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Old 08-17-2009, 02:29 PM   #1 (permalink)
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An Update on My Big Coin/Bullion Order from APMEX

Hi guys, BNB here. I know I posted a few threads lately on some coins but I want to let everyone know that I canceled the $2,000+ order for the bullion, morgan, peace, and 10 silver eagles..

I felt like I was getting kinda ripped off and didn't feel like any of those coins will do me good in the long term.

Now, this is what I do plan to get. Kinda starting over here..

1913-D TYPE 2 FULL STRIKE! SELECT UNC BUFFALO NICKEL
http://cgi.ebay.com/ws/eBayISAPI.dll...ht_1974wt_1165

1937 D 3 LEGGED BUFFALO NICKEL XF 45 NGC WOW
http://cgi.ebay.com/ws/eBayISAPI.dll...:B:BCA:US:1123

2009 ABRAHAM LINCOLN PROOF COMMEMORATIVE DOLLAR
http://cgi.ebay.com/ws/eBayISAPI.dll...EOIBSA:US:1123

Now please, I ask all of you.. not to tell me to read books(because i am already doing so) but if you will, just give me some recommendations of what I should buy if I have about $2000 to spend on coins..

Please, I really just want to get some nice coins that have future value and I don't want to make this very complicated. If you don't know what to recommend me, just don't say it. I am looking for some direct responses. If you have links that would be great to.

Thanks everyone.

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Old 08-17-2009, 02:33 PM   #2 (permalink)
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Well that first coin looks cleaned. Stay far away from that auction. I would buy some higher quality coins with nice luster instead of circulated buffaloes. Try some slabbed high grade mercury dimes or morgans if you have that much to spend.
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Old 08-17-2009, 02:37 PM   #3 (permalink)
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Quote:
Originally Posted by the_man12 View Post
Well that first coin looks cleaned. Stay far away from that auction. I would buy some higher quality coins with nice luster instead of circulated buffaloes. Try some slabbed high grade mercury dimes or morgans if you have that much to spend.
Ok, I will be sure to not bid on that one any higher.

I appreciate your second piece of advice, but not sure what you mean by nice luster. For the high grade mercury dimes or morgans, do you have any links on which you think are good?
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Old 08-17-2009, 02:37 PM   #4 (permalink)
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Also, can people take coins out of the slab and replace them? I always wondered that.
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Old 08-17-2009, 02:41 PM   #5 (permalink)
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I think it's good you backed out of that order, especially if you wanted to reorder today at a better price for some of the things you were overpaying for or which you could have bought a greater quantity of at a better price break.

"I really just want to get some nice coins that have future value" ...Sorry, but this seems to be what complicates matters for you in the forum. Opening up such a forum for suggestions, hands down, you are going to get loads of ideas from conflicting perspectives if you ask such open ended inquiries as well as asking for which coins will have future value. Who can tell? Probably none of us, but everyone has good thoughts on the matter. Keep reading as you are doing, take suggestions, weigh them and make up your own mind based on what you like to collect or decided to buy as an investment.
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Old 08-17-2009, 02:42 PM   #6 (permalink)
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Also, can people take coins out of the slab and replace them? I always wondered that.
Not on the major TPG slabs (PCGS, NGC).

Is there a particular coin series you're interested in collecting?
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Old 08-17-2009, 02:43 PM   #7 (permalink)
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Can they - yes. However, I doubt that they can do it without it being noticeable to anyone who looks closely. On the other hand, they can do a good job making a completely new slab that is very hard to detect.
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Old 08-17-2009, 02:43 PM   #8 (permalink)
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Not on the major TPG slabs (PCGS, NGC).

Is there a particular coin series you're interested in collecting?
Yes, I wouldn't mind owning a nice peace dollar, nice morgan dollar, and a 3 legged 1937 d buffalo nickel if the price is right.

How bout this., For over $2,000, I want the 100oz silver bar when price gets a little lower, and a nice peace dollar, morgan, and a 1937d buff nickel.

What do you guys think you could set me up with in terms of pointing me in the right direction?
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Old 08-17-2009, 02:46 PM   #9 (permalink)
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Man, BNB, I'd sure wish you'd hold on to your cash until your knowledge catches up with you.

I'd spend a little more on one coin rather than many of lesser value. I think a key date Lincoln cent would be something that a lot of current and future collectors will want should you sell. I'd also recommend getting something that is in a higher grade for eye appeal.

Personally, I'd look at this piece:

http://www.coinraritiesonline.com/in...et=27&gal_id=1

Of course, you could easily fall in love with the coin and decide never to sell it. On the other hand, I could see it appreciating in the long term and should be relatively easy to sell.

All of that said, I still am not a believer in buying coins strictly for investment purposes but you've already heard that lecture. Good Luck!
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Old 08-17-2009, 02:48 PM   #10 (permalink)
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What do you guys think you could set me up with in terms of pointing me in the right direction?
More education in the matter. You're gonna learn the hard way at this rate. Sorry.
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Old 08-17-2009, 02:56 PM   #11 (permalink)
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Can they - yes. However, I doubt that they can do it without it being noticeable to anyone who looks closely. On the other hand, they can do a good job making a completely new slab that is very hard to detect.
This is what I should have said. Technically it is possible, but if you inspect the slab I'm sure there would be some strong signs of tampering.

I'm going to have to agree with what Krispy said. I would really suggest getting a little more familiar with coins before you invest in them. But if you really want to just buy some coins right away for an investment, your best bet would probably be certified semi-key or key date coins.
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Old 08-17-2009, 02:59 PM   #12 (permalink)
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If I was planning on one day becoming a dealer, how does one buy at wholesale prices? Just a little side question I had.
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Old 08-17-2009, 03:00 PM   #13 (permalink)
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How about the missing MM dimes?? Sounds good to me.
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Old 08-17-2009, 03:03 PM   #14 (permalink)
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Hey all, may I get some links to what you're referencing here? That would be great
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Old 08-17-2009, 03:14 PM   #15 (permalink)
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Thoughts on this-

2009 Ultra High Relief Double Eagle Gold Coin (UH1) http://catalog.usmint.gov/webapp/wcs...4708&langId=-1

a nice looking 1937-d buffalo nickel

and 100oz silver bullion..

Think that might be a good longterm investment hold?
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