Future buying from the mint before retiring.

my future plan to buy from the u.s. mint before retiring at age 62 are as follows:

2007w am eagle unc silver dollar
2007w am eagle unc gold 1/4 oz
2007 spouse libertyhead unc gold 1/2 oz
reason - to gamble for immediately profit.

2007 silver proof set
2007 mint unc set
reason - to get first four presidents in proof & unc conditions.

2008 silver proof set
2008 mint unc set
reason - to get hawaii & alaska quarters in proof & unc conditions.

2009 silver proof set
2009 mint unc set.
reason - to get lincoln/wheat penny in proof & unc conditions.

what's your plan before retiring?.

 

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As I am more or less retired now due to poor health all my plans are for the now LOL buy more Banknotes, Coins (and I cant decide which ones LOL) & enjoy my hobbies

 

Yes De Orc, I have a similar view about bank notes. I think the coin market has peaked but there is still some wiggle room for rare notes. I am wanting to buy a $2 battleship real bad. Are all of the paper grading services the same? What I mean to ask is what is the number one top tier grading service of notes? Thanks in advance to any and all responces.

 

bank notes

well, i got only few pieces of bank notes as well as many stamps that i collected 50 years ago. but coins is still the best way to collect. specially u.s. coins.

 

Sorry but as for grading it is a fairly new thing over this side of the pond (just started grading coins) most of us prefer them raw :smile I dont think I have ever seen a graded banknote and woudnt know what to advise Yep I got Stamps, Coins, & Banknotes LOL also a small collection of postcards :smile I would like to get a couple of Confederate Notes for my collection :thumb: and possibly a few more dropped CW bullets LOL
I like Morgans but again have to rely on evilbay, my cent collection is doing ok though LOL

 

when i retire, how can i sell those coins?

after so many years, i bought a lot of coins. now i am planning to retire soon. what shall i do on those collections?. sell it?. which i never did before. hold it for my daughter?. she is not interested and she don't know anything about it. my spouse, same as daughter. that's about it. i hope i will live another 30 more years.

 

I think the changing reverse platinum coins are the way to go, only one year designs and low mintage. Eventually these will be real valuable coins beyond melt, at least I hope so. :smile

 

platinum anniversary coin

1/2 oz platinum anniversary coin maximum mintage is 15,000 each for reverse proof and proof. 15,000 mintage is a lot for platinum. but, i think it can sell out too. because people are crazy to obtain it. i will not buy any platinum. because silver coin is still the main topic. gold follows.

 

I have decades to think about it.

 

I will be retiring in about 40 to 50 years, and hopefully I will be able to retire WITH the coins I'll continue to acquire until then, as long as I make smart choices.

 

retiring

well, it is really hard to sell all those stubs that you liked and kept it for so long. it is just like a family, dogs etc.
that can not be separated.

 

That's true, especially the collection have been kept for a long time and took much effort in acquiring them. I took some time to make a decision on selling away my 20 years old banknote collection. Once I fully sold away these banknotes, I will never be able to get them back even if I can offer high prices later to buy back all of them.

 

I try to keep my coins, but I do admit that I had a time when I did have to sell a few things (nothing central to my collection though).

 

elaine, I see you mention the reverse proof platinum coins. Are they going to be minted this year? I just checked the mint web site but did not see mention of it. Do you know the release date?

 

platinum reverse

it should come out by the end of this year i guess.

 

buying before retiring

i keep saying i am not going to buy again. it won't work at this time. how we can stop buying?.

 

work the grandkids

Howdy,

I working on my grandkids. I buy them one of the basics each year from birth - mint set, proof set, some commems, ASE Proof and am completing the ASE BU set. They're 1.5 and 3.5. I figure that if I haven't gotten them hooked by the time college rolls around it should help the cause.

My wife would sell my collection the afternoon of my funeral, but the step son does want it so it's safe. ;-)

good luck,

rono

 

retirement

Hi Elaine,

I try to buy at least one of most everything they issue each year excluding the gold because I can't afford it on a regular basis.

Indeed, of the common things I buy 5 each - 1 for each of my two grandkids, 1 for my collection and 2 for shrieks. I also try to buy anything that looks like it might take off. This is hard and tricky and most often it's just pure luck, but sometimes things are fairly transparent.

For example, the Anniversary sets and burnished Eagles were a transparent winner. Late in the year, first year offered, limited mintage - back up the truck and max out your card. The Marine Corps commem dollar - hey, we're in a war. The buffalo silver dollar.

However, the 2004 mint sets - who knew? 2001 Proof sets? And this is why I try to buy a couple extras. Then, ever so often I take them into my local dealer, sell them and buy something for my collection.

Then there are times we're wrong - buffalo proof 24K dollar. What a rat. Thankfully, wifey and I only chose to afford one each. I dont' see losing money as I think gold will go higher, but it sure wasn't a winner. If I tried to sell it today, I'd take a hit on the vigorish alone.

However, that said, I think you've got a good plan.

good luck,

peace,

rono

 

I am retired from my primary job, and have little money available for adding to my collections.

Luckily, my wife, our three kids, and most of the grandkids, are all collectors. So, unless real hard times hit, the coins will stay in the family.

 

retire

you are a lucky guy. i myself. i am the only one knew coin collecting. no one else care. unless i give it to them. then maybe.