In the 24 hrs on this forum, I am amazed at the knowledge! My question is this. From an experience standpoint- do you feel that collecting to "sit on these coins" for time is it better to look at higher end proofs or the higher end ms coins? I am not talking older but more current such as frankies, Ikes, Kennedys etc.
If you want the truth - it is better to collect coins because you like them - not because of what they are worth - or may be worth in years to come. Quite bluntly - looking at coins as investments can cause you to end up with a lot of coins and an empty wallet. And that happens to folks who have spent their entire lives collecting coins. It takes a great deal of knowledge and experience to buy coins for investments. And even those that have it are not always successful. Please believe me - I'm just telling you the truth. So your best bet is - buy what you like, what appeals to you. And if in the years to come your coins appreciate in value - then good for you for you were one of the lucky ones
I agree with GD, collecting is fun when you collect what you like!...and thats not necessary the most valuable coins...but if you like them... go for them! I mostly collect Small Cents
GD, It is folks like you that is makin' me appreciate this site! You said it in the first 5 words. That goes quite a ways, thanks!
Collecting Hi Bailey, I see that you are into Walkers and Franklins, great. Collect what you love. Don't worry about anything else. I am collecting a few series, as an example I am working on a short set of MS 64 Walkers, I also collect circulated Barber Dimes and Large Cents, I actually enjoy the Dimes in Fine and the Large Cents in VG more than anything else. Go to shows and shop around you will learn alot. Keep on keeping on..... Do what you enjoy !!! Regards Tony
GDJMSP hit the nail on the head! Collect what you want the way you want and you will be a lot happeir in the end. I have taken advice from these folks and I am very satisfied with my collecting coins. coisngolf
GDJMSP gave such a great answer it could merely be left as is but I'll try to muddy the waters a little. Prices for collectibles are based on the interplay of supply and demand. Since there tends to be more potential collectors of a series than coins in most cases, it is largely determined by the demand. Coins with increasing demand will tend to do go up in price the fastest. Each series is different and has different things which attract collectors. Ask yourself what attracts you to the series; is it the perfection of the coins, their scarcity, beauty, history, rarity, or what? Then ask yourself what you believe others seek in the series and how this might change over time. Based on these answers can come the answer to your question. I personally believe that in the later series the mint state coins will do best in terms of increase because very few collectors seek them and this number seems so likely to increase. But I still collect what I like which is both the MS and PR and even set a few PR aside for "future demand".
I agree 100% with GD. Collect what you like. I personally see the value in collecting coins in the beauty and history behind them. So much to learn....so little time
Amen to that. I often wondered that if a coin could speak, where has it been? Where was it used? Where was it stored? A vault? A poker game out West? My grandfather's pocket change as he bought candy as a kid? You get the picture. I look at a 1914 coin as... Wow!, that was the start of World War I or a Lincoln cent from the 30's as a time when one of four were unemployed and the thought of collecting/hoarding a MS 1930's coin was really not a top priority...eating was! Beauty and History. If you appreciate both, coin collecting is for you! Now excuse me as I look for Wisconsin State Quarters with an extra corn leaf! http://www.pcgs.com/articles/article_view.chtml?artid=4338&universeid=313
All the above being said (and quite true), I have had a love affair with Morgan silver dollars all my life (59 yrs). But, I also like things which appreciate in value (read: I like money and I like to watch it grow). So, I generally purchase mid- and high-MS Morgans (exceptions: circulated key dates) which have a proven history of appreciated values (1889-CC, '79-CC, '93-CC, '92-CC, '91-CC, and '90-CC plus a few other non-CCs). If I need fast money, I'll sell one or two. My problem is that I fall in love with these beautiful little ladies and bleed if I have to part with one, even if it's a very common high-mintage no-appreciation coin. As a result, I'm doing a lot of buying and darned little selling. However, the option to sell at a gain is still there. Your mileage may vary.
Anyone who likes Morgans is OK by me! I don't think I could ever bear to part with any of mine- I love them all too much! But I guess that's the point, right? I hadn't heard about this extra leaf thing on the Wisconsin quarters- that'll give me something else to look for in my spare time at work! Rachel
You better start reading your CW closer Kyra - there have been articles with pics about it the last two issues !
I let my CoinWorld subscription expire- I was thinking about not renewing it anyways before they cancelled the forum. Guess I could check back from time to time to see the headlines though. Rachel
