How should I handle modern "investment coins" from the US Mint

In other words...go find some suckers as soon as possible!..

 

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I'm trying to get one around $80-$100

 

I figure between $60 to $80 one of these days. I kick myself for putting off buying them when they were first issued. Who knew they'd sell out in two weeks?

 

Moderns are the best "investment" going. But anyone who thinks coins are good investments are the same people who bought Gem morgan dollars in 1989 for $750 each. They end up with overgraded and overpriced coins. It is the real collectors who make money in coins and the most money made in coins over the next twenty years will be in modern coins.

They won't all be US coins, they won't all be high grade, and most will be what you least expect.

 

@cladking who was paying $750 per for gem morgans in '89? Are you being facetious or was that really going on?

 

It was happening. I think Wall Street was involved.......

 

That makes sense. I've heard the 95w ase's have Roth ira's to thank, in part, for their extreem value too.

 

At some point, there was an investment fund trying to parlay coins into returns, I think. If someone else remembers the details, jump in.

 

I know Doug does.

 

@GDJMSP

 

Ok, I vaugely remember reading about something like that now

 

At one point in time a common date PCGS MS65 Morgan hit $1200

 

Wow, I came to check back in. I was expecting a few comments, but there has been some very good advice here. Specifically I was looking into getting the 2016 redesign (rumor) of the Mercury dime, Standing Quarter and Walking half dollar proof set. The rumor says they will be made in Gold and Silver. I would keep the Silver ones absolutely but thought about riding the hype wave on the gold ones. Though I'm thinking that won't be as worthwhile anymore.

Seeing as the prices drop, I hope the 2009 ultra high relief and 2014 Kennedy gold dollars go back down to near issue price soon.

 

Sadly, only gold........

 

I know exactly what you are saying but even those "low pop", "High Grade" Kennedy Varieties, have a shelf life which is exponentially affected by the next higher grade.

As such, these are terrible "investments" and much better "collectibles".

 

Collectible always scoops 'investment'......least wise in these parts.

 

Only gold friend and even then they'll carry the weight and fineness on one of the surfaces.

As for being an "investment coin"?

Just look at the 2014 Kennedy.

Out of the gate, $1,240 plus shipping.
It finally went off the market from the US Mint at $1,090.

Not necessarily what I would consider a "good investment".

It is quite possible that these 2016 version of old designs "could" suffer the same fate "UNLESS", you get in at the opening bell, pay for overnight shipping, then immediately forwarded them to PCGS for 1st Strike or whatever other silly label they'll dream up, get all MS70's, then resell them (or presale them) within a week of them being offered.

I could almost guarantee that the very 1st MS79/First Strike coin sells for better than $1,000 above release price.

BUT, I would NEVER guarantee that that price would be sustainable.

P.S. It's called the Flipping Game and has nothing to do with investment potential.

 

Agreed for sure. Moderns are risky, unless one is prepared to buy the finest coin in a low pop date/ mint. None of those dates tend to be bargains, either.

 

I'm going to bed.........

 

Sure it was and most of them were overgraded. Of course in thoise days grading was a little stricter and very few coins graded higher than MS-65. This meant that some of those "MS-65's" in those days were really MS-66 or even MS-67. Real collectors were buying these but the "investors" were buying overgraded junk at next week's prices. These were going as high as $750 for common dates. When the market tanked these coins were just decimated. Many many people got badly burned and swore they'd never get back into the hobby. They had been told that coins were "fungible" and investment was safe but the reality has always been that it's easy to buy coins cheap and very hard to sell them for full retail. The reality is that they are never a good investment because success depends on predicting the future which is impossible.

I could tell people exactly what coins to buy for appreciation but you can't find them in the marketplace. Even if something you can find gets a far higher price you won't be able to know it in advance.

Collectors tend to do well because they buy one of everything and investors do poorly because they buy what's available. In 1989 what was available in droves was overgraded and overpriced silver dollars. These were hyped to unheard of levels until the market crashed as a sort of failed ponzi scheme.

Coins are great collectibles but lousy investments.