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<p>[QUOTE="19Lyds, post: 1172667, member: 15929"]Buy only what you like and are willing to have understanding that it will more than likely NOT be worth what you paid for it should you try to sell it in 1, 5, or 10 years!</p><p> </p><p>When coin collecting is approached from an investment standpoint, it can only go south. Especially if you have no idea what you are doing! I only say that, because you are asking which tells me, you don't really know what to do.</p><p> </p><p>There are MANY coins which have "stable" values which end up costing you to sell them. In other words, if you pay $5,000 for it today and in 10 years its worth $5,000, you'll have to pay someone to sell it provided you don;t have a buyer immediately lined up. That's a loss.</p><p> </p><p>There are MANY quick flip coins which are the current "hyped" trend of the day. These typically are losers over the long run since their entire purchase price is based upon some artificially created desire for the coin. Look at the 1999 Silver Proof Sets. In their "Hyped Day", $450 was a reasonable price. Today, siunce State Quarters are on the Ho-Hum List, $175 would be a good price since they typically sell for close to $150.</p><p> </p><p>There are MANY Key Dates (which vary from collector to collector) that, once you buy into the "KEY" hype, can end up costing you money. As pointed out, 1950D Nickels, in their day, could get $50 per coin. Today, they can easily be had for $10 or less.</p><p> </p><p>My advice, just look for something you like and pay ONLY a fair market price for it. Do NOT over pay due to someone elses advice. Be sure you'll like the coin for what it is which is nothing more than a coin.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1172667, member: 15929"]Buy only what you like and are willing to have understanding that it will more than likely NOT be worth what you paid for it should you try to sell it in 1, 5, or 10 years! When coin collecting is approached from an investment standpoint, it can only go south. Especially if you have no idea what you are doing! I only say that, because you are asking which tells me, you don't really know what to do. There are MANY coins which have "stable" values which end up costing you to sell them. In other words, if you pay $5,000 for it today and in 10 years its worth $5,000, you'll have to pay someone to sell it provided you don;t have a buyer immediately lined up. That's a loss. There are MANY quick flip coins which are the current "hyped" trend of the day. These typically are losers over the long run since their entire purchase price is based upon some artificially created desire for the coin. Look at the 1999 Silver Proof Sets. In their "Hyped Day", $450 was a reasonable price. Today, siunce State Quarters are on the Ho-Hum List, $175 would be a good price since they typically sell for close to $150. There are MANY Key Dates (which vary from collector to collector) that, once you buy into the "KEY" hype, can end up costing you money. As pointed out, 1950D Nickels, in their day, could get $50 per coin. Today, they can easily be had for $10 or less. My advice, just look for something you like and pay ONLY a fair market price for it. Do NOT over pay due to someone elses advice. Be sure you'll like the coin for what it is which is nothing more than a coin.[/QUOTE]
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Many common or a few key dates?
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