Suppose I came into about $500.00 or so that I would like use for buying coins. What would you buy with the hope of turning a little profit down the road? I presently buy a lot of the Mint products that are issued. Thanks.
Take $400 and buy a Key coin, and take the other $100 and spend it on your wife, you will win in both areas.
I probably would buy a one ounce American gold eagle. As an alternative, you could buy about 3 common date Morgan dollars in MS65 condition, or about 9-10 of them in MS64 condition. If you like products from the US Mint, some of the commemorative gold and silver coins minted from 1982 to the present might be interesting. My own preference is to stay away from clad coins.
I would definintly buy a key, they will probebly always have value potential, and there is always demand for them.
But a coin you like...it doesn't have to be a key date...it can be a circulated coins or a un-circulated coin..or a proof coin...but make sure you like it...don't ever count on a coin going up...because it might...and it might not. Speedy
That actually happened to me a few years back when I was working my way backwards trying to collect proof sets.I got my tax refund (just over $500) and purchased 1954 and 1955 in the original boxes.Even the tissue paper inside is original although the cellophane for the '54 was replaced with mylar.The '55 has the cello inside of flips.I love them...beautifully ugly!
I just got my 55 box proof set...nice and cheap...the dime has CAMEO and is a great one...I haven't see any 54's around here! Speedy
