If you wanted to get a substantial return for your $

Bigdogg

If you wanted to get a substantial return for your $


what coin or coins would you buy? Would you go the Gold route or quality high end coin or maybe ultra rare Colonel coins? What would be your poison?

fcloud

If I could afford it, I would go with all American pre 1800 "HIGH GRADE" coins--everything and anything.

newbiecollector

Bigdogg....
I am fairly new to actual coin collecting but from the advice I have seen on this forum, from very experienced people is to NOT treat coins as an investment. Long term profit/loss engagements should be another area and not not coins.

As I said I am a newbie but I have heard this often repeated advice and I have heard it well!

itsnotjustme

I made 3 substantial purchases trying to turn a quick profit. Two of the three paid off big. The other was a Loser. All were purchased from the US Mint!

Fortunately, the two winners combined made 10x as much as the one Loser lost. The loser was 2000 silver proof sets.

stujoe

I have no real idea from experience but a guess would be key dates (not necessarily condition rarities), in popular series (Lincoln, Mercury, Morgan, etc), in high grade (but not so high that you pay a huge premium over the next lower grade) would be a good start.

4thStooge

You're missing the obvious. Consign your pocket chage to Kincoin and let him hawk it on Ebay for a king's ransom.

coindaughter

<< <i>I made 3 substantial purchases trying to turn a quick profit. Two of the three paid off big. The other was a Loser. All were purchased from the US Mint! >>



What were the winners, justme?

Jamericon

Very simple is the answer: Coins that will be desirable in decades to come. Eye appeal is the key here, not grade. Keydates and better dates from popular series, Bust coinage in just about any grade (obviously higher grades equal better return), and some other coins that have special appeal aside from series popularity and mintage, i.e. commemoratives. The coins need to be properly graded, whether raw or slabbed and have to look nice. Nobody is going to want crap coins even if they have other things going for them. One caveat to be careful of is modern coins. Some of the prices being paid for these coins is too much and reminicent of the late 80's boom. Remember that these coins exist in quantity, especially rolls.

itsnotjustme

Winners were Buffalo Dollars and Unc $5G Capitol Visitor Center Commemoratives.

Blade

I'm going to say that Stujoe is right on the money. There always seems to be people chasing key dates, especially in real collector grades like MS62-63. I wouldn't spring for a multiple price jump to get the MS65. Stay in the sweet spot of the market.

lathmach

If I could predict which coins would rise dramatically in value, I wouldn't be working for a living while nearing 60 years old.
No one can tell the future. You make the best decisions you can and live with them.
Historically high grade classic coins and rare coins have done well. I would stick with those if I were gambling. (Buying coins hoping to make a lot of money is not INVESTING)

Ray

roadrunner

You can expand this to say that buying stocks, real estate, gold, commodities, as well as coins with the intent of making money is not "investing." When people were buying dot.com stocks and Enron they were not investing. Frankly, the way that all markets have been manipulated the past 20 years it is hard to find anything that is a true safe investment. Maybe US Savings bonds.

In any case what to buy in the coin realm is dependent on what happens to the other financial markets. And no one knows that. Make your best choices and then hold tight. Lots of good info on this forum. Michael says it over and over again. Buy great coins at the best price you can.
Don't buy what everyone else is buying. That's a recipe for mediocrity. And believe me, very few people actually buy great coins whether they be great XF's or great MS 67's.

roadrunner

CLASSICS

for sale...one superb gem bu roll 1964 peace dollars. as a bonus i will include a 1933 double eagle, with free shipping.