Today I bought the April edition of Coin Values. These are the coins they said were going to be hot: Low mintage of Walking Liberty, Mercury Dimes low mintage. What do you guys think??? It seems like I should stick with one coin like the Mercury Dimes and get all the dates I can and then go to the next coin but there are sooooo many I want to collect numerous types of coins. My next question is I have been reading where the double die 1995 Lincoln cent is going to be a sought after coin. Different coin magazines are saying buy as many as you can because they will probably in the near future be worth more. What do you guys think????? THANKS
If the coin magazines are giving you advice on these things, its probably better advice than I could give. But I do know that theres really no way of predicting these things.
In coin collecting everything is subjective but in my personal opinion the coins with the greatest eye appeal are in decending order, Peace Dollars, Buffalo Nickels, Mercury Dimes and then Indian Head Pennies. Just an opinion but the buys would probably be Peace Dollars and Mercury Dimes.
I've always believed that when you buy what is proclaimed as "hot," there is a good chance that you're going to overpay.
Howdy, Be a tad bit careful with what someone is touting at any given time as being the latest Rage. Recently a lot has been said about ultra high grade slabbed late mintage coins - 69's and 70's. Folks are paying 6 figures for some that in 65 are 2 figures. I can't see the profit potential of the former but I can certainly see the potential loss. I look at investment type decisions with two questions. What is my potential loss and what is my potential gain. I'm looking for low risk of major loss coupled with a good potential gain. Earlier poster also mentioned the favorite coins of collectors and frankly I don't think you can miss with any of these. Very little downside risk and a solid demand market. With weird stuff is the demand there? Will it be tomorrow? just some thoughts, rono
To give my opinion: Key dates (like the 1909 S VDB) have had a great run up in price, and have been quiet lately. Semi-keys (like: the 1909 S, Lincoln; Mercs: 1921, 1921 D, Barber quarters: 1914 S, 1913 P; Half dollars: 1913, 1915, and many others) seem ready to start moving. The high end pieces have had a great increase in the last two to three years, so the lower items have more room for growth. To answer your question: yes! Also, the 1995 DD is a good buy. I haven't seen many lately. I have two: 1) PCGS MS-67 red, bought in 2003 for $50; another, raw, MS-65 Red, bought in 2004 for $15. They seem cheap to me now.
Give me a break. If you believe in those people who write those magazines, most probably they are the ones who own several of them and by spreading such "investment ideas", you are the one who are making them fat profit.
I will have to say that many 19th century type coins that are solid for the grade are a great buy, as nice coins just aren't plentiful. However, this is already starting to show up in prices, as some types, like high grade Bust Halves, are bringing in excess of listed prices.
I would use this analogy: If you hear about an investment tip off the internet, you are far too late to profit by it, or the opportunity is a fiction to begin with. IMHO, coin collecting for investment purposes is a long term project, and, like with stock market investments, the risk needs to be spread around. You don't know which 'sleepers' are going to activate when, so best to take interest in as many series and keys as possible.
