If you had $500 to invest in coins per month what would you buy?

i know others are going to say to diversify, and invest in other things besides coins, but hypothetically speaking, if you had $500 per month to invest in u.s. Silver coins only what would you buy? Investment wise, to turn a profit in 5-10 years. Open to any ideas. I am currently focusing on lower grade barbers, lower grade capped bust halves, and slabbed toned franklins and double stamped franklins. Any suggestions.. Besides buy the book first please.

 

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S&P 500 index fund.

If I knew, and I don't, I certainly would not tell anyone else as that would hurt my ability to 'invest' in it. Seriously though, coins are horrible investments, between the bid/ask spread and the last fool nature of the asset, they really are not something you should consider 'investing' in.

 

Ordinarily I'd say 1oz rounds put out by government mints. But for such a low monthly investment, I'd say just get what catches your eye.

 

One thing is sure. I wouldn't invest in coins. This question has been asked over and over again. If you'd just search this subject, you'd save the rest of us a lot of time.

Chris

 

I would buy whatever I liked the look of at that moment, because "investing" in coins is stupid.

 

First off, buy only MS65 and up coins. The older the better. Any old rare coins are a good investment for the future, even if you have to save up for a few months, but beware of counterfeits.

Dave

 

If you have $500 / month to "invest" and you're not already maxing out your 401(k) and Roth IRA contributions, then I'd put it toward those.

Now, if you have $500 play money a month you want to spend on a hobby you enjoy, then I'd say buy whatever coins you like. Of course, knowing that some of that hobby/coin money spent may come back as a return when you eventually sale.

 

Like @beef1020 says, the words coin collecting and investing in the same sentence does not and will not compute. Unless of course, you're a big time dealer or investor. I'm assuming your $500.00 a month is disposable income. I wish I had 500 bucks a month to blow on coins when I was your ago. I'll give you my financial/investment advise free of charge in three words, Get Debt Free. No Mortgage, car payments or credit cards.....then buy all the coins you want. Just collect what you like and remember, it's not an investment it's a hobby.

 

I thought you liked ASE's?

You really need to read some books and decide for yourself what you like.

https://www.amazon.com/Experts-Guid..._14_img_3?ie=UTF8&refRID=6Q7DWA1S923KMRAVY902

 

1st I wouldn't invest in coins especially not the $500 level . I'd probably wait and save till I had a couple grand at least , with 3-5 thousand even better , and buy trouble free 18th century US coins like Flowing hair halves and dollars , and Draped bust coins .

 

LOL you guys crack me up... btw sorry for wasting your time.

P.S. Roth IRA I max out on every year. My family and I don't believe in the s&p500 and I don't trust the paper market. There are 3 economists in my family to include one who graduated from LSE. Everyone one of them tells me to get out of the paper market and soon. We have invested our money into a 200 acre farm in western Kentucky, grow our own vegetables, and own storage facilities in town. I don't believe that there is not money to be made in the numismatic world, especially with low grade u.s. silver. Was looking for advice, not knee jerk reactions.

campall sorry for wasting 45 seconds of your time, I know you would be having a better time shooting 9 ball, or playing poker.

Rant over.

P.S. farm is paid off, but I do have a mortgage. Never missed a bill in my life.

 

and to the person who sent me a private message, greatly appreciated. Will be studying before buying.

 

Me. I'd buy coins with exceptional eye appeal. Be it toner or pl Morgan's or good early us type. Or early us gold. I'd find the best most appealing coin for surface strike originality etc that you can find. Even tho it will usually cost a premium it will always carry one

 

Coins are NOT worth investing in.
But they are collectibles that help keep me happy.

For investment purposes with $500/mo I'd wait 3 months then buy 1oz of gold.
In Maryland there is no tax involved when you spend over $1000.
And I'd buy right from a store; eliminates S&H.
There's a place about 35 miles up the road from me; their markup over spot is the best I can find locally.

 

Daniel Carr pieces, reverse proof limited issues

 

If you like large silver coins there's world crowns. Or even regional crowns such as South America.

 

You're a funny guy you know that? Gave me a little chuckle. I guess it's a new member issue. I have to give the secret handshake. Some of you sound like you fell straight off the CU forum. =]

 

Given the "fact" that coins are a crappy investment and you aren't investing sky money, I would stick with ASE's for stacking and whatever other coins you like for the rest. I like capped bust halves and Barbers, and if you know your market and keep your eyes open for good prices, these could appreciate.

 

I guess I'll parrot the general sentiments expressed here for the most part. It's risky to invest actual investment money in coins, but if you're "investing" your discretionary income/fun money in coins then it isn't a bad thing. It's better to blow fun money on coins than on wings and beer!! Well, I guess that's debatable.

 

knowing that there is absolutely no money to be made in coins, and that the thousands of ebay sellers and b&m coinshops are losing money everyday; what do you like to buy if you have a small amount of money laying around? Only U.S. silver and price range between $50-$2000. Forget about the word investment... what do you like to collect?