Pick a Coin

Discussion in 'Coin Chat' started by ejkcoin, Jun 5, 2005.

  1. CoinOKC

    CoinOKC Don't Drink The Kool-Aid

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  3. busco69

    busco69 Member

    The 1872 2 cent piece has tripled in the last three years is it done going up maybe maybe not. Buy what you like and enjoy it look around for awhile you will find a good deal if you have patience. best reguards Tom
     
  4. youngcollector

    youngcollector U.S. coin collecter

    I think you should go with c, or d us gold if you can get your hands on one with nice detail. there rarity and historic value are a great deal for there price in lower grades.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator


    There is so much out there about world coins that it would take a book just to start. But the following link will provide not only a lot of world coins to look at - but US coins as well - Click Here

    Now if you can narrow down the area of world coinage that may interest you - I could provide LOTS of links ;)
     
  6. satootoko

    satootoko Retired

    That's a great link that Doug posted. As he said, once you decide to focus on something I too can give you lots of links; but the two best ways to get an overview of world coins are:
    • Visit a dealer who handles a lot of world coins, and get to know him and his stock, or
    • whip out what I consider the most important document in any numismatist's pocket - your library card - and trek on down to your local public library.
    The standard library call numbers for numismatic books start with 737. The latest edition of the Standard Catalog of World Coins, 1901-date, contains almost 50,000 full-size illustrations of coins from Afghanistan to Zimbabwe.
     
  7. ejkcoin

    ejkcoin New Member

  8. jimmy-bones

    jimmy-bones Senior Member

    With $1,500 at today's coin prices, you should seriously consider the stock market to as an investmet for future growth.
     
  9. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    ejkcoin,

    The article says that PCGS graded about 500. The NGC census report says they have graded over 1,200. Other TPGs probably graded a bunch too. It's an interesting coin. How likely is it that the rariety will hold up? I guess in MS70 it will always be scarce.
     
  10. sylvester

    sylvester New Member

    Whatever you chose to buy, buy the coin for the enjoyment it will give you, not for the investment potential.

    Too many people worried about $$$ these days and not enough about the coins for their own sake.
     
  11. Danr

    Danr Numismatist

    1895 0 dime ef-au if you can find it
     
  12. drddm

    drddm New Member

    Hi ejkcoin,

    EDITED---NO OFFERS TO BUY/SELL/TRADE--ALSO NO SELF PROMOTION

    I do believe that this coin and ALL Lincoln cents will rise in price as the centineal approaches in 2009 and the US Mint releases the 4 commemerative Lincoln cents. This is what a lot of the coin literature is saying.

    EDITED---SAME REASON

    Good luck on whatever you decide to purchase,
    drddm
     
  13. ejkcoin

    ejkcoin New Member

    With W

    Cloud,

    My thinking is that 2000 are less of these coins were accidently minted. The grading service census numbers are probably skewed by resubmits.
     
  14. DrStrangelove

    DrStrangelove New Member

    I think playing the metal market might be fun for you. But keep in mind that all the metals are at historic highs right now; every thing could drop like a rock anyday. I just sold a bunch of my silver. The 10oz silver bars that I bought at $50 a few years ago (when silver was $5 an oz) i was able to sell for $70 (or $7 an oz, the price of silver now) . But the silver 'eagles' I bought for $8, $9, even $10 dollars at the same time (when silver was selling for $5 an oz) were worth the same as the bars: $7 an oz. Lesson: stay a way from "eagles" or other fancy silver coins if you want to spectulate in metals. You rarely get premiums back when it comes time to sell. Good luck!
     
  15. ejkcoin

    ejkcoin New Member

    Everyone has different viewpoints I suppose. I have a stock portolio that I look at when I have to, boring. Not nearly as interesting as collectible coins. Investing in commodities is not for me. Sort of like buying corn or sugar for profit. I know people that enjoy greatly watching prices swings and calculating profits, though, I know where you are coming from.
     
  16. Supadave_1

    Supadave_1 New Member

    How about purchasing a nice little colonial...always going up in price...St.Patrick Farthings would be an excellent choice...I bought my 4 with about 1000 each. Still leaves room for a nice example of a 32 S or 32 D...
     
  17. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    DrStrangelove,

    My opinion (don't mistake any of this for fact) is that you may have given up on silver a bit too soon. I don't know if silver eagles are the best way to collect silver, but I expect them to sell for a much higher price five years from now, maybe north of $20. But I guess if I had to choose, I'd prefer the one ounce maple leafs because they are also worth $5 canadian, so there is a floor under your purchase price. If silver goes down a lot, you can always take them on vacation to Toronto and spend them.
     
  18. crystalk64

    crystalk64 Knight of the Coin Table

    STOCK market? It would be safer to flush in down the toilet! At least you would know where it went!
     
  19. DrStrangelove

    DrStrangelove New Member

    It's certainly possible silver could shoot up in the next few years. I still have more silver left that I could sell if that happened. But, historically, sliver is pretty high right now.

    See chart 1792-Present: http://www.kitco.com/scripts/hist_charts/yearly_graphs.cgi

    I bought when silver was at $5 and sold when it was $7. Thats a pretty good return. Especially when you consider that the last time silver was this high was 20 yrs ago.

    I also collect coins. But I don't consider that speculation. Like most collectables, they aren't makeing any more of them ;) Well bought coins will tend to go up over time.

    If you want to buy silver now and you can find Maple leafs for $7 or $7.50, buy them. That's a good price. But more likely, your local coin dealer will want $9 or $10 dollars for them, which is too much of a premium. Unless you just like Maples and want to make a set out of them and hold them regardless of price -they are after all a very nice looking coin. But just remember, when it comes time to sell them as a bullion piece, you're only going to get spot for them (unless you have them in a set or something. -My 1986 Silver Eagles did get me an extra dollar last week, but my 1987-1999 got me only spot.)

    But, if you want to buy silver now or wait till it drops down to $4 or $5 dollars, I suggest buying Englehard 10oz bars at no more then .20 cents over spot price. Good Luck!
     
  20. Speedy

    Speedy Researching Coins Supporter

    I don't know...Silver Eagles have been minted since 1986 (19 years to date) and only 2 have gone up to $20 or over $20...I don't think we will see much of a rise in silver unless the "Hunt" Bro's. come back under another name ;--)

    Speedy
     
  21. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Speedy,

    Write down the date and time so at some point in the future you can verify that "I told you so!" :)

    Don't go by past history when it comes to silver. The market dynamics are very different now than at any time in the past. There is a very high probability that nobody who reads this will ever see $4 per ounce silver again in their lifetime, unless there is a very severe deflationary depression.

    Normally, the rule of thumb I use for eagles and maple leafs is that the maximum price to pay is $2.50 over spot including any shipping costs. At certain times it is possible to do much better. Silver in coin form will normally sell at a premium to spot. I don't really believe any of the silver eagles have numismatic value because they are bullion coins, although a couple of dates sell for outrageous premiums. I'm currently not in the market for bullion coins.
     
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