What to Buy?

I find myself in an interesting position. I need to spend $2K. I'm thinking I might buy a 2013 AGB RP or an AGB proof PCGS pr 70. Or maybe an $50 AGE PCGS pr 70.

I like to buy graded coins because I'm out of storage space.

I'm going to post this in the paper money section too.

Any other suggestions?

Thanks,

Mike

 

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... you have to spend 2k lol, if I were you I would go roll searching its free!

 

well if you have to spend it send me some jk

i like proofs and they usualy keep a premium

 

I agree, I'm liking the $50 AGB proof PCGS first strike 70. Right now the issue is only little more than 13K. I don't know when the Mint stops selling them.

 

I haven't searched rolls or stacks in a few years. Too little return for the time invested.

 

Lately I have been interested in seated liberty coinage from the civil war years. you should be able to get a pretty complete trime set in great shape for those years for 2 grand though the design is not the seated liberty, they are still nice pieces of history, and the mintages are pretty small for 1863-5

 

This one looks good to me (low mintages)

2013 1 oz Gold & Silver High Relief Proof Snake Set PCGS PR-70 (on sale)

 

Many veteran collectors will tell you that the "First Strike" and/or "Early Releases" designations are nothing more than an advertising gimmick that bears no relation to the numismatic value of the coin. Personally, I wouldn't spend the extra money for this designation.

By the way, if you can't tell the difference between a 69 and a 70, then buy the 69. You'll save a bunch of money.

Chris

 

If you've got that much 'jingo' burning a hole in your pocket then I suggest you consider adding a nice Au Liberty head double eagle to your collection. Classic design, fancy eagle reverse, and overall world class eye appeal.

 

Buy the book, first

 

Isn't it past your bed time?

 

Is that Betty Davis in the avatar? She's a babe........

 

I agree completely, OTOH my graded gold coins that are pr 70 or ms70 er or fs are worth more than the graded 69 coins. Some years ago, I bought a 2009 $50 AGE NGC ms70 and AGE $25, $10 & $5 graded 69. Now it bothers me that I didn't buy all 70s. Another example are my 2011 ASE five coin sets that are 70s which are significantly worth more than the one graded 69. I don't like paying the premium for 70 coins but as an investment it seems to pay off. I don't think I can tell the difference between 69 & 70.

Mike

 

That's my second cousin, Mary P. The picture was taken when she was 21y/o. She died last November @ 92y/o.
She had an amazing life especially considering the times she lived
in. She worked for the OSS in Germany during WWII. It sounds
amazing but it's true. Before Germany (I think it was before Germany) she's unemployed, approaches a local banker and convinces him to give her a mortgage on a house. She was in her eighties when my mother died so she WALKS several miles to the funeral home to attend the funeral. When she was in her late eighties I looked after her some and spent hours listening to her stories. I could go on and on telling Mary stories.

I'll check out the Liberty Double EAgle.

Mike

 

I am really gonna get 'cha.

 

Mike, we cannot tell you how to spend your money.we don't know what makes you happy. Do you like coins or bullion? Are you just about return? There are a million variables, not knowing any of them basically would make me feel dumb recommending something to you.

As an aside, I have 3k in my wallet as we speak. I am going to try to get a couple of double eagles sunday, uncertified but pleasant au. That is just me, though, and what makes me happy. I would say, though, if you are going to drop some serious cash on coins education should be a priority. Blindly accepting a tpg grade is a great way to lose your rear. When you go to sell, you should not assume the buyer will also blindly accept the grade on the plastic.

 

medoraman, I did not ask the thread to tell me what to buy. I asked for suggestions. The reason I posted the original message was because I haven't bought any really costly coins in a couple of years,. I have bought the occasional hobo nickel or art medal. I've been collecting foreign currency and unusual stock certificates. I hear what you're writing re: graded coins and I'm familiar with the pro/con arguments. Every time I get a new graded coin it goes under the magnifying glass, then microscope, An example of grading increasing the value of coins is the 2011 ASE five coin set. graded perfect sets command quite a premium, though not as much as they once did.
In the spirit of openness I'll tell you that not only have I embraced graded coins I've bought some coins that I knew had been cleaned.
I'll take a deeper step into the brimstone and tell you that I saw some beautifully toned proof sets that I may have to own.

If time permits I'm going to take green18'a suggestion and look into a Liberty Head double eagle. If not then I'll buy a 1oz AGB and 1/4oz AGB.

Good luck with your double eagle purchases

Mike

 

No offense meant Mike. The jist of my post was I could suggest 500 coins I own, but if you have different tastes than I, (fairly likely as I have esoteric tastes), then any suggestion I may make is silly. Without knowing a little about you and your collection I have no idea if a Byzantine gold, early mexican silver, or a colonial currency would be wanted, right?

Btw, just for clarity, I know we are in the bullion section, so I was going to recommend a bullion coin for you. Then I read how you were going to post in paper money as well. That is when I got confused about how I could intelligently recommend anything without knowing more. Know what I mean? If only a bullion coin for $2k, i like double eagles but would do a saint instead. If modern, I think I might recommend a gold panda. Its a much more collectible form of bullion imho. I bought a roll of silver ones this year to give away celebrating the birth of my second son.

 

medorman, no offense taken. I understand my message was odd.
The coin I purchase is for investment not so much numismatic value. As previously mentioned my interests have moved to currency and stock certificates. I'm trying to buy a gold coin while the price is low. It appears we're going to drop some bombs and missiles on Syria (by proxy Iran, Russia) which should give gold a nice boost. I want to buy before the bombs start flying.

I may not be keeping the coin for a long time.

Congratulation on the birth of your second son.

Mike