Hi to everybody, I am new to this forum, I have found it very interesting. I'd like to invest some money, about $1000,for period shorter than one year. I don't wanna buy anything from ebay right now because of lack of experience that's why I would prefer mint and something rather form 2007 collection. So far I've bought some coins from 2007 as a test investment, but before I tell you what was it I'd like to know your opinions. What would you buy if you had $1000 to invest?
I would short the stock market through an ETF. Coins are not an investment particularly if your horizon is a year. If you must do coins, I'd suggest gold or platinum bullion for as close to spot as you can.
I agree with Leadfoot if you are only going to hold your purchase(s) for about a year. But your question if I'm reading it right wants to know what I would buy with $1000 of a current mint product. In this case I would purchase the 2007 1 oz.Gold Proof Buffalo. If my choices were any coin for $1000 I would invest in a VF/XF 1909-s VDB cent. A very nice coin and one that is always popular.
thx for quick replay Right now stock market according to me is for suiciders . I am not interested in buying one coin :/ Mabye something cheaper like a silver
My opinion is common date gem Morgans. PCGS graded MS-65 common dates, early S mints. You should be able to get 7-8, 9-10 if you get lucky. These are pretty solid, and may follow bullion up in value and are enjoyable to own, and sure are good lookin coins. Alot of coin for the money.
If I knew nothing about coins and had $1000 to invest, I would not be looking at coins to cash in, in a year. Given the time of year it is, I would be looking for deals on motorcycles in your area. Unless you are in a very warm climate, nobody is buying them this time of year. People are willing to sell them, so they can have money for Christmas. You buy one at $1000 and sell it in the spring for $2-3000. People buy bikes like crazy in the spring, due to the nicer weather and the fact that they just got their income tax return checks. Good Luck.. *like any investment, make sure to RESEARCH prices in your area*
Well, like others have said, coins aren't the best things to invest in, but if I were you I would purchase some VF-XF 1909 S cents (not the VDBs) or some 39 D nickels. The 39 D nickels IMO are very under rated, and if the demand gets there, they should really soar in value. Now if you want some new stuff you might want to consider buying some 2007 Silver Eagles Burnished planchets. But, like many other things, investing in coins is taking a big risk. What kind of coins do you like and collect if you don't mind me asking? Take care, and best of luck! Phoenix
Hi again, thx for help I wish I knew what all those terms like: VF-XF 1909 S cents , VDBs, IMO mean. Mabye you think someone like me who doesn't know much about coins and wants to invest money is crazy but I hope I'll learn something soon. So far I've bought 20pcs 2007 silver proof set as my friend recommended me. I was also recommended to buy 2007 United States Mint Proof Set® (P07), 2007 Sacagawea Golden Dollar rolls, Presidential $1 Coin products but unfortunately they were sold and First Spouse Series. What do you think about? QUAVIET: Buy key mint state Lincoln Cents where can you buy them? By the way I read that the next year will be the year of Lincoln, and it's good to think about investing in Lincoln cents, do you agree?
I've never lost a dime on my stock investments in over 15 years. Of course, I don't dump money into risky ventures either. As far as Mint bullion, silver is good, but if you plan on prifiting off of it, don't expect anything in a year's time. Gold may yield better, but you run the risk of this being it's peak and losing your butt if you cash out in a year. Like what was mentioned above, coins aren't a good short-term investment, especially moderns, who's values are solely based on their bullion content. I'd go with something that has numismatic value, like the mentioned 09S VDB Lincoln, or better yet, the 16D Merc dime. Those two coins, as long as I've been collecting, have never decreased in value. Guy~
Over time, I haven't lost money in the stock market, but at various times (like Spring of 2000 and the month after 9/11), I lost many thousands of dimes, but it all came back and ended up ahead of where it started. If you invest steadily, you end up buying when the market is down and the rebound offsets some of your losses. With a long-term perspective, you will almost always make money.
1000 Bucks I agree with the 09 S VDB Cent. I also think Keys,, of the coins you like. Older the better. JMO, Tony
Wow, okay. My best advice to tell you is if you really want to invest in coins, read and learn all you can. I'll help ya out a little bit. VF and XF stand for Very Fine and Extra Fine, they are grades on the Sheldon Coin Gading Scale. This is the scale most commonly used to grade what condition a coin is in. Very Fine and Extra Fine are about the middle grades, and probably the two most collected grades. To learn to grade coins you might want to do a few of several things such as 1. buy a book on grading 2. Look at slabbed (coins graded by a proffesional company) coins, and get your self familiar with grades, 3. Look at thousands of coins. 1909 S cents are one of the key cents in the Lincoln cent series, mintage of around only a little under 2 million I think. The key date of the series is the 09 S VDB cent. There were two set of cents minted that year with the VDB printed on them. The VDB standing for the designer's initials, Victor D. Brenner. The VDB is located at the 6 o clock position on the reverse of the coins in 1909. There was a controversy over the initials being where they were, so the removed them that year, and put them at the bottom of Lincoln's Bust in 1918. And since that happened, there were four sets of Lincolns to collect. 1909 P VDB, 1909 S VDB, 1909 P, and 1909 S. Now there are 3 current mints used today that mint coins, and they are: S for Sanfrancisco, D for Denver, and P for Philadelphia. You will find either a P, D, S, or no mintmark on a coin. Some coins that were minted in Philly didn't carry a mintmark for several years, and some present coins today do now. There were also other mints not used today that minted coins that you will find on some coins CC for Carson City, O for New Orleans. You will find them on some of the older coins. This a a very brief bit of knowledge to know for coins, and I hope it has helped you man. Knowledge is one powerful thing, and if you want to invest in coins, then I suggest learn all you can. But remember coins isn't the best thing to invest in, actually one of the worst things, but if you really want to invest in coins, who are any of we to stop you. But also along with investing, I would suggest throw in some collecting too, and admire the beauty that is on most of the American and World coinage. Best of luck to you. :thumb: Phoenix
$1,000 isn't very much to invest. Thats about a weeks pay for most working people and a days pay for successful people. And it really depends on what you are looking for. If you are investing it to hedge against inflation, then the person who said an ounce of gold was right. Either that or silver. If you are investing to make some profit, then you need to buy something with tangible value and get out and sell it. The person who mentioned the motorcycle has a good idea along those lines. That takes some work, but either way, nothing comes for free. If you are really concerned about $1,000, then you need to probably look to invest in some education or training in a field that can earn you a lot more money than this. $1,000 is really not much money at all.
In my opinion, for investment purposes, its not a very good time to buy gold. Right now gold is skyrocketing. If gold is what you must have wait until it hits a valley then buy, I feel that gold is almost at its peak as its not far from its all time high. Buying precious metals is much the same as buying into the stock market..buy low, sell high. Thats how people make money at that game. If I wanted to invest in gold, I'd keep the money and wait. Like paland said in his post, $1000 dollars isnt alot of money these days so whatever you decide, dont expect a huge return until it grows significantly, which could take years.
