Home› Buy, Sell, & Trade - U.S. Coins

New to this board...have a couple of ?'s.

alohaetalohaet Posts: 454
in Buy, Sell, & Trade - U.S. Coins
If you were just starting to buy U.S. coins what would you buy for future appreciation? Say under $500. What MS grade and what demomination. Also it seems that a dealer on ebay (verypq) has a lot of nice coins but with big prices. Has anyone dealt with him? I am usually on the currency board.

Thanks
Ed
email address: alohaet@hotmail.com

Comments

  • AU58WALKERSAU58WALKERS Posts: 3,562 ✭
    there are a bunch of dealers on ebay with silly big prices, just ignore them.
    collect coins for fun not profit.
    "Everyday above ground is a good day"

  • nankrautnankraut Posts: 4,565 ✭✭✭


    << <i>If you were just starting to buy U.S. coins what would you buy for future appreciation? Say under $500. What MS grade and what demomination. Also it seems that a dealer on ebay (verypq) has a lot of nice coins but with big prices. Has anyone dealt with him? I am usually on the currency board.

    Thanks
    Ed >>



    IMHO, VeryPQ's prices are a bit steep; but the quality of his coins are also superb, in most cases. You get what you pay for. Regarding what to buy: well, it sounds like you're more interested in investment than collecting. Probably the most conservative, safest investments are pre-1950 type coins, in the highest grades possible, and certified by PCGS or NGC. Just my opinion, mind you. I've been collecting coins for over 60yrs, and I've been wrong alot.
    image

    BTW.....your avatar looks familiar. image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • alohaetalohaet Posts: 454
    Thanks for the quick replies. Is there a premium for toned coins? I don't know if I will be around long enough for the coins to appreciate in value. LOL I would like to collect nice looking coins from 1944. Guess why.

    Ed
    email address: alohaet@hotmail.com
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    "If you were just starting to buy U.S. coins what would you buy for future appreciation?"

    Key dates, they usually outperform inflation and always outperform common date coins in the same series.

    "Is there a premium for toned coins?"

    Yes, but not as high as there used to be (these coins are fadish and would not make good investments).

    "I would like to collect nice looking coins from 1944. Guess why."

    Because you're 65 years old this year.



    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • ElKevvoElKevvo Posts: 4,120 ✭✭✭✭✭
    Welcome to the US Coin board!

    K
    ANA LM
  • alohaetalohaet Posts: 454
    Steve, You are correct. Hard to believe I now qualify for Medicare. I would like to have a nice 1916-D Mercury Dime. But I noticed they are a little expensive in high grade. What other coin with a special date could I look for?

    Ed
    email address: alohaet@hotmail.com
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭
    Before you buy anything, no matter the price, please do your research.

    IF you're just starting out, I would recommend purchasing the Red Book Guide to US Coins published by Whitman. This will give you a rough idea of prices, and also includes a variety of life-size photos of various coins.

    And as far as investment in coins goes...

    Do you know how to make a small fortune collecting coins?
    Start with a large one image
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  • mustanggtmustanggt Posts: 2,668 ✭✭✭✭✭
    Do a lot of comparison shopping. Price guides are just that whether wholesale or retail they are just guides. Past Ebay sales are helpful as far as current market althought you will notice some wide flucuations there also. Collect what you like and learn to be cautious.
  • cinman14cinman14 Posts: 2,489 ✭
    alohaet image

    nankraut image


    image

    I thought for a moment someone forgot their meds today...image
  • 09sVDB09sVDB Posts: 2,420 ✭✭✭
    $500 worth of books to start.
  • thisnamztakenthisnamztaken Posts: 4,101 ✭✭✭✭✭
    Welcome to the US coin side of the forums, alohaet/Ed.

    Because of your late start and age, I'd suggest that you choose a US coin series that really appeals to you esthetically, historically, emotionally, etc. Then study what past and present qualified experts on that series have written about the individual dates. Finally, try to go to a large coin show or two and talk to any dealers who specialize in that series, and visually examine as many of their coins as possible. When you are ready to "invest" in a few, purchase either the key dates or PQ, gem, uncirculated coins with stunning eye appeal in PCGS or NGC holders.

    image
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    I never thought that growing old would happen so fast.
    - Jim
  • alohaetalohaet Posts: 454
    Thanks for all the info. I think I will collect for fun and coins that simply have great eye appeal.

    Ed
    email address: alohaet@hotmail.com
  • RNCHSNRNCHSN Posts: 2,609 ✭✭✭
    As someone who has seen some of Steve's (VeryPQ) coins in person, and bought a few "sight-unseen," I'll tell you that he's a "top notch" dealer.

    I will also tell you to do the research before you buy anything! Buy the books before you buy the coins and you'll be happier in the long run!
    Ron

    ___________________________
    click to email me

    ronsrarecoin.com

    ebay auctions for ronsrarecoin-com
  • drfishdrfish Posts: 946 ✭✭✭✭
    I've gotten my best coins at good prices from Heritage-occasionally ebay-unless you have the coin in hand always buy PCGS/NGC certified-most ebay raw coins have issues...Heritage has alot of images in their auction results archives that you can use to research both "look" and prices.If you get toned coins, the ones with white centers and attractive peripheral toning seem to have consistently held their value
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