Coin Value Trends?

Does anyone know anything about trends and how to use the variables involved in buying coins that have continually appreciated in price? Sure everyone wants to buy a sure bet and there's plenty of Morgan silver dollar coins which have gone up every year for a long time.

That said, there I'm sure you would have to keep an eye open for all variables involved. Anyone here have a system to use when buying coins? :thumb:

Any information on trends?

 

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key dates and condition rarities.

 

I humbly suggest becoming a roll searcher. You will purchase all the coins in your collection for face value, and unless you inherit a collection that is the least you will ever be asked to pay for them. They will retain their face value and if you do a good job selecting and storing them, they should appreciate in value over the long run. If your only interest is in making more money, there are easier ways than collecting. Perhaps a vending business? That always interested me from the collector stand point. You'd have a legit reason for burrying your local bank branch in change. Good luck in finding a path that works for you.

 

That's an easy question to answer. I suggest you use the same system I use when I go to a horse race track. I pick up the paper with the names of the horses and close my eyes, point at something, open my eyes and where my finger landed is my choice. Oddly enough I usually come out even doing that.
If anyone really knew what your asking, sure would be great to know such a system. Take cars for instance. Imagine if anyone knew a 57 Chevy would sell for so much. People used to laugh at the Edsel but some now sell for a hundred thousand dollars. Same with the stock market. Sure wish someone would tell me when the next crash will happen. I wonder if anyone had a system for buying Beanie Babies.

 

I notice with tokens and so called dollars you can get a good (visual) just by keeping up on what's selling well and for higher amounts than other items in the same circa and style. You can learn tons by checking the ebay auctions daily. Case in point is the civil war tokens "Our Little Monitor" or druggist tokens of the same time period, the prices have gone thru the roof! Same is true for the "Not one cent for Tribute" token.

That said, when it comes to coins it's a little bit more difficult. I'm trying to remember all key dates for all US denominations but it gets a bit trickier than simply knowing key dates. You also gotta know what's popular or trend setting in the coin world. all suggestions are appreciated!

 

It's hard to find decent prices on ebay. Items get bid up way too much.

 

Absolutely, ppl pay ridiculous prices on ebay but it's the only place I know of where you can get a quick visual of what's hot and what's not. Any other ideas?

 

One small important thing about coins is the ability to sell them. Remember that coins as well as many items are easily purchased but more difficult to sell. Yes some are really making money on this lately coin craze but so did a lot of people with Beanie Babies, Hot Wheel cars with Red Walls, Sports cards of all types. My son when he was young thought we could all retire on all the fantastic sports cards he had. And now those cards sell for pennies. I've seen people selling entire collections of Beanie Babies for about $1 each. And you can find Hot Wheel Cars at Walmart for $0.77 on sale.
Think of all those when contimplating a possilbe wealth in coin collecting.
I used to collect flashlights and still have a pile of them. Probably couldn't give them away now with all those shake type ones and LED types making my stuff like a dinosour.

 

I'm still saving for my 1913 Liberty Nickel. :desk:

 

Key dates are usually the biggest winners.and I believe the CC GSA dollars are currently the morgans that have gone up in price the most since their release.

 

Nice problem free key dates are the only thing that come to mind for me.
Not saying they have all been a good bet but on an average they seem to have held up well over the years.

 

Excellent point and tidbit about the 1904-O Morgan. Those that held that coin prior to the US Treasury release in the mid-1960s were hammered when the value of the piece adjusted to the release.

 

If you calculate price increase of the cc & GSA dollars from release,the initial price was $5,and the value they stand at now are 200$. 5 years ago the value of the CC's were a tad bit higher,now they are at around 175-200 for the commons,so with a increase like that I stand behind the CC. along with the NON CC's being in the higher price range.anything GSA brings a premium,and it always continues to rise in price.I have not witnessed a GSA anything that dropped in value,like some coins have in the past.

 

Now factor inflation into those graphs.

 

CoinFacts can give you auction prices for an individual coin going back to the nineties for all the major auction houses. I think it's a great way to track trends although you would have to click through a number of different coins (a number of CC Morgans, for instance). The charts Doug posts from PCGS are based at least in part on those auction prices, I believe.
CoinFacts does unfortunately charge a subscription.