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 Replies: 26 / Views: 14,985 |
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Bedrock of the Community
United States
20753 Posts |
Actually I've mentioned this in the past. Asking that question is rediculous. If anyone really knew the answer, they would start hoarding those coins if possible. It's sort of like asking what Stocks should I buy, which house should I buy, what women should I marry? People will usually pop up with suggestions but if they really knew, they surely wouldn't run around telling anyone. Think. If you knew of a horse that is a sure thing in a race, would you run around telling everyone?
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Valued Member
United States
384 Posts |
A few weeks ago I read the book Profitable Coin Collecting by David Ganz. It has many of the answers you are looking for.
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Pillar of the Community
United States
880 Posts |
These forums have changed in the few months that I haven't checked them. If you go back a few months I'm sure you'd find 10-15 people telling you never to invest in coins... how it's only supposed to be a "collection." I'd agree with most other people that you should probably go with Key Dates. The only problem (and people on here will also say this can't happen) is that if coin collecting ever goes under like the baseball card collections did - then you're out $5k a coin vs $5 a coin.
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Valued Member
United States
62 Posts |
When I had to cash out my collection, by far the biggest appreciation was in my junk silver. I paid next to nothing for them and they were worth 10-20 x what I had paid within a span of 10 years. I would imagine those that had bought heavily in gold experienced the same thing.
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Pillar of the Community
United States
1704 Posts |
Are you looking for a short term investment or long term? That would make a huge difference in what to buy and what not to buy. Ultimately it will all depend on what your goals are. No one here can make your decisions for you and any recommendations from members here are just that, recommendations based on their personal experience, and whether you have the same results just getting into numismatics at this time is anyone's guess. Silver appears to have stabilized for the moment at it's current level of $35.00 +/- on a daily basis and gold still hasn't completely settled as yet with its large almost daily price swings. Money can be made short term if you buy at the right time in bags of silver coins or bullion bars but your timing has to be just right. Some say silver isn't done just yet and may even reach as much as $90.00+ within the next year. Best bet historically is high grade, MS-65+ / Proof-65+, low mintage 19th Century type coins, Dahlonega and Charlotte gold in most any condition, Carson City mint lower denomination coins in high grade, popular 20th Century low mintage key dates and add some 90% silver and or .999 bars/rounds plus a few common date gold coins to balance it out. Put them away and forget about them for at least ten years. But that is only my personal opinion and some here may agree or may disagree and that's their right. ANA LM-3175 |
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Pillar of the Community
United States
2734 Posts |
Quote:
...if coin collecting ever goes under like the baseball card collections did... Sports cards aren't made out of gold and silver.  (and the T206 Honus Wagner card is still worth a large chunk of change!) |
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Pillar of the Community
United States
880 Posts |
DNA you are absolutely correct! But if it ever gets to the point where you have to chemically test the coins to find out if they're gold or silver the prices will go down. Such would be the case of finding out if your Wagner is real or fake.
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Pillar of the Community
United States
952 Posts |
If you are in strictly for the investment you may want to stay with the most popular series as well, like indian and lincoln cents, Buffalo nickels and walking lib halves, to name a few. morgans are very popular as well but the markets is saturated with them right now. My personal opinion is that the popular series now will continue to be so, thus allowing for a bigger pool of prospective buyers in the future. And good luck picking stuff up for less than mkt value.....I've had a few decent buys in my time, but not much. roll searching is not even what it used to be. |
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Pillar of the Community
United States
880 Posts |
MDH makes a good point. I hadn't looked at it that way. There are always trends of course, but from what I've read - pennies have always been a favorite.
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Pillar of the Community
United States
870 Posts |
on the contrary... from an investment perspective, you want to go with what's "not popular"... Check the trends and go with whatever is "not hot" now... Buy low, sell high. Don't try to buy high, sell higher...
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Pillar of the Community
United States
817 Posts |
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Replies: 26 / Views: 14,985 |
First Page
Posted 06/03/2011 8:01 pm
