Featured Exhibit - Barber Quarter - 1916-D - August 2008 - Lehigh96

pretty pretty pretty

 

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Seems you've kicked a great thread back to life Ted. In most instances we belittle the poster of such deeds, but not in this case. Thank you for the extended view.

 

I purchased this coin raw from Heritage in November 2001 for $184 and sold it in October 2013 for $400.



So much for coins being a bad investment.

 

Knows when to hold 'em, know's when to fold 'em..........

 

Great update, thanks

 

Do you always make a profit when you sell your coins? I would think that with silver prices low that coin prices would also be going down.

 

Making a profit depends on a multitude of factors. For common silver coins with very little numismatic value, it would be almost impossible to make a profit if you bought the coins when silver was over $30 per oz. The Barber Quarter in question however has only a small portion of its value related to intrinsic value and the majority of its value is numismatic. In addition, I held the coin for over a decade before selling.

 

Plus other things going on as well Paul. The saying that coins are a bad investment is in generalities. Its because MOST people either make mistakes like buying an occasional fake, or a damaged coin, or simply overpay because they "fall in love with a coin". Most people buy at retail and sell at wholesale, while making a few mistakes along the way. This is a VERY difficult way to make money, especially versus most other types of investments.

I would consider you, (please correct me if I am wrong Paul), more like a traditional vest pocket dealer. You can spot good purchases, and know how to maximize your sales price, both things most collectors do not know how to do. No one said you cannot make money DEALING in coins.

Plus, I like the old adage because it prevents people from spending retirement money on a hobby. Just like one should never spend retirement money on boats, cars, worldwide trips, or beanie babies, you should never spend retirement money on coins. Buy only what you can afford to lose, unless you are a legitimate dealer.

 

What is the market looking like now? I would think it is stangated a bit with the gold rush slowed.

 

Two 1916-D MS63 Barber Quarters have sold on E-Bay recently: $315 & $350.

 

that sounds flat.

 

Fan Boy! Why did the Barber coins get such a bad reputation for their designs? It seems like a lovely engraving and a fine coin.

 

stangated


okay, I'll guess: spell check not working?

 

stan? gated? who's stan?