
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Pillar of the Community
United States
3076 Posts |
http://www.pcgs.com/books/silver-dollars/ I a great book which can be read online at the PCGS website, I haven't read it all and don't think it lists grades and prices, but it does have a lot of great information, as for, The PGCS price guide does have a link when in the guide window, click on the number to the left of the date and MM and they have a guestimate of surviving numbers of those coins. and values per grade......as far as grading books go, of the 4 I have they only go to UNC and the pictures suck...No one wants to give Picture examples of MS coins, so you have to pay the money...Definitions of grade assignments are given but you really have to study "Graded examples" to figure when the grade levels are, and even that's "VERY" subjective. The grading section on CCF is a good place to start where many ask what there opinion is, and they usually give the reason for the yea's or nea's.... WE ARE NOT GRADERS, but it helps to give you IDeas on what to look for in a coin and how it effects the grade....A good honest seller(not that they are all corupt) can give you some ideas of what you might study up on....
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Valued Member
United States
108 Posts |
Thanks for the information. Wikipedia has lots of info on the years and mintage. Some may not like the site, but it really helped me paint a picture on which one ought to be valued more then the other. Going to the local coin shop tomorrow and see how it goes.
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Pillar of the Community
United States
3076 Posts |
Good luck! let us know what you find...
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Valued Member
United States
281 Posts |
Stick to bullion. It is rare to make money with coins from an investment point of view.
Gary
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Valued Member
United States
60 Posts |
Stick with 90% junk silver for it's silver value. Morgans would be great! Get good specimans (UNC, key dates, etc.) Good Luck!  |
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Pillar of the Community
United States
3076 Posts |
I'm not rich so I can't speak for the bullion idea, however its very much like stocks and bonds, they go up and down, and metals are no different, Over the long term coins have only gone up in value, I'm speaking of what I could of bought coins for in the 60's and what
i have to pay for them today.....the price of bullion is based upon the economy....appreciate or deflate over the long term it depends upon the bull or bear market, and for and example,, 1n 1976 hamberger(we are talking the rate of inflation now or value of things then and what they could be today) was about 75 cents a pound, with a 4% inflation projected growth ion the year 2,000 hamberger would be about $190 per pound.....certain coins have held there value and continued to appreciate, MS 65 and up, and key and semi keys are the best investment.....
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Pillar of the Community
United States
3294 Posts |
Not true in all cases aladin. The 1950D nickel used to be quite valuable, $50+ in AU, but not any more. Also, it is not enough for a coin to go up in value, it has to go up faster then inflation. So a hypothetical coin bought in 1950 for say $10, would need to be worth more then $100 today in order for you to have "made money". Some coins do this, a lot of them do not.
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Valued Member
United States
108 Posts |
I guess this circles back to my original question.
I understand that no1 can conclusively say that the value of coin will go up, but on the same token, someone who is well informed about Numismatics can provide an educated direction on what specifics would be a favorable investment. (I understand that other investments may be smarter, but buy buying numismatics, I can learn to enjoy the hobby!)
I am not rich, but I have always saved up and bought quality items. I don't want a coin that everyone has, but then again I can't afford to buy the super rare coins that, in my opinion, are not very liquid to begin with. Hence I pose the question, what are some coins, even if not Morgans, that have collectors value, and have a better chance in value increase? Simultaneously, the coin ought to be one that I can quickly liquidate. After some reading I was thinking maybe $70-$170 a coin seems like a good range.
I'll post this in another section too,
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Bedrock of the Community
United States
17884 Posts |
Quote:
1n 1976 hamberger(we are talking the rate of inflation now or value of things then and what they could be today) was about 75 cents a pound, with a 4% inflation projected growth ion the year 2,000 hamberger would be about $190 per pound..... 75 cents in 1960 to 2000 at 4% per year compounded would make Hamburger $3.46 per pound. |
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Pillar of the Community
United States
528 Posts |
I agree with Gary, junk silver coin or silver bullion is the way to go.
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Valued Member
United States
108 Posts |
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Replies: 26 / Views: 7,314 |
Posted 07/20/2010 8:36 pm
