Along the same track as Rick posted in his (investment thread) what do you guys think the best buys are now in silver, gold, etc? Best buys per dollar and best buys with potential upside movement in value. I think Peace Dollars are a good buy now considering the rising silver bullion prices and the low mintage of some of them. What is your best buy? Bone
Ok....now let me say first that I don't collect all of these coins I'm listing but they seem to be almost undervalued. I'M NOT SAYING THAT THESE WILL GO UP....I'm just saying that these coins look like a good buy for me right now... Proof Franklins...even in higher grades and CAMEO Proof IHC...hard to find but don't seem to be high Capped Bust Half Dimes....from 1828-1837.... Key dates IMO are overpriced....the market has been up for sometime now and it is about time for it to fall....I don't think it will fall little by little....I think it will be a big one all at once. Does that mean I'm not buying key dates....nope...I still buy them but not for resale or proffit....I buy them for my sets. I think some things that are hyped and valued more than they should are.... Proof sets since 1964 Silver Morgan Dollars....most all of the dates....too many minted for them to be worth some of the prices that they are going... Comm's....mostly the newer ones but some of the older ones too MS and PF 70 coins....not worth what they go for. Now that I've said all of that....I'll go somewhere else! Speedy Speedy
IHC=Indian head cents? I like all beautiful coins, I think awesome toning makes a coin a "one of a kind" original work of art.
I agree key-dates in all the series are overpriced and will eventually fall. All at once? Maybe so... True, the Franklin is an under collected coin series with most of the attention going to the more glamorous "Bust or Walker" halves. The Indian Head Cent is another unknown "new" collector's rarely venture near, and face it. New collectors are the ones who push the prices to ridiculous levels. Silver has a tremendous potential for upside movement. As it's technological use's increase so does the price. I see silver nearing $10 per ounce within six months with gold capping out at $500. Computer makers are constantly looking for ways to decrease the cost of their box's and using silver instead of gold in the wiring harness's is a big step in this cost reduction process. Bone
Right on.... Amen.....but then we were all new collectors at one time....and most of us still are!...so I would say "Collectors just starting...and not reading anything....drives up the price" You see something I sure don't see....at least not for a long time. Speedy
Disagree. Copper is being used in wirings and electric boards. Where do you get ideas that silver is being used. Silver is still used in medicial and photography but no longer much gold and silver in electronics.
Bonedigger, you are correct. Silver is used whenever performance is an issue because it is the best conductor of electricity of all metals. You don't need it in your toaster, but it is critical in something like a cruise missle, which contains a lot of silver. Silver at present prices will be considered a gift at some point [but it's easier to know what will happen than when] because usage is much much greater than production with the difference coming out of shrinking inventories. I tend to think the silver maple leafs are the best buy in silver because the sell for about the same as the silver eagles but also have a $5 face value Canadian. Basically, if you are talking about investment there are two categories of coins that seem to be best [to me]. Any gold or silver coin selling close to bullion value, and any coin that is scarce/rare in all grade levels. But as Speedy pointed out, the key dates might be a bit high priced now, so the bullion looks better and requires almost no expertise to buy. Other types of coins selling strictly on numismatic value will probably do better, but they require an enormous amount of expertise to profit from.
HALF CENTS There is more demand for half cents right now with few coins to go to many collectors Low mintage pre 1900 gold coins are the hottest thing on the market .Time to sell rarer dates and buy more common dates for they have more room to grow. Older commem. Pre 1982
Prices for Semi-Key and Key Barber Quarters have Doubled in the Past years in the lower grades. Example: 1913-s ag (2003)$238,$309---------(2005)$560 1897-s G(2003)$20-----------now $50-$65 (ag coins are now $30+
That is why I said, NOT MUCH gold and silver. Such gold plating in memory sticks wouldn't even have 0.001gram of gold. You are talking about microplating nowadays. To get a full ounce of precious metals out of electronics, who knows, but it can be over 100kilos of rubbish before you get an amount.
