Is this an okay investment ?

I bought this coin for 16 USD including shipping . Can anyone let me know on this deal ? I am new to coin collection and its my new hobby !

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=220382503104&ssPageName=ADME:X:AAQ:US:1123

 

Log in or Sign up to hide this ad.

Be sure to define right off the bat whether you'll be collecting or investing, as it is very difficult to mix the two for a beginner.

As far as the coin goes, it looks nice to me. Although I'm not familiar with prices on these, I'd happily pay at least $20 for it.

 

Well it is not a bad deal but can I ask why you bought the coin in the 1st place? did you do it for investment only or did you do it because you liked the coin, me I like the coin LOL

 

I am a investor ... I like coins been a hobby since I was kid but not these old coins. Old coins are clearly for investment

Is it ok for a deal ? I am looking for 4-5 years time frame . Which are good investor coins - do we have a thread on Cointalk for that? I will search but please let me know if u have bookmarked any .

Thanks

 

Should I try to get it slabbed btw ? If yes how do I go about doing that

 

Have a look in the bullion forum

 

Indeed.

Thevishy, I think you'll find that, while cointalk represents a wide range of collectors/investors, the majority of posters in the World/Ancient section are collectors. In my opinion, if you want to invest, go to Wall St. If you really want to invest in coins, then the only effective way is to become a dealer.

I do not think this coin is worth getting slabbed, at MOST it would be graded EF, and there is little doubt that it is genuine.

 

I invest in Wall Street , and now am investing in coins which forms a small oprtion of my portfolio I like to collect rare coins . I will check bullion forumn too

 

Hey, my uncle has one like that he got as a child...but it's covered in glue stains...

 

Well, you're not going to get rich investing in $16 coins in EF condition...

I rocommend you aim for higher value and higher grade.

 

But if you want to do that, always keep in mind the risks you would be taking... Best of luck with whatever you decide to do. :high5: :thumb:

Phoenix

 

I think you're going to have to wait a while to make any money off that coin. I bought one in similar condition in Japan 2 or 3 years ago for $8.00, and I would be lucky to sell it back for $10 now. Coins like that have much more value as historical curiosities than as investment items, especially in the United States where the overall market for foreign coins is very weak.

 

Thanks . I think its not a good investment but didn't want to fall back on the bid . I have become more wiser with respect to investing . Coins of higher grades makes more sense and also the risks that come along . Some people suggest anything over MS 65 for investment and that too mostly centric on the US coins .
I think the foreign coins are not in the same boat as US in terms of coin collection which is very interesting .I decided to hedge some of my money into coins anyway .

 

If you are investing in coins. Hopefully you are under the age of 10:rolling:

Seriously - if investing for growth, I think you have to invest in the best (grade wise) coin you can afford. I think that is where you gain the most. Rarity or availability may not relate to investment. I have some coins that only a handful exist and are only worth a couple of US dollars.

US coins are the most in demand in general. But with the internet, other countries are catching up (I can only hope as I can't afford US so my collection is mainly non-US).
Some invest in the metal content(silver/gold) in which case condition means little.

Good luck regardless. But note if you be into French - Let me know.

 

Thanks , I invest in coins as a hedge - my main investment is in shares . I believe the metal prices are heading northwards so I invest in precious metal coins mostly . I will definitely contact you if I am thinking about French coin investments .
As you pointed out I feel the non us coins might have high demand in future ..

Rgds

 

If you are going for the 'bullion' value on coins ( metal content only). I would suggest Morgans or peace dollars that are heavily worn. You can go to any shop and find them for the silver content.
I prefer to pay a premium and get a coin that has some value.

 

If it's for the investment, I'd suggest buying gold coins from the US Mint.

If you invest in bullion, that's fine too, but first, they wouldn't be coins, and second, don't do it while the metal prices are so high.