Imho, if your dad like moderns, how about the silver proof sets. At under a million each year, they just might continue to appreciate thru the years. Who knows how many sets are getting broken up for slabs, albums, etc.
The 1999 silver proof set is selling for about $230 on Ebay. (original U.S. Mint selling price: $32.00)
2000 year set: $40.00 2001 year set: $100.00 2002 year set: $55.00 2003 year set: $39.00 2004 year set: ?? (New 11 coin set might take off, who knows)
Cheap and investment? I don't think those two go hand in hand. In any case, it's all about the demand. Find something that people are beginning to get interested in and ride the wave. And sell before it crashes.
I wouldn't recommend investing in coins. If you want to invest, buy bullion or stocks. I think there is too much "investment" hype for coins right now anyway, someday soon the bubble will burst.
There are always "niches", and in coins I would look at the mintages as compared to the grades and percentages of those coins slabbed, then study the grades given, and find where the least coins would meet the greatest market demand. It can be done. Do your homework.
1996-W Smithsonian $5 gold commem in UNC. Nearly as rare as the Jackie Robinson $5 Gold in UNC but sells for only a fraction of its price. The mintage figures in the 2005 Red Book appear to be wrong. I believe they have the proof and unc. mintages reversed. Can anyone confirm the actual mintages?
The problem with buying "cheap" coins as an investment is that anything worth buying will be, considering the amount to be spent, extremely time consuming. So it makes no sense as a pure investment. You need to really enjoy the hunt.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>The problem with buying "cheap" coins as an investment is that anything worth buying will be, considering the amount to be spent, extremely time consuming. So it makes no sense as a pure investment. You need to really enjoy the hunt. >>
A "cheap" coin now might turn out to be very popular and valuable many years from now! For example, a century ago then-current Proof coins (including Proof gold!) were valued at very little over face value. B. Max Mehl (a prominent dealer in the first half of the century) once spent a Proof Barber half because the coin then had little numismatic value, and all the halves he had on him were "collector's coins."
In general, I would look at semi-key date coins in whatever grade just missed the big jump. If you have the time to spend pouring over pop reports, it should be pretty clear what is undervalued. From an investor's standpoint, the pop reports couldn't be studied too much.
When we are planning for posterity, we ought to remember that virtue is not hereditary.
be cognisant of any return should any return be needed before you get back (u aint takin it witcha) or if any other need arise you should need to assign a close proximate to it's liquidity. (d-word,b-word,etc) coins can put people in more than mortages,loans,payables,etc all combined...(things can happen) prudence says enjoy, yet know your out and out-look....prospectus,etc..
Well, not cheap-but the 1870-S half dime that just went fot $600,000 + is cheap compared to things like 1913 Liberty nickels and 1804 dollars IMO-it's UNIQUE and needed for a complete set of these coins. More importantly, it's not a "fantasy" coin like the aforementioned.
Comments
David
The 1999 silver proof set is selling for about $230 on Ebay. (original U.S. Mint selling price: $32.00)
2000 year set: $40.00
2001 year set: $100.00
2002 year set: $55.00
2003 year set: $39.00
2004 year set: ?? (New 11 coin set might take off, who knows)
I hoarded away the U.S. Mint State quarter Rolls. A U.S. Mint wrapper P+D rolls. U.S. Mint website price:
$32.00+five bucks shipping (any amount).
Just saw a 2001 R.I. U.S. Mint P+D roll set sell on Ebay for $110.00 (triple your money in three years, not bad.)
Than a 2001 N.Y state quarter roll (U.S. Mint wrapper) sell for $86.00 .
Not a bad investment if you have the time.
1. 1995-D Cycling Silver dollar in MS69
2. 1996-D Rowing Silver dollar in MS69
3. 1996-D High Jump Silver Dollar in MS69
4. 1996-S Swimming Half Dollar in MS69
5. 1999-W Washington Gold $5 in MS69
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>The problem with buying "cheap" coins as an investment is that anything worth buying will be, considering the amount to be spent, extremely time consuming. So it makes no sense as a pure investment. You need to really enjoy the hunt. >>
Tell me about it.
%age gains can be pretty neat though.
with great eye appeal and strongly cameoed and/or nicely colored
proof 64 coins need to be high end
colored proof 65 and 66 red brown and brown indian head cents and two cent pieces
michael
When we are planning for posterity, we ought to remember that virtue is not hereditary.
Thomas Paine
if any other need arise you should need to assign a close proximate to it's liquidity. (d-word,b-word,etc)
coins can put people in more than mortages,loans,payables,etc all combined...(things can happen)
prudence says enjoy, yet know your out and out-look....prospectus,etc..