what should i invest in?

Hobbit · February 25, 2003 4:20AM

platinum,gold ,silver ?what kind? looking for some help new to the field and don't want to make to many mistakes along the way. I know i'll make some along the way but looking for some experineced collectors tips.

ClausUrch · February 25, 2003 4:21AM

Anything but Frankies and Proof JFK's!

And German Pattern Proofs!

eagle7 · February 25, 2003 4:29AM

If your immediate need are taken care of, why worry? Buy some nice coins that you like to look at and lighten up. Who knows if we will even be on this earth a few years down the road?

dorkkarl · February 25, 2003 4:29AM

invest in experience! experience becomes knowledge.

that's 2 for the price of 1

K S

bulloncoins · February 25, 2003 4:29AM

I just started collecting, and will be the first to say I am not expert. I do know that many many people consider platinum coins way overvalued at this time. Gold has a better potental to rise faster in value during any type of crisis such as this thing with Iraq and the faultering (you be the judge here) economy. I think silver is somewhat under priced, and so do a few experts like Warren Buffett. SO, in my very humble opinion I would go with silver.

Hobbit · February 25, 2003 4:30AM

how true that is eagle 7

i was thinking about the silver because you can get alot for a little

Cameo CC · February 25, 2003 4:32AM

PM Sent.

Todd

MadMonk · February 25, 2003 4:32AM

I like to have about 25% of my savings in truly RARE coins, and bullion type coins.

onlyroosies · February 25, 2003 4:36AM

High grade Roosevelt's, Gaining popularity and under valued.

eagle7 · February 25, 2003 4:36AM

Yes, I do like bulk silver in the form of rolls of twenty or more ASE's for a rainy day stash!

lablover · February 25, 2003 4:48AM

Invest most of your time with family. Everything else is vanity. Remember, no one on their death bed say's "I wish I had worked longer hours and bought more coins".
LabLover

paigowjohnny · February 25, 2003 4:53AM

Intel stock

RYK · February 25, 2003 5:03AM

Stocks, bonds, real estate, limited parnerships...not rare coins!

smprfi · February 25, 2003 5:14AM

I can't offer investment advice but if you are just starting out as a collector and want to feel safe.Buy directly from the United States Mint..You get some nice coins like this with safety and it gives you time to look around for books and read up on other coins you think that might interest you.

Welcome to the forums and good luck.

keets · February 25, 2003 5:35AM

Shame, Shame, Shame!!!! and carol didn't even censor your use of that nasty word INVEST.

you are hereby sentenced to make the same mistakes that the rest of us make when we attempt to INVEST in the booming coin market!!!!!!! that is, lose money.

do yourself a favor, learn to crawl before you walk, don't put the horse before the cart...........just try to learn the ropes first and collect some coins you like. take it slow and take it easy. no need to hurry to the shearers where you are most certain to get fleeced!!!!

al h.

kieferscoins · February 25, 2003 5:37AM

PCGS slabs. With gold coins in them.

Seriously, I would say gold, but would suggest you read the forums here for a month and pick up a few books to read on the subject before going out and buying.

Cameron Kiefer

SethChandler · February 25, 2003 5:40AM

Go to the NGC forum, at the top of the page, there is a list of some of the greatest coin books ever written. Invest $300, 6 months, then start buying coins.

For now, thats where you invest! IMHO

Conder101 · February 25, 2003 10:35AM

The Stock market. Even with it's crashes and doldrums, over the LONG term it has been hard to beat. But research the companies yourself. Don't just buy what your broker wants to sell you, or just what is currently "Hot".

I'd avoid coins, they are usually lousy "investments".

BillJones · February 25, 2003 10:38AM

Don't invest in coins. It's a hobby.

Go for stocks and bonds. If you want to speculate, go for precious metals and commodities.

CLASSICS · February 25, 2003 10:48AM

<< <i>platinum,gold ,silver ?what kind? looking for some help new to the field and don't want to make to many mistakes along the way. I know i'll make some along the way but looking for some experineced collectors tips.

>>

..............dont invest in any of it, buy it because you like it. if you invest chances are you will lose money, unless you buy something rare, or very scarce ,and will hold on to it for a very long time.......fads come ,and go in the coin market, and unless you are lucky, or get lucky calling the top of a cycle, you will be stareing at your items for a very long time......buy it because you will enjoy it......... you want to invest? go to wall street.....how do i know these things........collecting since the 1950,s.......

Cam40 · February 25, 2003 11:15AM

Invest heavily in coins and in 20 years or so if you picked right all the way through you could be quite wealthy.
For example,If I,d know back in about 1984-85 to hord all the BU 5c,10c,25c 1982 and 1983 coins I could get my hands on.
These are pretty high now in BU rolls and will only go higher I can imagine.Check the going rate on 1983 D or P Washingtons.
Maybe 1994P and 1997P special uncirc Jeffs would be a good investment?Super low mintage.Growing collector base,series on verge of ending.
Who knows.My crystal ball might need new batteries.

RxMan · February 25, 2003 11:16AM

If you're self-employed check out a 412(i) Defined Benefit Plan. Roll it out after 5 years to an IRA then buy puts and calls.

roadrunner · February 25, 2003 12:28PM

Forget the stocks for at least the next year or so. Now is not the time. Much more bloodletting to follow. But......Gold coins offer the best liquidity and bang for the buck with the least risk IMO. Gold will continue to move up.....gold coins will follow.

roadrunner

TWQG · February 25, 2003 12:30PM

Invest in real estate. Collect coins with your equity

DesertLizard · February 25, 2003 12:59PM

Buy low and sell high.

Sell coins [they are NOT NOT NOT an investment no matter how much you kid yourself]
Sell real estate
Buy high quality stocks [if you can follow an avg. of 12/wk otherwise stick to well managed funds]
Buy 10 "busted" blue chips selling for less than $10 [Lucent, Ford, etc.]
Buy Asian stocks [excliding Japan]

Classic mistake investors make is buying what's hot. I just sold all my real estate purchased from 1960s-1994. Got stupid money and was happy to pay the taxes. I plan on buying it all back from 2004/5 - 2009 when the real estate market is tumbling.

Buy coins when people are selling to pay debt, send kids to school, retire, etc. That's when they need to sell and in 1-2 yrs the coin market will tank like a dot.com stock.

CYBERKEN · February 25, 2003 1:56PM

I really wouldn't recommend coins as a main investment. They can, however, have a place in portfilio balancing, such as with bullion coins.

The pitfall for some (perhaps most?) who enter the rare coin market as pure investors is that they wind up not making their profits, because they fall in love with their coins, become collectors, and thus sell very little, even if years go by and the market gives them paper profits. They develop an appreciation for the art and history. They read a lot about coins. They spend too much time on message boards, and staring at coin pictures on dealer sites.

Oops! I'm describing my own experience.

On second thought, "investors" who get turned toward the wonderful and varied world of collecting are reaping the greatest profits of all-even if they never sell a thing.

So step back, take a good look, and enjoy yourself. This is a wonderful time for collectors...

michael · February 25, 2003 3:22PM

what should you invest in?

for me i am sure there are many great coins but here are a few in my opinion

ngc/pcgs monster toned correctly graded low pop ms67/68 seated type coins 1860 to 1891 seated dimes and quarters

1860 to 1891 half dimes

but they must have the right overall look i casnt tell you the look but i needd to see them in person then i can tell you

also proof 65 and higher deep/ultra cameo barber quarters after 1901 ngc pcgs also with the right look

proof 65 and higher barber dimes strong cameo deep cameo after 1912 with the right look

lib nicks ngc pcgs ms 67 with the right look

also ditto proof 67

deep cameo ultra cameo seated coins and trades in proof with the right look ngc pcgs

mintstate 64 better if 65 monster toned barber coins with the right look ngc pcgs cameoed even better especiallyso the 1881-o if it has monster eye appeal which would be rare!!

semi key date date pl dollars ngc pcgs ms 63 and higher with the right look especially so the 94s

ms 66 only high end ms 66 coins pcgs/ngc copper nickel indian cents 1860 to 64 with theultimate sleeper the 1863 with the right look!!!!!!!!!!!!!!!

any neat monster toned or even really close to monster toned commems 65 66 67 68!!!!!!!!!!!!

arks pilgrims oregons pan pacs also neat original white or nicely toned sesquis 65 but all have to have the right look! ngc pcgs

and the ultimate a matched fully original set of cincis in pcgs 65 66 with the right look!

any neat original toned ms 64 or higher pre 1835 coinage qwith thick original skins

also any rainbow thick skinned walkers 66 and above and of course the better date even better like the 41s ngc pcgs with the right look

any monster toned buff nick in proof 36 37 36 woyld be better tohugh proof 67 ngc pcgs but with the right look

proof 67 seatred type coins dimes quarters monster toned ngc pcgs witrh the right look

i gusss the list could go on and on

but as per the above make sure you get a decent price fair and also has to havethe right look and of course would not hurt to be excpetinoally eye appealling and high end in the holder

then i woujld say all the above would be good shot investments in my book at unsually one in a millino coins that sohlud at the very least give you much joy to own and at the very least extreme hold and keep their value you paid and still be saleable and in demand to many buyers

but you will come pretty close as humanly possible investment wise in waht you are looking for with the above!

but remember close only counts 100% in horseshoes and hand grenades

sincerely michael

barney · February 25, 2003 5:01PM

Invest in yourself and pray for everyone else. As far as coins go, buy 'em because you like 'em. Otherwise, you might as well be
gambling.

Of course, I'd like to make a buck or two when I sell, but that's a plus-not an intention.

Peace and best of luck,
Barn

Petescorner · February 25, 2003 8:13PM

Beanie Babies are coming back!!!! Get 'em while they're cheap!

CYBERKEN · February 26, 2003 12:31AM

Could you differentiate, for us old-fashioned types, "monster" toning, versus attractive natural toning?

I'm not sure "monsterous" is a term I'd apply to a nice looking coin.

Thanks.

Baley · February 26, 2003 1:23AM

gee sincerely micheal, so you're saying we should go after the top 1% or less of the very choicest coins, the ones with "the right look" and we should try to find and buy only coins that are high end for their NGC and PCGS slabbed grade, and that we should try to buy these exceptional pieces, monster toned if possible, but always highly lusterous and with their "thick original skins" and that we would do best to get these 4 and 5 figure coins for the best possible prices, preferably below wholesale?

thanks! thats really helpful!

meos1 · February 26, 2003 1:47AM

Certainly not coins this is a hobby not a investment vehicle. Buy coins cause you can afford them, you like them, they make you happy, not as an investment vehicle.

Dan

michael · February 26, 2003 2:51PM

gee.........................you're welcome!

and you really do not have to be rude baley i mean someone asked a question waht should he invest in and i gave him my opinion from my own thoughts of a purely investment point of view that does not make it bad or good or that evetryone will agree with waht i say and clearly you took offense with it

well that is not my problem

and i think if you do not have anything good to say about someone and then bash them with rude comments it does not show any charactor or class on your part

i never implied you or anyone should do this and of course some cant afford to buy these coins nor would want to but that still does not change the fact that this is waht i answered him in regards to his question

collect what you like and like waht you collect

but please do not make sinde remarks about others answers it is not a gentlemanly thing to do nor it is polite and to take offence where none is mentioned against you is a problem with yourself

let me ask you this
what have I done to you to get this tounge lashing ?? you are very rude

also i never aid or meant that you can buy these coins at wholesale or below

i think you read lots into my comments ......................... that was not there

and quite frankly i was not talking to you and i never suggested to you to buy anything

buy waht you like collect what you like but
please do not bash someone with statements like oh we should all buy these 4 and 5 figure coins and try to buy them below wholesale

i never said that someone asked what they should invest in and i told them what i thought

coins are fun for collecting and from my point of view if you want to invest in coins you have to be rich and buy certian coins does that make me good or bad or that i am implying thast you should buy these?

no no need to gedt worked up and strike out at someone with rude comments without ever knowing me or meeting me and also maybe time for you to chill and take a break from coins as you seem really to make a big thing out of nothing it is only a coin hobby

i mean nothing important neede for life and for me there are many other more important things in life than coins

you really act like i am such a terrible person saying only to buy 4 and 5 figure coins please chill out
and please do not take offense over nothing nor make judgments of others

i am sorry rich person hurt you in the past but it was not me and i am not rich all i did was answer a question thoughtfully for someone

in terms of investment in coins which really is a rich mans game so i gave it like i have seen in my short 35 years in the coin game

do not take it personally or with any other preceived thoughts or make things up that are not there let alone far from the truth of the matter

future apology accepted!!!!!!!!!!!!!!!!!!! i mean cant we all juat get along on here and not make ignorant assumptions all the time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! geez i have been on here and posted lots i am only on here for fun and maybe to help some others on here

CHILL OUT

sincerely michael

redhott · February 28, 2003 1:13AM

Hobbitt, invest in whatever you can get cheap. Buy your parents' or grandparents' or siblings' coins and bullion, for starters. Then study what you've got, be cautious, and go out and buy some more at a price favorable to you, even run an ad in the classifieds or in the free shopper paper. When you get the chance to sell some coin or coins for double, then sell and buy another lot. If you do it for awhile, you'll notice that every so often something else in your stash will reach double your cost. Then sell it, and buy another lot. Don't forget to thank your relatives, or whoever, for the deal you got on the very first lot, that education will have made it happen for you.

BTW, don't pay attention to the nay-sayers, they just want to keep all the profitable deals to themselves.

MrKelso · February 28, 2003 9:36AM

<< <i>platinum,gold ,silver ?what kind? looking for some help new to the field and don't want to make to many mistakes along the way. I know i'll make some along the way but looking for some experineced collectors tips.

>>

The following is an Approximation of my current portfolio From ( Feb 1996 to Current)

40% Bullion Gold
10% numismatic Gold
5% Silver Bullion
5% various other metals
30% Treasury notes
10% Stock The 10 percent stock are in companies Like Annally Mortgage Symbol (NLY) paying 14.40 percent Div's Riskiest i own.

Am i Balanced? Hell no.
Am i ahead?

Dave99B · February 28, 2003 9:52AM

Load up on eBay.

I've been playing the Market since 1980. eBay is the best PURE PLAY since Microsoft.

Revenues growing 100% a year, last quarters profits were up four-fold (didn't anybody tell Meg we're in a recession?)

Dave

what should i invest in?

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