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<p>[QUOTE="The Penny Lady®, post: 704086, member: 16948"]I disagree that investing in coins is a losing proposition - it doesn't have to be. Doug, you mentioned collectors who try to sell their collections end up taking a loss. That may be true for an entire collection because only one or two coins in most collections are rare.</p><p><br /></p><p>However, when I get asked the question about what coin is a good investment, which I get a lot, I advise them if they truly want coins for investment purposes, then buy the <b>best quality key dates </b>they can afford. Forget all the other dates in a series, concentrate on quality key dates only. If you were to graph pricing guides for key dates over the past several years, you would see a steady upward line. </p><p><br /></p><p>1877 Indian cents alone increase in value about every few months or so. A few years ago, the 1909-S vdb in Good was selling for $400 or so. Now, that same grade sells for $650+ and that's one of the lowest grades. Only <b>two </b>years ago, I was selling 1909-S vdb in VF for $800, now that same grade sells for $1200.</p><p><br /></p><p>Even the 1955 double die has gone up tremendously in the past 5 years. I bought a few in certified AU58 about 4-5 years ago for $800-$900, and now I can't buy one in the same grade for much less than $1700-1800.</p><p><br /></p><p>So IMO "investing" in coins can be profitable if you buy the right coins.</p><p><br /></p><p>(Note: the coins and grades discussed above assume a problem-free coin.)[/QUOTE]</p><p><br /></p>
[QUOTE="The Penny Lady®, post: 704086, member: 16948"]I disagree that investing in coins is a losing proposition - it doesn't have to be. Doug, you mentioned collectors who try to sell their collections end up taking a loss. That may be true for an entire collection because only one or two coins in most collections are rare. However, when I get asked the question about what coin is a good investment, which I get a lot, I advise them if they truly want coins for investment purposes, then buy the [B]best quality key dates [/B]they can afford. Forget all the other dates in a series, concentrate on quality key dates only. If you were to graph pricing guides for key dates over the past several years, you would see a steady upward line. 1877 Indian cents alone increase in value about every few months or so. A few years ago, the 1909-S vdb in Good was selling for $400 or so. Now, that same grade sells for $650+ and that's one of the lowest grades. Only [B]two [/B]years ago, I was selling 1909-S vdb in VF for $800, now that same grade sells for $1200. Even the 1955 double die has gone up tremendously in the past 5 years. I bought a few in certified AU58 about 4-5 years ago for $800-$900, and now I can't buy one in the same grade for much less than $1700-1800. So IMO "investing" in coins can be profitable if you buy the right coins. (Note: the coins and grades discussed above assume a problem-free coin.)[/QUOTE]
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