$1500 to spend

Hi everyone, I thought I would get some ideas, insight, and advise. I recently received a bonus of $1500.00. I am currently collecting slabbed Lincolns, but I feel like I need to deviate from the norm. I was wondering what ideas any of you would have in allocating this $1500? Is there a particular coin(s) that would be a good investment choice besides the gold St Gaudens or other gold coinage? Or, is that the best option?

I appreciate any feedback!
Thanks!

 

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If I had a windfall and no bills, my choice would be to finish my Lincoln Cents with a 1909 VDBS.

 

The best numismatic "investment" one can make is in themselves. First ask yourself how much you genuinely know about whatever other coins you may be willing to consider and/or have interest in. If very well-versed you're halfway there, but if not the best way to give whatever purchase you end up making the greatest chance of succeeding is to be as knowledgeable as possible. Also, don't allow emotions to play any part in your decision.

 

That is a very good choice! it is definitely going to be on my mind. Thanks for the reminder!

 

This is a NO BRAINER for me. Get a PROOF Morgan Dollar !!!!

 

Spending a large chunk of money on some random coin that has nothing to do with your set is a recipe for regret.

I don't know what grades you're collecting, but if you are serious about your Lincoln set then I would recommend looking for a couple of the key dates that you wouldn't normally be able to afford.

 

Very good and wise advise Books! Impressed with "Books B4 Coins! I do quite a bit of reading but I know there is much more I could learn, numismatically speaking.
History of a coin plays a major role in my emotions.
Thank you for your insight!

 

Classy, your point has made me focus back on my collection. So far, 80% of my Lincolns (1909-1958) are high grade Reds (PCGS). I only have a handful of the key dates. I could go for a couple of the tougher keys in a good grade. So thank you for helping me in my decision process!

 

Personally speaking. If I had a 1500 windfall, I would hunt down a choice St Gaudens. I feel they are slightly undervalued currently. And that’s only the pit of my gut speaking. But you are on the right track filling the spaces your desire tells you to fill. That’s the only true way to enjoy a hobby.

 

Thanks Randy! I have never owned a St. Gaudens, though I have thought of it many times. I love the coin. To own one, you want more and that collection is a bit out of my financial league to pursue. Then again, just having one choice one would be a great asset no matter what.

 

I won’t tell you any lies. Yes, your first gold purchase is like eating that first Lays potato chip. You just can’t seem to just stop at one!

 

For $1,500? One worth bringing home? I suppose it could be done, but lots of luck.

 

That's really a good point, not only regarding a PR Morgan but any coin. When one has a certain budget to work within it's all too easy to stretch and is a good way to end up with a hot potato or a dog, especially if in an area outside of one's knowledge. In fact, it's often a better idea to be willing to pay up, top or well top of accepted retail, for quality than it is to settle or try to eek out what may seem like a "deal".

There's a very good reason why the best coins generally sell themselves.

 

Coins in my mind sight aren't investments, they are money yes but like anything else values can go up or down.
If I were to be at this cross road....my thoughts would be quite simple
1 research my interest in collecting to a key to that which I am. Collecting
2 what has been the track record of said specimen?
A, has it always held its own in the market or has it had its ups and downs.
B, has its value held steady over a time peroid so its value has more so gained or stayed steady
3 Is there anything that could derail my personal life that a quick liquidtion may have to be considered? And if so could I at least break even?
4 What other coins within my interest could I buy that would expand my set or interest that in the long run better my collecting experence.
Yeah I know advice is cheap.... food for thought is what making good decisions is about.
Sometimes we are so intent to arrive at our destination we fail to enjoy the ride.

 

You lost me at investment. I know what you mean - something to hold its value and maybe grow. I would say invest 750 in the market and 750 in a coin and see which is worth more in 10 years. I figure you will get a lot of what others like but you have to decide for yourself - for 1500 you can buy some nice MS graded barbers or seated coinage. No guarantee the prices will hold or grow. I prefer copper myself, but have not found one I want to buy in quite a while. You might just want to watch a few auction sites for a while to see if you can find something that really peaks your interest.

 

If I were you, I would see how many cool silver rounds I could buy, and how many countries I could get them from, especially with the price of silver being where it is today. Thats just me though, mabye throw in something else to mix it up. If you are interested, No B/S/T offers or discussions in general threads. Only in classifieds

 

Haha, yea i too, have 1500 worth of coins you could buy, and make out like a fat rat possibly. PM me! I promise it wont fund global terrorism.

 

Very generous of you, Heavy.

 

Investing in coins is something that many here frown upon, and with good reason, because investing denotes a return on investment at some point, which coin collecting often does not. That said, if someone plunked $1500 into my grubby hands I would buy a MS-60 Indian Head Gold Eagle.
Edit: In checking auction sites it appears one can buy two mint state Indian Head Gold Eagles for $1500, possibly less.

 

I've always liked real estate as a good investment especially bridges.