I invest in coins.

I love reading this forum everyday and I admire the knowledge of everyone here. I invest in coins. I put 10% of my net earnings into coins.

Yes I know it is not sure proof but that is half the fun is it not?

Like the game of life I am making choices with what coins I buy in hopes of the best appreciation.


Its ok to be a capitalist and try to make a profit on coins especially if you plan on not selling for 40 years.

Current age is 32 will pass on all coins to my 6 month old baby.

Just wanted to share and tell of the coin collectors on the "dark side" that its "ok" to try and make it big in coins.

 

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Hello and welcome to the forum. I see nothing wrong with trying to make money in coins. That is the nature of my entire business and it's great to make a living doing something that I love!

Are you investing in any particular types of coins or is it just as you see them?

 

So glad you asked susanlynn9.

I have a MS63 St Gaudens 1924
4 2001 Proof Silver buffalo Commems
1986 statue of libs commems
4 gold bullion proofs
various Carson City Morgans (my favorite) I like to pretend Billy the kid had his hands on my coins at one time.

Thanks again for asking and I hope you make a huge profit in the near future!!!!!!

Cheers!!

 

Are any of your CC's GSA?

 

No, With all of the reading I did I came to the conclusion that I personally do not like GSA's.

What do you think?

Thanks for replying.

 

GSA's have their place but they really don't fit the "Buy the coin, not the holder" philosophy. They have too much mark-up just for some government history IMHO. Given two CC Morgans, both in MS64 but one in GSA holder, I'll take the non-GSA for less $.

 

Not that I suggest using coins for investment purposes, but GSA coins always bring the premiums in same coins-same grade.

 

It's true that better deals can be had with non-GSA Morgans, but if you can find a good deal on a GSA, I think their value is more stable. I do not foresee their value ever dropping. As far as collecting, I prefer non-GSA - I like GSA's for investment.

 

What would you say are the best and worst CC investment Morgans. I'd vote for 89 and 85 for best and 84 for worst.

 

Personally, I like the potential of the 1890 and 1892. Their prices rose significantly this year but can still be had for less than many of the other CC's. I think that by 2006, they'll be worth considerably more. JMHO.

 

I have never said it isn't. What I have said many times is that collecting for the sheer love of the hobby, and collecting as an investment, are two different things, and should be recognized as such.

 

Investment is kind of a dirty word around here and it doesn't really need to be. Extreme caution is advised since prices can soar and plummet and remain unchanged for generations.

I have always been fascinated with coinage since I was a toddler and first understood the concept of money. It is intriguing that coins can randomly pass from one person to the next and are always accumulating the wear and marks that say so much about where they've been. It was distressing when the coins were removed from circulation to be replaced by identical and "worthless" slugs which had almost no individuality in either production or wear. It was worse when it became obvious that even old clads would show up in circulation in brand new condition. There was an article in the Chicago Tribune in 1972 that said the mint was going to start rotating their stocks of coins as part of a switch to new accounting methods. This was when I started investing in coins. Oh sure, I did a little collecting with these coins even back then but most of my collecting in those days was confined to more traditional series like indians and large cents. Over the years of investing in the clads I discovered their many charms and put a great deal more effort into collecting them and somewhat less into investing in them.

The point being that it's very difficult to remain a pure collector or a pure investor. Whichever you are it is wise to select coins that fit both parameters as well as possible and to remember that as you and/ or the coins evolve, there may well be changes in how you view your activity.

 

Well, you will not get any argument from me against capitalism. I think that even courts and the police ought to be privatized. I have the movie Wall Street on VCR tape just for the "Greed is Good" speech.

Buy-and-hold is only one strategy. Truly, if you want to make money in coins (or anything else) you have to trade actively. Buying and selling opens the door to many small profits that acrue.

 

welcome!!!!!

 

My father who sweated for his money gave me the best financial advice that I never used when I was making money as a pre-teen/teenager on the streets of New York and that was to buy gold coins. He would of if there was enough money to go around and I didn't. If you want to invest in coins, I would recommend that you buy gold bullion. I feel this would give you the opportunity for the value to go up plus if you plan on passing it on to you child or grandchildren then the dates might start to be collectables as well. One more thing about gold is that if you have the coin in hand, no one knows about it which may be something to consider for the future for one never knows what the tax codes will be 40 or 50 years from now never mind every four. As for other investments did you ever think about land. Every year the population increases and every year the amount of open land decreases. Something to think about.

 

I disagree that one has to know the coin market and its cycles in order to be successful in coin investing. With all due respect, I am not an expert however just like in the stock market there have been people who have made fortunes just by choosing to invest.

Gold just may hit the $ 1000 dollar mark in the next two years. Can you imagine what effect that will have on pre1933 gold coins? Gold bullion coins?

Silver will skyrocket in the next 5 years to 100 bucks an ounce IMHO what effect will that have on Morgan dollars and other silver coinage??

All of these coins will skyrocket.

Living in uncertain times that we do all kinds of people are looking for investments that they can hold and touch and keep locked underneath there floor boards. With the widespread outreach of the internet more and more people are going to be getting into the game.

By the way I would love someone to tell me of a US coin that has gone down in value over a 40 year period. It does not happen. Though coin prices fluctuate they always go up over time.

Oh by the way there is a guy in the newspaper willing to pay 3 cents for any wheat penny. I call that a 300$ growth and that is why I am not only buying coins at overblown retail but I am now a coin hoarder.


Thanks for letting me share.

 

That seems VERY optimistic to me.

 

I didn't realize the Hunt brothers were back in the market cornering business.

 

Howdy and Welcome to Coin Talk!

I must dissagree with you
Yes I buy some coins with the intent of resell ( I guess that would be considered investing...buying low and selling high) but I don't usualy sell them cause when (most of the time I get them off of e-bay) I get them I just want to keep them --I try to buy them slabbed.

I wouln't even go there

I have heard of one but it slipped my mind just now--I bet somebody else will remember it.....

I'd like to buy them for $0.03 each--I pay $0.05 each for wheat cents that have been gone though....


Oh well...what it all boills down to is...I collect...and that is what I would avise


Speedy
WINS#398
ANA#??? I'm still waiting on it to come in the mail