<< <i>Opinions wanted. which is the better investment coin >>
1800 1$ ANACS G-6 B-20 R-7 RAREST VARIETY OF 1800
The toning fad will come and go and probably come back again and go again. Rarity on the other hand is rarity and a coin like the 1800 B20 will always be rare. Even if the unheardof were to happen and someone actually located a dozen or so of them the coin would still be a super rare coin at R6.
Good points. Would the 1800 B-20 be collected by die variety collectors only? Only 625 or so 1867 proofs were struck that year. Would that make it a rarity as well? The 1867 is super pretty.
<< <i>How can you say they are overpriced when there is someone out there who is willing to pay 10 grand for a 1999-P SBA in 68!!!!!! >>
The SBA is also overpriced and should not be purchased as an "investment", which is what he asked. Now, if he had asked "Which of these coins should I buy for pleaure?", that would be an entirely different animal.
I wouldn't consider either of them as investments. Having said that, my guess is the pretty proof is the more likely to climb in value. From what I gather, the hardcore die variety collectors prefer higher grades than Good if they can get them. That seated half is a scarce coin, and ones as pretty as that are scarcer still. Further, assuming you'd own either one a long time, that half is a coin you'll enjoy every time you pull it out & look at it. s
If you want an investment--pass on both. The half is pretty but a lot of proofs have pretty color. The super rare 1800, assuming you like it, has a much better chance to eventually double/triple in value over say a 20 year period. If you're talking 5 years hold--pass on both. Also keep in mind the dollar has to be crossed to NGC with attribution for top dollar--and it might not.
Glad we agree on the SBA Russ, but I still think any nice proof from the 1800's bought right would be a good investment. I have often considered selling all of my circ coins and buying all classic proofs. They are beautiful and not many were made.
But that's just my opinoin. And opinoins are like a$$holes, everybody has one
(I should have added-if you find a BUSINESS STRIKE half-dollar at 2 times Trends value, with that color in PCGS, then I'd prefer that as more likely to appreciate)
That being said, I'd say the proof is probably the coin with more upside. Bust dollars have had quite a run in the past year or three, whereas proof type has had no such run...Mike
Collector of Large Cents, US Type, and modern pocket change.
<< <i>From what I gather, the hardcore die variety collectors prefer higher grades than Good if they can get them. >>
While high grade is almost always a goal for almost all collectors the above statement really isn't accurate. I can tell you that variety collectors, at least bust variety collectors, will jump at the chance to obtain a rarity in any grade.
An R7 coin means that there are anywhere from a lowly 4 to a maximum of a dozen of these coins known to exist in the world. The opportunity to pick and choose to get a higher grade simply does not exist. These coins may come to the open market but a couple times in your collecting life. You get the coin when it's available in what ever condition it's available in.
Someone not familiar with this concept need only look at the coins offered recently in the Reiver auctions to see that a "hardcore" die variety collector can overlook traditional problems and lower grade for the opportunity to actually aquire a severly rare coin.
I would pass on both coins as an investment. If a coin is sitting on a popular dealer's website for any amount of time, it means a lot of people have said "no thanks." Same deal with a Buy-it-now auction on Ebay that is more than a day or two old. A lot of smart people have probably already said "pass." Unless that first coin just got listed, odds are that a lot of smart people have passed on that coin at the price offered. Nice coins at competitive prices are selling very quick in the current market and might be an okay investment. Anything that sits for a while can often be bought much cheaper if a person shops around. Price paid is very important when the "I" word is used.
If a person is looking for investments, the spread is a key factor. Someone who buys an investment from a dealer that has a high mark up has that much to make up before breaking even. A good question to ask is how much might that coin sell for if a person had to sell it next week. That would give a good indication of the spread. Asking the seller, is not the best idea to get an indication. Rather see what similar coins sell for at other venues, and what another dealer might give for a coin wholesale.
As for crystal balls, the convention wisdom is usually right for a long while, then wrong at crucial turns in the market, and often wrong in the long run. Be careful out there.
Comments
The other one is rare at the moment, other types of this variety could be discovered in the future causing price to decline.
But I buy for eye appeal...and think that proof is a gorgeous coin that will almost never decline in price.
">"http://www.cashcrate.com/5663377"
Russ, NCNE
<< <i>Opinions wanted. which is the better investment coin >>
1800 1$ ANACS G-6 B-20 R-7 RAREST VARIETY OF 1800
The toning fad will come and go and probably come back again and go again. Rarity on the other hand is rarity and a coin like the 1800 B20 will always be rare. Even if the unheardof were to happen and someone actually located a dozen or so of them the coin would still be a super rare coin at R6.
How can you say they are overpriced when there is someone out there who is willing to pay 10 grand for a 1999-P SBA in 68!!!!!!
You can go get them at the bank in 65 for a dollar!!!!!!!! By the bag!!!!!!!!
AND THEY ARE UGLY TO BOOT !!!!!!!
<< <i>How can you say they are overpriced when there is someone out there who is willing to pay 10 grand for a 1999-P SBA in 68!!!!!! >>
The SBA is also overpriced and should not be purchased as an "investment", which is what he asked. Now, if he had asked "Which of these coins should I buy for pleaure?", that would be an entirely different animal.
Russ, NCNE
But that's just my opinoin. And opinoins are like a$$holes, everybody has one
<< <i>Neither. They are both seriously overpriced. You'd be underwater for a long time.
Russ, NCNE >>
<< <i>From what I gather, the hardcore die variety collectors prefer higher grades than Good if they can get them. >>
While high grade is almost always a goal for almost all collectors the above statement really isn't accurate. I can tell you that variety collectors, at least bust variety collectors, will jump at the chance to obtain a rarity in any grade.
An R7 coin means that there are anywhere from a lowly 4 to a maximum of a dozen of these coins known to exist in the world. The opportunity to pick and choose to get a higher grade simply does not exist. These coins may come to the open market but a couple times in your collecting life. You get the coin when it's available in what ever condition it's available in.
Someone not familiar with this concept need only look at the coins offered recently in the Reiver auctions to see that a "hardcore" die variety collector can overlook traditional problems and lower grade for the opportunity to actually aquire a severly rare coin.
<< <i>but I still think any nice proof from the 1800's bought right would be a good investment. >>
I agree. I think they're undervalued in today's market. But, the key phrase is "bought right", and this example doesn't meet that criteria.
Russ, NCNE
If a person is looking for investments, the spread is a key factor. Someone who buys an investment from a dealer that has a high mark up has that much to make up before breaking even. A good question to ask is how much might that coin sell for if a person had to sell it next week. That would give a good indication of the spread. Asking the seller, is not the best idea to get an indication. Rather see what similar coins sell for at other venues, and what another dealer might give for a coin wholesale.
As for crystal balls, the convention wisdom is usually right for a long while, then wrong at crucial turns in the market, and often wrong in the long run. Be careful out there.