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 Replies: 16 / Views: 3,050 |
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New Member
United Kingdom
12 Posts |
I have recently started reading about the Morgan dollars and vams and seem kind of confused as I want to purchase 1 or 2 coins mainly for investment but as there are many mints and different types of vams I dont have a clue.  i have checked a few websites like APMEX but not sure if I'm getting bumped as I'm a complete noob  . I dont really trust ebay as I have heard of fakes etc. Would appreciate for some input would like to spend around $5000 dollars any ideas I dont mind spending it on one coin. Thanks *** Edited by Staff to clarify topic title. Titles are important! *** |
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Pillar of the Community
United States
709 Posts |
Buying coins for investment is something I would recommend only to an advanced collector. If you do not meet that criteria, purchase gold bullion.
If you want to purchase VAMs for investment purposes, you will be sorely disappointed in the results when your coins will be sold. It is a specialized market geared for the advanced collector.
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New Member
 United Kingdom
12 Posts |
i have already invested in gold bullion, I heard that the annual return on coins with a numismatic value is higher. but Thanks for the info
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Valued Member
United States
123 Posts |
3 words. Silver,Silver,Silver.
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Pillar of the Community
United States
709 Posts |
I had a dealer tell me some sage advise once. If you want to be a complete collector, learn to grade accurately, sell a few of your coins and compare notes on what you bought them for relative to what you sold them for. Don't hoard or be an accumulator. That isn't collecting. Stay focused on the task at hand.
Edited by Ozland
11/28/2010 11:50 pm
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Pillar of the Community
United States
5820 Posts |
Good advice Ozland!
Its better to stick with a series you really enjoy and appreciates.
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Moderator
 United States
23522 Posts |
Quote:
i have already invested in gold bullion, I heard that the annual return on coins with a numismatic value is higher. This is not a reliable statement. |
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New Member
United Kingdom
12 Posts |
so you think that investing in some numismatic coins doesn't give a higher annual return in comparison to gold bullion
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Pillar of the Community
United States
709 Posts |
When dealing with investment coins, never purchase raw coins. Always choose a top tier third party grading company such as PCGS or NGC. ANACS and ICG are considered top tier as well. Purchase from a reliable dealer. Make sure the third party grading company slab is not counterfeit. Due your due diligence and have a second opinion from another trusted source. Make sure what you are purchasing fits within your investment goals.
I had three years in British schools and I can still sing "God save the queen".
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Bedrock of the Community
United States
14454 Posts |
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o you think that investing in some numismatic coins doesn't give a higher annual return in comparison to gold bullion the only way you can get a good return on numismatics is if you have the knowledge to see something everyone else doesn't and even then its hit an miss because it has to be something that if they had noticed they would be very interested in |
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Valued Member
United States
451 Posts |
I would suggest taking time and reading about the Morgans before buying them. I would suggest this book http://www.amazon.com/Guide-Book-Mo...p/0794819435If you don't care to know about the coins and just want to make an investment, try to get a list of coins and prices from a expert numismatist friend and use it as a baseline to buy graded coins or even better if you could convince your friend to buy it for you :) |
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New Member
United Kingdom
12 Posts |
Thanks guys, I just bought the bed book so will do abit more reading before anything else, I dont think I will get into vams right now. might purchase a rare morgan 1893-S PCGS vg25, or 1901 ms 62 ngc?, or 1881 pr65 ngc. Morgan dollars |
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Pillar of the Community
3660 Posts |
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so you think that investing in some numismatic coins doesn't give a higher annual return in comparison to gold bullion Oh Heavens no....stick with the gold....however, if you feel compelled to buy a Morgan, it seems to me that the wisest choice would be to opt for condition over rarity. For a whole lot less than $5k, you could buy a common year MS-66 DMPL (Deep Mirror Proof Like) Morgan, which I am inclined to believe would appreciate in value at a greater rate than a rare dated coin in only Fine or Very Fine condition....I am not experienced with this sort of speculation, but this is what I gather from what I have picked up here and there....Condition is everything, and the letters DMPL on a plastic holder are the most coveted letters of all. Buy that DMPL graded coin (if you must), and spend the 4k+ that you have left over on the real investment....(gold). |
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Valued Member
United States
327 Posts |
I still like silver and morgans are just so attractive today. Silver up 50% also since August is a plus.
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Pillar of the Community
 United States
1551 Posts |
The Red Book is (NOT) the price guild to use as it is always out dated by the time it hits the market. Kind of like buying a stock based on the P/E from last year. |
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New Member
United Kingdom
12 Posts |
so how can one know the value of his/her coins?
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Replies: 16 / Views: 3,050 |
Posted 11/28/2010 6:46 pm
