$40,000 or $50,000 what would you do ?

Bigdogg

If you had 40 or 50 K to invest in coins what would you buy? gold? Numismatic rarities? Modern High grade MS 66 and better? Proof coins? Bullion silver ? Notes? Isn’t this a good way to hide money also?

Just food for thought J

rottnrog

Some real nice errors!!!

Barry

I wouldn't "invest" in coins. I'd invest in stocks. Even if I would invest in coins, IMO, now isn't the time. The market's been climbing for several years.

mrearlygold

40-50K could be a 3 piece type set of early gold .

Or a start to a collection of the same.

TP

RYK

$50,000 windfall (no restrictions):
$10,000 to money market (savings)
$10,000 to Vanguard Total Stock Market Fund (investment)
$10,000 to wife's decorating budget
$10,000 to my coin collection
$7500 to children's college and savings funds
$2500 to charity

$50,000 gift certificate to favorite coin dealer:
$10,000 for nice Chain cent
$10,000 for MS-63 or 64 better date $3
$15,000 for better date smaller denomonation ($1, $2.50, $3 or $5) proof gold coin
$15,000 for key date circulated branch mint piece when available (61-D or 61-C $5, 41-O or 59-O $10, 70-CC $5, etc.)

MrEureka

If you had 40 or 50 K to invest in coins what would you buy?

Is making money the sole purpose? How long are you prepared to hold the coins?

Bustman

I would attend the ANR auction in Baltimore ( The Koshkarian collection), and have a little fun trying to take home of few of his grogeous bust coins.

agentjim007

How about one or two proof 70 moderns. That'll take care of that 40-50k pretty quick.

Dog97

Original, not dipped out & fingerprinted 1897 denominations. Anything left over I'd spend on getting me some better Morgans.

Bikingnut

Key date Washingtons, although I can't see them continuing their upward trend for much longer.

Bigdogg

just had to say one more thing
I must add that I wanted to turn back whatever investment I make in one or two years. I love the $3 gold and I’m a little partial to old gold or for that matter any kind of gold. I hate to watch my money sitting in a bank account making nothing at all except the bank making money on me. What a big bummer boooooooo.
I want to thank all of you in advance I have always gotten great advice here. So again I come with my hand out for help
Thanks everybody

roadrunner

My gut reaction would be to go with 100% type coins. At least for me. But If I were trying to buy something for another person:

draped bust quarter MS 63 - $8500
no motto seated half MS/PF 65 - $4500 (or two with motto)
trade dollar MS 65 - $8000
3 Seated quarters MS/PF 65 - $4500
1854-1855 seated 25c MS65 - $7000
1859 half dime PF 65 - $3000
4 MS 65 Saints - $4500
8 MS 64 Saints - $5000
MS 61/62 Saints - $5000 (similar to bullion)

Needless to say that the grading on the type coins has to be strict.
Too many bogus pretenders in holders. Those coins have far less
potential.

As usual I do what I preach. More than happy to buy any of the above pieces strictly graded. Similar type coins like Barber or bust could be substituted for the above. But I like the value on the above coins much more.

roadrunner

roadrunner

On second thought, I'd take out $5000 from the gold coins and place that in 90% silver coins. Silver has potential for explosive gains.

roadrunner

Baley

one to two year investment horizon?

I wouldn't even look at coins.

one third money market
one third index mutual fund
one third sector mutual fund (tech, health care, and/or financial services)

ohbaby

"Invest" in coins only if you don't care about return. I say invest in foreign equities, heavy contruction equipment for lease and commercial or residential properties [here or in Canada]. Well...with $50k which is not that much I say go for the foreign equities.

roadrunner

This thread originally meant to buy coins. But if everything else is open....I'd still buy the coins! But if I HAD to buy standard "investment" funds:

20% in Reverse Index S&P fund (shorting the market)
15% precious metals funds like Scudder/USAA/Toqueville
5% in junior gold/silver stocks - preferably US/Canadian based
20% foreign equities/foreign currencies/foreign govt bonds
10% in bear market investment funds/TIPS
10% in Unique and stable market funds such as PRPFX
10% bullion - gold/silver etc.

roadrunner

291fifth

If you are thinking about INVESTING stay away from coins. They are lousy investments due to the margins involved and also due to liquidity issues that arise when it is time to sell.

Baley

... and If I could put all of the money into coins, I'd be filling my early US gold silver and copper holes in my type set with VF coins from pre-1808, and upgrading my 1809-1836 coins to uncirculated.

mgoodm3

Staying away from the investment thing. I would buy me some nice 19th cent proofs.

Baley

damm roadrunner, you're a bear on US stocks huh?

I'm loving my stocks, up 40-50% in a 1-2 year period

Cladiator

I'd grab up the most uncleaned super duper high grade examples of 21 Peace dollars I could find.

LincolnCentMan

I'd buy key dates in the 1K-5K range for the most popular series:

Morgan Dollars
Lincoln Cents
Merc Dimes
Buff Nickels
Standing Quarters
Walking Halves

David

jdimmick

I agree with the statement that getting into coins now for pure investment is probably not the best avenue financailly as many prices are nearing a peak.

But, since you asking about coins, you might want to look at PCGS/NGC certified better date pieces that are not currently price inflated compared to thier actual scarcity. Look for choice coins that are scarce and that rarely come available, that have tremendous eye-appeal. You will probably have to pay a good size premium in this current market to get them, but in the long run, you should come out ahead. There are also some fantastic early type coins that will continue to experience some steady growth as well, even if the market softens. But, remeber quality and eye-appeal are extremely important, as collectors and buyers become more knowledgeable and smarter, they will want these coins instead of average typical quality junk.

ealandg

I would e-mail Anaconda and start talking about some of those gorgeous flowing hair and draped bust coins listed on Ebay...

roadrunner

Baley, I'm a bear on US stocks becaused the bull market is long over. The end of a bear rally is upon us. The only reason for the current bear rally is the ridiculous liquidity that the govt has pumped into the economy (easy credit) and the fall of the us dollar. Notice that the 30% drop in the US dollar is very much responsible for the 30% "rise" in US equities. Gold has done the same thing. Net change is actually zero. One merely preserved one's wealth.
Look for a major drop in US equity indexes over the next 12 months.
Maybe next month! Individual energy, oil, and commodity type stocks will probably do ok. But market indexes are in for a beating.
Regular (long) index funds were the place to be in the 90's. They will be the wrong place to be in this decade.

There is much excess capacity to still get rid of in our equity markets that the FED prevented from happening. Unfortunately the piper had to be paid eventually. Once the election is over, all bets are off.

roadrunner