Just looking for advice

Over the last several months I have been getting into coin collecting. So far I have just been picking up coins that I am attracted to. Most of my purchases have been 1oz silver coins from around the world, along with some morgans, a few buffalo nickels etc..
I really like the look of the 1oz silver coins, are there any series our there that are a worth while investment???
I also really love the older coins, so far the morgans are my oldest but I don't have a ton of money to spend on coins and get worried about knock offs etx. Are there other older coins that are not too expensive out there??
Thanks in advance for any information.

 

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There are plenty of coins that you can get for close to melt. Franklin half dollars are a great example of this. I will say the same thing everyone else will say: learn first, but second. The more you know, the further your dollar goes. Also, very few people make any money investing in coins. If we did, we would all be rich. Making money on coins is very difficult and requires an immense amount of knowledge and a bit of luck. I do not recommend trying to invest into coins without learning all about the coins you’re going to buy.

 

Thanks for the reply. Im not really looking for an ROI, I mostly just enjoy the search for something unique. The kid really likes some of the designs on the 1oz coins and am looking for maybe a series we can get into collecting together.
I am more interested in the in older somewhat rare coins with interesting history, that do not cost an arm and a leg ha.

 

I love silver. Just keep collecting the ones you like. Don't forget the war nickels have silver in them, too.

 

As @Seattlite86 said, if you’re getting into coins for investment purposes only, you should probably look at other ways to invest.

Collecting coins as a hobby is much more fun!

 

Forget the investment piece. I'm doing as a hobby.

 

Older coins that don't cost an arm and a leg... maybe circulated 3 cent nickel coins, buffalo nickels or wheat cents.

 

Lots of really nice Morgan and Peace dollars out there very reasonably priced. They are large beautiful silver coins filled with historical significance. Welcome!

 

I’ll second the Peace Dollar suggestion.

 

That was easy!

 

Thats kind of the route I was figuring! Great suggestions!!!!

 

There are a jillion ways to collect coins. If you don’t believe it, hang around for a while. The key, to me, is doing it in a manner one can comfortably afford and have the most fun with. Read a lot about coins and see what interests you to start with.

 

If you like things with varying designs every year, the Australian Kookaburra is a good choice - much more interesting than Silver Eagles. You could do a world round set.
A type set it a good way to learn about the different denominations and designs throughout U.S. history.
If you like Morgan Dollars, and want to find things that could have some good ROI, look for scarce to rare VAMs. Here is where to learn about them: www.vamworld.com.

 

I like the world roun idea for doing with the kid. Any suggestions on where the best place to start hunting these down would be???
We did buy a few of the kookaburra and will continue do so as they come out!!
She also loves animals so thought about doing some collecting around that

 

All suggestions are greatly appreciate!!!

 

I personally caution against starting a young child at coins/medals so expensive, especially if you have a low budget. I started with lincoln cents and think that it's a great start for kids. Do as you like and what you wish, but silver rounds get costly and will make adding to that collection difficult and pricey.

 

Invest in a copy of The Red Book. Don’t pay much attention to the prices. Due to publishing deadline, they may not be very accurate. But you’ll get a good view of all US coins.

 

Great idea!

 

On the cheap, you and she can pull State or America the Beautiful quarters out of pocket change. Some of the older ones may not be in the best of shape, but it is a good, low cost introduction to the hobby.

Also, there is no reason why you can't work on a couple of different types of collections. Maybe the circulated coins that I suggested and the more expensive ones for special occasions, trips to the local coin shop (LCS) or coin shows.

I also read that the US Mint is starting a program next year, geared towards young collectors.

Something I do for my 2 nephews (3 & 9) who aren't into coins (yet?), is give them a current year Silver Eagle for their birthday, and an older one for Christmas (or any holiday you may celebrate). With the first coin, I gave them each a Dansco album to put them in. Worst case scenario, when they turn 18 (as an example) they will have 36 ounces of silver. To make this easier for me, I actually purchased 2 sets, which is where I get the older coins, at 'bulk' pricing.