whats a good coin to invest in?

Listen man, if youre going to give advice, at least know what youre talking about...No Silver Bullets? Really?

 

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If you can afford it--a high grade pre-1933 U.S. gold coin. If you want a specific coin, I would suggest a 1911-D $2.5 Indian in AU-58 or above. If you can afford it, MS-63 would be an excellent investment. This Indian is ALWAYS in demand, and it's price appreciation is based on its rarity and not because of the value of gold bullion rising or falling.

 

just make sure you buy a BOLD "D" on that... dont let someone talk you into buying a faint D. good coin!

 

Nice early New Orleans minted gold in collector grades (xf-au) with original surfaces. Maybe some of the scarce, yet still affordable, No Motto Philly $10 in original au.

 

Some sets will jump in price such as the 1999 s silver proof set. You just never know. It was bought for about 40$ but now it's about 100 to 120( if the coins are good)

 

I posted my recommendations in a general sense to someone who had NOT yet revealed to us his financial situation. Even so, I would still recommend either series as clad is cheap and the return could be great. It's not about rarity, but conditional rarity. And let's be honest, we're both talking about coins and just like any other investment nobody truly KNOWS.

 

TreasureSlug,

May I ask how many 54-S $20s in straight no problem 60s you both bought and resold at the claimed values? Seriously though, we all know hindsight is 20/20 so care should be taken when giving such examples, or making bold claims about coins being wise investment vehicles, especiallywhen aimed at someone likely new to the hobby. You certainly do not have to agree, but there are very good reasons why people, such as the gentleman you quoted, promote the idea of coins as enjoyable collectibles rather than "investments" expected to grow in value. Much more often than not, especially when all factors are taken into consideration (which is something you failed to address in your example post), coins as profitable long term investments simply fail to deliver.






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The OP is looking for a coin as an investment... First. Before anything else. Whether he is new to the hobby or not. Some guys hate coins... I've seen them. The only reason they buy is for an investment because they know they perform.. I talk to them every once in a while. Huge collection it sits away they have a rare coin adviser that advises on purchases.

I didnt disagree with anything other than don't invest in something the mint... or anything for that matter has made millions of... simple. Then ingredients listed were historical significance, rarity, and popularity.

I'm pretty sure that advice was sound advice considering the OP's original question asking for an investment coin.

Btw I personally traded and placed an 1854s in MS63 just 2 months ago.

They are very good coins that I would recommend to anyone with the ability to manage... and I was just using this as an example of a great investment coin.

Another investment coin I would recommend to anyone, that hasn't seen a lot of appreciation yet... however still pretty considerable is an 1857s $20 in no less than MS63 pedigreed to the 1857 shipwreck of the S.S. Central America.

why?

Key points. Greatest treasure ever found. Huge factual love story and tragedy. TOP 100 coin in all 4 editions of the book. Warner bros acquired story rights based on a book back in early 2000's and the 160 anniversary to the ship sinking is coming up and movie preambles from what I hear are in the works... Just like the Titanic... if a multi-million Dollar movie comes out on this these coins and the rest of the treasure will be priceless IMO

Keep it simple!

 

First, and as an aside, when someone mentions a "$20k" coin they saw on some, ahem, "reality" television show, and follows by asking if there are any "inexpensive" coins available today with such potential, it is hard for me to see it as a simple question of investment advice. If anything, it is closer to asking what the winning lottery numbers will be X years down theroad.

Now, and while I personally agree with your "ingredients" (at least to an extent) the fact is that it just isn't that simple, so whenever a new member comes lauding coins as such profitable investments, I cannot help but to wonder what their motives are. When you recommend a coin such as the 1857-S $20 in 63 or higher and give reasons as to why you believe there is so much potential, it sounds all fine and dandy, but at the end of the day it is always easier to spend someone else's money. Perhaps this coin, which isn't that rare, will perform










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(Continued)

to or well beyond your expectations, but what if it doesn't? I'm just not convinced that because of a possible movie, and a very remote chance (if even made) that said movie will become a Titanic-like blockbuster, a fairly common coin in that grade range will offer so much in the way of long term returns. You're welcome to believe what you want, or even to fill every one of your posts with claims of coins being such "solid" investments, but do understand that while some may very well be just that, there will be others that will not even though they fit well into the "ingredients" theory. When weighed against other options, especially for the average person, coins as investments simply fail to deliver more often than they have.







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heres one to consider ?
just don't eat it.

http://www.ebay.com/itm/CHOCOLATE-C...-unique-for-advanced-collection-/271738428748

 

Books... you must have had some bad experiences man! I dont have a negative outlook on that at all. I'm up on everything I've done. Starting low... not with $10k coins.

Like I said.. its simple. Its numbers, history, and emotion that drives markets! You think its coincidence whenever a book comes out on coins those coins go up in value? Pay attention and any investor/collector will do alright With a name like yours you should know this!

 

TreasureSlug,

Where to begin... You simply cannot retro pick coins that have done well as "proof" that coins are a good investment. It just does not work like that. Sure, some do well, but it extremely difficult to pick what will do well in the future. Now, in your defense, I actually do buy the types of coins your are talking about, higher quality, rarer coins, keys and the like as I feel these coins have the best chance for appreciation. I do not however, kid myself that it is a good investment. There are just so many things that can go wrong. These types of coins have had a good run, and they might start cooling down a bit and start declining in price. There is also a huge "vig" in coins that must be overcome before any profit is taken. The difference between your buy price and your true sell price after costs is a tough nut to crack. You also cannot eliminate the possibility of a coin market collapse as was seen in stamps. It could happen. All these things are just not the issues I want to deal with in my "true" investments.

Now to address your statement "I am up on everything I've done". Well I am just going to have to call shenanigans on that. It just doesn't happen in the coin World. If addition to all the problems associated with coins for profit, there is a huge learning curve where mistakes always happen. Even seasoned professional dealers still get caught on the wrong end of the stick. It is wrong to blatently make that statement as it caught seriously hurt the fiscal heath of a newbie who might take it as truth and thing coins are easy money.

Finally, I actually do like your idea about that shipwrecked coin, but that is NOT investing. That is more speculation and gamble. If all the pieces fall into place, it may work out, but there are countless things that could make that trade go south in a hurry. It really is just a crapshoot.

 

OK... Why cant you cherry pick investment coins??? Please explain... Also... really what can go wrong? If you have a true rare coin... historical, popular, I'm pretty sure these have been battlefield tested through the last 150 years through the harshest economic periods the world has seen. The only things that come into play is demand vs. supply. It's always been like this and always will be. As more people get into this market it only increases demand... COME ON GUYS>>> this is economics 101. ITS NOT difficult to locate investment grade coins to make a lot of money on... you need to hold them... NOT try and sell them playing who is the best coin dealer... YOU WILL LOSE ALMOST EVERY TIME> People with money... dont acquire these coins to flip... they sit on them, for years... add them to their estates! There is a reason its a Kings and Presidents game. When you can put together a TRUE collection of coins. Whether be the 1909 vdb variations. Morgan Dollars Or Gold rush gold its the same principles that apply. IF your buying quality and the best quality you can afford, HOPEFULLY MS quality or you should find another series to invest in... YOU will do good... NOT all of your eggs in 1 basket but in a nice division of coins in your collection. I do this for a living... specialize in cherry picking investment grade coins. Thanks tho for the input... I think you are wrong. There are hundreds of collectors out their that do very very well.

You can respond back with anything you want... the fact is People cherry pick investment grade coins all of the time and lots of them that know what they are doing, do very very good. There are those that lose money... but if you need to sell a coin at a loss..... YOU arent in the position to be buying that coin in the first place! Only the weak sell their best investments at a loss, as per history coins values will surpass their previous highs, just like almost every other commodity you can trade out there... there is a reason people with money hang onto their collections so tight... and most of the time pass them down as one of the best generational gifts you can give! Guess its just a difference of opinion. Oh well, I know what I do every single day I wake up and put on my suit! If you want a couple of tips let me know. We can hash out some differences of opinions maybe, get you into a performing coin Mikem2000

 

shots fired

 

please tell me what a performing coin mikem2000 is.

 

So you're telling us you can pick winning coins that will only go up in value . If this is true how many of said coins are you sitting on as you should be a rich man right now . Never lose money on coins , what a novel idea .

 

Sorry guys... I dont mean to fire shots... I just dont like negative outlooks... 2013 reverse proof buffalo pr70dcam pcgs gold foil, 50ann kennedy half pr70 first day ANA release. Baseball Commemoratives, ummm 2009HR St. Gaudens.... lets see there are probably about 10 more you could name in the last 6 years. Right now I would be buying all of the silver you can including graded Morgans and bullion, with silver values as low as they are you would be pissing on your leg if you didnt. 2008 buff pr70 4coin set PCGS dcam.

All of these guys are winning coins, at low cost, that have only gained value since they have been out. Quick flips and returns. Hang onto these for the long run for a better appreciation. a couple of them have leveled out. Other than that every one of the coins I have mentioned have gained considerable value since they have been out. And you could have cashed in on $$$ if you just paid attention. First year type coins, low mintage, historical significance, Popularity.

 

When did I say you never lose money on coins... Just because I havnt doesnt mean others didnt and wont. I know how to buy unless its a series I dont know. As my previous statement none of the coins above have really lost value. They are all up from there initial entry prices. I havnt lost money on coins since I purchased American Eagles some time ago when silver was up in the twenties... even then it was a small position. 100oz. I dont like coins that trade with metal unless the environment is right. Metals values are heavily manipulated IMO.

The key is having a nice division, a divided portfolio. not all of your eggs in 1 basket and you will hedge nicely with coins! Just do research, dont let emotion of want get in the way... more like emotion of fundamentals! I'd like to add one more thing... be careful when you get your information... I dont like to listen to a lot of people to take their word for what they are saying... I look up the information myself, do my own research. I have called and talked to many a dealer/coin shop. lots of them give you mislead information, dont know what they are talking about, just want to make a dollar and dont care how and lots get their info from bigger dealers as far as speculation for where the market is going. There are a few key people out there... I'd say a fairly small circle of professional dealers who are exceptional at their craft! Just choose your information wisely.... opinions are like the internet... cant believe everything you see/hear!

 

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