Looking to invest. Got any tips?

Looking to invest in U.S. Coins. Got any tips?

I have $1,400 that I "might" invest in a coin or two.

What's the best thing to look for in U.S. coins?
Stuff straight from the U.S. Mint such as rolls, or sets?
PCGS or NGC graded colonial coins?
PCGS or NGC graded silver dollars morgan and below?


Thanks for any help. I've got $1,400 in savings just sitting there doing nothing. I could be investing it! Too bad I didn't buy tons of those 2006W Silver Eagle Proofs 2 years ago, they nearly tripled in value! I did, however, buy one of them for $26. Now those go for $50-60. damn.

edit: woops, can you move this to U.S. Coins forum? Thanks a million! :hail:

 

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get yourself a ms 1909 s vdb lincoln, guaranteed to go up in value next year

 

send it allt o me ill invest it properly for you its dangerous to invest without being an expert

 

Well, a lot of people will give you all the advice you need in one word: don't. Coins are no way a good investment. Instead of investing, collect what you like. Then, if it rises in value, an added bonus. Now, if you truly want to invest, I'd go a little different route, I'd put it into bullion. Buy some gold coins. 1/10 ounce coins if you want a variety, or you can get an ounce and a half for $1400 I think. What do you like in the way of coins?

Phoenix

 

hmm the bullion thing does sound ok. I just hope the price doesn't drop major or something...probably won't in America though. The 1909 s vdb is definately at the price range in the MS-60 (61 if lucky)...and the red book shows a rather significant increase in the price for them from 2007 to 2008! so that's definately an idea...though do many enjoy paying thousands for a lincoln cent!? LMAO

the bullion is safer. Even if the coin was damaged, the bullion value would remain. I'll read up on the price of gold and platinum and find the greatest increase. both are valuable.

 

WOWWW...gold's rose...$900 and ounce? I must be going mad? That's...I remember it being $700 just months ago....wtf!?

 

Don't invest in US coins. The pitfalls are too many and too easily found.

it appears that inflation is here for awhile, maybe buy some gold, at least the margin on that stuff is under 10% instead of 15%+ like it is on rare coins.

 

Bullion was a good, safe investment 3 or 4 years ago. Sure, with hindsight being 20/20, it is rhetorical to say that today. I'm no expert. Having said that, in 2003 I believed that gold and silver were way under valued. An investor feels comfortable claiming that position in 2008 when silver was at $4.50 an ounce back then, watching it close today at $16.49. Gold at $450 an ounce in 2004 was certainly expensive, but today it seems like a bargain when it stands at $910.70. Of course this must be taken into consideration along with a declining value of the dollar versus comparisons made with other major currencies. Nevertheless, tripiling your money in silver or doubling it in gold on paper was once possible, but I'm not so convinced now.

I made my moves back when, and today I must live with the decisions I made. In a certain sense I hope the more optimistic prognosticators are correct when they predict $2,000 gold or $60 silver in a few years. Do I feel sorry for YNs and collectors on a strict budget? Of course I do, but I was a YN once, and I had to make some hard and fast choices when faced with collecting on a budget. They will too. It is a cyclical part of the hobby that will always be a consideration.

Collectors who genuinely don't care about increases or decreases in the dollar value of their collections are few and far between. They collect coins for the simple pleasure the hobby offers, and enjoy separating themselves from the speculators who hope to see their collections rise in value, be it due to trends within the hobby or because of spikes in precious metal prices. Their altruism is admirable, but I believe such collectors to be the exception rather than the rule. I'll go out on what I believe to be a thick limb and say that many more collectors are at least partially driven by potential profit motives.

Investing in bullion today has a much greater risk than it did a few short years ago. A safer bet would be to put your money into key or semi-key date coins- Morgans, Walkers, Lincolns, etc. Semi-key gold is my personal preference. It might not seem as sexy as investing in and making a killing off of strictly bullion- bragging rights aside- because it might take you several years more to see the same profit. However, if you are invested in coins with a potentially huge precious metal and numismatic value, you are kind of splitting the difference with gold Double Eagles, Eagles, etc.

I wish you luck in whatever path you choose to follow.

 

I don't get the sense that you know what you want. Bullion is the only thing that could qualify as an "investment" in your situation, and even there you seem somewhat uncomfortable with the prospect of price flucutations that go against you. You may want to rethink the whole thing.

Regarding the belief frequently expressed that coins aren't a good investment, the silver eagles I purchased for $5 seem to be doing okay, and the Morgan dollars my grandfather collected for $1 each also seem okay. Coins will probably never outperform the stock market, but can be just as good as bank interest if you avoid overpaying or buying junk.

 

If you want to 'invest" to make money, buy some bonds. At least you KNOW you'll double your money after so many years. With coins it's a complete gamble. You might as well find a "hot" slot machine, as your odds will be about the same.
Good luck.
Guy~

 

There's not many people that get rich investing in coins. Like the old saying goes...."You have to have money to make money" but even that doesnt guarantee everlasting wealth. Anyway, stocks or bonds will give you a better return on your money. Precious metals are just like stocks in a sense that you should buy low and sell high. Right now metals are high, not a good time to buy bullion. Good Luck with whatever you choose.

 

So many things you could buy with that money to help the economy. And remember that it is the area of the country that could make a big difference. For example you could buy guns in Arizona and bring take them to Chicago and resell them for about 10X what you paid. South side a bit more. Don't invest in Sun Tan oils in Alaska. Purchasing a dog sled and taking to Texas would also not be advisable.
With coins I suggest the famous 55 Lincoln Double Die or the 72. Both are sky rocketing in value everywhere. That 72 Double is jumping in value about $100/year around here.

 

Sell.

 

Isnt it strange....a bunch of coin collectors telling people not to buy coins.

 

Psssttt.....

It leaves more for the rest of us that way.

 

not buy coins? :rolling: i'd buy some high grade semi key lincoln cents.

 

Buying coins for collecting is one thing, buying coins for investment purposes is a whole different world. I would encourage anyone to buy coins for the enjoyment of collecting. Anyone thats been around coin collecting for any length of time knows that the average coin collector will never get rich selling their collection. If you're fortunate enough to be able to afford a 1913 Liberty Nickel and can hide it away for 5 - 10 years and make a million dollars then thats different. I dont happen to know anyone like that.

 

Buying and investing are two totally different things.

Phoenix

 

Yes, Investing is buying Apple at $202 like Crrrrramer wanted you to, and now you got $130.


Buying coins is buying a MS SVDB for four grand......and you still got a MS SVDB worth four grand