If you had $500 to invest in coins per month what would you buy?

Hi B.J.
You have caught the right person with the right question.
If you are just starting out, you do not need to listen to all the veteran experts.
Everyone thinks they are one.

Here is your answer.
Invest in coins, tokens, currency or other items that you can turn around and sell tomorrow for a profit.
The low end stuff is the way to go. Buy low end quality coins that you can turn at coin clubs, etc.
This also gives you a chance to broaden you interest in items you would not otherwise buy.
Example: I purchased 100 Vietnam Bills 100 Dong for $2.00 total.
I did not need them but I saw a possibility. I sell them mixed with other items at Coin Club for about $1.00 each. This pays for my coin habit. After selling two you can really enjoy the rest (98 FREE).
EBay is full of bargains.
Become knowledgeable in a particular subject and you have the advantage over the high flying dealers. Pick out the deals.
Walk around coins show and see what everyone is viewing. Listen carefully.

In my last coin show, a dealer friend had a strange token.
it was so interesting, I purchased one on EBay and then another.
Sold the first one for profit and I have the second one FREE plus $5.00.
In fact, I have purchased 5 more on-line and will sell them to dealers at coin shows. (They are hot)

Mint sets are good when you can buy them for FACE VALUE plus pennies.
How much can you loose and you have the uncirculated coins.

Jump in and try it. You might not need $500.00 per month.

A Friend

 

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OK, I'm a completely clueless rookie with no awareness of numismatic concepts at all. Could you, in your wisdom, tell me how I can reliably find stuff like that?

Added: as an example, I look at every single 1921 Morgan for sale in every venue I can find - a couple thousand a week all told. I don't see more than a couple a week I could reliably flip for profit.

 

The OP was looking for an investment that would turn a profit in 5-10 years, so you comment is irrelevant.

Chris

 

You can't make this stuff up!

 

"First, you get a stick long enough to lever the Earth off its' axis...."

 

Barber quarter in MS64
2.5 Ind. in MS63
$5 Lib in MS63
Barber dime in MS65
Seated dime in MS64

 

As an advanced age male who basically has an attitude similar to yours, I believe you'll generally find little sympathy, and seemingly comparable logic/advice.

I've invested in tangible items most of my life, not having a credit rating, or faith in Fiat, a program as yours was necessitated.

I personally found coins to be one of my better investments. I believe your farm is the best choice.

It would be foolhardy to openly advise in this venue, as you've already recognized the quality of our advice. It appears that many have accepted like kind to their advice. It's worth every cent paid.

I constantly successfully "invest" in coins , and numerous other tangible items, generally in excess of your stated budget (last nights purchase was a PCGS MS65 $20 at considerably less than "fair market"), but believe if interested I could supply meaningful advice in a PM. You may need to defer your periodic payments for a cycle or two, and learn more about selected type coins. I believe in the future you'll appreciate the education, as others who've listened and learned.

JMHO

 

Hi B.J.
If you are just starting out, you do not need to listen to all the veteran experts.
Everyone thinks they are one.

pull out the brasso and make sure all the coins are nice and shiny for eye appeal
NOT !!

 

It wouldn't be coins!

 

Hey @bgkentucky123 I had mentioned a previous thread you might be interested in, it is https://www.cointalk.com/threads/10...e-appreciation-in-next-10-years.279239/page-8

 

You can probably make more money by buying a $500 gun every month and holding for 10 years. You can stick them in your bunker in preparation for the apocalypse. Guns will be worth more than coins anyway.

 

Not to mention, with enough guns you can simply take the coins you want and drastically lower your budget that way.

 

Hey, start buying all the AR-15's you can find for $700-800 and stack them in your barn. These are items that will go up in value if a ban on these weapons happens again. Plus you can use one to guard your gold and silver coins, and you can shoot your neighbor's dog if he chases your cattle or sheep.

Seriously, buy silver and possibly gold coins you like for fun. Don't worry about investment in coins or gold and silver. It is ok as insurance against hyperinflation or depression maybe. 5% of you money in gold or silver and that's it. If you buy a very rare coin the value probably will go up in a decade or two. Myself, I just like to fill the holes in my Dansco albums.

 

Another new member who vanishes after trying to stir something.

 

Another new member who vanishes after 3 pages of mostly abuse.

 

I knew he was gone as soon as I read the first couple of replies. I did not help matters, but you have to be able to take a joke. $500 a month devoted to coins or gold and silver.....you have to do this for 30-40 years and then with coins you probably lose money. This is just the truth unless you stack silver or gold for 50 years and pray for a bull market spike. $500 contributed to S&P for 40 years is a pretty good investment as far as we know but it is a rocky ride. If I helped drive away somebody I am sorry, but I thought it was a joke. I have worked with stocks for years and I still lose money on trades in the short run......5 years.

 

Don't know if @bgkentucky123 is gone, but I hope not, seemed like a sincere guy who was not adverse to learning...and besides, he is from KY!!!

 

You needn't be sorry for your posts anymore than the remainder of us contributors.

I believe it can be proven that the OP was an "informed" individual, with an agenda of hopefully finding an easy solution to a complex investment problem. The same problem that most investors experience, how to enrich ones self, securely without risk. A formidable task, generally without an easy solution for those controlled by the innate tendencies of "human nature".

An example that you may fathom is the capability for human success in the "Stock Market". I suggest you read the article in this link to possibly understand the human limitations in a unique environment, and your probabilities for control of personal success:
edited

I've followed some of your posts which I believe are quite contrary to advice from an informed individual. I.e. absolute statements that violate experienced knowledge precepts. I can cite specific examples, which would probably be counterproductive as others in this thread, but believe you know the truth.

I suggest that you become more knowledgeable before posting absolute statements, and if posting same, please post the logic process, or supporting evidence.

I respect your forthright statement, and trust that my process of understanding is correct in your knowing that my post isn't intended to be critical, but hopefully informative.

JMHO

 

I see too many sides of these equations so I probably contradict myself. I don't think the average person or even expert can get rich in bullion markets except by luck. As for coins the same things goes IMO. You disagree with me I guess. I understand a little about the stock market after investing for almost 40 years. Coins are just fun for me. I think I did at least quadruple my money over time in the market and most of it was luck. I have never made a dime in silver, coins or gold. I bought and sold at the wrong times. I sold antiques and never made a profit. I did ok with stocks because I never sold any until I turned my portfolio over to an expert. He sold some stocks and made some money and he lost some money, but overall he could be objective enough with other people's money to do the right thing. Tell me where I am off the beam and I will try and explain my thoughts. I am not a good businessman but I just held on when everyone else seemed to be selling or buying. Correct me if you think I need correcting! I just came here for fun.

 

Mr. King:

Thank you for your objective inquiry which appears void of absolute statements. Much Appreciated!!

I believe you are absolutely correct that the "average person" will not get "rich" in the "BULLION" market. I've helped neophytes get rich in the coin market by teaching the basics of collecting as an investment. It's complicated, violating human tendencies, requiring one to learn before buying, don't collect what's readily available to the majority, be patient, learn human traits for buying/selling, be prepared to instantly "pull the trigger" when an anomaly is found, don't be greedy when selling, etc..

All of the above parameters were taught, learned, and tested. Those who learned/applied were rewarded with abnormal returns. Those who didn't were rejected from the program. Generally "American" average learned traits seem irreversible. I've been very "successful", with that word meaning in my vocabulary, "better than known peers".

I've been a participant in the "stock market" for more than a half century, generally as a "successful" contrarian. Successfully selling "Blue Chips short, etc, offering stock sales "brokers" to personally lose or be paid the difference between 6 months gains in personally selected portfolios. I enjoyed the successful endeavors, and the rewards.

Pertaining to "absolute" statements, you may recognize this amongst others of your statements: "A 1913-S, 1909-D or 1914 has mintage of less than 100,000 and these are coins that circulated. They are not that much more that 1927 or 1928 with mintage in millions." All of my selling associates thought, as I, you hadn't ever tried to acquire these scarce coins. When I asked a respected seller on this site if he could deliver as you stated. He said I'd be in a "long line". I have an extraordinary collection of the $20 Double Eagles, widely known for my unusual scarce date accumulations, having been contacted by world-wide buyers trying to locate these coins, being referred by salesmen at National Gold Exchange. If you know of a source as stated, I'm a complete buyer for the offerings.

Please consider when you make absolute statements, the uninformed may construe your "statements" (i.e. not opinions) as knowledgeable fact, possibly losing additional credibility for CoinTalk.

If my believed statements appear incorrect to you, please post any exception, as I recognize my fallibility.

Thank you for your patient reply!!