If You Had $1K To Spend...

If you had $1K to spend on a coin, what would you buy? I am looking at a 3 legged Buffalo or 1885 V Nickel, or a coin that has a potential to increase in value. Thanks!

 

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You are going to get so many different answers to this question that you are not going to know what to do. You are also going to get many people (including me) responding that coins are not good investments. However, now may be a good time to buy key date coins at a decent price. I do not invest in coins so cannot tell you which one to buy though. You may want to consider bullion. TC

 

As high as grade possible, or close to complete with key dates, Peace set.

 

What flavor of coin do you like? $1,000 will buy you:

A nice G/VG 1909-S VDB Lincoln cent
G-F 1922 plain Lincoln cent
Draped Bust dime in G/VG
1916-D Mercury dime
Draped Bust quarter in VG
Flowing Hair half dollar in G
Draped Bust half dollar in VF
Draped Bust dollar in G/VG
A number of pre-1934 gold coins

All of these coins are definitely poised to move up once the economy recovers. Whatever you do, choose wisely and make sure you buy a coin you'll love owning even if its value goes down. :thumb:

 

If I had a grand to drop on coins and bullion etc. was not an option then I would probably look at popular coin sets and buy key date and mm coins for those collections. The reason being is those would most likely increase in value (not always), but at least I would know if I ever had to dump my collections for cash they would likely hold or increase in value over time, no modern coins and no coin types with little or no interest, keys cents in indians and early wheats would probably get the nod as they have a huge following.

 

I would wait for a coin that spoke to me.

 

Right now I'm looking for a 1923 S Standing Liberty Quarter in VF-XF. You can find them for around $1000 in that condition. With the XF being on the high side of a grand and the VF on the low side. It's a great key date coin that is hard to find in decent condition.
The only greater key in the series is the 1916, and you're talking around $5,000 for one of those in decent condition.

 

I'd rather have 20 $50 coins, but if it has to be 1K I'd pick an MS-65 Br 1914-S wheatie...

 

I had a similar question, and was between a 3$ gold VF-AU grade (whatever I could find), or the Library of Congress Bimetallic.

I went with the second one, and don't regret it (also it was <1000$, which left me with money to buy other coins.

 

I would go with the 1909s vdb at the best grade that I could get with a grand. I'm thinking F12.

 

For $1k I'd just leave the money in your bank account. Coins in the $1k range are not the best investments in my opinion. Your gains are going to be marginal at best.

 

I would wait for a coin that said to me, you can't leave here without me!

 

Leave the money in a bank account? With interest rates at record lows these days? Even if we agree that numismatics are not the best investment right now I would think he could still do better investing that money in a stock that pays a decent dividend than letting it sit in a bank account with a return less than the rate of inflation. Heck, even PCGS' stock (CLCT) is paying an 8.73% dividend as of market close today.

 

i would buy whole collection of morgans, peace dollars, mercury and barber dimes , barber quarters complete my wheat cent book and rest on silver coin oz's...

 

If you had your money in a bank acc atleast you wouldnt risk it if it was federally insured, a stock market you can.

 

I disagree, I've gotta say I think key date coins will outperform the 0.75 interest rate that most savings accounts will pay you these days. You just have to follow two rules, don't pay too much for them, and hold onto them for at least 5 years.

 

if i had 1K to spend and i decided that it would all be going on 1 coin i would say get a spectacular looking coin out of tough series. something like a MS barber half, capped bust half or later date large cent. the mintage might not be as low as a VDB-S or 16-D merc but finding a coin that screams attractive is alot harder then getting a TPGd low grade key date which you can buy nearly anywhere at anytime if you got that kind of money to spend.

 

Yup, a 1921 SLQ would be my first choice but I could go with either 1923 or 1921! That would make me fell really good!!

 

I guess I should have worded it differently.... for $1k... just leave it as cash because there are much easier ways to get a better return on your money... ie buy some ford stock this week... I personally don't think there are too many coins you can buy for $1k or less that are going to really make you %10 or more in the next 5 years. Go to a major coin show and see just how many 1909 S VDB's are laying around... TONS... they aren't going anywhere soon price wise... same with 3 leggers... you can literally see hundreds at a major convention. Just about any $1k coin can be found pretty easily.

 

Now I'll agree with you on that 'Dutchman'. Especially the Ford stock. Still pretty reasonable at $12.44 a share. They're also putting out some great products, check out the new Taurus SHO. A big ol' American sedan that does 0-60 in 4.5 seconds! And they did it all without taking a government bail out...what a concept.