Thinking about collecting coins...

JJEH

JJEH

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I know we have several posts here about coins and I'm not asking for y'all to repeat everything you have ever commented on that topic.

My stock portfolio is down, and I mean down, so I thought about getting into coins (I have zero experience) and perhaps their values might increase in the coming up years. If not for us, then maybe for our kids.

I'd be interested in old American currency but as mentioned above, I have zero experience.

Is there a must have book on coins, especially about grading?! I have seen values jump up by several thousands of dollars just because something went from MS-67 to MS-70 :eek:

Any help/advice is appreciated :)
 
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With the economy and inflation, maybe consider Au Ag bullion. 1/10 gold eagles today @ $211.00. each. Something to use against hyper-inflation or the pending global food insecurities.
 
Bald1 said:
99% silver coins might be the way to go. Condition is not as important. Silver should be going up in next 18-24 months
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IronSkillet said:
With the economy and inflation, maybe consider Au Ag bullion. 1/10 gold eagles today @ $211.00. each. Something to use against hyper-inflation or the pending global food insecurities.
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Gold over silver? :confused: :confused: :confused:

Both be better, I know but I have to find the right entry point.

What's a good source to buy from?

Is that "Universal Coin" reputable? They are the main advertisers in the NRA magazines.
 
I have watched retail value of some of the more rare, higher graded, Morgan dollars go up significantly in the last two or three years. I have watched the Proof silver eagles rise as well but not like Morgans.
The more common Morgans haven’t gone up as much. But just about any Morgan silver dollars in MS 67 or higher, command high premiums. My concern, as far as investment, is that they do not readily yield a significant profit when you go to sell. Where as gold and silver bullion, etc., is more quickly and easily sold for a predictable return. However, the trick is knowing when to sell.
Depending on if you are more interested in collecting or investing for profit, it may behoove you to consult an investment broker.
I hope this helped.
 
Understand, I know Very little about serious investing, to the point of being stupid about it subject, But as I understand one basic rules of investing is Never invest in something you don’t understand. There to many hucksters out there who are willing to help you spend your hard earned money.. Best of luck whatever you decide to do.
 
the hard core numismatists are fading... kids today use apps to pay for everything... coin values will probably stagnate as the generations pass... silver & gold hold intrinsic value.. look into silver coins as an entry point without a high cost to start... but historically, trying to beat the market is a pointless endeavor long term... take the dip as an opportunity to get some stocks on sale..
 
I invested in coins back when the Hunt Bros were trying to corner the market. With silver coins Igot as much as 26 to one. That ended but I had sold almost all my silver coins. Kept 1/2 dollars and Morgan and Peace dollars. Still have them. Silver is undervalued in my opinion...historically silver to gold was on a 35 to 1 basis. Gold is approx what 1800 dollars now? Dividing 35 into 1800 silver should be in the 50 dollar range give or take. People will ALWAYS accept silver or gold coins on trade... Ammo too!
 
Surprisingly real copper pennies have gone up in value lately S mintmark wheat pennies are up over a dime each for common dates. Still easy to find copper pennies. I recently saw 5 dollars of copper pennies sell at auction for 50 bucks in rolls with unknown dates..plus 10%
 
Well, I thought y'all are ruthless enablers?! Now I sit here not knowing what to do with that much sound advice :confused:


robvious said:
the hard core numismatists are fading... kids today use apps to pay for everything... coin values will probably stagnate as the generations pass... silver & gold hold intrinsic value.. look into silver coins as an entry point without a high cost to start... but historically, trying to beat the market is a pointless endeavor long term... take the dip as an opportunity to get some stocks on sale..
Click to expand...

I think that might be the way to go for me.

About "trying to beat the market".... if you bought gold and silver 10yrs ago, I'm sure they appreciated over this period of time, no?!

Well, even if not. If it's safe from inflation that's a win too.

rustythread said:
Pick a good corner and have a legible "Will work for food" sign.
Click to expand...

I tried but I'm too ugly :o
 
I like Silver and some gold.
I buy one Ounce Generic Rounds and smaller Bars.
The Silver Grinch is the premium. That’s the markup over spot.
I love me some pre-64 90% Silver but the Premium is out of sight!
There are a number of reliable online dealers.
I prefer to buy local.
My local guy prices’ are about the same as online.
Downside is he don’t have the inventory and choices the Big Guys do.
In fact, he has trouble having inventory, it sells it as fast as he gets it.
 
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