Options
Does anyone think the coins we collect today will rise in value?
Morgan13
Posts: 981 ✭✭✭✭✭
Thinking about the thread about buying coins in the 70's.
Do you think they will go up in value a similar way?
Will a $500 Morgan be worth $1200 or more. Or do you think it will be simular value as today?
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
0
Comments
Collecting trends will dictate. I could see an exodus of collectors from the hobby as they age out and aren’t replaced by younger guys as coins are increasing antiquated in the economy. That will drive gains on the very specific niches that maintain some collector base (typically those with multiple degrees of interest). Physical bitcoins, coins with ties to historical periods or events, tangible traces of history (chop marks/shipwreck) could all be the next greatest fad. Silver and gold should continue to climb at least intrinsically. Old blue chips like Lincolns could very well fall out of favor. 20cen type is already not what it once was even if prices don’t reflect that yet, when was the last time you met someone seriously attempting a standing liberty quarter set?
So long story short it depends, some will go up and some will come down all spun though inflation.
11.5$ Southern Dollars, The little “Big Easy” set
I would like to think that coins with broad historical interest will appreciate over the long haul. Things that seem faddish or overblown today or that have more nostalgic or investor interest, more problematic, even in the near term.
I don’t think that a lot of the modern stuff will rise to much over melt because there are too many varieties of it. My perception is that collectors are tired of the dizzying number of quarter reverse designs already. Most modern commemorative coins are dead on arrival. It remains to be seen if the modern Morgan and Peace Dollars continue to have an annual audience.
Lower mintage, higher grade, classic stuff will continue to do well.
I think that Instagram and other online platforms have proven that the next generation is indeed, interested, and thriving.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
In one word or two?
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
No
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
or
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Hell no!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I guess it would be nice if our coins went up in value but I'm just a hobbyist not an investor.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
It would depend on the coin. Modern coins probably won't be worth much in our lifetimes however, the key dates, Carson Cities and old gold will continue to increase just like they have for decades.
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
Collect the "right" coins with superior eye appeal.
Those are always in demand.
Everything will rise in value - inflation. The question is: Will they rise enough to outpace inflation? For the most part, no. Coins have never been a good investment.
No & yes
Yes absolutely, for truly desirable coins. The hobby was "dying" in the 90s with no interest from the younger generation and nice coins going begging. My LCS replaced most of their coin displays with sports cards. Somehow the 1990s became "30 years ago" and I wish I could buy those coins for those prices. I'll be dead in 30 years and while the market will have another swing in that time I think the prices of quality coins will recover and strengthen before I kick the bucket.
I agree with Crypto.
When baby boomers (who were kids in the 1950's, 1960's and early 1970's who had the experience of being able to collect examples of most [if not all] copper, nickel and silver coinage minted in the 20th century from circulation) age out of the hobby/pass away, what will post baby boom collectors (Gen X and later generations) want to collect?
The more removed people are from seeing and using coins in day to day life, the less thought is given to coins.
I expect that the number of younger collectors who desire to collect the entire Lincoln Cent series (1909 to date) or the entire Jefferson nickel series (1938 to date), or the entire Roosevelt dime series (1946 to date), or the entire Washington Quarter series (1932 to date) or the entire Kennedy half dollar series (1964 to date) will be far less than the same collectors who fall into the baby boomer generation. These coin series will simply not have the same appeal to large numbers of younger collectors.
It would not surprise me to see younger collectors develop an interest in a broader spectrum of coins (US and World Coinage), with their ability to hunt for, find and acquire coins expanding from local (i.e. when I collected as a YN in the 1960's and 1970's my primary source of coins was local coin shops and trading with other YN's I went to school with) to global. Suppliers of coins will see their customer base also expand globally
With increased information about coins being instantly available on one's phone; and with the ability to seek and acquire coins globally current and future collectors have and will have far greater choices about what one can collect. Personal taste/choice/interest will continue to dictate collecting interests (and fads/trends will arise and fall that influence collectors).
One thing that will likely remain the same is the desire of collectors for "quality" (however that is defined, i.e. (coins graded PO1, coins graded AU58+, coins graded MS64+, coins graded MS/PF69 or 70, Proof coins awarded a DCAM/UCAM designation; rainbow multi colored monster toners, etc., etc.).
Coin collecting has been around for hundreds if not thousands of years. There is no doubt in my mind that people will continue to want to collect coins far into the future. The details about future collecting will be similar to what has happened before. Change will take place within the hobby, but the hobby will likely remain long after the daily use of coins has been replaced with e-commerce.
I'm a hobbyist also but it would only be intelligent to be realistic about long term values. If you really don't think your an investor with every coin you buy than you don't mind overpaying?
Of course not and neither do I
So for every dollar I invest in a coin for my collection it would be good to see a $500 coin become worth $600 instead of $450. Buying Morgan dollars is a risky move with money because for the most part they are common. It's just what I like.
I definetly agree that gold and silver will rise. I think silver is a bargain right now. Dirt cheap. That's not what I'm talking about here though.
Definelty good feedback!
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Very well articulated. I am actually an example of this.
I've noticed that many of the boomer-age collectors have a nostalgic attachment to those classic 20th century issues youve mentioned. Lincolns, Mercs, Buffs, Washington quarters, plucking them out of circulation and filling up old albums. I never had that experience, and I dont feel the same connection to those coins. Thats probably part of the reason i gravitate to type collecting, rather than the completion of sets. I like walkers because of the design, and obviously i like the gold issues from that time period, but other than that I find 19th and 18th century issues to be far more appealing.
As far as whether or not the growth of value will outpace or even keep up with inflation, we can only speculate. I try to buy personality pieces (coins with character), coins with existential rarity that is unlikely to change (not often found in hoards), and coins with fascinating historical significance. If i buy a widget, I always try to find one thats anything other than "ordinary" whether it has a superb strike or very unique color, always think about the next collector and why they would choose to pick your coin over another example.
Founder- Peak Rarities
Website
Instagram
Facebook
I'm just not smart enough to put the words coins and investment in the same sentence. In addition to that, I've never met a financial advisor that said: Add coins to your portfolio. But I understand your point @Morgan13
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
If by 70's you mean the price change between the early 70's and late 70's/early 80's, not adjusted for price changes.
If this price performance is ever replicated, it will price out most or too many collectors out of what they want to buy or can afford. Collectors will or may migrate "downward", but it's not anecdotally supported that they are willing to do so to this extent or that they will be willing to pay multiples for the same coins they bought only a few years previously for so much less.
This isn't a statement of "fact" or all collectors. It's an inference of general market behavior.
Who knows about any coins? Modern or Older. But, if I were to guess any series.
I would have to say the "Westpoint Quarters".
Very special series!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.My financial advisor said I should be buying coins as an investment into the future.
Some will rise, some will fall...
Maybe...but like
It's best to buy what you like, buy what you enjoy, that value is the true value.
Luckily it’s a hobby for me. I buys coins I like and plan to keep for many years. I won’t be around when many are sold. I will have enjoyed them immensely though.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I look at my coin collection a lot like a bathroom remodel. It certainly adds to my holdings, but only at a fraction of what I put into it, dollar-wise. The value has to come from enjoyment and ownership. Certainly there are better and worse ways to buy for investment purposes (or plan a remodel) but my expectation is that I will pay something to be the owner (hopefully not a lot, though).
I’m also someone who’s never used much change or collected from it. I used to be young but it seems like there are plenty of collectors younger than me that will at least keep keys and type coins going in value. Hopefully up at least a little.
I see audiences of mainstream coin series continue to scatter. Like the switch from broadcast to streaming, collectors that were funneled to series featuring George, Ben, Frank, and Abe as the main character have many alternatives now.
Foreign is more accessible than ever. New NCLT foreign series are started every month. The U.S. Mint has interesting precious metal series with changing designs releasing every year. There are more commemoratives that exist since 1982 than the classic 1892-1954 period. Exotic finishes aren't unusual anymore. More metals are being used in coinage.
Anyway, I'm repeating a lot that has been said. I'm never going to get rich through coins. I'm personally hoping to break-even if I'm ever in the position to sell.
Price will increase mostly due to Inflation as it will be the main driving factor.
Collector base is declining as proof of this is look at all the grey hair (or no hair) at any large coin event.
On the other hand, top quality coins will appreciate but 99% of us are not in that class of collector.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Quick search on Google resulted in these pictures of some US coin clubs........
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Some one once told me that Hobbies are for old people as the young have to much to do and not enough money. I agree with that. I did astronomy it was all old people, I was a photographer, it was also old people. Audiophiles, I know of no 20 year buying $5000 speakers and $3000 turntables, its the same with coins.
As to the question, I think the answer is yes. Heck I even got 2 2019 S-ERP just in case.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
I'm just wondering who's crazier, you or your advisor.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
You do raise a really good point. I would counter that while hobbies are for everybody, approaching hobbies in ways that are expensive is not often for the young. While I'm hardly "old," there did come a time in mid-life when I could start to feel like I had some wiggle room and could spend some on my passtimes. I'd been a collector since childhood, but things that had been out of reach began to seem less so.
I think it's the same in regard to many of the things I do for fun -- I've been a fly angler almost as long as I've been a coin collector, and whereas I somehow made it from age 11 to age 40 with just one fly rod and one box of flies, somehow the next decade involved the arrival of a lot more gear. I've been a hiker and a backpacker nearly as long; five summers ago my son and I hiked in a part of Colorado I'd last been in when I was 19. We had a nice steak dinner in town and spent the night in a comfortable hotel; on my previous visit to the same town I spent the night stealth camped in somebody's potato field and ate minute rice I cooked over a Svea stove. Getting older has not been all bad, LOL ...
To the OP's point, I view my collection as both a passtime and as decent a store of value as anything. I don't have so much tied up in it that it will change anything much if it craters, but I don't really expect it will. I don't necessarily expect them to rise in value, in the sense of beating inflation, but I think they'll probably retain most if not all of their value. I've done a lot of selling in the last 20 years, and in general the winners have been winners not so much because the market for that thing moved, but because I was able to buy it right in the first place.
With inflation? Even a zincoln will increase in value.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
The West Point Quarters......what? A perfect example of prices falling off a cliff since their inception.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Like anything, interest will ebb and flow. 100 years from now the coins we have today will be looked at as quaint. Will anyone want to collect them? I don't know. I look at memorabilia like what they have on Pawn Stars and I wonder if in a couple of decades who will care about Football items from the 1980s after everyone who remembers Football from that decade die off? Coins are a little difference because they are "Americana." My parents were obsessed with antiques for a while but it appears that market is dying off as no one wants to "crap up" their house with vintage wooden telephones and Roseville pottery. But coins are a little different.
I have been collecting coins for over 60 years .🤓
I’m also a financial advisor too😄
43 years and going strong .
I have found that owning high quality stocks for long duration makes a lot of sense and has paid off .
Great coins can be the same .
Own them.
Think of Eric Newman or Clyde Hubbard .
The world is your oyster .
If I were a young person getting started I would look to buy/ own classic crowns ( silver dollar size coins of the world) that have great eye appeal and low pop.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Then you've got the best of both world. If you can combine a hobby with a career and make money/a living a it, what's not to like.
If someone is a professional coin dealer or a professional financial advisor and losing money, they're probably not good at it.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Almost every person I meet, thinks that I am crazy.
I absolutely love life and those I meet know this.
My financial adviser is not crazy, but he listens to me and agrees with me on buying more coins instead of stocks which he makes a commission on.
If your financial adviser is listening to you, you should probably be the financial adviser. You don't need him! 🤣
Like I stated in the post above yours. If you guys are making it work, you're both happy and making money, that's GREAT. If you both consider yourselves professionals and doing what you love, you'll never really work a day in your life.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
There is financial investment.
There is peace of mind investment.
I prefer the latter over the former and coin collecting fulfills that preference.
peacockcoins
Is his coin advice specific to a certain type of coins? Errors or non error coinage? Is he a coin investor as well?
My guess is that through conversations and knowing each other, his FA has encouraged him to lean into what he’s an expert in and grow his own business.
I would imagine that there aren’t other clients he’s encouraging to buy coins. Doesn’t sound as cool that way, though.
If the coins are tied to bullion, YES.
I believe that even quasi-numismatic Saints (i.e., MS-65/66 commons) will move up 50-75% on a $3,000 gold price that I believe is feasible by 2030. I think that $5,000 gold is possible by 2035.
Ergo, I think since the floor for all Saints is the bullion price of a 1-ounce common in low-grade, I think other more rare and scare Saints will rise.
My opinion is that the US Dollar will continue to gradually lose purchasing power over time.
So it is likely that rare coins will cost more Dollars in the future.
Would that scenario constitute a "rise in value", or just a "rise in price" ?
It depends on whether the increase in PRICE is greater than the general rate of inflation.
Rare coins and bullion generally seem to at least maintain purchasing power over longer spans of time (they keep up with inflation). Occasionally they increase more or less than the rate of inflation.
For those of us fortunate enough to now have financial security and have invested and done well in the stock market(which absolutely drives me insane when it goes down), now converting to key date coins which brings me serenity. I truly believe those high quality, rare keys will always increase over time.
Other than the 60 years part, ditto to everything. Although my 43 years and going strong refers to my life rather than my career, only 16 years as an FA here.
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
Stocks are great. Just remember to invest in big names like Enron.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Lol. Broad- based index funds.
Or Theranos....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Yes, similar principle written by the authors of "The Millionaire Next Door", back in 1996 when $1MM was actually "big" money.
Or Amazon...or Microsoft...or Apple...
The premiums (not prices) on most of the date/MM you consider scarce will probably shrink with $5K gold because the coins actually aren't that scarce. You didn't identify which ones meet your definition of rare, but I can infer that most are what I would describe as scarce, whether in a specific TPG label or generically.
These aren't primarily correlated to the gold price, but financial conditions. I don't believe (hardly) anyone is paying meaningfully higher prices for the UHR, 1927-D or even a 21-S because the spot price rises 50% or 100%. These coins aren't (quasi) metal substitutes. There is or appears to be somewhat of a psychological connection, but the performance of inflated asset markets is a lot more important.