My First Set of Coins/Bullion for my Collection

Thanks but I already did purchase this and am somewhat satisfied.
I am getting a general mixed reaction here from people both off CT and Coin Community forum over at coincommunity.com. They over there are a bit more positive on my collection but we'll have to see.

Now look, this isn't meant to be the world's best collection. That's not what I'm trying to imply. I instead am looking to get verification or 2nd opinions from experts here that know there stuff on how well I did for my First coins/bullion to start Off my collection as a coin investor.

 

Log in or Sign up to hide this ad.

By the way, how does one go about grading an Uncirculated coin? When the coin is sold uncirculated without a grading number, what do I assume it to be for its grade?

 

If you insist on getting in to rare coins as an investor, you should probably be looking at getting coins that are always liquid. Barber Quarters and Halves are definitely not the case! You should be looking at something like common date certified $20 St. Gaudens in MS64 or MS65 holders and maybe higher grade common date Morgan Silver Dollars in MS66 or MS67. Those are heavily traded coins and can be bought and sold at pretty much any decent coin show. Also, their values will ride along with the general coin market and won't necessarily be pegged to bullion values.

 

And whatever you do, do not start buying high dollar coins that are not professionally certified by PCGS or NGC unless you really know what you're doing. You're bound to lose lots of money if you buy uncertified before educating yourself. Certified coins will substantially mitigate your potential losses.

 

Do you have links for examples to show me of that southern gold?

 

Ok this is of good value to me, illini.

If you could, could you provide me some example links to these coins? Would you suggest getting something like this on ebay or Apex for starters? Probably Apmex right?

 

Never dealt with Apmex personally, but I'd buy wherever you can find a decent looking coin w/ good eye appeal (no spots, distracting marks, major hits, ugly toning, etc.) and for a fair price.

For reference currently the Aug 09 sheet prices for common date MS64 $20 saints is:
$1560 bid - $1620 ask

a common MS65 is:
$1985 bid - $2040 ask

Common date Morgans go for:
MS66: $235 bid - $255 ask
MS67: around $650 - $800 depending on which of the common dates

Try to buy coins at bid or below and you'll be doing great!!

 

Can you tell me what Morgan and Peace dollars are uncommon? That's the information I'm looking for, so I know what to keep my eye on.

 

Let me put it this way. If one of you could recommend me the best coin/deal (coin type, mintage, grade, condition, year) on eBay or wherever you feel is best for gold coins, silver, whatever. What would it be and what is the link?

Let's make it one nice coin and two small ones you'd choose for a 15-20 year hold period.

Thanks guys

 

Thoughts on this future list for my collection?

A Proof67 1942 P Walking Liberty Half Dollar Graded by NGC for a net price of $993.75.

A 1921 S Indian Head Buffalo Nickel graded VF for a net price of $318.75.

A 1920 S Indian Head Buffalo Nickel graded VF for a net price of $90, or you can get a beautifully toned one, same grade same year, for $93.25.

 

illini again you make my heart flutter!!:smile

BNB, with all due respect you need to buy and read some good books on collecting. Your questions show your need to educate yourself on the whole of a particular line of coins, those that are key and valuable, those you just see and fall in love with regardless of what they do or do not do for your "collection" etc.

Without understanding the process and just wanting someone to approve a certain coin for you, you never learn to step out on your own.

So in closing do some research so you learn to rely on YOU. :smile

 

BNBAnalytics I think if you ask ten people what to buy you can get ten different answers, that is what makes coin collecting so interesting as there are many ways to collect.

I think probably that the best bullion to buy today though is the bullion sold directly from the US Mint with the W mintmark.

Over that couple of years they have sold some low mintage coins that have done very well, and may sell some more later this year. I am waiting for that to happen and will probably buy as many as I can afford.

Just as an example last year they had the gold buffalo fractional coins. The 1/10 sold for about $150, with $2000 you could have bought 13 coins. Those would be worth $5800 today.

That is hard to do with older established coins unless you cherrypick coins.

Anyway check out the W gold coins from the mint and W silver eagles if they sell those, that may be the best way to go for 2009.

 

Thanks, I keep going to the Mint's website but I don't see these coins or bullion. Is there a direct link you have?

 

Well here is a picture of my first coin collection, At age 8, I still have it.(circa 1960) :goofer: Traci