whats a good coin to invest in?

TreasureSlug, coins are the classic greater fool investment, which is what makes them a bad investment. Lot's of people make lots of money on coins, and I truly hope you do as well. But at the end of the day, a coin only goes up in value because there is a greater fool, not because it has some intrinsic or productive value. I would advise against investing in coins for this reason.

 

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haha I love it no matter what!!!

 

Interested in any MS-63 1880 S Morgans that regularly traded at 600 dollars pop back in 1980?

No, coins NEVER go down in price if held for a long enough time.

 

beef1020... its all momentum and knowing how to play it. If fools as you say want to pay more for your coin let them... they see a value in it. I would say turn your glass upside down... look at it from another POV! its all gravy!

 

If you are investing in an 1880s Morgan in MS63 that is the problem right there... 8.9 million minted... this doesnt follow any of the ingredients I have listed... this is a speculation coin. It is a good Morgan... but unless your building a set to fill a hole... I wouldnt recommend it as an investment coin.

1989 also saw a HUGE decline in coin values... the market reset. a lot happened those couple of years with the world and US economies. If you invested right at that time... you could still be ahead... however vs other markets... 1 huge sell off and drop in value in 50 years... pretty sure the DOWJ has seen about 5 of those dips in the last 50 years.

not to mention but I am fairly certain almost all dates that lost value at that time... unless a hoard was found in between are already trading above those highs in 1989. and still climbing in value.

 

Yet, that is exactly the way that 1880-S Morgan was marketed at the time. People coming out of the woodwork all spouting nonsense about how coins could never go down in price but instead would always go up.

A coin collection is a good store for one's wealth, but it is not a great investment vehicle. Do some collectors make money when they liquidate? Of course, but the vast majority of collectors who do would have been better off sticking that money in the stock market...you know, that thing that even after "5 dips in the last 50 years" is still rocking along at record highs.

 

I've got some tulip bulbs to sell you, or how about a nice condo in Arizona? I understand momentum, I understand supply and demand, and I understand trends. I know you can make money in coins, people do it all the time. You are free to advice people about coins that make good investments. I am merely advising against any coin as an investment.

Like I said, more power to you, but I don't need my point of view altered. I like to invest in things which produce value, not speculate in things that I need to find a greater fool in order to make money.

 

Guys... this is a great hobby. It can be a great investment. My goal is to just help others gain knowledge... its only going to help what we do if people can get informed. Coins aren't going anywhere. Civilizations have been fascinated by them since the beginning of the first coins to exist!

 

I have the same goal, to help others gain knowledge. Cheers!

 

I'm sorry, but I have to call BS here. What started as a mix of fairly reasonable and valid points has tuned into contradictions, fluff, and highly questionable claims.

MikeM,

Here is to hoping you jump on the offer of such revolutionary and foolproof advice. How lucky could we just-fell-off-the-truck bumpkins be?

 

Im sorry you dont like my tone Books! But being naive and not open to the fact that you could safely invest in true investment coins and come out on top every time is very reasonable is cheated yourself. Its just research maybe not every time or every person, but it does happen quite often!

 

Coins like this one?

http://coins.ha.com/itm/large-cents...20-pollock-29-our-eac-grade-vg8/a/1200-2528.s

It has your 'Historical significance, rarity, and popularity' all in one. Certainly one of the great investment coins you are talking about right?

I love playing this game, go through this list of provenance for 1794 large cents and let me know which coins made a good investment? Most barely keep up with inflation, very very few actually beat s&p 500... Again, all coins with rarity, historical significance, and popularity.
http://www.1794largecents.com/1794/provenance.htm

 

Ummm... Yeah that IMO would be a million dollar coin one day. 5-10 years. maybe sooner. Look at the value its gained... any loss on this coin is due to the circumstances of the sell and the feel of the maket... YOU DONT SELL THIS COIN> unless you have to... unless its the right environment. or unless you have already made a crap load of appreciation on it say if you bought it at $250k or $300k 5-10 years back.

There is a reason the 1787 brasher doubloon ms63 sold last year for $4.6 million... it was the first lot to sell at the auction. bidders werent even ready for it!

besides those hundreds of thousands of dollar coins you probably cant manage... look at low mintage. Historical Significance and popularity. The buffalos, some AE's, 1889cc's 93s any of the above mentioned coins... These are not coins out of your value but are valuable coins that collectors/investors love, and those that say you dont buy labels, guys IDK why people like certain labels... just like the baseball cards in the day, they do for whatever reason. Jump on the band wagon with the labels and learn what people want trade with the momentum! Be smart sheep! There are loads and loads of coins that have gained tremendous values in the last 6 years... learn to spot them! They will always be popular in the long run regardless of trends!

When you can buy 10-20 2013 reverse pr70Dcam buffs at $2150 and flip them for $2800-$3200 do it... or keep them longer because IMO that will be a $5k coin some day. No matter the current trend. Same with the Kennedy gold 50th anniversary first year type coins. commemorative only year of mintage 2014... That IMO will be a true winner~!

There are always better investments than coins out there... But again there is no denying you can cherry pick investment coins. The OP's theoretical question has a factual response. YES YOU CAN>

 

Coin lost the owner $600k...

 

Yea... So why did he sell it? He knew the market is down? There is no denying in a year or 2 you might have... some fool as stated earlier pay 1.5m for it. To blindly throw it at auction with no reserve is NOT a very safe investment choice and is very risky even not in a down market. I'm assuming he was in a bind and needed to liquidate this. or listened to someones really bad advise on throwing up a million dollar coin in a bad trend. The fact is... Whoever bought that coin... is in a very good position! You cant look at one guys mistake and say that coins are a bad investment...

 

It also has the factual response of YOU CAN LOSE YOUR SHIRT!!! Not a single person has said it can't be done, I am just saying it's a lot harder than you think it is.

Market was not down, dk why he sold. I thought, 'you could safely invest in true investment coins and come out on top every time'. You yourself said this was an investment grade coin, yet the owner did not come out on top, what gives?

http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=54&lot=128

 

Im also saying to do research and know what you are doing. If you are selling that coins chances are you have a few others that are quite up... You cant take one example. I might not be down on any of my coins... but he definitely was, and took that loss I'm sure like a champ... or completely got out of the game and has a bad taste in his mouth forever and is going to tell everyone he meets rare coins arent worth it. The gentlemen that acquired the coin above at a $600k discount... Is the smart man you want to follow! Im sure you could pick that apart as well but think of it like this... The gentlemen who sold him the coin at $1+million is sleeping like a king.

Ya know there are also time shares in Las Vegas selling for $1.5 million.... were anyways... you can pick them up for a couple hundrek k now!

 

And it continues to evolve. Go back and re-read all of your posts in this thread, and then - being honest with yourself - tell me if you see a problem. If you're such a hotshot "investor" so certain of your claims, why, after being called out, have they softened or changed? Let's be honest here... nothing you've said is remotely new, and is just another rehash of what many of us have heard countless times before from those thinking they've stumbed upon their golden goose. This is a subject well worth debate, but only if done with a level of sincerity you've yet to dispay.









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None of them have softend books... I said I havent lost any money on coins, thats true to the T. they have turned to be a very good investment for me. Im sorry that its different for you. I never claim to be some hotshot investor. Im just stating that you can cherry pick an investment coin and not lose value on it. Sticking with the same story...

I never stated people dont lose money on investment coins... I stated I havnt.

If my points didnt get picked out and fine combed with a SPECK comb we wouldnt be discussing this right now. As it sticks the long-term trend for rare coins has been, is currently and, when applying all fundamentals logically, will continue to be upward. Take it for what its worth. But dont deny it... because not every one has had the same experience as you!

 

Then later:

Which one is it?

That is not just what you are stating. You can in fact purchase a coin today that will be worth more in the future, no one disagrees with you on that. But that is an entirely different point then you are making in your posts. If that were all you were saying, then you would not object to the statement that you can also lose your shirt on coins, and it's not easy to identify with any accuracy the coins that will be worth more in the future....

I'm done here.