Is this worth the investment?

https://lcrcoin.com/1796-50c-o-101-15-stars-early-half-dollar-ngc-xf45/

 

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You just don't buy coins like this as an investment it doesn't work that way but i can't read the buyer's mind after all.

 

I get the NGC Weekly Market Report which shows which coins increase significantly in value and which ones drop...if you can tell which will do what, you gonna be a rich fellow. To address your question, I would not have the vaguest idea of what this coin would do in the future.

 

I'm a collector, I don't invest.

The Lord is my shepherd, I shall not want.......

 

Generally accepted rule of thumb: Coin collecting is a hobby, not an investment.

That being said, the Greysheet has the coin in that grade listed at $110,000.

 

arbitrage?

 

Just two statements.
I rendered no opinions.
(But I should have left the "That being said" part off.)

 

I collect coins, I do not invest in them. If I want a return on something, I’ll seek stocks, bonds, etc.

 

If you are paying EF-45 money for it, it’s no investment because it’s over graded. It’s really a high end VF.

I have a Fine-15 example of this coin I bought at fair retail about seven years ago. If I sold it now, I would lose money.

 

Really nice coin. I see coins of this quality as a place to park money that is not needed for many years. It's probably going to retain most of it's value over the years.
Short term, I can't see someone making money on the coin. The cap gain taxes are something to keep in mind.
Long term, I feel that Bust coin prices will keep going up over the years but a person could probably find a better return in other ways.

I see coins as an investment in something that I love to do and not something I expect to make money with. Everything we buy is an investment of some sort.

 

Appealing piece of early Americana. If I had to guess, coins like this will always be desired and have interested buyers...historically they have done quite well. But the coin market cycles.
Hey, something like mid-grade bust dimes could well gain better, percentage wise...
Like others have said, probably best to buy it only if you are quite well off and will get a lot, and I mean a lot, of enjoyment out of ownership.

 

Have you ever wondered why most coin dealers go out of business?

Coin collecting is a hobby. Buy what you like with disposable income. If the coin goes up, Great. If it doesn't go up, or if it loses money, then your payback is from enjoying the coin for X period of time.

 

Myself, I would never "invest" even 1% of my total assets into a single coin. So for someone worth $10 million or more, sure, play around with it. I can't tell you how many coins I've seen multiple times on Heritage and with each sale, the previous owner lost thousands. Too much risk for me to consider this anything more than a hobby for spending money on, not "investing".

 

Run the number. NGC says its not valid and that the coin has been removed from the holder.

 

If you have $103,000.00 to spend on this coin and don't know if it a good investment then no is your answer. Coins can be an investment if you hold them say 20-40 years. There is no way to know if coins will go up or down in value. Coins are a great hobby. If you collect coins just as investments then you will not get hardly any enjoyment out of them.

 

Like Ruben is really going to buy this...


yeah right

 

You are really a twisted and screwed up person. I wish I knew who you were in real life. I would then be sure to avoid you in any business dealings.

 

Code:

NGC Cert #
    2030769-002

NGC Description
    1796 15 STARS O-101 50C

NGC Grade
    Certificate no longer valid: Removed from holder

That is correct. Some of our stolen coins had this happen. I can't see how they can sell this like this for so much money if it has been cracked out of the slab.

 

I figured this would turn into another stolen coin thread. I wonder if the dealer has not kept the listing up to date. I can't tell how old the listing is. The dealer may have sent the coin back to NGC to question the grade. I'm just throwing some thoughts out there. It is a rather strange listing.

 

How did NGC know the coins were removed from the holder? Maybe they just show that when the coin has been reported as stolen?