From when you started collecting, what coins have significantly increased in value? NOTE- I'm not asking this on a investment point of view. I am just curious about the past of numismatics
I've found it interesting to watch '21 Morgans go from junk silver to building their own niche following.
@CoinBlazer, no idea about the answer to your question, but your signature raised a question? What do you race? Cars, horses, greyhounds? Regardless, your times seem slow.
Like the 1950-D Jefferson nickel? The 1970-D Kennedy half? Or perhaps the 1999 silver proof set? (Can't find a good discussion, but they were bringing over $400 at one point, and now they're well under $100.) Not all key dates are created equal...
The value might be that in 5 years you won’t find one that looks remotely like a coin so if you find some in good condition today you may want to preserve it well
Unfortunately, most modern key dates won't increase much in value in my lifetime; what's left of it. When I started collecting coins in the late 60's I could have done well purchasing keys like a 1916-D merc and 1909-S VDB. Unfortunately, I didn't have the money to buy them. Not much has changed since those days.
Toward the end of my original collecting run, in the 90's, I picked up the 2000-W bimetallic Library of Congress $10 commem in UNC. I seem to recall paying a couple of hundred for it after market. Then I took a break from collecting and sold off most of my collection. Today, that same coin has doubled or even tripled. D'oh!
Exactly! My point! Just save a little here and there and one day you can buy that key date you always wanted. If you decide to start collecting a new series then buy the key and semi-key dates first. All the common dates will be about the same price in 10 years but the key dates will be higher.
I see this advice frequently, but I'm still not convinced: 1) I'm not sure that in general key dates outperform the general cost-of-living index. And for young collectors, your income will almost certainly be higher later in life. 2) When you start collecting a new series, you don't know as much about it as an experienced collector. Buying the cheaper dates first gives you more time to learn about strike characteristics and varieties for the series, and that makes you a more educated buyer. It's better to spend big money when you know what you're doing. Sure, I wish I could go back and buy key dates at 1960s prices -- given my current income and knowledge. But it doesn't work that way. As a kid, I absolutely did the right thing by not going for the big dates first.
If I had the income in the 60's that I had just before I retired I could have bought many rare dates. Unfortunately, they haven't invented a time machine yet.
I understand what you are saying but I have heard several big names speak and they all say buy the best coin you can at the best price you can, starting with lower mintages. That's what I've always done and it has worked for me.