Hello World, I will be purchasing a 1995 Double Die MS-67. Is 80 dollars too much for this coin. And is this the easiest Double Die to obtain? Many Thanks Tyler D Hess
Don't take this as being smart-alecky, but who grades it MS-67? If the coin is in a certified holder at MS-67, then it depends on who the grading company is. If the coin is raw and the dealer is grading the coin at MS-67, then paying top dollar for the coin may not be such a smart idea. we need this information before we can tell you whether or not this is a good idea. By the way, welcome to CT!
Welcome to the neighborhood, Ty! It sounds to me like you've already made up your mind to purchase the coin. Have you checked auction archives to see if the price is reasonable? Are you buying it because the slab says it is MS67 or do you feel that it is properly graded? NGC is one of the top two grading services, but even the best can make mistakes. Chris
Chris, I'm new at collecting coins in general. From what I have learned it is best to collect Semi-Keys and Key Dates. You are correct I have made the decision, but is it a wise decision. I don't want to pay too much for these coins. I can still talk him down. I just wanted to know if 80 was too much for a NGC MS-67 Red 1995 Double Die. On a side note Chris... do you think the 1995 Double Die will have the same success as the other double die pennies? Many Thanks Tyler D Hess
I don't collect Lincoln cents, so you will have to wait until one of the others more familiar with the series chimes in. You mentioned keys and semi-keys. Do you mean for coins in general or specifically as they apply to the Lincoln series? What has me concerned is that it sounds like you are entering the hobby as an investment vehicle, and this isn't such a good idea for a newcomer. I don't know who told you that it is best to collect keys and semi-keys, but it sounds like some dealer is trying to talk you into something about which you know very little. I'd recommend that you learn more about the hobby and the coins you want to collect before you start spending your hard-earned money based on some sales pitch. Chris
I just paid $53 including shipping for an MS67 95 DDO ...you just have to be patient and take your time. There out there, you just have to look around,
Chris, I'm a little confused? Can't hobbies be investments? It was my grandfather that told me to collect Semi-Keys and Key Dates. I'm starting with pennies and working my way up. The coin dealer thinks I should invest in silver and gold. Chris I would like your opinion on this and anyone feel free to chime in. If I were to invest 2000 dollars in an item and not touch it for twenty years, which is going to give me a good return on investment. For example $2000 in silver, or $2000 on a 1909-S VDB penny, which one would you guys buy? Tyler D Hess
First off, welcome! Secondly I got a little worried when I saw your screen name, for a second I thought I had a twin. Lol Both silver and the 09 SVDB are unpredictable, I personally would buy the silver though, it is real momey, if you will, while that pretty little key date will plummet in value, at any given time, although unlikely. Silver can and has done the same thing but I think that the silver is just more reliable.
Put that $2k into BP stock right now, and sell it in 6 months for at least $3k, then buy a few of slabbed Morgan Dollars in key dates.
While I don't know your grandfather's age, I would guess that he started collecting 30, 40 or 50 or more years ago. In his time, buying keys and semi-keys was a lot different than it is today. With the advent of the grading services and the internet, the market for many of these coins has driven prices skyhigh, and it takes a good deal of experience to know when a coin is a good buy or not or whether it will hold its value or not. Yes, a hobby can be an investment, but before you can reap the rewards, you are going to have to invest a great deal of time learning as much as you can about it. Any coin, regardless of whether it is a key or semi-key or not is only worth what another buyer is willing to pay for it. Like Kenny Rogers said, You've got to know when to hold 'em, know when to fold 'em and you don't count your money when you're sittin' at the table. 20-year investment Okay, let me ask you this......... "Do you think it would be a good return on your money if you sold that $2000 1909-S VDB for $3000 in 2030? "Do you think it would be a good investment if 20 years from now silver was selling for $26/oz.? I'll wait for your answers before I comment. Chris
Welcome to CT TY. You will find many opinions about "Investing" in Numismatics here. There is no right way to invest, no one has a crystal ball. The best you can do it use past performance and that doesn't mean a whole lot. That being said if your looking at just investing my opinion is go else where. Housing is very low now and some stocks are still low. But if your a collector and are willing to put in time and energy to research, learn, study and enjoy numismatics then you should find that you can have a fair investment in coins. And I'd go with what your grandpa said in that case and a nice 09S VDB is a good start. Good luck either way.
