What to do with $100.00

thanks for the advise, this week i get paid so ill look into those books. also, they were selling rolls of weaties for 16.00$ they werent original rolls bit rewrapped but they dont specify unsearched. the store is pretty big and they have been there since 1982 and they did have allot of traffic, just as a side not the only 2 deals in my area are the one i bought from and another smaller one but there selection is very small with little variety. but to the point, is that a good price an should i go for it next

 

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No, that's $.32 a wheatie. And they are most likely searched. You will get a bunch of 1959's and most will be from 1946 to 1959. Most coins from those years are worth $.15 a piece, and that is if they are in AU condition.

This is the bullion investing part of cointalk, but I will suggest if you are interested in cents, either ask if they have a large cent or a flying eagle cent. You should be able to find an 1850's Large cent in VF-20 condition for about $30. I bought a 1856 large cent 9 years ago in EF condition and paid just $9. Flying eagle cents were only issued for 2 years, 1857 and 1858. You should be able to find one in VF-20 condition for about $45 dollars, I bought one 6 years ago, and paid $25. These are the type of rare coin investments I'm speaking of. Forget about a roll of wheaties that has been picked over. If you can't figure out what VF-20 condition looks like, that's the reason to buy the Red book and ask around here.

Plus, the coins I mentioned are over 150 years old.

 

NO !!

sixteen dollars for one roll of wheat cents is a rip off , UNLESS they are going to let you search the roll for key dates BEFORE you decide to buy it , which is highly unlikely.

I feel bad that you are in an area that does not provide abundant resources for your numismatic adventures.

Please don't let yourself be taken advantage of.

By the way the RedBook & BlueBook really can be useful tools if you decide that you would like coins from the USA to be part of your collection. I discovered for my own interests and tight budget , that I will focus on non-US coins , from a handful of countries , from a specific time period. I have learned so much about the European influence on Central & South America during the 18th & 19th century because of my interest in their coinage of those eras.

I highly recommend that you buy or subscribe to some Krause publications. This way you may stumble across a country , series or era that really catches you eye and that will keep you motivated to enjoy this hobby for the long haul. ( and this is from a newbie )

http://www.krausebooks.com/category/coins_papermoney

Lastly do not feel too bad about the shortage of coin outlets in your area , because even though they are plentiful where I live , the weather her in the Pacific North West USA is murder on raw coins. It is hard to find old raw coins that are not rotting away at yard & estate sales.

 

Hey Joey,

I was looking for coin resources in your area and if I have the correct city , there seem to be a concentration of shops in Visalia.
I also noticed that they could be radioactive with that good old Hanford place in the neighborhood

You could save up your dough and head up to the:

April 23-24, San Francisco. Old San Francisco Mint Coin Show.

Peace

 

i really only know of 2 in visalia and one of em more an antique shop the other was the one with not much selection other than ASE's , hanford though? hmm not really in my driving circle but its less of a distance than fresno. i may have to do a google search.

 

I personaly resist the urge to blow 100 bucks as soon as I get it. I delay gratification and build it up to about 1000.00 or more and spend the time researching, watching auctions, talking to dealers and building desire towards a bigger goal. I catch a show and look at coins in hand and when I settle on a purchase it is soooo much sweeter. It doesn't happen every day, but I would rather own a few killer certified coins or bullion than a box of junk nobody will buy if I want to sell. Thats how I do it.

 

Hopefully there won't be any 59's in any wheatie rolls.

(sorry, couldn't help myself!:whistle

 

Good catch. I meant 1958's.

 

The Redbook isn't the only book, and I'm not suggesting that anyone use it the way you indicated. Everyone can choose to learn in their own way. Buying without reading the books is probably the most expensive way.

 

Some generic silver rounds might be a good choice??

 

I agree. Investing in numismatic coins takes research, but it is easy to buy simple bullion if you stick to reputable dealers.

 

I pickup regular nickels when I can. Not silver, but I seem to think circulated nickels may have an increasing melt value in the future. I pay face for them of course. I think of them as my old "green" money, which I do not store up anymore (just enough green stuff for the wallet these days), everything goes to metal.

 

You should buy what you want and what makes you happy. Many people start with buying coins that catch their eye and then hit the books when they want to focus their collection. TC