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 Replies: 19 / Views: 3,333 |
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Valued Member
United States
132 Posts |
Hi everyone, I have a question for you. What would you buy if you had the following amounts to spend. Say 1 to 2 coins (or so) per amount as if that is all you had with you at a coin show.
1st budget amount is $100 -
2nd is $150 to $200 -
3rd is $200 to $250 -
4th is $250 to $300 -
Just looking for ideas based on budget. Thanks!
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Pillar of the Community
United States
3540 Posts |
Tough question.
For long term investment purchases? Or?
Personally, I would look at extra high grade common date items. These are the coins that are so overlooked because everybody is after the key and semi key coins. Then, after they conquer that mountain, they are looking for the rest.
The commons do not appreciate as fast or as high (in terms of dollar amount), but do appreciate higher, percentage wise, then most of the key and semi key dates.
Next would be medium to high grade common coins that are truly...problem free. Finding true XF or AU coins in numerous coin series, is, tough, to say the least.
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Moderator
 United States
14463 Posts |
if this were money I had to spend at the show and what I wanted was available: 1st - as many ASE as I could buy 2nd - a specific Walking Liberty half to fill a hole in my collection 3rd - a specific Walking Liberty half have to fill a different hole 4th - both Walking Liberty halfs to fill holes in my collection 2nd-4th - purchase ASE with money left over (if there was any)  |
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Pillar of the Community
United States
1554 Posts |
As many common date Morgans or Peace as you can for budget 1, 2, 3, or 4.
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Pillar of the Community
United States
2424 Posts |
1. smaller denminations ie. MS grade roosies or Washington quarters2. start moving into key-date territory. ie. lower grade LWC, 14-d, 31-s, wash quarters 32-d,s or perhaps a Trade dollar3. with this much I would look at the $1 or $2.5 gold pieces. you might possibly get into a nice AU grade. perhaps a nice MS cc coin as well 4. hmm.. more pre 33 gold and other key dates. with respect to the grade, you may be able to get 1 or 2 different keys in lower grades. also go for a very nice MS65 classic silver half commemorative Edited by SDcoinguy
04/15/2011 12:28 am
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Pillar of the Community
2222 Posts |
1883 with cents Liberty nickel high AU or MS 3 Cent Silver Nickel Var 2 3 Cent Silver Nickel Var 3 1882 CC GSA Morgan NGC 64 1884 CC GSA Morgan NGC 64 1995 W SAE to fill my one and only SAE hole 1955 LWC DDO |
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Pillar of the Community
United States
594 Posts |
Any silver coin and save it from melt, and help preserve part of our history. Pretty soon they will be like the buffalo.
Edited by KenRingold
04/15/2011 02:43 am
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Bedrock of the Community
Australia
21786 Posts |
The same coin in a range of conditions could be considered to comply with the budget limits indicated here.
Which brings me to a buying strategy with which all of us should be familiar:
Always get the best coin that your budget limit will allow.
Occasionally, I am a floor bidder at coin auctions. In this case, the strategy just mentioned is critical. It is essential that your head rules your heart.
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Pillar of the Community
2222 Posts |
Absolutely correct Sel. Often have to remind myself of that. Doing so will keep me out of trouble and always the best I can and like or want. Too many temptations. But for quite some time now I have no trouble passing on alot of very nice coins. If it's not calling, I don't answer and I'm very picky.
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Valued Member
United States
244 Posts |
1) two very nice (VF-XF) later date Half Cents or large cents. 2) a better XF or low AU capped bust half. 3) a nice AU CBH or 4 XF half or large cents. 4) 1886 V nickel in F-VF (would take some luck/looking) |
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Bedrock of the Community
United States
20753 Posts |
Quote:
What would you buy if you had the following amounts to spend. Say 1 to 2 coins (or so) per amount as if that is all you had with you at a coin show.
Not an easy question since all people like different things and all coin shows are different too. At many of the coin shows I go some dealers have Albums of not so expensive coins and the more valuable ones in glass cases. Some have junk or bargain boxes too. You could run into a dealer that is trying to go out of the buisness and willing to sell coins real cheap. Then too there is the opposite where a dealer thinks he has to jack up the price by about 25% even over the Red Book. There are many other situations at coin shows, your preverences, the grades of the coins from dealer to dealer. Sometimes your appearance can make you get more for your money too. Same if you frequent the same shows and get to know certain dealers. I know many people that do go to coin shows with a specific budget and most tell me what they do is to either buy exactly what they like, need or want. If not, they put that money aside for the next show. If you did that for several or even a few shows, your budget is now far greater. One person I met at a coin show got to know a dealer so well that the dealer took small abounts on a retainer sort of deal and when enough had accumulated he purchased a really expensive coin. One person I met was on a really tight budget and finally talked a dealer into letting him work off some of the purchases by helping him set up, sell, put things away, etc. I know I'm not really answering your question but so much of questions like that are going to give you only answers from people that tell you what they like. What you like may well be just the opposite. Of course you could just rob a bank so you could go to coin shows with a lot of money.   |
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Valued Member
 United States
132 Posts |
Thanks for all these responses. I'm just getting ideas because I'm just about finished with a nice Merc set aside from the 16D. And because I can't swing the 16D now, I want to explore elsewhere, but not sure where to start. I was thinking more about Keys or semi keys in the price ranges above.
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Bedrock of the Community
United States
10284 Posts |
1st budget amount is $100 - As many Canadian Large Cents I could find in VF or XF prior to 1914 2nd is $150 to $200 - 1978 S Trade dollar in XF3rd is $200 to $250 - 1850 O Seated Liberty dollar in Fine4th is $250 to $300 - 1914 D Lincoln Wheat cent in F to VF ( I should be able to get a purty one. ) |
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Pillar of the Community
United States
1817 Posts |
Quote:
1st budget amount is $100 -
2nd is $150 to $200 -
3rd is $200 to $250 -
4th is $250 to $300 -
As someone already previously mentioned, it really depends what you like, classic versus modern, circulated vs. uncirculated, etc. If you are buying with an eye to enjoying the hobby and with the other eye turned towards cashing in on a rainy day 10 years down the road... 1st: at least two burnished uncirculated ASEs, 2006W, 2007W or 2008W. 2nd: burnished uncirculated $5 AGE, same dates. 3rd: MS64/65 graded Classic commemorative half dollar. Many to choose from. 4th: PR69 $10 platinum eagles, 2003 & later. |
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Valued Member
United States
244 Posts |
Quote:
Thanks for all these responses. I'm just getting ideas because I'm just about finished with a nice Merc set aside from the 16D. And because I can't swing the 16D now, I want to explore elsewhere, but not sure where to start. I was thinking more about Keys or semi keys in the price ranges above. That's what's nice about the half and large cent series. Since the start of the "classic head" design, there really aren't any 16-D like keys that are unattainable, |
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Valued Member
United States
271 Posts |
In my opinion, I would buy any silver at the cheapest price possible. Sadly, it appears that fiat currency in the world is crashing. Not to be a doomsayer, but when the smoke clears anyone not holding bullion will be hurting very badly. I buy silver with every spare dollar I can gather. As a collector, I always love the BU coins. However the investment side of me will buy silver in any condition and any denomination from anywhere except China. I have some Chinese Trade dollars that look and weigh just like silver. But they are not silver. Burn me once.... |
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Replies: 19 / Views: 3,333 |
Posted 04/14/2011 11:52 pm
