I want to buy a coin or coins I have 200.00 dollars what would be a good coin that I could get for that price that should go up in value over the next few years? Thanks
Friend, if I knew the answer to your question I sure wouldn't post the information publicly - I'd just cash in all my CDs, sell all my stock and real estate, and buy every example I could find of that coin. Unfortunately, my crystal ball remains broken. Your best bet to get investment advice worth following would be to check out which investment newsletters have the best record over the past few years, and subscribe to them. This is a forum for coin collectors, where we discuss various aspects of collecting coins and occasionally exonumia.
If you like modern commemoratives maybe try to pick up a 2001 Buffalo. It is a very attractive coin. It is very popular with collectors and has a good track record of increasing value. Try to find one that offers free shipping. Your better off putting the money into the coin than the shipping. Most importantly buy what you like.
I think half cents are under valued. For two hundred dollars you could get a VF or better draped bust. But then, I don't collect or really even pay attention to anything less than one hundred fifty years old. But satootoko is right. You gotta buy what you love.
Why try to buy just one coin. You could buy 100 coins worth $2, 200 coins worth $1 or better yet you could buy thousands for less than that. Now with that many coins your chances are that one of them will sky rocket to fame and you'll have at least one of them. An example is to go to a bank and buy 2 $50 dollar bags of cents and find that they are all 1909S VDB's in MS65 condition. Or you could be stuck with a lot of cents. Best advise is what satootoko said.
Buy what interests you, not for the possible gains, then you can't lose. But, Thunder Puck is right: 1/2 cents have been very quiet, especially the early ones. I like the 1795, personally...since I just got two of them.
Get with a dealer or get one of the trends inserts from a coin mag or paper. Check out the prices on the semi-key coins, notice if any have pretty high prices in Au or MS60 and buy one or two you can afford as an investment. i.e. Say a 1931-D Lincoln Cent is at $200.00 for an MS60, but only $50.00 in AU. Buy four of the AUs @$50.00= $200.00. More people won't be able to spend $200.00 for the UNC, but could afford $100.00 for an AU. Look at all semi-keys. Pick one you think you might like owning. Also look at modern day keys like the 70-D half, the 46-S or 55-D quarters in MS65. There's lots of good investment coins. Even the 2006-W uncirculated Silver Eagle! I don't buy coins for investing, I collect my birthyear coins (1935) From anywhere in silver. Clinker
I don't mind discussing coins that I think will hold their value pretty well. I think the 2006 20th Anniversary Silver set will do alright. However, after the first of the year, or at some point after that, I look for a bit of a decline from current prices (but maybe not). I'll bet that it will still hold somewhere over the issue price though (between $150 and $200, maybe more). I think the gold W mintmark uncirculated coins will also do pretty well in the future. Mint product buyers are just flooded with too much to buy this year and by the time these came out, a lot of people had already spent their allowance . I also like Clinker's idea of buying some of the key or semi-key dates in some of the series. Those are the ones that usually will hold their value pretty well.
Latest figures have the mintage at 1237 already. Don't forget to add in the four coin sets when figuring total mintage.
If you are going to use money for purely investment, I or other collectors will detest you. There is something I have to clearly warn you in advance, that is, coins are violiable commodities, so if prices can go up, they can go down too at the same time. As well as, if you are the type you can't be bothered to maintain stuff properly and if you are careless in the way you handle coins, you might as well say goodbye to your money. Coins need proper care, unless you buy precious metal coins except silver. For the sake of collectors, if you really wish to invest money into coins, learn how to properly take care of coins first, what are the dos and what are the dont's, coin catalogues, etc. Don't just let people here tell you what they think, you MUST research and do the rest of the homework yourself. There are miserable stories of a investor spending over 10 grand on a particular coin only to get himself seeing the value plummet because of his carelessness of storing it in a hot and humid enviroment. You don't want to know how much it fell down to.
Unless you are short on cash a few hundred dollars is and can be used for an investment but don't expect that to turn into a million within the next few hundred years. Just buy some books on coins, read a little about them, go to a few coin shows, then just do as you want. It is your money so spend it as you want. Your question is sort of like asking a used car saleman which car YOU should buy. Ask a camera nut which is the best camera. Ask the Wonder Bread company which is the best bread to buy.
I have never purchased coins for investment, I am a collector all of my sets and single coins have a special meaning to me . In my opinion you should get the coin or coins you like ,read some books on are hobby find the coins that appeal to you it may be gold or silver or maybe even a mint or proof set of the year you were born. there your coins get what you like and enjoy.
