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<p>[QUOTE=&quot;catbox_9, post: 180596, member: 7344&quot;]I&#039;m not the greatest expert or anything but I think I&#039;d hold off before spending $5000. If you own between 0 and just a few coins I don&#039;t think it&#039;s wise to spend $5000 on something you might not be all that interested in. If you insist on spending $5000 I&#039;d buy a ton of silver/gold and to a lesser extend platinum (or even palladium) coins. Don&#039;t go for any rare dates/errors/etc. just get your basic American Silver/Gold/Platinum Eagles, Canadian Gold/Silver/Platinum/Palladium Maples, etc. That way even if you lose interest quickly you still have precious metals that have little value other than their metal value. If you start buying a bunch of rarer stuff without experience, there&#039;s a good chance you&#039;ll make foolish purchases (if you start small, a foolish purchase won&#039;t really matter. I&#039;d much rather pay $5 for a circulated 1943 cent because it looked really rare than $2,250 on a &quot;MS-60&quot; 1817 Large Cent with 15 stars that turns out to be a EF-40 worth less than $500). Unless $5000 is a very insignificant sum of money to you, do not spend all of it on coins that have a high numismatic value.</p><p><br /></p><p>Here&#039;s what you should do:</p><p>Buy a Red Book, you have to have one of these if you have even a slight interest in coins.</p><p>Think twice about spending $5K with little knowledge of what you are doing</p><p>Start out with coins where you can&#039;t really lose - 90% junk silver, bullion with little numismatic premium, etc.</p><p>While you do this, feel free to buy some random coins you don&#039;t have/ have never seen i.e. 2 cent pieces, trimes (3 cent pieces), barber dimes/quarters/halves, etc. Don&#039;t get really nice examples but just buy a bunch of different types of coins in good condition (when referring to condition, good doesn&#039;t mean great, it means merely okay).</p><p><br /></p><p>I&#039;d say spend a couple hundred dollars on bullion (I&#039;d get mostly junk silver since it&#039;s pretty cheap) and maybe $100-$200+ on different types of coins. Read the red book and look at what you&#039;ve got. If you still very interested in coins, spend up to a thousand dollars on whatever interests you the most. If you still want more, then and only then, should you go spending large sums of money on coins.</p><p><br /></p><p>This post didn&#039;t really address the collection you have a chance to purchase from but use my advice towards that collection.</p><p><br /></p><p>Whatever you do, buy a Red Book. Until you have read through a 2007 Red Book, do not spend more than $50 or so on coins. There are other great books out there but the Red Book is a must-have (the blue book is similar but I&#039;ve never bought one. If you want to spend a bunch of money, that may be of some use to you as well but honestly I know little about this book).</p><p><br /></p><p>Lastly, the United States isn&#039;t the only country that produces coins so you may be interested in foreign coins, too but that can be a very challenging (and rewarding, too) place to venture. I&#039;d start with American coins especially if you live in the U.S. (I didn&#039;t look at your profile) since that&#039;s what you are most familiar with and they&#039;re easiest to find.[/QUOTE]</p><p><br /></p>

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