Whether you collect coins because you love the artwork or the historical times that the dates cover everyone is interested in making a profit. Whether its silver, gold or even clad what's the best coins to collect to turn a profit on someday? What do you collect? I collect a mish-mash of a bunch of coins from pre-33 gold to pre-65 silver and alot of in-between stuff but I also clean out my locker to change my focus so I guess that's what I'm doing here. Just looking for ideas and coinversation. :yes: Anyone?
Coin Collecting for Dummies: The Official Guide Book Profit Profit is defined as an imaginary sum of money which is only realized upon the death of the collector because his or her heirs have paid zilch for the collection. Chris
I like to collect popular US coin series from the late 19th early 20th centuries. Specifically, Morgan and Peace dollars, Walking Liberty Halves, Standing Liberty Quarters, Buffalo Nickels, Mercury Dimes, Indian Head Cents, Lincoln Cents. The "classics" of US coinage. The designs are inspiring and artistic. The fact that these series are very popular makes them a little pricey, especially the key dates or higher grade coins, but if you want coins that should maintain their value or increase in value over time, I believe any of these are a good choice. Lately I've been branching out into Barber coinage. I may delve further back into the 19th century as well eventually, but in my opinion, you can't go wrong with the classics.
I do not agree with this. I do not purchase the coins I collect with a vision of profit in the future. Maybe that sounds dumb to most, but that's just me.
Originally Posted by fretboard Whether you collect coins because you love the artwork or the historical times that the dates cover everyone is interested in making a profit.... Put me down as another who isn't interested in profit. I collect for the beauty (completing the 18th century Type coins not in the Dansco 7070 Type album is a secondary goal) and knowledge (completing the Red Book half cent varieties is my primary goal). Focusing on problem free half cents has slowed down my acquisition rate (problem free is scarce). If profit is your only goal, there are much better places to put your money.
Right now working on a Franklin 64 + set, about half way there. I also get the annual proof and uncirculated sets from the Mint. Looking at starting a Mercury dime set, and possbily a Walker half. Been thinking of a Civil War type set, all denominations minted from 1861 to 1865. Also strong considering an ancestry set, which would include at least 1 coin minted in the same year as each generation grandfather was born. Gonna have some difficulty before 1795 as the next earliest generation grandfather was born in 1763 and the English monetary system was still being used in the original colonies then. But I can go back as far as 1795.
I guess I am a different type of coin collector than most above b/c I collect for a myriad of different reasons. I don't just collect because of the artistic beauty of coins but I like to make a profit on coins as well. I think this is mostly true for most traders on ebay. When I go into a coin shop it's mainly because I want a specific coin. That said, while I am there I will see if I can make a profit on something else as well. Last time I checked, it's not against the law and doesn't violate any coin collector's code I know about. Profit is good. :yes:
I collect for a plethora of reasons. I love how beautiful some coins are, I love the history behind them and everywhere they've been(kind of a "if these coins could talk" thing), and finally it doesn't hurt to make some money so you could buy more coins.
I'm the same way. There is nothing wrong with buying coins that you feel can be profitable in the future. Some members would actually insist that you're not a collector for doing this. The very fact of keeping the coins instead of flipping them right away screams "collector". =) Personally the only way I would buy a coin at full price is if it's the only one available at the time. With everything else, I consider if I can break even or make a little something if I get a better example and sell the first one.
The coins I like to collect, starting from when I got interested and started purchasing. Morgans, Bust halves, early commems, mercs, wlhs, slqs, barbers, seated coinage, indian head cents, later commems, proof sets, mexican coins (this one has a history longer and more varied than usa coinage), private silver rounds, govt silver rounds, Indian head cents, nickel three centers, gold type, platinum eagles, Political hard times tokens, patriotic civil war tokens, fractional currency, large type silver certificates, Buffalo nickels, Large foreign silver coins, Canadian half dimes, canadian sterling, For now I am resisting ancients.
Never said there was anything wrong with it. I was merely pointing out that your statement of "everyone is interested in profit" is not entirely true. At least not in my case. I have no problem with collectors looking for profit. I buy privately from such collectors, and wouldn't have been able to acquire some of pieces I have without them.
Well i enjoy collecting modern commemorative coins i do hope to profit from it by banking on raising PM prices.
Although I do collect for the beauty and the Hobby of collecting, I also do this as something to pass down to my daughter someday. And for her to pass it to her Children ect ect. And if at some point, they need the money for College or something, then it was worthwhile. But I do this for the enjoyment of it primarily.
It's really funny how some of these threads end up. I started this thread just to see how some of y'all have been creative, especially now since both gold and silver are down. Almost everytime I go into a coin shop I see profit. Sometimes it's only in vintage silver bars or pamp suisse gold bars both of which do very well on ebay but not too well in some coin shops. There are many numismatic items and coins that do well on ebay but not too well in the private sector. If you look around there are ways to make a profit and what the heck, you're in there for something else anyways? I'm just sayin'. :hail:
Mark me in this group as well, I don't collect to make profit. The coins I collect will never be sold once they're in my possession, they'll be handed down to my son or whoever I deem worthy to keep them and pass on as well.
I can't really answer this question. I guess whatever captivates my attention to the point where my wife can be talking to me, and I don't hear a word of which she is saying. I have taken my collection of thousands of coins and downsized it into a much smaller number of U.S. coins which knock my socks off. This doesn't neccesarily have to be significant high dollar items. Take a nice naturally toned FBL franklin for instance. I am trying to focus my collection on coins that I would be happy to be stuck in an elevator with for an hour or so.
