Coin Grading

Lol!!! I really love your last sentence lol its funny you say that because right before my mom passed, she always told me "don't worry I'll come back and haunt yall!!!❤️ ( -minus the coin collection part though lol)

Still waiting.....

 

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Thank you so much for taking the time to respond in such detail!! I have been visiting mintage websites scoping out something that catchers my eye to start adding to my sad lil collection lol! I really REALLY wanted that Canadian commemorative coin they made for the Falcon lake incident "ufo phenomenon coin." But it was out of stock. I signed up for the back in stock alerts and once I received it I waited too long to go buy it. Now it's gone for good unless I want to pay around $600 on ebay

 

In my opinion, coin collecting is a hobby not an investment. If you want an investment, go buy real estate.

 

save your money don't spend 50 dollars on something that is worth 10 cents.

 

MONEY

LOT'S O' MONEY

I don't CRH either. But I collect a couple things: (a) eagles - coins with eagles on them; (b) at least one coin type per denomination; (c) pre 1800; (d) ships on coins and tokens, civil war tokens

But if you want nice examples of anything, the nicer they are, the more they cost.

 

Here is one I recently bought. I went strictly on the look and the details. Been told it has character.
So now I'm going for one of each 1853 coins. And as many 1853 quarters I can afford. Cost me 35. Pre civil war makes you wonder who may have had it.

 

Lol there is nothing wrong with your hobby being valuable.

 

That's a nice coin! Where did you find it, do you shop different coin shops or shop online? I'm kinda scared to shop online, so thinking maybe hitting up the local coin shops would be a good start!

 

Value is determined by rarity and high grade.
even fairly common coins can go for very high prices in high grades. Such as key dates in popular sets, type coins, etc.
It is constantly debated as to whether its a better investment to purchase high grade coins from Third Party Graders, TPG's, or to buy bullion coins in silver and gold, at just above metal value.
Frankly, it depends on whether you think things are going to continue as they are indefinitely, with a ready market for ultra high grades and great rarities or crash.
Those who collect bullion, known as stackers, may believe in a third way. Things collapse, but not completely, enabling them to sell their bullion for high profit
I think the next crash will be Armageddon, the end. No recovery. But those who stash silver will probably only delay the end by a few months. Guns, ammo, food and water will be like gold. If you have them, plus gold and silver, and anyone finds out, prepare to be killed for it.

 

My Papa passed on his coin collection to my Dad when he passed, Not sure exactly what all he collected but I know (after the fact) he had a lot of silver and really old desirable coins. Well when I was a teenager, I accidently spent the coins not knowing what they were. I was so upset. I thought they were just regular change. They were in my Dads cup holder in his car and I happen to take his car to the store, seen the change and thought bonus! and spent them at an Exxon gas station with a churches Chicken built inside of it. Still bothers me to this day So I have kinda had a low key obsession with coins since then.

 

Omg a prepper!! I totally agree with you the end is near, BUT isnt it always? We have tried to stock pile some necessities here and there, got plenty of guns and ammo, a few life straws, first aid..... I'm all about prepping for when SHTF! Trying to make friends with in your community is a really good idea. As long as they are of sound mind that is lol You can all band together and make a fortified Safe Haven to protect from the outside crazies and soulless. An older (pre-computer) model 4x4 truck is nice to have handy as well. I dive right into the end times prophecy and preparation!!!! Then I started thinking what's the point? I live 10 minutes from a coast line, when it goes down unless we relocate, we'll be toast no matter what!! Lol

 

One way to straddle the Investment/Collection dilemma, is to collect modern bullion coins. Such as the various gold eagles and American Silver Eagles. (ASE's) Mint sets, Proof sets, Kennedy halves, etc.
Most of these don't circulate, so even low mintage years can be found, and are reasonable. Also, most of their price reflects their bullion value. So only a small portion is the numismatic value. So, a gold set should retain a very significant percentage of its value.
Just don't sell it to a dealer. Tell your kids not to sell it to a dealer either. Heck, come here and ask for advice first!
Another good point is, modern coinage has really gone up in quality. Most coins like these, never meant for circulation, come from the mint in very high grade. So you should be able to fill whole sets with glittering proof or Mint State coins, although don't go overboard, because the set is intended to retain a high value. Paying significantly extra to get 70 is going to greatly raise the cost, with an unlikely payoff

 

Gold and silver would be a nice barteringtool to have. But money will be worth less i think

 

Aahhh! I see now, what you mean with the grading. I have started collecting the state quarters in best shape I could find
could find

 

I am not a member of any community. I guess its just my nature. I have some things which would be of great value in a crisis, including my coin collection.....which has kinda sat and aged with the birth of my youngest son.
So far as the crazies and soulless, I live in a degenerate NE city. We have a surplus.
Its fairly predictable what will be valuable,
As you imply, even some of the preppers are a bit fanatical. If I was going to go the compound route, it would have to be with those I knew and trusted. I would need pretty clear evidence too.
I do think we are near Armageddon. The Biblical final end, and not just a man-made mess. Given how bad it will be, probably even preppers will only extend things for a few months.
But if you intend it as part of your strategy, stack junk silver in all denominations. Same with gold. Buy it in smaller coins, because if you intend to use it to barter, you don't want to pay a $20 gold piece for each loaf of bread!
I bet you never realized coin collecting could be such an interesting hobby?

 

I really didn't! I have literally feverishly been going through coins upon coins upon coins. I really want to find something awesome and rare!!!
The biblical end... Am I weird to say it is exciting? Yes probably so. But everything is on point with the uptick in weird weather anomalies, the signs in the heavens i.e. the great American Eclipse and the numerology behind that whole cosmic alignment with the Virgin (Virgo) having birthing pain with the dragon at her feet..... With the eclipse came along that exact perfect alignment that is in Revelations. Even spookier is the next eclipse will finish the 'x'' Mark across America and happens exactly 7 years from the first one!!!!! So very interesting. But i definitely do NOT want to survive some cataclysmic event just to starve to death a month later....

 

Totally agreed, but I dont collect coins with an eye towards appreciation. I collect because I enjoy the coins and the history.

 

I think the current coins, with the exception of the Lincoln Cent, will have value, because they are still made from copper and nickel. Old copper cents and of course, silver and gold, will still have value.
Cash and checks will quickly become worthless.
Gold and silver have always had value. Its very likely they still will in a crash. If it doesn't happen, you can still get back their melt value.

 

Don't have any local coin shops, found this one at a pawn shop. He has another one just like it that in getting Monday for 30.

 

Oh!! I didn't even think about pawn shops!!!! Thank you thank you for that! There are plenty of those around here