I would like to ask everyone their opinion on what you think the best key date coin to invest in is and why? What coin do you think will hold its value and even appreciate well in ten years from now. Please don't hold back on your opinions and ideas. God Bless!
there is no real answer to your question, merely what people can speculate as to the future. If we had the answer, we'd all be doing exactly that. That said, if you want to buy key dates, I would suggest staying with the MOST popular series like Lincoln Cents. There is ALWAYS a demand for problem-free key date Lincolns. There are other series such as Morgans or even Buffalo Nickels, but IMHO by far the series I would buy within is the Lincoln Cents. Buy problem-free coins. The ones that have damage are difficult to get value for at sales time, and sometimes can be just plain difficult to get rid of. 1909-S VDBs, 1922 No-D strong reverse, 1914-D are the big dogs (and not necessarily in that order) but there are many semi-keys worth buying as well. My suggestion is this: Instead of investing your money, invest something far more valuable, your time. Spend time learning about the series you want to purchase BEFORE you buy any of them. This will save you countless dollars spent on sub-standard coins. Avoid "rookie mistakes" (this is where most get their education) by learning first and then buying. Fact is, the more you know, the less you will pay. hope this helps
I'm sorry! I can't help you. My crystal ball is in the shop for repairs. Besides, you're seeking advice in the wrong place. You should be asking someone at Coin Vault. They have all the answers. Chris
What's the best stock to invest in? How much will gold and silver change in 10 years? Do you like real estate? Comic books can be financially rewarding. Sorry, there is no answer to your question. Coin collectors who've been around 30+ years remember some big meltdowns. Everything took big dives. Collect coins for enjoyment. Expect to lose a little money. And if you don't, all the better. Lance.
I think you are misled. All investments can be volatile. The key is to weigh the risks and invest wisely. Right now I would rather have my money in rare coins than in the stock market.
As far as key dates stick with PCGS graded coins or NGC as they bring a greater return. The keys I have been investing in are Lincoln's 1909-s VDB, 1914-d, 1922 plain strong reverse. Dimes are mercury 1916-d, 1921, 1921-d, 1942/1. Quartetrs, all bust quarters, 1869-s, 1879-1888, 1896-s,1901-s,1913-s,1916 standing liberty, 1932-d, 1932-s. Half all early drape bust and bust half's, lot of different seated half's but my favorite is the 1866-s no motto, 1913, 1914, 1915, and the 1921-d, 1921, 1938-d. And I invest in all the early Drape bust dollars and Seated dollars I can fine. I do not collect Morgans much but I do buy a few peace dollars, 1921, 1928, 1934-s in MS63 or higher and the 1927's in ms63 or higher. This list could go on an on but these are just a few in my opinion. Jim
Best advice is to collect coins, buy the best examples you can afford, try to narrow your collection and become an expert in your area of collecting so you know what is rare and what is not. I find traditional keys overvalued and subject to too much hype. Too many people have jumped on that bandwagon tot he extent entire collections are only of "keys" and not more common coins. What good really is a "key" coin if no one is putting together the sets that "need" them? Answer, none. Key pricing used to be in line with rarity, but now the well known "keys" are greatly out of line with real rarity. Therefor, I simply suggest collect a series, find out what is truly rare, collect them, and hope someday the marketplace catches up with you and starts pricing those coins you got inexpensively higher. Chris
Do a quick comparison in investing as it might surprise you. Sure, many key date coins have gone up in value over the years, as have non key dates, and by comparable percentages. But, the rate they have increased is below that of even a mediocre stock. I suppose if you plan on holding onto coins for 70-80 years you might eventually double your investment. Not likely, but it is possible. But, had you invested in traditional investments, you would have made the same amount in almost 1/4 the time. I know what I'd choose, but thats just me. Guy
1895 proof morgan is quite expensive ....... There is much good advice provided by everyone that has replied to this thread. I don't have much to add. Here are a couple key coin suggestions: Only consider coins that are problem free & probably slabbed by either PCGS, NGC, ANACS, etc. 1922 no D strong reverse- get it in EF or better. There are many available in grades below EF. You would have a real nice coin in EF or better. 1955 DDO- again, get it in a high grade so it will stand out above all the lower grade & problem coins. AU or better with some red would be nice :smile I also like the 1885 Liberty Nickel in MS. It is a tough coin to find. You will find many 1912-S for every one 1885 IF you can find one for sale. I also recommend a nice VF+ 1893-S Morgan and any problem free chain cent you can find. There are just so many nice key date coins I wouldn't know where to end this list. Very best regards, collect89
IMHO, coins are far too unstable of an investment...short term or long term. There is no way to predict what to chose. I think it's a fools game. Right now is the time to invest in the stock market because it's down. I have never understood the impulse to sell now that is has dropped. Now is the time to buy, not sell. People panic and make backwards decisions. Just like, now is not the time to invest in gold...it's way to high. Now is the time to sell gold. Investors are way better off putting their money in a mutual fund rather than a rare coin. Their not as fun to look at, but it's a much stronger bet.
You will find this is exactly how small investors always react. They have the attention span of weeks when the money they are investing needs to compound for decades. I am a trustee of my companies 401k, and the FIRST question I am asked regarding a fund always is, "which one did better last year?". Yeah, that's it, make sure you buy the fund with the highest premium......... Its like clockwork, which is why I like talking to small investors, and reading indexes of their sentiment, and do EXACTLY OPPOSITE of what they want to do. I did that in the 90's with PM, and am doing that today with stocks.
Then you can use some of the dividends to buy coins and be happy all around. I'm guilty of doing this on occasion. Guy
THANK YOU all for your replies to this thread. Lots of good solid advice that shows I have a lot to learn. I guess that is one of the best parts of coin collecting, learning. But I do hope that when I am old and grey, (oops I am old and grey), I hope in twenty years I can at least sell them for what I bought them for or to pass them on to my wife and kids.
