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Thoughts on key date US coins as investment hobby?
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<p>[QUOTE="Joshua Lemons, post: 26417312, member: 82388"]I haven't actively collected US coins in over a decade. I grew up hearing about the 1909S VDB, the three legged buffalo, the 1916D mercury, etc. These were always the rare coins everyone wanted. The biggest thing I've come to realize is a collector can go into about any decent sized show and find a few examples of all of these key dates and others. </p><p> </p><p>Other than the most super rare in number or conditional rarities, I think most key dates aren't going to appreciate much more. In fact, I hear every day on Instagram and discord about the very high pricing at shows and online. For me personally, it doesn't matter how much I want a coin if the price is too high, I'll walk away and most people I know are the same. </p><p><br /></p><p>Like most of the other posters, I collect for the fun and enjoyment. I love the history behind coins. I look at them like little works of art and I'm curating an exhibit. So, if my choice is to spend hundreds on 1916D Mercury that's slick or a fraction of that cost on a high grade example with satin like luster and beautiful toning, it's a no brainer for me. That 16D is staying in the case. </p><p><br /></p><p>I'll end by saying, there's a reason you don't hear about people making a fortune off of rare coins every day. Most of the coins a person would need to buy to make this happen are well above most people's means.[/QUOTE]</p><p><br /></p>
[QUOTE="Joshua Lemons, post: 26417312, member: 82388"]I haven't actively collected US coins in over a decade. I grew up hearing about the 1909S VDB, the three legged buffalo, the 1916D mercury, etc. These were always the rare coins everyone wanted. The biggest thing I've come to realize is a collector can go into about any decent sized show and find a few examples of all of these key dates and others. Other than the most super rare in number or conditional rarities, I think most key dates aren't going to appreciate much more. In fact, I hear every day on Instagram and discord about the very high pricing at shows and online. For me personally, it doesn't matter how much I want a coin if the price is too high, I'll walk away and most people I know are the same. Like most of the other posters, I collect for the fun and enjoyment. I love the history behind coins. I look at them like little works of art and I'm curating an exhibit. So, if my choice is to spend hundreds on 1916D Mercury that's slick or a fraction of that cost on a high grade example with satin like luster and beautiful toning, it's a no brainer for me. That 16D is staying in the case. I'll end by saying, there's a reason you don't hear about people making a fortune off of rare coins every day. Most of the coins a person would need to buy to make this happen are well above most people's means.[/QUOTE]
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