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If you collected coins for the sole purpose of capital appreciation...

MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
in U.S. Coin Forum
Would you collect the same coins you now collect?

If not, what would you collect? Why?

How else would you do things differently?
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    No. I'd probably trade in my current collection for a "box of 2" if that were the case.

    I wouldn't be able to collect enough if that were my intent. There's no way I let coins become much more than 10% of my net worth.
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    I'd probably buy stocks instead. If you buy coins just for capital appreciation, what fun is that?
    Newman Numismatic Portal, www.NewmanPortal.org
  • LongacreLongacre Posts: 16,717 ✭✭✭
    I would collect pop top Registry set moderns. Really. And then flip them to the #2 Registry set holder.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • RussRuss Posts: 48,514 ✭✭✭
    Yes.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • LakesammmanLakesammman Posts: 17,460 ✭✭✭✭✭
    If I knew in 1995 what I know now, I would have collected great plastic instead of great coins.

    I would have done much better with capital appreciation.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    i think if i collected for the sole purpose of Capital Appreciation i'd be called an investor or a dealer and no longer a collector. with that being the case, it'd be hard to do better than some of what's been issued recently by the Mint. the quick flip would work to keep cash flowing and the short term gains would work well to keep cash growing.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I am a collector.. would not do that.. I make more than enough in other venues. Cheers, RickO
  • cladkingcladking Posts: 28,733 ✭✭✭✭✭
    I'd collect mostly mint state clad dimes and quarters in mid grade and halfs in high grade as
    well as Ikes in top grades. I'd dabble in world moderns. I'd do a lot more medals and a lot
    fewer tokens. I'd also take a flyer on a few buffalos nickels and standing liberty quarters. Some
    of the stuff from the early '20's in high circ grades are probably undervalued.

    It wouldn't be as much fun and I'd get bored.
    tempus fugit extra philosophiam.
  • OKbustchaserOKbustchaser Posts: 5,546 ✭✭✭✭✭


    << <i>If you collected coins for the sole purpose of capital appreciation... >>



    I'd quit. In fact, I never would have bought my first one.
    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭
    While I began as a US collector and I still am, I am seriously loading up on gem classic foreign.

    I should add certain scarce and rare date crowns too!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Yes

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • dthigpendthigpen Posts: 3,932 ✭✭
    You would be sort of silly.
    Mr. Thigpen

    Self Indulgence | Holey Coins | Flickr Photostream
  • percybpercyb Posts: 3,333 ✭✭✭✭
    It's easier to pick stocks based on value and wait for appreciation rather than pick coins, to be sure.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • PerryHallPerryHall Posts: 46,859 ✭✭✭✭✭
    If I bought coins "for the sole purpose of capital appreciation", I wouldn't be collecting coins----I'd be investing in coins.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • curlycurly Posts: 2,880 ✭


    << <i>Would you collect the same coins you now collect?

    If not, what would you collect? Why?

    How else would you do things differently? >>



    I would never invest in coins, but I guess that isn't the question.

    I would buy the very rarest coin in the the very best condition that I could afford. Even if I only had one coin in my possession and take years to pay it off. It would be such a coin that would take a page to write up in an auction catalogue.

    I would also get a professional to help me find such a coin.

    Lord, just thinking about doing such a thing gives me the willies.
    Every man is a self made man.
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    No

    If I was only after the bucks I don't think I'd even buy coins.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    If you collected coins for the sole purpose of capital appreciation...

    I would have quit long ago.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • FinallyHereFinallyHere Posts: 821 ✭✭✭
    If I knew in 1995 what I know now, I would have collected great plastic instead of great coins.

    Now that's a sad statement Tim...there's truth here too which is why it's so sad.
    Mike Printz
    Harlan J. Berk, Ltd.
    https://hjbltd.com/#!/department/us-coins
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    I'd buy tons of moderns, flip them immediately after buying from the USMint, and do it again and again.
    If they didn't increase for me, I would just return them within the 30 day window.

    That's how some guys are doing it now, right?

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • PaleodalePaleodale Posts: 290 ✭


    << <i>I'd buy tons of moderns, flip them immediately after buying from the USMint, and do it again and again.
    If they didn't increase for me, I would just return them within the 30 day window.

    That's how some guys are doing it now, right? >>

    I would think the mint would wise up to that pretty quick,, and would probly blacklist you and not sell to you for awhile.. image
  • ttownttown Posts: 4,472 ✭✭✭
    Well not for the sole purpose of capital appreciation but I collect common date graded (up to MS63) 20$ Saints/Libs, 35 different dates and mint marks so far. Really don't care if I sell them but I think Gold is a very good bet and I needed something other than a ton of mutual funds and stocks.
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    No, I wouldn't.

    The coins I collect are generally obscure, but I find them interesting. There isn't a huge market for 20 cent piece equivalents and many British commonwealth members, so I could expect to lose money or break even on resale.
    image
    Obscurum per obscurius
  • combatmailmancombatmailman Posts: 670
    I would collect gold coins.
    Retired U.S. Army Paratrooper 1977- 1992 Served Proudly. 100% DAV
    All The Way - And Then Some
    I collect Modern Commemoratives
    and anything Franklin.
    image
  • BigRedBigRed Posts: 716
    No, I'd probably collect higher grade key date coins provided I could go back a few years,but in a few more years they will seem cheap at todays prices.
  • lathmachlathmach Posts: 4,720 ✭
    Yes of course, I would.
    I collect the Liberty Seated Quarters.
    I have never lost money in collectable coins. Then again, I don't buy something and sell it right away either, and I don't buy at retail and sell at wholesale like some half wits do.


    Ray
  • PokerGeniusPokerGenius Posts: 119
    I collect coins for the joy of it. it relaxes me. i enjoy going to local shows, buting nice original raw coins for my albums and pulling the albums out once in a while just to look at them. I'm not interested in slabs, or grading services. I know what i like and I know what Im willing to pay. coins are bought with the same money I use to go to movies, buy "entertainment" or whatever else.....if all my coins were worth face value it owuldnt bother me a bit.
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    Soon, QUALITY is going to be valueable-really valueable regardless of what the coin is.

    So there's hope for modern crap! image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭


    << <i>I'll give everyone a strong tip: BUY THE BEST QUALITY COINS YOU CAN AFFORD.

    Soon, QUALITY is going to be valueable-really valueable regardless of what the coin is. There is a separation happening between yuck and high end coins already. But there is money thats started to come in to make the difference-bigger than life!

    >>

    I have always believed that the true GEMS will bring much bigger bucks.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    Yes

    No

    I would still own every coin that I bought 12 years(or longer)ago--now long gone:

    This would include an 1895 Proof Morgan in 68, 1916 SLQ in MS 67, 1893-S Morgan in MS 64; 1795, 1796, 1800 early dollars in various MS grades.

    And I would have never sold my 1885 Lib nickel in MS 67.

    Some coins should never be soldimage
    TahoeDale

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