Thinking of purchasing a 1909 S VDB ms65 Red or RB

Hey all, I'm thinking about acquiring the wheat king as a long term investment (10+ years) and was wondering if all red graded wheats will eventually fade to RB then brown? I have seen ogh graded rb completely brown. Just trying to pick people's brains, as it seems only logical.

Thanks as always,

Kyle

 

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"All"? No.... you seem well aware of the possibilities though.

 

I wouldn't buy it as an investment myself.....only buy it because you want it!
Quite honestly that coin isn't very rare, just highly collected. Demand MAY strengthen, but if things went the other way 09-S VDB has the furthest to fall.

Coloration can be spooky, if you get a R or RB in an older holder you can figure it has probably stabilized in there and should be good for the long haul. 10 years wouldn't change it much in anycase I don't reckon.

 

I would personally be scared off by a full red specimen as well. A strong red brown can imo be even more beautiful and interesting to look at. Regardless, just find something you like.

 

Get a really low mintage half dime or quarter eagle. The 1909-S VDB is overrated IMO and a bubble waiting to pop. But if you want to, get a nice RB coin.

Not as much as MS-70 and Proof-70 coins though...

 

Totally in agreeance, but looking at previous auction records for the past 20 years, it appears to have done quite well in all. In terms or rarity its no where near my seated proofs, but they don't have as much demand and their prices have remained almost the same (in some instances). Rb's do have some nice patterns so I may push for that not sure yet.

 

I have considered maybe a charlotte mint 2.5 gold, but again want somthing that will be highly collected. It definitely is a viable option though i especially like the story behind the ones during the confederacy occupation of the mint ; )

 

Whether a coin tones from RD to RB to BN in a holder depends on the holder and the external environment. You can take measures that should protect the coin, but there's no guarantee it won't turn. And, if it does, the PCGS guarantee doesn't cover you.

I would not purchase one very expensive coin as an investment, unless I already had significant investments in other asset classes. And, if I were to purchase an "investment coin," I wouldn't choose an S-VDB because the coin just isn't that rare.

The collector in me says that if I had $4-7000 to spend on a coin, I'd rather have a nice pattern coin or two. Another possibility would be a nice VF/low XF 1893-S Morgan; it's a much rarer coin in a similarly popular series.

Basically, if I wouldn't choose a coin you can find multiples of at every local coin show; I'd choose something significantly rarer.

 

This. A Charlotte/Dahlonega mint $2.50 gold, a high grade half dime or two, a pattern coin, an 1893-S Morgan, many things. It's a free world.

 

It's been waiting for over a century. I'm not holding my ears.

 

By which I assume you mean the Charlotte $5 with reverse crack (although it has not been proven they were, in fact, CA minted), or the Dahlonega $1 which by all accounts was. Either way though, of you did wish to take this route, get ready to pay.

The idea of the 09-S VDB's popularity being a "bubble" is a bit of a stretch considering the coin's history, but still... purchasing one only as an investment is, with all due respect, a questionable move. Unfortunately, looking at past prices paid and those paid today do not tell the whole story. Weigh all options, and look down all different avenues before making your decision.

 

Well beats the heck out of "YOUNS" -

 

Why certainly..... "was wondering if YOUNS red graded wheats will eventually fade to RB then brown?" wouldn't make a whole lot of sense.

 

Yes in the right conditions. If you keep it in the right conditions its red will far outlast any of us. If you leave in certain parts of the country you're much better off avoided red copper all together.

Agreed. The internet has shown us it really isn't rare at all. At any given time you have a countless number to choose from and that supply is not drying up

 

But the price stays the same - a market!

 

It does, but that also means its much less likely to increase as supply far outweighs demand. Between PCGS and NGC there are over 1,200 S VDB graded in MS 65 RD or higher. Do we really think there are even close to a thousand people in the market for a RD at that grade level? Theres another 1400+ in RB as well. Ironically the BN is by far and away the rarest at that level

 

Exactly. It has been well known for a long time that they're not rare or even scarce, yet the demand and value is still there. Now could things change? Sure, but would be due to a wide decrease in popularity and not because they're easily acquired.

 

Kinda like the 2009 Jefferson nickle - with almost 40 million minted they are going for 85$ a roll??? I don't get it when the 68-S Jefferson roll is going for just around 10$ when they only have 10 million mintage!

 

I don't believe in 100+ yr old RED copper coins.

 

https://www.cointalk.com/threads/oldest-red-copper-coin-youve-seen.257850/