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 Replies: 22 / Views: 3,169 |
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Valued Member
United States
101 Posts |
I started collecting 2 months ago. Here is what I have so far:  ~James |
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Bedrock of the Community
United States
14454 Posts |
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Bedrock of the Community
United States
20753 Posts |
 Looks like your trying to make some of jealous already. Nice start. Wonder what you'll have in a year or so. |
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Valued Member
United States
402 Posts |
All MS70, nice very nice!
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Valued Member
 United States
101 Posts |
Thank you all. And yes I like ANACS because they grade a huge bulk from my business and they are the oldest. God only knows what I will have in a year. I am thinking of getting the gold Indian Head. A lot of the coins that I am going to get is MS70. Thanks for the compliments.
I love this HOBBY! I am gonna rock this!
~James
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New Member
United States
33 Posts |
MS-70 A great way to start!
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Valued Member
United States
101 Posts |
Thank you goldduster
~James
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Moderator
 United States
187702 Posts |
Very nice! Thank your for sharing.  |
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Valued Member
India
265 Posts |
The graded coins are very good to collect, but try to collect coins in circulation also. The graded coin could be like an investment, but finding out valuable coins in your pocket change is much more exciting.
warm wishes.
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Pillar of the Community
United States
7629 Posts |
A few things:
1. Welcome to collecting.
2. Keep some 'focus' - looks like you're after a 1 oz. silver MS70 world collection. Stay there or move to something else.
3. Don't just collect 'everything' - you'll quickly run out of money and will have nothing but a pile of coins. No structure.
4. NEVER invest in coins, no matter what people tell you. Investor grade coins are way up there in price ($10K each). You will NEVER reap the same return from coins as you would in the mutual fund market.
5. Keep the coins invetoried and keep them safe.
6. If you want respect for the grade of your coins by other people (potential buyers) get them graded by PCGS or NGC. ANACS grading is not widely accepted as accurate, consistent, or marketable. To most buyers the coins might as well be raw as graded by ANACS, ICG, or any other grader (except NGC or PCGS).
7. Have fun doing what you do without worrying about the profit it might generate. It will most likely not generate much profit once the value of the dollar against foreign currency and inflation are factored in.
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Bedrock of the Community
United States
11951 Posts |
Nice .. you are off to a good start .. I have a few of those coins also .. but not in MS 70.
Also I am curious .. what is that case they are in .. wood case .. felt lined?
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Valued Member
United States
101 Posts |
Thank you all for the comments. And coppercoins I thank you for the feedback. I do not plan to sell my collection at all. I can always sell them back to ANACS as they stated to me. Maybe I'll get some bullion in the near future. But I was under the impression that graded coins have more value than circulated coins. Correct me if I'm wrong because I am still a noob (lol). I always say to myself, am I better off 5 years from now with graded coins? And for Goldrush. I have it in attache case that is felt lined from my company.
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Pillar of the Community
United States
7629 Posts |
Okay, first things first...
ANACS is not a dealer - they are a grading company. They do not buy and sell coins. They will not buy your coins.
Graded coins do not have more value than comparable coins outside the holders. They are just easie to sell. What I was saying is that PCGS and NGC graded coins will sell better, faster, and easier than ANACS graded coins - cold hard fact. Having coins in ANACS holders is not any better to 90% of the market than having the coins in four cent 2x2 flips.
Of course having uncirculated coins is better than having circulated coins of the same issue. Uncirculated generally always holds more value than circulated.
I fear, though, that you are getting some terms confused. "Circulated" means a coin with visible wear. "Uncirculated" is a coin with no visible wear. "Graded" is a coin that has been professionally sealed with a grade on a label. "Raw" is a common term used for any coin not in a "graded" holder.
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Bedrock of the Community
Australia
21786 Posts |
Welcome to the CCF! With those coins, you have stepped out on the right foot!
One sure thing happens when your collection has top grade coins in it.
Posters in Forums such as the CCF always compliment you!
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Valued Member
United States
101 Posts |
Coppercoins, thank you for the input. Sel69, I thank you for the warm welcome and compliments. I will be posting more pics of my graded coins as I get them.
Thanks again,
James
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Moderator
United States
187702 Posts |
Quote:
4. NEVER invest in coins, no matter what people tell you. Investor grade coins are way up there in price ($10K each). You will NEVER reap the same return from coins as you would in the mutual fund market. In my opinion, the best advice of this thread. Investing in coins is hard work, which is why I refuse to do it. I am a collector; I do it for fun, not work. Investments are for my IRA, 401k, and MMA. |
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Replies: 22 / Views: 3,169 |
Posted 12/13/2010 3:09 pm
