Coins Worth Investing In, Strictly Your Own Opinion.. Please Contribute

This is a general question, could be anything from melt value Barbers to high graded Morgans.

Everyone has different views on investing so please respect others opinions on what they plan on collecting.



Since I started the thread I'll share my future collecting goals, as people may know I tend to find good deals to resell and seem to be all over with my collection. As a college student I'm fairly limited to the amount I can actually invest, which is why the idea of buying/selling seems to be a better fit for me atm. I've decided Morgans are my favorite coin and have been since I was introduced to coins by my Grandfather a few years ago. That being said I think the value of Morgans graded MS 65 have great value and I plan to add one to my collection each month. Based on recent auctions via eBay they tend to be on the low side, around $110-140 depending on the year. Varying MS 63's will run you roughly $45-65 for most common dates so why not pay for a nicer example. Hopefully I can pickup my first addition this week!

 

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I don't like to use the term investing in coin collecting, though your best potential would be in 67's in my opinion.

 

Nice thought Zach, I'm looking at ms65 Morgan's as well.

 

I might look into 67's and even 66's. I know 66's could fit into my collection if I buy a coin every other month. Maybe I'll go with a 65,66,67.. that would look nice

 

65= $100; 66= $300; 67= $700. As a college student, I suspect for monthly pick up you are looking at 65s and the occasional 66, unless you have a healthy trust fund.

 

I invest in myself, so I buy coins that lead me to further my knowledge.

If I wished to buy coins just for potential price appreciation, I would probably go with high collector grade, (xf or AU), early US coins if collecting US. Things like nice higher end large cents, half cents, draped and CB halves, etc. I figure there will always be collectors desiring these.

If ancients, I would buy higher grade well known famous coins like Athenian owls.

 

As far as making money, silver and gold is burned out. I say this because the people making any money on it are the ones selling it to you, making the buy price higher than spot, which means unless you plan on holding it for 100 years, you won't see a profit worth mentioning. Coins like Morgans are too closely related to the spot of silver, unless you can afford the few key pieces. Now, like Chris said, you could start buying up high grade old copper, but you won't get it cheap. An MS 65 might set you back 4-5K, but the potential for profit is many, many times greater than the more common coins. Thats my thought.
Guy

 

I have $36 in ebay bucks coming up so that maybe enough extra to entice me to add some more to get me to a MS 66

 

Unless you have deep pockets, getting anything much over a 65 in Morgan dollars has a diminishing value to expenditure ratio. Sure, if you want to own a MS 67 common date Morgan ( I have owned a few MS 67 and 68 Morgans for FUN), it is great. However, the ability to resell a coin like that is not all that easy. For collecting fun and amusement, I go with MS 64 and 65 Morgans, with a pretty MS 63 thrown in there as needed. Those are the biggest "bang for the buck" in the Morgan world. Also, anything toned or PL will hold its value nicely, especially the DMPLs, regardless of grade, if they have those super deep mirrors and tons of eye appeal.

 

How can I get in on eBay bucks?

 

Have fun with the Morgan dollars. If you are going to collect, invest, buy & sell Morgan dollars you probably already have these books:

Morgan and Peace Dollars by Van Allen etc (VAM BOOK)

Complete Encyclopedia of US and Colonial Coins by Walter Breen

Top 100 Morgan Dollar Varieties Book

Hot 50 Morgan Dollar Varieties Book

Carson City Morgan Dollars- Featuring the Coins of the GSA

Here is a PL66 Morgan. All the CTers that really know their Morgans probably know both the date & mint mark of this coin.

 

You have to buy items on eBayb to get eBay bucks

 

Roll finds are the best investment. You bought a few of mine (along with a couple mercs I got with a dollar face of junk silver). Next would be junk silver finds. I bought my avatar for $5 out of a junk bin and have others like it I bought at melt. I suspect on ebay I may get twice that. You did get the best roll finds that I have duplicates of. The best ones go into my Roosevelt Whitman folder. I know I have a 1970s small date I found in a roll, and according to numismedia it is worth around 1000x what I paid.

 

I would go with early Medieval...in my opinion Carolingian deniers are seriously undervalued (VF/XF specimens of some rulers can be $400) considering their rarity.

 

I wrote this recently to a similar question on the NGC boards, but my answer was not met with universal applause; superb coinage.

 

If I knew specifically what coins to invest in I
would be competing with anyone who believed
it. Which would bring into question just how
smart my coin investing is.

 

As a general statement, I must agree.

 

Superb coinage.....I like that...:thumb:

 

But broadly speaking, I believe world coins have
more potential than U.S.

 

Really? I bought some world coins thinking they might have been silver but of course they weren't. It seems the only way to get rid of them is give them away. Of course it really depends on the world coin and its metal content.