Coin Buying Advice?

Discussion in 'Coin Chat' started by pumpkinpie, Nov 13, 2011.

  1. pumpkinpie

    pumpkinpie what is this I don*t even

    I'm going to the local coin store today:D. Any suggestions on types of reasonably priced coins would be greatly appreciated.
    PP
     
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  3. Hamhawk

    Hamhawk Member

    Get something that interests you. It doesn't matter how much or how little you spend as long as you collect what you like you will always have the coolest collection any where. I'm sure you'll know it when you see it.
     
  4. phdunay

    phdunay Member

    My recommendations would change depending on how much you are willing to spend. For 100+ dollars I would recommend a 1921 peace dollar, the high relief on them makes them extremely nice yet affordable as a sought after date for the peace dollar series.
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The amount you spend is immaterial, but how you spend it is what counts. If you're going to a shop without any idea what you want or any knowledge about a particular coin or series, you would be more likely to make errors in judgement.

    Chris
     
  6. Hamhawk

    Hamhawk Member

    If youre not to sure what you want I would avoid shelling out $100 for a coin. Keep it it simple and inexpensive untill you build your knowledge of what you like. If you over spend on a $5 coin youre not really out a lot of money. But if you get burned on a $100 coin theres a lot more room to loose money.
     
  7. Hobo

    Hobo Squirrel Hater

    Your money may be better spent buying a book about a coin series that you plan to collect. Buy the book before the coin.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Tell ya what, take a camera instead of your wallet. Find a coin or 3 that you like, take pics, come back here and post those pics with asking prices. Then we can discuss whether they were reasonably priced or not.

    That's the best way I know of to answer your question for the next time you go ;)
     
  9. jloring

    jloring Senior Citizen

    Sounds like every single trip I make to the local shop...
     
  10. HULLCOINS

    HULLCOINS Junior Member

    Hey man, Please follow Doug's advice. It's a stroke of genius. That way you can go back not wanting a refund and you won't get ripped
     
  11. pumpkinpie

    pumpkinpie what is this I don*t even

    I have a (relatively) new Red Book. Would this help at all?
     
  12. GDJMSP

    GDJMSP Numismatist Moderator

    Sure it'll help. But it won't help you know what you are looking at and whether the coins are worth the asking price or not.
     
  13. wvcoal

    wvcoal New Member

    In my opinion, if you are a new collector first decide what it is you want to collect. A ship with no rudder will never reach it's destination. Meaning your collection will be bits and pieces instead of sets. I would recomend cutting your teeth on moderns like Lincoln cents or Jefferson nickels . These are cheap and easy to collect. Work into the more advanced stuff from there.

    Sent from my PD_Novel using Tapatalk
     
  14. pumpkinpie

    pumpkinpie what is this I don*t even

    I ended up getting a 1899 Barber quarter for $5.50 and a 1999 (my birth year) $1 silver eagle. I am leaning towards silver coins since I have 95% completed my Whitman coin folders for pennies and nickels from 1909- present for pennies and 1938-present for nickels.
    PP
     
  15. HULLCOINS

    HULLCOINS Junior Member

    If you don't mind me asking, what did you pay for the eagle? The quarter doesn't sound bad, can we get a picture or two?
     
  16. pumpkinpie

    pumpkinpie what is this I don*t even

    I paid $39.99 for the silver eagle. 1899oquarterza-vert (1).jpg a20792a12b3639808faf41_m.JPG
     
  17. AWalker14

    AWalker14 New Member

    Silver!!!! Buy silver!!!!
     
  18. BUncirculated

    BUncirculated Well-Known Member

    Not a bad price for the 1 oz., about going rate around me from local B&Ms.
     
  19. Mark Feld

    Mark Feld Rare coin dealer

    The fact that you're asking for suggestions about what to buy (that is not the way to buy coins) and asking about the Red Book (that is not the way to value coins) tells me that you shouldn't be buying anything at this time.

    Figure out what you like and learn about the market and values BEFORE you buy any coins.
     
  20. Hobo

    Hobo Squirrel Hater

    This is very good advice and my thoughts exactly. If you rush into buying coins without knowing what you want and what to look for and what they are worth you will be repeating the rookie mistakes of countless new collectors before you.

    Like I said above, buy the book before the coin.
     
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