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 Replies: 37 / Views: 4,885 |
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New Member
United States
3 Posts |
New to the forum. Hello all.
So if you could invest $20 per week at your local coin shop in coins what would everybody be buying? Just curious. I guess I'm looking at it both as an investment and hobby.
Any ideas?
Thanks!
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Pillar of the Community
United States
809 Posts |
Welcome to the forum! Well...Im a collector not an investor,but I finished my Kennedy half dollar album last month and now I am collecting Ben Franklin half dollars! The thing I like about Franklins are they are all 90 per cent silver,plus I just think they look awesome! I have been buying one or two Frankilns every friday at my local coin shop...I call it "Franklin Fridays" and all the guys at the coin shop think I'm goofy,but they always find nice Franklins for my collection!  |
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New Member
 United States
3 Posts |
^ nice! Could I expect to get 2 Franklins for 20 bucks usually?
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New Member
United States
32 Posts |
Probably one franklin for around $20 is what I have been averaging. Buy oldest to newest thats what I do.
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New Member
United States
20 Posts |
Hi, I am also new to the forum. But I think I would save the $20 a week and once a month take the $100 or that you saved and buy some high grade Franklins.
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Valued Member
United States
230 Posts |
I would alternate. Some weeks I would buy a batch of junk nickels, dimes and quarters, some weeks I would save up and spend it all on one nice ASE, silver dollar or a nice half dollar coin. This way you get the best of both worlds. You get a pile of junk silver, and you get some nice high end pieces that have numismatic value above and beyond the value of the underlying. |
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Pillar of the Community
United States
3345 Posts |
I would save it for a month and at the end of the month buy whatever I wanted the most. My want list changes every week or so. But most likely Barber dimes, Seated Liberty halves, maybe some nice Mercs (1921P&D), and I've been wanting to get some $2.50 gold pieces lately. |
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Pillar of the Community
United States
2661 Posts |
I would save up my $20 a week and then about every 4 months I would go down to the shop and buy the best $1, $2.50, or $3 gold I could get with that money. If there any left over I would then look into Franklin's or put up toward my next gold purchase.
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Valued Member
United States
289 Posts |
I would buy 20 Dollars in pennies and than the next week use my dump and my next $20 dollars to get a box of pennies and however many more pennies I can get depending on how much my dump was and I will keep doing that.
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Valued Member
United States
228 Posts |
I get $100 a month in Lincoln cents in four $25 boxes each month. I go through them for copper cents (pre 82's) I get about 1850 copper cents each time I do this. If you've got the original $100 to start, and the time to do the searching - you can turn the $20 into about $56 in copper in about 10 to 12 hours!  Then just take the rejects back to the bank (or Coinstar machine)to recoup the unused $80 ! |
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New Member
United States
3 Posts |
^ Wow. That is the most awesomely ghetto thing ever. Somehow I just don't see stockpiling pennies as being that fun, but to each his own.
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New Member
United States
31 Posts |
This gives me lots of ideas. Hmm. Id get half dollars from the bank.
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Pillar of the Community
United States
809 Posts |
Lino...at the coin shop I go to I usually pay between 13 to 14 dollars per Ben Franklin half dollar. |
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Pillar of the Community
United States
3540 Posts |
Start a JFK Half set or an IKE set. Reject ANY coins with problems.
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Valued Member
United States
81 Posts |
I go to my local coin shop 1 or 2 times a week and look at the bid board. I have a few different sets that I am trying to complete. If I see something on the bid board that interests me, or appeals to my eye, I bid on it.My coin dealer gives me some great buys when he gets something he knows that I might be interested in. He has taught me much about the hobby. I am a collector not an investor, so he knows that I am not in it to flip the coin for a profit. My advice is to get to know a coin shop and they will help you out.
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Pillar of the Community
United States
927 Posts |
This is what is so awesome about coin collecting. There are literally millions of ways that you can collect. If you want to spend $20 per week on coins, I would suggest buying silver coins, like Roosevelt dimes, Washington quarters, or Franklin halves. But stick to uncirculated coins. These will hold their value batter if the price of silver drops. If silver rises, you win either way. |
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Replies: 37 / Views: 4,885 |
Posted 06/18/2011 12:46 pm
