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 Replies: 20 / Views: 2,783 |
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Valued Member
United States
286 Posts |
Hey, I have been wondering for some time what are some good coins to invest in while not breaking the bank in my case I'm looking for coins that will appreciate in value and cost around 500 dollars or so. Decided that it would be better to spend my money that will last as opposed to video games or expensive car mods  any advice is welcome, thanks! |
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Moderator
 United States
16677 Posts |
Welcome! Well, I would recommend an AG3 certified by PCGS or NGC 1916-D Mercury dime although, it would be a little more than $500. Your looking at about $700-800 for an example. Do you want multiple coins, or like I stated, one "big" one? swcoin.ecrater.com
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Valued Member
 United States
286 Posts |
i am willing to buy more than one I plan on sitting on them for a while.
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Pillar of the Community
Australia
3831 Posts |
Chinese coins if and only if you know what you are looking at. Prices just shot up in the last 3 months and it's not funny.
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Valued Member
United States
286 Posts |
where can I find information on chinese coins?
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Pillar of the Community
United States
3278 Posts |
The only reason you want information on chinese coins should be So you can avoid them! Invest in key coins in popular series and high grade old coins. Or high grade keys  |
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Bedrock of the Community
Australia
21786 Posts |
I was buying Chinese cash coins thirty years ago, when few people were interested in them. I have most dynasties and emperors. It all started when received a copy of Schjoth. I used to troll through dealers junk boxes and buy them typically for 20c. I considered that they must be all genuine, because who would bother to forge these coins, when at the time, the genuine ones cost so little? I have 200 or so.
I do not think that they are good to buy now, because of the huge amounts of forged coins coming out of China, and I haven't the skill to pick a current forgery. Not in cast cash coins, anyway.
For something to invest in, develop an expertise in the area of numismatics that you are interested in. Best to invest in an area you understand, rather than an area in which you have little knowledge. The share market is the same way.
Edited by sel_69l
12/06/2010 02:31 am
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Pillar of the Community
United States
6326 Posts |
For the most part, American Classic coinage tends to hold it's prices very well. Meaning, it's not usually the "roller coaster ride" of price values that affect Modern Gold/Silver coinage. Most "Key Date" coins annual value, doesn't have anything to do with "spot prices" on any particular day. So, "investing" in these would be a "safer" bet, in my opinion. You're just less likely to "lose" much money, in the long run, by holding on to some "key date" coins. By retaining their value, and still potentially rising in value over years, it's just the wiser move. And you can pick up a RedBook, to see what all the key dates (and semi-key dates) are in ALL of the different denominations. |
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Valued Member
United States
286 Posts |
Thanks for the info Much appreciated!
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Bedrock of the Community
United States
20753 Posts |
If anyone knew what coin, what stock, what car, etc to invest in, they sure wouldn't tell you. And even asking that is kind of funny since if anyone did know what to invest in, they would now be filthy rich and sitting in some Aisland with beautiful women fanning them with palm leaves. Myself, I've investing in Buggy Whips since the price of gasoline for cars is getting outrageous and the horse and buggy will soon be coming back. |
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Pillar of the Community
United States
1534 Posts |
Quote:
The only reason you want information on chinese coins should be
So you can avoid them! Not true. Gxseries was talking about actual Chinese coins, not U.S coins minted in China (fakes) that you're referring to. And northwestseeker, if you're new to coins I would study a bit on grading, authentication, and the market before spending that kind of money on a coin, since people can still get ripped off buying slabbed coins. |
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Pillar of the Community
Australia
3831 Posts |
The thing about counterfeits is if you cannot tell the difference between counterfeits and genuine examples, just to make life easier for everyone, just acknowledge that you are incompetent and you either need to learn more about it or just avoid it completely. You just DO NOT go around bashing about a certain race where counterfeit is a global epidemic problem. If you really think Chinese coins are cheap, think twice after looking at this: http://www.bowersandmerena.com/auct...essionid=109The key thing to any kind of investment is like almost everyone is talking about is that you should have a good idea of what you have. That includes spending time to research, keeping track of trends and so forth. If you can't be bothered, try lotto or other forms of gambling. |
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Pillar of the Community
United States
594 Posts |
Quote:
where can I find information on chinese coins?
Walmart!  |
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Moderator
United States
16677 Posts |
I'm sure there are key date Foreign coins worth investing in but in the long term, you cannot go wrong with TPG certified US key date coins. Here are a few examples that you cannot go wrong with and a track record to prove it: 1C- 09S VDB 14 D 5C- 1885 1886 1913 :-0 10C- 16 D 21 D 21 25C- 1896S 1901S 1916 1921 1923S 1932D/S $1- 1889CC 1893S Again, these were just to name a few. swcoin.ecrater.com
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Pillar of the Community
United States
3294 Posts |
Note that the 1916 quarter is the standing liberty version, not the barber version.
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Moderator
United States
16677 Posts |
Thats correct. Thanks nod!
Some of these are well within the $500 range.
swcoin.ecrater.com
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Replies: 20 / Views: 2,783 |
Posted 12/05/2010 11:12 pm
