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10 best coins to buy now for possible appreciation in next 10 years
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<p>[QUOTE="World Colonial, post: 2435544, member: 78153"]The 1955 DDO cent is actually very common for its current price and certainly not rare except under the most liberal definition. My understanding is that 30,000 were originally struck, most likely exist now and probably in an average grade of AU.</p><p><br /></p><p>It is a very popular coin due to its unusual appearance and because many (maybe most) Lincoln collectors consider it necessary for a "complete" set.</p><p><br /></p><p>At the same time, it isn't competitive at all compared to other coins which can be bought for about the same price, not even from US coinage and certainly not compared to world coins. I also suspect a noticeable proportion of those who own it now bought it a long time ago and aren't really in a position to buy it now at current prices because its price is dependent upon a "mass market" of affluent buyers and most people are worse off.</p><p><br /></p><p>As an academic exercise, on one occasion I attempted to identify all coins which likely have 2500 or more available concurrently worth $2500 or more as a proxy for a "mass market". All were US "key" dates from popular series and this was one of them.</p><p><br /></p><p>In the internet age where any (US) collector can choose from at least 250,000 coins and in an economic future where most people are likely to be worse off, I believe all 13 of them will likely be financial losers longer term.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2435544, member: 78153"]The 1955 DDO cent is actually very common for its current price and certainly not rare except under the most liberal definition. My understanding is that 30,000 were originally struck, most likely exist now and probably in an average grade of AU. It is a very popular coin due to its unusual appearance and because many (maybe most) Lincoln collectors consider it necessary for a "complete" set. At the same time, it isn't competitive at all compared to other coins which can be bought for about the same price, not even from US coinage and certainly not compared to world coins. I also suspect a noticeable proportion of those who own it now bought it a long time ago and aren't really in a position to buy it now at current prices because its price is dependent upon a "mass market" of affluent buyers and most people are worse off. As an academic exercise, on one occasion I attempted to identify all coins which likely have 2500 or more available concurrently worth $2500 or more as a proxy for a "mass market". All were US "key" dates from popular series and this was one of them. In the internet age where any (US) collector can choose from at least 250,000 coins and in an economic future where most people are likely to be worse off, I believe all 13 of them will likely be financial losers longer term.[/QUOTE]
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10 best coins to buy now for possible appreciation in next 10 years
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