does this make these coins more collectiable

Discussion in 'US Coins Forum' started by enochian, Oct 2, 2012.

  1. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    Generally, collect what tugs at your heart.

    Here, however, it sounds like you want to collect something you like that will also have a reasonable possibility of being a good investment.

    If that is the case, limit your collecting of coins minted in the last 50-60 years or so to ones you really like no matter what happens with value. For the bulk of your collection, I would even recommend finding an older series that appeals to you such as a sub-series of half cents or large cents, two cents, three cents, or even Lincoln wheat cents.

    Also, foreign coins are a nice addition to any collection. Many really beautiful and interesting coins exist outside the US borders. Also, many of those coins are probably undervalued. Many of the US coins that are worth so much today, looking back, were undervalued 100-150 years ago.

    Summarily, collect what stirs you, then collect what appeals to you that has a good track record.
     
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  3. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    If you can cut the cigs, it will give you more for coins. I know that is obvious and much harder said than done. Also, your coins will not be affected by possible smoke damage.
     
  4. enochian

    enochian silver eater

    dont smoke in house have a 9 month old baby girl
     
  5. Kentucky

    Kentucky Supporter! Supporter

    Yep, I did that too, until I realized how bad it was for me and quit altogether.
     
  6. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    Whether you realize it or not, that is a step in the right direction.
     
  7. goldmark

    goldmark Active Member

    I congratulate you for doing so, this earns you my respect.:thumb:

    As others have already stated mintage numbers are not everything, if a design is not popular and doesn't meet sufficient demand it will not prosper in numismatic value as a consequence.

    Modern coins are great to collect in my opinion, there are many undiscovered and undervalued gems out there.

    A general categorization of modern coins is the separation in circulating and non-circulating coinage. Some of the more known and respectively numismatic interesting circulating coins in Europe are for example strikes of San Marino, Monaco and Vatican City. Among the non-circulating coinage a break up in three main groups is possible: government issued commems, mint on demand (on commission)/agency releases and semi numismatic bullion. Popular mint on demand issues are the Mongolia 2012 Silver 500 Togrog Long-Eared Hedgehog Coin or the 2006 Red-Back Spider 1oz Silver Proof Coin, among the agency releases the African Wildlife Somalian Elephant Silver Coin (minted in Germany by Bayerisches Hauptmünzamt) or the Cook Island Bounty bullion coins (minted also in Germany by Heimerle + Meule).

    Semi numismatic bullion coins which have seen at least partially rising premium include the Australian Kookaburra, Koala, Lunar series, the Chinese Panda and the Great Britain Britannia (they're in my opinion an interesting combination of collecting and investing).

    As with everything, having too high expectations of the future financial development and the concentration thereon can lead very fast to disappointment. Collecting is done for the joy and investment for the profit.
     
  8. Conder101

    Conder101 Numismatist

    I don't know who else may have come up with it but I adopted that philosophy back in the early 70's. If you are going to flip or speculate you have to get a supply fast and move it while it is hot, but if you want to COLLECT it you are usually better off waiting for 10 years or so for the prices to fall.
     
  9. medoraman

    medoraman Supporter! Supporter

    Wise man. I believe I read it in NN or similar about a famous dealer who used to preach this. Sounds like you were ahead of the curve. ;)
     
  10. statequarterguy

    statequarterguy Love Pucks

    Of course there are examples both ways, If the series is extraordinarily unpopular, like SBA's, little will help prices, until and if it is ever widely collected.

    As for the 10 year rule, where's the fun, the thrill of the ride?
     
  11. Conder101

    Conder101 Numismatist

    My point was that just because a mintage is low it doesn't automatically mean it will be in high demand and a "desirable" collectible. The demand has to be there first. A low mintage might create a little extra demand, but it can't substitute for it.
     
  12. statequarterguy

    statequarterguy Love Pucks

    Or, it may create a lot of extra demand - thus, the thrill of the ride.
     
  13. Kentucky

    Kentucky Supporter! Supporter

    Early in my collecting life I wanted a 1950-D Jefferson Nickel, but they were selling for $10 to $12 dollars, so I waited. After years of waiting, I bought a couple for $11 each. Just looked on e-bay, I can buy them now for $10 - $11 dollars. This is the example I always remember of the "low mintage" that attained a high price almost immediately, then stayed there.
     
  14. LindeDad

    LindeDad His Walker.

    Guess I should of mentioned this was back in the Satin mint set era when I was trying to find high grade Business Strike coins.
     
  15. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    Were there quite a few years between wanting, waiting, buying, and ebay?

    If so, the price has not really remained the same. After considering inflation, the price has gone down.

    The 1950-D nickels were extremely popular from the start and many were put away. As time goes on, more come to light and keep the price steady (in absolute dollar terms).
     
  16. medoraman

    medoraman Supporter! Supporter

    Yeah. The 50d was subject to mass speculation from roll hoarders in the day. I am not sure its really a fair comparision. The same would happen with the early sixties large and small date cents. Both were hoarded viciferously and subject to speculation.
     
  17. statequarterguy

    statequarterguy Love Pucks

    I'm talking about 2008 to 2012 rolls, so that includes the satin era. I'd say they look like they were struck with satin dies even though supposedly they weren't. I haven't looked at any with a 5x, but remember thinking the few I looked at from each roll looked better than some of the later satins in mint sets. They're at least ms68's or 67's, I'm talking very few if any noticeable bag marks, looks like they never flew into a bin.
     
  18. Kirkuleez

    Kirkuleez 80 proof

    I'm not trying to offend anybody or their collection, but I find modern coins boring. They are lacking my favorite part of coins...history.
     
  19. statequarterguy

    statequarterguy Love Pucks

    Yeah, more than a few moderns are boring and that’s reflected in their lack of popularity. I’ve never been one to fill holes with the same coin/different mint mark over and over completing a series – that’s boring to me. So, I’ve mostly collected type, commemoratives, state & atb quarters for the different designs on each coin.
     
  20. Kentucky

    Kentucky Supporter! Supporter

    Point well taken.
     
  21. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    I agree. I used to buy rolls and rolls of state quarters and presidential dollars until I realized I was trying to invest, but it was a poor strategy.

    Now, I love coins, but I also like the real possibility of creating a collection that will increase in value. I figured to do this, I needed to get away from modern issues. Now, I still have a few rolls of state quarters that I like the design on, but I do not have 10-15 rolls like I used to.

    When I looked at older coins, I fell in love with the draped bust and am collecting those in large cents, along with other large cents. I also like Lincoln wheats. Also, since joining this site, my interest in ancient and foreign coins has been piqued.
     
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