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<p>[QUOTE="GuyFrost, post: 1206456, member: 31195"]Hello everybody.</p><p><br /></p><p>I'm trying to decide what to collect next. I have a (missing one key) complete Lincoln cent set, complete Jefferson nickel set, complete SBA dollar set, and complete dimes and quarters from 1965 on (the clad ones). I am posting here to solicit advice on what to collect next. Here are my concerns:</p><p><br /></p><p>1.) I am currently in the US Navy, and have a budget of around $100-150 a month. I can spring for occasional key dates, but $1000 coins will take many months to save for (I'd never buy a coin on credit lol).</p><p><br /></p><p>2.) I'd like a collection that will likely appreciate in value. I may have to sell my collection eventually, but I've got a guaranteed paycheck for several more years, so that may be a ways off. Thus, while I'm not viewing collecting coins as an investment per se, 10 years from now I want my collection to at least keep pace with inflation, and preferably make a modest return. I understand usually only key dates appreciate measurably, typically in the 4-8% range averaged annually. Bullion/melt value coins move with the price of precious metals.</p><p><br /></p><p>I think Mercury Dimes, Standing Liberty Quarters, Walking Halves, and Silver Eagles are especially beautiful. I'm also considering finishing out my pre-65 silver dimes (with proofs) or quarters. The black proof state quarters have also caught my eye. I think Buffalo nickels are ugly. Otherwise, I'm really open to anything.</p><p><br /></p><p>So, in total, what can I collect that will fit my budget of about $1000-1800 per year, that won't just be a sunk cost and will likely be worth more in the future?</p><p><br /></p><p>*I also have another question on coins as an investment. Is collecting and holding key dates of various sets for the long-term (10 years+) viable? I am maxing out my Roth IRA and contributing to my TSP (401k for military), but want to diversify as well. Coins seem like a way to diversify my portfolio, and numismatic coins, like rare artworks, appreciate for different reasons than precious metals or stocks. Thus, they seem like a decent way to reduce risk. My grandfather gave me a 1998 redbook, and just seeing the incredible growth of coins in the last decade has piqued my interest. If this isn't really a good idea, please let me know, and I will continue to stick with bullion to diversify into non-paper wealth. For that matter, any investment advice to a young person would be really helpful (I know this isn't the forum for that, but a lot of people here seem older, experienced, and wiser than I).</p><p><br /></p><p>Thank you everyone![/QUOTE]</p><p><br /></p>
[QUOTE="GuyFrost, post: 1206456, member: 31195"]Hello everybody. I'm trying to decide what to collect next. I have a (missing one key) complete Lincoln cent set, complete Jefferson nickel set, complete SBA dollar set, and complete dimes and quarters from 1965 on (the clad ones). I am posting here to solicit advice on what to collect next. Here are my concerns: 1.) I am currently in the US Navy, and have a budget of around $100-150 a month. I can spring for occasional key dates, but $1000 coins will take many months to save for (I'd never buy a coin on credit lol). 2.) I'd like a collection that will likely appreciate in value. I may have to sell my collection eventually, but I've got a guaranteed paycheck for several more years, so that may be a ways off. Thus, while I'm not viewing collecting coins as an investment per se, 10 years from now I want my collection to at least keep pace with inflation, and preferably make a modest return. I understand usually only key dates appreciate measurably, typically in the 4-8% range averaged annually. Bullion/melt value coins move with the price of precious metals. I think Mercury Dimes, Standing Liberty Quarters, Walking Halves, and Silver Eagles are especially beautiful. I'm also considering finishing out my pre-65 silver dimes (with proofs) or quarters. The black proof state quarters have also caught my eye. I think Buffalo nickels are ugly. Otherwise, I'm really open to anything. So, in total, what can I collect that will fit my budget of about $1000-1800 per year, that won't just be a sunk cost and will likely be worth more in the future? *I also have another question on coins as an investment. Is collecting and holding key dates of various sets for the long-term (10 years+) viable? I am maxing out my Roth IRA and contributing to my TSP (401k for military), but want to diversify as well. Coins seem like a way to diversify my portfolio, and numismatic coins, like rare artworks, appreciate for different reasons than precious metals or stocks. Thus, they seem like a decent way to reduce risk. My grandfather gave me a 1998 redbook, and just seeing the incredible growth of coins in the last decade has piqued my interest. If this isn't really a good idea, please let me know, and I will continue to stick with bullion to diversify into non-paper wealth. For that matter, any investment advice to a young person would be really helpful (I know this isn't the forum for that, but a lot of people here seem older, experienced, and wiser than I). Thank you everyone![/QUOTE]
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