$1,000 To Spend on One Coin....

If you had to spend $1,000 on one single coin for the intention of investment and collecting purposes, which coin would you choose and why?

I would like to get back into coin collecting but I only want to premium coins, coins that will appreciate in value and that are and will continue to be in demand. I'd rather have 5 awesome coins than 100 mediocre ones. I do not want a bag of Mercury dimes, I want collectors pieces. Much like other collectable hobbies, I've noticed that it's the high end items are the ones that maintain their value. Or is $1k not enough to achieve this?

 

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buy key date coins. coins are not a get rich kind of thing. making money on coins takes time. 5-10 years. low mintage coins usually do best. do a key date type set. some might go way over $1,000.

 

Oh I know that. I'm talking long term appreciation. 20+ years.

Any examples of key dates you particularly like?

 

Buy a PCGS MS63+ $10 Gold coin & wait out the market.

 

"Investment" and "collecting" purposes are two different animals. If you want to invest for long-term appreciation, try municipal bonds or real estate. You have to have pretty deep pockets to come out ahead in numismatics. I don't think $10K would even get you there unless you got very lucky. If I felt that lucky, I'd go to Las Vegas instead.

Chris

 

Key date in the $1,000 to $2,000 dollar range in good condotion is the 1909 S VDB MS65RD+ lincoln cent and the 1916 D MS64FB Mercury Dime these would be good investment coins in my opinion.

 

What I mean by that is, if I wanted something to enjoy, but that would also serve dually as a decent investment. I know I could earn more money elsewhere, but it's better than some hobbies where the rate of return is -100%.

BTW, I would never invest in municipal bonds. Most city, county, and state governments are teetering on the brink of collapse or will be in the coming decades, in my personal opinion.

 

Like coins, you have to figure out which Muni would be best. Unlike coins, a Muni guarantees a tax-free rate of return. Despite the difficult economic times for some of the municipalities, they do have the possibility of bail-out from state & federal agencies. I've never heard of a coin collector being bailed out for bad purchases.

Chris

 

If limited to $1000 I'd probably go out and find the highest end semi key cc Morgan I could find in ms 65 or better an 80 or 81 or 85 in 66 or ascent an 82-4 cc in 67 my other choice would be a bust or seated coin in ms or a proof with real eye appeal and color that's me if I had more than $1k it'd either be something early (flowing hair or draped bust) or a proof trade dollar

 

For $1000 I would buy a piece of American numismatic history.

The famous three legged 1937 D Buffalo Nickel. You can get a nice one for under a grand.

http://www.ebay.com/itm/1937-D-3-Le...78?pt=Coins_US_Individual&hash=item1c3b9fb9a2

 

All the key date Lincolns have been dropping in price. Even the 09-S VDB. Too many out there readily available, but that may mean you can pick one up cheaper than usual.

 

A nice 1909-S Indian Head could be picked up in low mint state. Not as scarce as the '77, but lowest montage of the series at 309k. The '77 is next at 852k, but survivability was much less.


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any iof the expensive die varities or double dies.. buy a few /50 or such 95ddo's resell them then take that and get your self a 55 ddo type one..

 

If you can get an 09S VDB MS65+RD for $1-2K, it's a great investment, because everybody else is paying $5-10K for it.

If you can get a 16D MS64FB for $1-2K, it's an even better investment, because you can immediately flip it for $20K+.

Any coin is a good investment if you can buy it for 10-20% of FMV. Such opportunities tend to be rare, though, and generally carry some ethical issues.

 

To answer your question, I'd buy a very nice AU $10 Indian Eagle. I have one and they seem pretty popular among collectors.

Buy what you want though and have fun.

I agree with others about the investment part, slim to none or even a loss.

 

+1 to this.

 

I'd go for a 1909-S VDB Lincoln Cent. $1000 will get you a coin in the AU range. Buy a graded example by PCGS or NGC. This coin is probably the most popular collector coin ever minted. They are not rare by any means (virtually any coin dealer will have at least one)...but they have always been popular.

I don't think there is a predictable way to make money on collector (non-bullion) coins as a long term investment. However, I do believe this is one of the safest coins you can buy. If you are looking to invest, look elsewhere than coins.

 

Get an early silver dollar 179x or any higher grade Indian Eagle in a slab and keep it for 30+ yrs. That would be my approach...

 

And if $1000 is your upper limit, you can still get an early 1/2 dollar. I would go for the best possible grade instead of looking for a key date.

 

Hmmm...a $1,000 coin and a "premium" coin might not be the same animal, yet you use the terms apparently interchangeably.

My suggestion would be to find out what you like; the series, era, metal, grade range, appearance, etc...and then, if you are still interested, make the best buy in that chosen niche.