Some coins I'm thinking about purchasing.

In my last thread I mentioned buying other key date coins instead of a 1916D Mercury Dime. Here they are. Could you guys give me the Red Book prices of these coins? I do not have a Red Book. What do you guys think of these coins, are they good investments? Please help. - coincrazed

1931S $.01, Fine-12
1921D $.10, Good-4
1921 $.10, Good-4
1914S $.25, Good-4
1932D $.25, Good-4
1938D $.50, Good-4

 

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I would not call any coin a good investment. But key dates are probably the best choice to make.

 

I was going to say this before but I didnt want to talk you out of getting the 1916D…… I suggest purchasing the best 1921D for the money. Id be willing to bet $475 would move this one------http://coins.ha.com/common/view_item.php?Inventory_No=800033571
you would be much happier with a key date in VF30 than 4 G4's IMO

 

I suggest you read the forums for 2 weeks and keep posting and in that time you buy a redbook and plan on what you want your coin collection to be like.
After those 2 weeks go get what you want.

 

I agree - the higher the grade the better on the key dates.

 

What I've noticed in my own collecting experience and from other's, decide on what grade you want your entire collection to be first. The reason behind this is if you buy lets say a G4 14s $.25 and the rest of your collection is lets say xf you may not be happy with the looks of your g4 matching your set. Then later you will want to upgrade in lets say 2 years you will pay more for the xf key date than you would of now. Granted its only a suggestion but something to consider. I know the 14s isn't the key to the series and I used it just as an example

 

coincrazed- since you were saving up for a 1916-d, you also might consider a nice gold half eagle, like a $5 indian! You could get a really nice AU for half of what a G-4 1916-d would cost, and you have a nice chunk of gold as well.

 

Generally, coins are not the best investments. I would suggest that you take your time and do some more research before putting a lot of your hard-earned money on the line. These coins are not going anywhere so try your best not to fall victim to an impulse buy. Regret is an awful feeling. Good luck! TC

 

Don't settle, and don't be in too big a hurry, take your time and figure out what it is you really want, and just what grade you want it in. you will find that the higher grade key date coins will make you happier in the long run.

 

http://www.empirecoins.net/shop/ Look at some of these prices and grades. There are places cheaper and more expensive. Don't go by the Red Book. You say a 1931-S cent interests you, take notice of the grades and prices. As the grade gets higher the value only slightly rises, so for a couple extra dollars you can go from F12 To XF or so. Don't rush in to it...

 

the 1921 10 cents is cheap. I saw a vG8 for $60 slabbed the other day. you should be able to find deals on them.

 

No offense is meant, but from what I have read thus far, I would suggest strongly that you learn a whole heck of a lot more about the hobby-industry before going off and purchasing these pieces. You appear to be quite new to coins and likely do not understand well the concepts of grading, eye appeal, problem coins, pricing and, most importantly in this thread, I don't believe you have a good grasp of what might make a coin a "key" vs. a low mintage.

The coins you have listed would overall be considered by me to be dogs as far as investment is concerned. They are quite low in grade, which by itself does not mean they are not worth owning, but these are from modern sets where higher graded coins are available by the bucketful for not all that much more money. The best example of this is the 1938-D WLH that has a Greysheet bid of $60 in your target G4, but only rises to $90 in F12 or $110 in VF20. This coin is available all the time in coin shops and online. It is also the perfect example of a coin that had a low mintage, but could not in any way be considered "key".

Again, I mean no offense, but I can see your $850 wallet being worth significantly less in terms of your "investments" is you do not learn this hobby-industry much better. Good luck.

 

Anybody else see the irony in somebody wanting to put almost 1k in coins but not buy a $15 dollar book? Then again, maybe some people are just saving their money for coins instead of pages. Either way, you could just go to a local book store or libary and look up a redbook prices.

Somebody on CT once asked for graysheet pricing on two coins they were going to sell. I figured I'll be a nice guy and PMed them the price I had. In reponse, I was told, thanks and look up following coins for me also while your at it. Needless to say I didn't reply.

 

That's probably the same type of people that were "investing" in coins back in the 80's when the market fell...

 

Perhaps these sites will start you off without an investment.
http://www.pcgs.com/Photograde/#
http://www.numismedia.com/fmv/fmv.shtml

 

Good point. If those same people want to "invest" I have a bridge I'd be happy to sell them.

 

But that's not what the guy selling them to me said. He said they were great investment and always went up in value. In fact, I don't even know why he was selling them because they always do so well.

Ever wonder if stock brokers who sold Enron shares went to to become commerical real estate salesmen to now being coin dealers?

 

Crazed,

I would only be repeating what others have said here. If the money is burning a hole in your pocket, go to Las Vegas. Otherwise, if you want a good investment tip, buy real estate.

Chris

 

Well, great. This all does me a lot of good. I ask a question and no one gives me an answer? What is this? And then people start saying I don't know how to grade coins, and I'm a big cheapskate because I asked for the prices for some coins, and I'm an idiot because I think of coins as investments? Great! Thanks a lot guys. You have really succeeded at offending me. - coincrazed

 

Nobody is looking to offend you. We want you to stop and take your time to pick what works best for you. All of the key dates you listed are fine - but what do you really want? Just a key date - or a key date and a collection to go with it. There is no reason to rush - take your time and it can save you hundreds of dollars in the long run. The problem is a lot of people think they can buy a coin one day, sell it the next month and make a profit. You can - but we typically call them dealers. So just don't rush.