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 Replies: 40 / Views: 7,356 |
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Pillar of the Community
United States
958 Posts |
with the coins 2009-2010 cheap and eazy to buy from the mint with the click of a button,yet some with very low mint numbers makes it very attractive for a future investment even for novice or someone that knows nothing about coins Someone asked me if they were to buy a mint set,proof set or something from the mint under $20 for christmas gift that would prob double or triple in value in 20-30 years what to buy.I think she is looking for her grandson that is only 7 yrs old I suggested buying the ATB 2010 quarters do to low mintage numbers with the hotsprings being the key date 29 and 30 million produced at each mint. What do you guys suggest ? ATB proof is $14.95 with shipping $4.95 ATB buss strikes eazy opening case $9.95 what is the better investment ? How does one find out how many ATB proofs were struck ? |
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Bedrock of the Community
United States
20753 Posts |
People ask questions like this all the time. If you really think about it, if anyone here or anywhere knew what to buy now for the future, they sure wouldn't run around telling anyone. Of course that could work for some if they did. You run around telling everyone to buy 2009 Nickels and if you have them, the price goes up and then you sell yours. If you knew of a horse in the races that was supposed to win and you told everyone, the payoffs would drop down, down, down and you would loose out. So called experts can't predict the weather a few hours in advance so who would know what coins are a future good investment?   |
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Pillar of the Community
United States
1081 Posts |
I'm actually collecting the ATB 2010 in SMS as they are discontinuing the SMS production. I didn't buy them as an investment, but because I liked the look of them. I've been thinking about what coins may be valuable in the future but it's hard to tell due to the large number of any coin produced. |
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Pillar of the Community
United States
2335 Posts |
I'm not convinced modern coins are a good investment. The mintage numbers might be comparatively low, but the problem(IMO) is that the majority of those items will be saved in pristine condition.
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Pillar of the Community
United States
591 Posts |
Well my question is 20-30 years from now will we still be producing coins?
Then that makes them all worth something. I mean look at the changes in just the past 10-15 years. Food Stamps and Unemployment Benefits Some companies are all paying by adding funds to that little piece of plastic.
So at what point will the mints be just producing collectibles?
Edited by insideout
12/13/2010 09:27 am
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Pillar of the Community
Canada
3692 Posts |
That's a much better defined question. It doesn't seem that far off. However, I think that in the end the only coins that'll be around are $1 and 25 Cents, and the rest will be relics. Nickels and dimes can be melted down to make new quarters.
Cents will always be attractive and affordable to anybody. I wonder if it's worth keeping any Zincolns I come across.
Once mints start selling only collectors' sets and not circulation coins, then the hobby will go underground like stamps.
Edited by Libertad
12/13/2010 1:08 pm
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Moderator
 United States
187702 Posts |
Quote:
Well my question is 20-30 years from now will we still be producing coins? I have speculated the same. A time will come when coins are no longer minted (at least for circulation) and I have always suspected that I will live to see it. |
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Pillar of the Community
United States
592 Posts |
Keep all Zincolns With No Spots! Getting harder to find clean unblemished examples. I keep any clean ones from roll searching.
Recently opened some solid lp3 2009 bank wrapped rolls, all spotted.
The other obvious question is how to prevent spotting / preserve them?
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Pillar of the Community
United States
7629 Posts |
Giving investment advice regarding modern coins is purely a guess. Nothing more than that.
Investing in modern coins is likely not to give the same return to the 7 year old as a few shares of a mutual fund in a ROTH education account - just saying...if the person wants to do the kid a favor financially, stay away from coins. By the time the kid turns 21 the mutual fund (historically speaking) would have doubled then doubled again in value. That would be $400 reaped for every $100 invested. That's simply not going to happen with coins minted in the tens of millions and put into sets made for collectors.
Collecting and investing are two VERY different things. Collect coins because they are round and shiny and people like them. Invest in something proven and liquid because you want the money.
Aside from all of that - the best way to go about doing something meaningful in the quarters is to buy the clad and silver quarter sets, then pull a nice P & D out of change and stick all of them into a nice, archival safe album. There is absolutely NO reason to spend the extra money on mint set coins when those are the same as the ones that come out of change (save the satin coins that are being nixed anyway). It has always blown me away to see people spending so much money on "mint" rolls when they are the SAME rolls (in different paper) that come from the banks at face value.
Anyhow...through the life of the set (11 years), the national parks quarters would cost the granny about the following:
56 P quarters - $14
56 D quarters - $14
56 clad proof quarters (about $2 each) - $112
56 silver proof quarters (about $7 each) - $392
a nice Dansco-type album - $25
total - around $550.
The 'possibilities' for return are there, and the set would look very nice - and complete. At first the granny could get help pulling the best coins from the circulation strikes for the set learning what to look for, then eventually she could teach the kid how to go about it - you see that? Make a collector, don't just buy them 'stuff'.
Edited by coppercoins
12/13/2010 6:30 pm
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Pillar of the Community
United States
1213 Posts |
I think that would be a good question to ask Marty McFly. Now where did he go?  |
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Valued Member
India
265 Posts |
coins will always be minted even after a 100 years, but the metal might change, so to do a investment in coins, you will have to use free time updating your knowledge base, just dont collect coins by their current market value. Just grab old coins from your pocket change and keep it graded and cataloged for your future. In a matter of few years price of the coins you collected will swell up. Try to collect the coins which are in still in circulation and which are minted new, which will make a good collection of old and new coins.
warm wishes.
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Pillar of the Community
United States
7629 Posts |
I generally don't speak directly to other posts, but the one right before this one is pure misinformation.
First of all, there is no guarantee that there will be coins in use in 100 years. That's like someone back in 1950 saying typewriters would always be around. You don't know, so don't guarantee it.
Second, pulling coins out of change is just that - pulling coins out of change. It's not 'investing' in anything. It's taking capital out of your wealth to sit on it hoping for a return on value that is based on nothing at all. I will give an example...
Someone decides in 1965 that they will pull out wheat cents and keep them for an investment. If they pulled 100 coins out of circulation at the time ($1 face value) they most likely would have pulled mostly cents from 1940-1958. Those currently sell for 5 cents each (if you're lucky). So that's a $5 return on a $1 "investment". So you would think that was good, right? Well there's one problem...that same dollar in 1965 would have $6.92 buying power now. So the person blew $6.92 for a $5 return. See?
Investing, if done correctly, can and will return you money above and beyond the inflation rate...but pulling change out of your pocket and sticking it into a closet os DEFINITELY NOT the way to "invest".
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Pillar of the Community
United States
687 Posts |
Quote:
Someone decides in 1965 that they will pull out wheat cents and keep them for an investment. If they pulled 100 coins out of circulation at the time ($1 face value) they most likely would have pulled mostly cents from 1940-1958. Those currently sell for 5 cents each (if you're lucky). So that's a $5 return on a $1 "investment". So you would think that was good, right? Well there's one problem...that same dollar in 1965 would have $6.92 buying power now. So the person blew $6.92 for a $5 return. See? More people need to read and understand that quote. Anyway to answer the original question - it's not in the budget, but I'd buy an ASE. Maybe it goes up based on the metal value, and maybe it goes down, but your friend will have bought a beautiful coin for not very much money. The kid will know it's special too because he isn't likely to ever find one in his change. |
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Pillar of the Community
United States
764 Posts |
my GUESS on which coins which are the best investment (not saying it's a good investment) are the low mintage Sacagawea dollars. If the $1 bill is discontinued in the future, the dollar coin will probably circulate well making it more popular among new collectors. A collector trying to complete a sacagawea set will need those 2004 and 2005 coins. Another investment to think about is post 2005 circulation issues in very high grades. since mint sets became satin-finished, most of their circulation strike counterparts have entered circulation. this fact along with the recent popularity of registry sets may make this a good investment. Personally, I am happy with my BU circulation strike coins I get out of bank rolls for face value. |
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Valued Member
United States
66 Posts |
Silver, silver, silver. That is my opinion. Silver will continue to do well for the time being, as long as the economy stays in the gutter. Even after economic recovery something tells me silver will continue to do well for a while. Depending on your budget and how much wiggle room you give yourself, high grade Morgans are nice coins and will always carry some numismatic value beyond the silver content as well. JMO.
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Pillar of the Community
 United States
958 Posts |
I read the comments ,
thanks for the responses
This lady lives 4 houses down. She is 82 years old and does not have the strenght or will power to drive to a coin shop. The closest being about 20 min away.She would have to get a ride being she cant drive very far
I think she just wanted to flip on the computer order a set and have it mailed to her grandson for christmas.
I def agree with peoples post , its like shooting a arrow into a dark room and turing on the light in 20 yrs to see if you hit the bullseye when probability pretty much sums it up you wont .
I also agree that buying a $14-20set prob wont even staff off inflation for the dollar or two coins value inside the set.
She also cant buy any silver online for under $20
maybe i'll just tell her to spend the 20$ on a usa savings bond . It will be worth about $60 doubled matured
provided he waits 20 years to cash it in.
Even then it wont staff off inflation but its a sure bet and she can buy one online or at her bank.
Cant really start a roth with 20$ the yearly management fees are usually 50$ to the company that its with.
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Replies: 40 / Views: 7,356 |
Posted 12/13/2010 08:21 am
