Which new coin this year (2009) do you think is the best investment?

Books ,Gold or Silver

Enough books to let you understand what to buy. Most are dated when printed and do not take into consideration our current situation.
Good gold or silver will do well for you. Gold for the last ten years has beat the general stock market ( Dow ) . Silver is not in great supply ,and neither gold or other metals. Silver could be very good if gold continues up. Both are selling at a strong premium to the comex or what ever indicator you follow. A dollar will not buy a dollars worth or gold. In many cases it is 30+ % .
Silver is right there too.
The burnished AGE 2008 , are still fore sale in singles. These were made for three years only.
The Prosperity set has a buffalo 1/2 and an UNC 1/2 which should be good for the future if they are delivered.
Do not wait to long, borrow from yourself for a time if the mint is not consistant with delivery.

 

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The problem with investing in coins, bullion, ect. is that you are supposed to buy low and sell high. silver has been lower than $5 dollars per ounce in the last 9 years and as high as $20 last year. gold has been as low as $300 and is hovering around $900-$1000 now. Is this the high or are we due to go higher?

SOOOO what to do, should you buy now when each of them are near there all time high or just save the money and wait for the price to downturn? What happens when the value of silver and gold drop, do the value of the modern bullion coins go along with it?

I have been fighting this for a long long time. Any collectable coin version can be bought from the mint and turn around and be resold in the short run. But unless you are lucky and is is an error or low mintage the retuen might not be worth it.


I will buy the lincoln because I want one, high silver price or not. But I will not buy the double eagle because I feel gold (and silver value) is overpriced and will eventually come down.

 

Sell ?

A diverse portfolio can have precious metals as a hedge. Buy directly in ratio to what you feel you are going to spread funds over.
I never sell but watch what will possibly grow, on the capital appreciation side. I buy less often but now trust myself the last few years to look for current products that will give a good overall return.
If gold and silver begin to look like the stock market in 2006 I will do what I did then, I sold thirty years of investments and put it into cash. I kept a little of some Pharma stocks and energy but the rest were sold. In 2008 with gold as a hedge, property,cash and a few stocks I was down about 6%.
I love the art of coin design but not all will make money.
The books can help identify ways of determining what might work. Forums answer questions. Read between the lines on how a coin or set will be by law formulated and for how long it will be made. look for any sign that will enhance your capital appreciation on your collection. If you hit it right 50% of the time, you will probably do well with all assets put together. I believe a good collection is another asset allocation in your net worth.

 

Case in point: In 2006, i took out a home equity loan for $20,000.

I got 4 buddies to purchase 1 gold eagle anniversary set and 10 silver anniversay sets. The out of pocket cost was roughly $18,000.

Once the sets sold out, you might remember the prices went astronomically high. I sold the gold sets for about $4,500 each for $22,500. I sold all 50 silver sets for an average of $600 per set: $30,000.

So my investment of $18,000 resulted in a profit of roughly $34,500.

 

Let me clarify by saying that I agree that coins are not an investment.
Coin collecting is a hobby. Collect what you enjoy, if your coins appreciate, that's a bonus.

Every now and then the planets align and popular coin or set is produced and collectors go crazy. During these rare instances, it is possible to make good money. The problem is, you never know when lightning will strike again.

I think the Lincoln dollar has potential but I'm not going to mortgage the house, this time.....lol.

 

I bought me 1000 rolls of them Obammy dollars in Ballistic Tubes, dummy I ain't.

 

ugh.....

 

David Bowers says otherwise. Read the first few chapters of The Expert's Guide to Collecting & Investing In Rare Coins.

It's just like any other investment. There's a gamble for success or failure. I just don't agree with blanket statements like that. There's plenty of evidence. As I've said in the past, there's a lot of people who could have easily made a fortune investing in coins that have lost it in the stock market. It all depends on where your money was and for how long.

Lets face it. One example. People were buying shares of GM stock at 82.00 as recently as Jan. 2000. Now they're worth 2.84. The same people could have played stupid and dumped all of their money into basic ASE's at around 6 bucks a piece and at least be sitting there with double the value today.

A guy I work with lost 50% in the stock market on one batch of investments since the 70s on advice from his brokers. He could have bought just about any coins and at least beat inflation, up to doubling or tripling his money or more, since then. But, I'm sure people would have told him he was foolish for buying coins then too.

 

This is one danger that I see right now. The stock market has gotten SO bad that you can get several shares in many large companies for the price of the average McDonald's value meal now.

What happens next will probably be one of two extremes. Either things turn around and we return to some sense of normalcy. At which point, there's easy opportunities to make fortunes in the markets right now. Which is as big a gamble as anything right now.

Or, things don't turn around. In which case we could be in for very tough times for a long time. It's hard to predict. I don't see what can possibly change in our economy to bring back the good old days. We were headed in this direction for the last 20 years or more. We just keep losing a half million jobs a month. What used to generate GDP for us is gone and won't be magically reappearing to replace all these millions of jobs. At best, people will be under-employed again.

The stimulus could artificially inflate the economy I suppose. The market may start going back up. As they say, people may dump their bullion assets in mass to catch the upswing and gold and silver could nose dive. For only a short time, I believe. Until reality hits again.

 

LOL! Sweet! hya: That took some balls. Probably can't recommend doing that too often though. But that's what I"m talking about. Even if you would have waited until now, you'd still be making a profit on them.

With the gold set, you left a couple grand (per set) sitting on the table!

 

u.s. mint bullion coins either in platinum, gold or silver. and you should buy it from the dealers for bullion coins without (w) mint mark.

 

Some of the Lincoln stuff could be interesting since many casual collectors will not order from then mint and will purchase them on the secondary market.

Sometimes later this year, if I am not mistaken, the mint will release a 5 PC Lincoln set with an advertised limited mintage of 50,000. Think this could created a mini stampede much like the Silver Anniversary set but with a much lower mintage, this set could sell out quickly, depending on the details

Some of the gold coins are nice but do not like the premium the mint is charging. The UHR is approaching $400 over spot . Can not blame any organization for making what they can but just a bit to rich for my blood.

Personally I put most of my extra money into a tax deferred annuity which I can not touch for 6 years unless I become unemployed or meet certain criteria.

Collect what you like and can afford. You should be able to get a large portion of your money back. Not all hobbies you can say that about.

 

lincoln cent is a good collectible item. because it is cheap and low face value. but then the mint is going charge several dollars each for that. then it is very expensive.