APMEX vs. local dealer

Flyingmoose,
PCGS won't just 'throw a coin in a slab', you have to have it graded, and that starts around $18 per coin for classics. It adds up very quickly.
In an above post, you referred to the PCGS CU3000 Rare Coin Index, which relates to only Rare Coins. In fact, many coins currently sit at lower price levels than they did in 70's and 80's. Why? Because unknowledgeable investors began buying up coins at excessive prices, saw the values rise, and took a bath when they went to sell their coins, many of which were overgraded in the first place. Point is 9 out of 10 times you will loose money when investing in rare coins without being knowlegeable. IMO, the best way to invest in coins is to collect them, educate yourself, buy wisely, and you won't have to worry when you would like to sell.

 

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If you buy over $1000 worth it's considered an investment. If you do that, they have to take down your name and address and fill out some paperwork. You can still buy it anonymously and pay the tax.

 

09S,

If they won't slab a coin without grading it, where are the coins from that are in a PCGS slab but aren't graded? For example, there are PCGS slabbed state quarters with the state flag, but I don't believe they're graded. Maybe they don't do it for people, only buy the coins themselves, and then sell the slabbed ones to dealers or something.

 

If I wanted to have one of each type of circulated coin, am I leaving any out?

1/2 cent
Large cent
Cent (copper)
Cent (steel)
Cent (Zinc)
2 cent
3 cent nickel
3 cent silver
Nickel (nickel/copper)
Nickel (silver wartime)
Half-dime
Dime (silver)
Dime (clad)
20 cent
Quarter (silver)
Quarter (clad)
Half (silver)
Half (clad)
Dollar (silver)
Dollar (clad)
SBA dollar
Golden dollar

$1 gold
$2.5 gold
$3 gold
$5 gold
$10 gold
$20 gold

I think that's all of them... (28)

Maybe they'll change the nickel one of these days. It already has over a nickel worth of metal in it, and look what they did to the penny.

 

Since you appear to be differentiating by composition, there are both copper-nickel (88%) and bronze
(95%) small cent issues. I'm sure there are more composition differences you skipped, but this I what I can think of off the top of my head. If you're looking into one-of-each-type collecting, you may be interested in a type album like a Dansco 7070, which has a slot for each design/variety.

 

I'll probly buy one of those... but they left out the current (zinc) cent!

 

I am a collector first and a dealer second so it depends what you're buying the coins for if I'm not mistaken you said you wanted to collect so it's okay to splurge a little and spend extra money if it's a piece for you're own collection since you do'nt intend on turning it over and making a profit right away you can look at it from a collectors standpoint not an investors

Michael "Foster Dollar" Foster

PS. If you keep it long enough in you're own collection if you ever choose to sell it will most likely be worth a lot more than you paid for it!:mouth: