Top Twelve Investment Coins for 2006

In the latest issue of COINage Scott Travers lists 12 coins which are going to be great investments for 2006. If you bothered to read the article, how many of the twelve do you currently own or are planning to acquire within the next month or so?

Bone

 

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For those who haven't read it, a quick list?

 

Let's clarify that a bit - Travers lists 12 coins which he believes are going to be great investments. What's his track record as an investment counselor?

 

Umm.. i don't subscribe.. what are the choices?

 

Travers, IMO is a smart collector...he started as a YN and kept on going....
I'm not much on his....guess's....but would still like to know what he listed.

Speedy

 

OK, all here they are:

1. Certified business strike generic gold coins, Liberty's and St. Gauden Double Eagles.

2. Proof gold type coins.

3. Registry set coins.

4. Certified Carson City Morgan Dollars.

5. Draped Bust Silver dollars EF-45 thru AU-55.

6. Lincoln Cents graded MS-65-RD by PCGS.

7. Major Rarities.

8. Statehood Quarters and early Washington Quarters.

9. Collection defining coins.

10. thru 12. Liberty (Coronet) Double Eagles, Liberty Eagles, and Liberty 1/2 Eagles in circulated condition.

Bone

 

I have number 8. :hammer: :hammer: :hammer: :whistle: (Then again, so does everyone else in the United States.) :goofer: :goofer:

Charlie

 

Since I completed that set just a few months ago I have it....but I think lots of collectors do too....

Who is to say what makes a Major Rarities....maybe my 1958-D-D-D cent is rare to some as it is an R8 and that means 65-125 known...but to some a Major Rarities means 1 or 2.....

Yep---if I had the $$...I wouldn't mind buying one...

What does that mean??

Speedy

 

I'll guess number 1. If and when gold takes off in price, this will be the first numismatic category to benefit from the rush to buy gold.

 

Travers is smart, and with this list he is predicting an up year in numismatics. Good news!

 

Major rarities are probably the best bet, in my opinion. Seems to me that a lot of people collect in series. I think I tend to collect in a mix between type examples and series, but I imagine that most collectors do so in series. So anyway you define rarity, that would be where I would guess the money will always be, at least in moderate growth potential - the key dates, the scarce varieties.

I think it's also the easiest place to lose your shirt if you don't know more than the guy across the table.

And while we're speculating, I think gold type is an AWFUL place to 'invest' in coins, and will continue to be for a while.

 

oh well.. looks like i'll loose my shirt. I'll be buying new mint stuff, and working on my nickels.

Although maybe.. possibly.. cross my fingers and hope to die.. I might skim enough money off my tax refund to put a downpayment on a nice 28-P Peace Dollar.

 

I think it is a bad list. Most of the listing is of gold coins and coins that many collectors would not bother to collect or could not collect seriously because of their (mostly) high prices. Also, #8 is silly and #3 seems like the only practical coins to afford and collect.

 

I'm assuming that the suggestions are basically his words and important stuff hasn't been left out.

1. Certified business strike generic gold coins, Liberty's and St. Gauden Double Eagles.

A meaningless pick. So SGS graded Liberty's in VF condition will be a winner next year? Maybe he meant NGC graded MS67 Saints? Generic gold will do well if gold bullion is up. There is very little demand for this stuff numismatically speaking.


2. Proof gold type coins.

Grade? Cameo? Ultra Cameo? Matte? Brilliant?


3. Registry set coins.

What a dork! That's not a pick, that's every coin ever minted.


4. Certified Carson City Morgan Dollars.

They've had a nice run. I wouldn't bet on them going higher, but you never know...


5. Draped Bust Silver dollars EF-45 thru AU-55.

They've already had a big run and recently were trading below sheet just to get them to move.


6. Lincoln Cents graded MS-65-RD by PCGS.

A little more specific would help. And considering the run up and pull back recently, it's not a wise bet.


7. Major Rarities.

Sure glad I picked up that extra 1804 $ last month.


8. Statehood Quarters and early Washington Quarters.

Highly doubtful. State quarters are pretty dead. Lots of "collectors" have moved on to the next fad.


9. Collection defining coins.

Huh? What kind of a pick is that.


10. thru 12. Liberty (Coronet) Double Eagles, Liberty Eagles, and Liberty 1/2 Eagles in circulated condition.

Doubtful. As meaningful as his #1 pick. This stuff trades on bullion more than anything else.

 

Why don't you quit holding back and tell us how you really feel Greg?

 

So buy Gold coins according to this list

STATE QUARTERS! Huh

 

I think that the Franklin half has been undervalued for a while and I also believe that the Franklin Dollars coming out in '06 will push their values up.

 

The Franklin half dollar is under valued IMO but I don't think anything will happen for awhile....not many people like it...the ones that do mostly buy high grade ones and leave the circulated ones alone..

Speedy

 

They sure get some pretty ones Franklins on Heritage (but expect to pay a lot)