I don't have a huge income, I usually have about 100 dollars a month to spend. I have built a substantial collection but would like something more. There are two occasions where I am able to buy something a little more expensive: Christmas (December) and my Birthday (January). However, this has been the first winter I was serious about collecting. My question is, what would be the best thing to buy. My mom has allowed me a 200-225 dollar limit. I was looking at these two things: 1816 Large Cent N-7 XF Details (Corroded) Jules Reiver Collection $165.00 or 1857 Flying Eagle Cent EF45 Cleaned $200.00 I am looking for the best coin I could possibly get with 200-225 dollars. I like any coins: gold silver etc. Please recommend something for me to get
Pass on them both. One is cleaned and the corrosion might only get worse as time goes on. You know it is okay to save the $100 dollars a month and get something a little nicer. Let me do some looking around.
Interesting choices. I can see the appeal of both coins to you. I own sets of both coins. My advice to you would be to stay away from the cleaned Flying Eagle. Why? because as long as you own it, it will be a cleaned coin. Nothing you can do to change that. Ever. The Large Cent appears to be a nice coin. Corrosion is a typical problem with Large Cents. This one appears to have a decent strike, and good detail. I would go with that one, and avoid the "forever cleaned" issue. Just my opinion :smile
Okay - check with the Penny Lady - she as a graded 1833 PCGS AU50, she has it marked at 200 with PQ. Heck I might have to check what I have when I get home and see if I need an 1833. Check out http://www.thepennylady.com/images/September_2009_Early_American_Copper.pdf. Here is a large cent by Tom Deck http://www.largecents.net/salecoin.php?P0372. Tom Deck and Charmy are both excellent people to work with. Now the big question you have to answer is what are you trying to accomplish? I can recommend dealers and Large Cents all day long, but what are you trying to accomplish - my recommendation might change. Noticed I zeroed in on Large Cents, but the penny lady has graded flying eagles also. Just my opinion - but I recommend not purchasing either of the two coins you have listed, there are better problem free coins for the price.
I agree corrosion is a typical problem with Large Cents, but I feel 1816 is a common year and problem free coins can be found. In this case I thought the coin and condition were to much for $165. Now if you were doing a variety set of 1816 - then this might be a good buy. I do not have my books at work to attribute the coin. I felt that variety was not of interest based off the original post, but it can and does impact the price. I just feel (like you my opinion) that in this case a problem free coin can be found - as long as date is not an issue.
The OP asked for thoughs on the two options he presented. If he is open to other suggestions, well, you know how many choices are out there.
You can get the lowest mintage 1/10 gold eagle made so far for that much. http://i.ebayimg.com/17/!BYkICTwB2k~$(KGrHgoH-C0EjlLlzVpnBKiNw)w3Fw~~_12.JPG
Didn't read that way to me. Yes, he presented two coins, but then he said - Sounds like he left the options pretty much open ended.
Doug is correct he left it wide open and I zero'ed in on large cents. Kind of one of the reasons I asked what he is trying to accomplish with his collection. Me, myself and I always agree on Large Cents first(or the baby coppers). I have a group consensus. We also would not recommend moderns - those always easy to find.
Do the research From What I can discern~ What would make you really happy is finally having enough to obtain some GOLD! Correct me if I am wrong but I think some Ag, low end US issure (really US) that is not entombed is your quest. Your options from your submissions is, of course, your coarse. Lots is better so get, some you can touch.:hatch: The other folks are correct, too.
How about any of these: http://coins.shop.ebay.com/i.html?_..._Individual&_ssn=coastaledge&_odkw=&_osacat=0
Not a sage Sorry. I'm no sage. Trust the force young coin~stalker The coin will speak to you when it appears. So draw .05% interest somewhere until it speaks to you. I'm just thinking you lust for a PM and they are HOT. Isn't it nice to have choices?
1. Sounds like your an YN which means you are just stating out in coins. 2. Also, sounds like your undicided about what to get involved in next with this hobby of coins. 3. The above means you have plenty of time to decide what your likes and dislikes will, should, could, might be in the future. 4. I know your looking for some expert advice and that is what you posted. However, that is actually a really tuff question since no one here knows you, your availability with coins, how long you plan on being interested, how much money you'll have tomorrow, etc. 5. Your question to others is sort of like asking who should I marry, what car should I buy, where should I go for my vacation, etc. So much depends on you. 6. Now with all my pessimistic statements, I'll now make my suggestions. To start with, I think you should purchase a few books with that money on coins. Such as the Red Book by Whitman Publishing. Flip through books like that to see what catches your eye(s), not sure how many you have. 7. If you purchase something that someone else tells you and you don't like it, what are you going to do, yell at them? Never listen to them again? 8. Go to a coin store or coin show if possible. There you could really do some Christmas shopping or what is called window shopping. Just look until you know that is for you. 9. If you find a coin show in your area, go to those. Greatest place to purchase or sell a coin. Also, if the right one, very educational. And remember, compared to ebay, no postage, handling, restocking, insurance, etc. fees at a coin show. 10. However, I'll still throw in my 2 Cents. If I were you and if your young enough to plan a little for tomorrow, I'd start ordering Proof and Uncirc Sets from the US Mint. I've been doing that since the 50's. Some are really poor in value and some are really fantastic. You never know. 11. And remember that small amount will not even get you a down payment on a Ferrari.
11. And remember that small amount will not even get you a down payment on a Ferrari. I have a neighbor that always complains about the $650 is costs to get the oil changed on his. Then he complains again the next day because he has two. Go Figure.
Are you dead set on getting something from the Jules Reiver collection? A lot of them were over graded and some were problem coins that NGC slabbed anyway. The 1853 is the only one of those coins I liked - just my personal opinion. This coin sold on Heritage for $123 on January 06. Personally if I was you I would take my time - send the penny lady an email an ask for pictures of some of her graded large cents. Tell mom and dad you are taking your time so you get the right coin. While I like large cents I still do not have a feel for what you want to do with your collection. Is it a type collection? What else are you collecting?
Both are problem coins, a problem coin is always a problem coin Both are problem coins, a problem coin is always a problem coin. Pass on both and look for coins without problems. This can not be overstated enough as almost any selections can be obtained without these type problems and will be better choices. Never ever buy a problem coin - it will never be one you love.
