Buying a coin with future pricing in mind

I hear ya! At my age, if I happen to get lucky and buy some coins that jump in value over the next decade then my profit will either go to my heir or pay for keeping me alive for a couple extra days. If I was much younger then maybe I'd still dream about making money off of my coin investment. Today I'm more concerned about finding nice coins to meet my collecting goals. Sure it would be nice to make a profit or get my investment back when I have to sell.

 

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As much as we want our coins and other things to appreciate, the reality is that tomorrow the price may go up, may go down or may stay the same.

 

Well sort of. I've been collecting coins for 64 years. I'm also obsessive compulsive. I like Morgan and Peace dollars and putting an average set of any coin series together and am on a limited budget. My goal was to put one complete set of Morgan and Peace dollars together in the early 1970's. I bought the rare ones when I could afford them. I figured these would be my retirement. So my fine 1893-S Morgan cost me $525. My XF 1894 ran under $100. 1928 Peace dollar Unc. $100. Then I wound up with some extra Morgan and Peace dollars. I bought more books and decided to put more sets together. The Government now releases bags of the rare O mint which I didn't get as yet. I bought a roll of 1904-O for $25. Then decided on 12 1903-O's for $12.50 each. Over the years one set with out the 95 proof turned to 11 sets of Morgans and 12 sets of Peace. I kept thinking the older lower mintage coins would increase in value for retirement. I have no modern high grade coins since I'm not confident there will only be a few. There could be many coming when other collectors get them graded in the future. But How many 93-S Morgans will there be and how many will be destroyed? I liked to read the History of coinage, study die characteristics and look for or cherry pick bargains over the many years of coin collecting. I will still buy a low mintage Key coin when the price is right or cherry picked. And Yes I still buy key coins thinking they will increase in value. Happy coin collector.

 

Here is my "place to park some (dumb, as it turned out) money coin." This is just one of many examples that show timing is everything in finance. I've made some good money from gold in the past, but won't be on this coin unless the bullion market improves. The coin has blast luster and is correctly graded as an MS-64.

 

Beautiful coin!

 

I always look for value, so I always expect to eventually sell my coins for more than I paid. I also tend to hold them for a long, long time, though, and that tends to help.

 

Obviously I want to have a collection worth millions. I confess that I buy the coins thinking of the greater value they will have in the future, but not with the intention of selling them. And I'm always losing money by buying coins that look very good, but they always have imperceptible details to the naked eye, which ultimately devalues the currency I bought.
But I'm learning a lot from you all of Cointalk.
An good example was the 1971 S Eisenhower PR68DCAM certified by PCGS which I purchased for about $ 30.00 and I discovered that it has two varieties, FS-103 (MMP4) and SPL (Straigth Peg Leg).
I hope it comes to worth a lot in the future.
So, my answer is Yes, and this is something I like to do often, at least until I learn enough to make no more mistakes.