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<p>[QUOTE="Swan, post: 2639070, member: 84455"]I’ve been collecting coins since I was a kid. My Grandfather gave me some really nice Morgan and Peace Dollars, and I was hooked. I’ve been checking my change for decades and have a nice collection of coins I‘ve found. But I’ve never made a major purchase.</p><p><br /></p><p>I’m looking to change that. I want to purchase one of my favorite coins, a MS65 or higher, red, Indian head penny. From what I’ve seen, I can expect to pay $ 700 and up depending on the date.</p><p><br /></p><p>So here is where I’m looking for your advise.</p><p><br /></p><p>Where are coin prices historically? As with all investments, They can go up or down, I’m hoping for up. But I don’t want to buy in what might be a bubble, I haven’t watched coin prices, so they could be low as far as I know.</p><p><br /></p><p>Could I get a better ROI if I pay a lot more for a rarer coin ?</p><p><br /></p><p>I’ve never bought from a coin dealer. Are the prices firm or can you negotiate?</p><p><br /></p><p>There are several coin grading services. Are some better than others?</p><p><br /></p><p>I’m looking forward to your opinion’s. I’m still learning and really appreciate advice from experienced collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="Swan, post: 2639070, member: 84455"]I’ve been collecting coins since I was a kid. My Grandfather gave me some really nice Morgan and Peace Dollars, and I was hooked. I’ve been checking my change for decades and have a nice collection of coins I‘ve found. But I’ve never made a major purchase. I’m looking to change that. I want to purchase one of my favorite coins, a MS65 or higher, red, Indian head penny. From what I’ve seen, I can expect to pay $ 700 and up depending on the date. So here is where I’m looking for your advise. Where are coin prices historically? As with all investments, They can go up or down, I’m hoping for up. But I don’t want to buy in what might be a bubble, I haven’t watched coin prices, so they could be low as far as I know. Could I get a better ROI if I pay a lot more for a rarer coin ? I’ve never bought from a coin dealer. Are the prices firm or can you negotiate? There are several coin grading services. Are some better than others? I’m looking forward to your opinion’s. I’m still learning and really appreciate advice from experienced collectors.[/QUOTE]
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