I know there has been a lot of talk about silver lately, but it seems like mostly it's about how it's such a great time to sell and how everyone's getting rich. Well, I'm on the other end of the spectrum. I'd like to try to assemble some sets of common date coins like silver Washington quarters, barber quarters, Franklin and liberty halves, etc. Every time I go to a coin shop, they cost more than they did before. Now I know that no one knows for sure what the future will bring, but I'd like to get some people's opinions. If you were in my place, would you buy now, thinking that it might be years and years before silver drops again, or would you hold off, thinking that in a few years I can get these quarters for $2 or $3 and these halves for $5? Keep in mind I'm mostly talking "junk" silver, not graded or really nice.
Try collecting what everyone else is not. Look for two feather Buffalos. Look for the 3 1/2 legs Buffalos. Check out Type II Franklin halves or Type B Washington Quarters. Foreign. Some of the Modern commeratives are selling for a song. Go for what evryone else is passing on. Just my thoughts.
This is a good time to collect Jeffersons and Cents. Key dates aren't bringing as much as they did a short time ago. And even key date Roosies are not much over melt.
2nd on the type b Frankies. Ive been picking them up on the cheap and mostly graded already but unattributed. For some reason, I have been picking up 95 and 08 silver Kennedys too. They have runs of only 600k but are still pretty cheap, even graded.
I have been fighting the same battle as you mention above dragon. Myself I try to buy the finest grade I can at the best price I can get. Precious medals will always rise and fall in value as long as the world keeps turning. Myself I pay what I feel personally is my limit for any givin coin that I feel im happy living with regardless of the metals market. There is a fine line between a collector and an investor. Buy the finest coin you can for your collection that you will likely never sell and your a collector. Try to buy lower grade coins at the best current metal prices and your an investor. I like to collect older coins and leave all of my precious metal investing to raw modern coins (ASE,rounds,bars) as most of them are produced and marketed for investors. Just my thoughts on the situation as most of us are collector/investors even if we dont try to be.
My advice is to get them now....try to complete Your sets and enjoy Your hobby. Don`t focus on daily spot prices, (leave that to Us bullion collectors/investors) while You wait for the perfect time to buy.....the perfect time is ANYTIME if You have the money and are not neglecting any of Your priorities. : )
To a certain extent it does. I was thinking today that I wish there were no rare mintages and that the mint made millions and millions of every coin. I know many people get a thrill from getting that rare, big money coin but I'm more in it to get an example of every coin, and the high price just means it will take me a lot longer to get what I want. But as many people said, I have been trying to get other, non-silver coins, but I'm getting to the point where I have all but the expensive Lincolns, Buffalos, Indian Heads, etc., so I'm looking for the next challenge and most of what remains that isn't too high priced is common silver. I don't have a huge coin budget so if I go after expensive coins, I'm looking at buying three or four a month. Back when I was first completing sets like the Jefferson nickels I could go and buy 100 coins and spend under $100, and I kind of miss that. I'm the kind of person who has trouble feeling satisfied until I finish something, and I hate having those few holes in the Whitman folders glaring at me.
I collect a lot of silver coinage but have put that on hold. My focus is now on a series that does not fluctuate based on silver spot. TC
I guess that I was lucky collecting silver coins a couple of years ago. I still seeing some good deals at local auctions for Peace and Morgan dollars for less than melt. They are going up as the price of silver has jumped to over $23/ounze.
