Advice Needed - Page 2 - Coin Community Forum

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Author	Replies: 21 / Views: 2,249	Page: of 2

SsuperDdave Moderator United States 23522 Posts	Posted 01/07/2011 10:22 pm Excellent. A newbie who isn't a newbie. Life is good. Continue your research. Get a feel for what you like, and what things might be worth. Bring some ideas, and we can discuss appropriate venues and dealers you might be able to form a sight-unseen relationship with. There are plenty out there, people I and others could recommend without hesitation, even if you want "nicer" examples of a grade. Case in point, I could see myself recommending Legend or Pinnacle Rarities in an instant, if what you want is what they've got. Neither of them dirty their hands with "lesser for grade." If you prove comfortable with grading from high-resolution photographs, Heritage Auctions is another possibility, given a little patience on your part. There are a large number of acceptable answers to the questions you're asking. Can you invest in stuff which will outperform other investments over time? Speculative, unlikely unless you're lucky. Can you invest in stuff which will not depreciate but steadily exceed inflation in value? Undoubtedly, especially over the term you propose. Report this Post to the Staff
nwc coin Pillar of the Community United States 516 Posts	Posted 01/07/2011 10:53 pm I'm in a little bit of a similar situation in that I'm more of a newbie, but have done a lot of learning and research over the last year. I'm getting to the point where I'm going to start considering some investment purchases (with the hope that they meet inflation). I've always heard that heritage is kind of the gold standard for these types of coins.. Do you think a dealer like the two you mentioned above would generally be below, on par with, or above the final price at heritage (price+BP+shipping)? Are there any other online dealers that you would recommend looking into? Report this Post to the Staff
fenton Pillar of the Community United States 4989 Posts	Posted 01/07/2011 10:57 pm For price appreciation, you need to buy key dates. A trick is to find the place on the grading scale where the price skyrockets and buy ONE GRADE LOWER. That is like buying the cheapest home in a very expensive community you can expect it to appreciate thank to its neighbors. Suggested Coins for a 5K budget: 1909-S LWC, 1972 DD LMC, 1995 DD LMC, 1889-CC Morgan, 1893-O Morgan. Do not get ripped off when you buy them - use Heritage or Teletrade not a dealer. Report this Post to the Staff
aladinslamp Pillar of the Community United States 3076 Posts	Posted 01/07/2011 11:29 pm One point I would like to POINT OUT, as over many years there have been many many lists or "PRICE GUIDES"...in other words, If you were a dealer you would Never be paying RETAIL prices...the Grey sheet is the standard price guide.....of what dealers pay between them selves...Stay as close to those prices as possible...PGCS price guides lists there Idea of what there retail prices are....Numismeadia online, " RedBook" and many others also list there idea of any coins value but these are retail prices..... Worst case scenario...go buy a business license even though you don't intend to compete with the world rather to qualify to buy and sell between buyers at there prices....SUBSCRIBE to the Grey sheet, or at least one quarter, or current listing, it's not expensive this way, and coins don't BLOAT in a few months...Keys and semi Keys, or as suggested...MS65 coins, as MS64 coins in general don't inflate and MS65 at least hold there value and will appreciate...When you spend your first $5,000 for your son, be sure to send me the second $5,000 But FIRST and foremost take the time to study up!!Alot of great info has been posted, so take the time to research so you can make the best choice. and there is not only one good choice, just good judgment.... Report this Post to the Staff
1893S Pillar of the Community United States 1554 Posts	Posted 01/07/2011 11:47 pm I'm going to be the Devils advocate here....I don't know if buying some coins for your kids to open at a later date is a great idea....We've been through this in our family and it is not always the best idea. Even with the best intentions and also with teaching your kids about the value of collectable coins, things can happen in the future that you do not see now. The coins that you buy for them now could be looked at by them differently than what you wanted them to see or realize from them....In other words they may not be interested in them and your investment may go to waste very easily/quickly. I'm truly not trying to be a bummer but this happens frequently. Report this Post to the Staff
nwc coin Pillar of the Community United States 516 Posts	Posted 01/08/2011 09:12 am One other fear that I have is will there be enough collectors in 20-30 years to keep the prices up? Before investing too high a percentage of your money into coins, I think that has to be considered. Is the prevailing thought that the key dates will be the ones to hold their value and the more common coins wont if this occurs? Or should we expect everything to lose value in that case? Report this Post to the Staff
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