@ikenefic .. Very sound advice but, you lost me on the last sentence. You don't like toned but, the fad used to be white??? St. Gaudens or Guarrrdens I can't even spell it but it sure sounds nice. Reminds me of New Aualeans, nostalgic, hmmm.
I will be doing some research in the coming days and hopefully showing off something special
@Aspie_Rocco said:
I would suggest Not liquidating all of your junk silver. Buy some dansco books and fill some holes, have fun building some sets with what you already have. The liquidity of such a junk silver collection allows you a lot of wiggle room to cash in here and there to look at slabbed coins.
As for what I might buy... maybe a few nice Walking Liberty in ms65/66, xf-AU trade dollar, ms Buffalo nickels. I would get those types of coins because I like them, not as a sound investment vehicle.
Good advice and I decided to save my Silver Eagles hoping that if and when silver moves up I will sell for a couple nice proofs I cant afford right now.
@Aspie_Rocco said:
I would suggest Not liquidating all of your junk silver. Buy some dansco books and fill some holes, have fun building some sets with what you already have. The liquidity of such a junk silver collection allows you a lot of wiggle room to cash in here and there to look at slabbed coins.
As for what I might buy... maybe a few nice Walking Liberty in ms65/66, xf-AU trade dollar, ms Buffalo nickels. I would get those types of coins because I like them, not as a sound investment vehicle.
Good advice and I decided to save my Silver Eagles hoping that if and when silver moves up I will sell for a couple nice proofs I cant afford right now.
Yea, Im gonna move the junk silver but, I like my silver eagles to me those are not junk. At least for now anyway. Imagine if you bought a few hundred of those in ms70 back in the 90's, geez.
@Smudge ..Thanks to you and all the others who mentioned it, I now have Gold Fever, thanks really appreciate it, next thing you know, I will sell my business and move to the hills, The St. Gauden Hills
@Gazes said:
check out the $10 pcgs au55 1851-O gold on doug winters site. old gold. branch mint. big coin. hand picked by doug. $1950.
Doug? Do I just google his name? Big coins are a big thing?
google Doug Winter coins and you will find his site. Also, the video interview I mentioned in the other posts gives his advice on exactly the question you raised on this thread. Good luck
If you think you'd like a coin that is absolutely tied to the price of gold and exists in the multi thousands (all for sale) get the Saint Gaudens.
If you think you'd like some history and a coin that isn't in every coin shop, get the bust dollar.
@topstuf said:
If you think you'd like a coin that is absolutely tied to the price of gold and exists in the multi thousands (all for sale) get the Saint Gaudens.
If you think you'd like some history and a coin that isn't in every coin shop, get the bust dollar.
Your choice.
Plenty of other choices too. Follow your nose.
Oh! Well. that is an interesting perspective and more food for thought. Choices
@topstuf said:
For $2500 you could get a Draped Bust Dollar and have a premium, salable coin in any market with the advantage of the almost universal preference for large coins.
Slabbed of course.
Man, those are expensive! It looks like I could get a 1800 in a VF-25, if I could even find it. Wouldn't mind finding a jar of those with the ole' detector...
@topstuf said:
For $2500 you could get a Draped Bust Dollar and have a premium, salable coin in any market with the advantage of the almost universal preference for large coins.
Slabbed of course.
Man, those are expensive! It looks like I could get a 1800 in a VF-25, if I could even find it. Wouldn't mind finding a jar of those with the ole' detector...
This 1800 cost me less than $2000 a few weeks ago.
This VF cost a bit more but well, then.... uh....not a LOT more.
@BAJJERFAN said:
I would buy 50 $50 bills from the first bank teller I saw when I walked in the door.
That is some of the best advice here .With $2000 you can open a 15 month CD at 2.75% .
But if OP insists on a valuable coin .........Gold Bullion would be best .
An PCGS MS63 Saint is trading close to bullion value and it is a beautiful coin .
I would stay away from low grade ( G-F ) Bust dollars . There are thousands and thousands of them out there . Not even minimally rare .
it's like books which say take the money you spend on Starbucks and invest it. While you are at it , why take a vacation? invest it. This advice fails to take into account the enjoyment from Starbucks, vacations or a coin.We save money to enjoy ourselves. I would get much more enjoyment taking an extra $2000 and researching, searching andbuying a nice coin than get a CD that will pay me an extra $60 in 15 months. And who knows, maybe when I sell it I will do better than the CD
Simple, buy a key date coin in a series you like at the highest grade possible. Obviously it must be encapsulated by PCGS or NGC. Color and great eye appeal are a must. Don't pay a huge buyers premium to get it. If you buy it at auction, let the consignor take the hit.
If you do what you always did, you get what you always got.
@DollarAfterDollar .. True enough but, now you have created another question for me. Coin dealer or auction house? I have no experience at either. Online auctions sounds kinda fun but, not being able to hold the coin in person does not. I suppose the grade will eliminate the worry of actually holding it?
Slabbed gold close to melt- MS64 or above. Slabbed MS 69 AGB a fav. Just bulk up on nice stuff. A good mix...love French Roosters and Angels. Slabbed of course - super buy.
I would buy some foreign coins with super high quality and eye appeal. A sound investment? Maybe not, but at least I would have something different from everyone else.
@CoinscratchFever said: @Smudge ..Thanks to you and all the others who mentioned it, I now have Gold Fever, thanks really appreciate it, next thing you know, I will sell my business and move to the hills, The St. Gauden Hills
You haven't experenced the full power of gold fever yet.
Wait till you start digging it out of the ground...
There is another housing bubble building, and gold bugs will go to gold in uncertain economic times. As the price of gold increases, it will take silver with it. Your melt coins have a better chance of increasing in value that many (most) "collectible" numismatic coins.
If you are adamant that you want to have a numismatic piece, then I agree with those suggesting that you stick to the early federal period of U.S. coinage.
Comments
@ikenefic .. Very sound advice but, you lost me on the last sentence. You don't like toned but, the fad used to be white??? St. Gaudens or Guarrrdens I can't even spell it but it sure sounds nice. Reminds me of New Aualeans, nostalgic, hmmm.
I will be doing some research in the coming days and hopefully showing off something special
Good advice and I decided to save my Silver Eagles hoping that if and when silver moves up I will sell for a couple nice proofs I cant afford right now.
Yea, Im gonna move the junk silver but, I like my silver eagles to me those are not junk. At least for now anyway. Imagine if you bought a few hundred of those in ms70 back in the 90's, geez.
@Smudge ..Thanks to you and all the others who mentioned it, I now have Gold Fever, thanks really appreciate it, next thing you know, I will sell my business and move to the hills, The St. Gauden Hills
I would buy 50 $50 bills from the first bank teller I saw when I walked in the door.
Since you chose the Buffalo 5c as one of your favorites you could get a PR66 matte proof 1914 or 1915 or a PR67+ 1937 brilliant proof Buff.
I would sit on the silver and do some research.
"Buy in haste, repent in leisure" is trite but very true.
google Doug Winter coins and you will find his site. Also, the video interview I mentioned in the other posts gives his advice on exactly the question you raised on this thread. Good luck
If you think you'd like a coin that is absolutely tied to the price of gold and exists in the multi thousands (all for sale) get the Saint Gaudens.
If you think you'd like some history and a coin that isn't in every coin shop, get the bust dollar.
Your choice.
Plenty of other choices too. Follow your nose.
Oh! Well. that is an interesting perspective and more food for thought. Choices
Okay then.... time to flip a (slabbed CAC) ..coin and go with it.
Man, those are expensive! It looks like I could get a 1800 in a VF-25, if I could even find it. Wouldn't mind finding a jar of those with the ole' detector...
Yea, don't own one of those...yet
@topstuf I could flip a quarter I got plenty of those
This 1800 cost me less than $2000 a few weeks ago.
This VF cost a bit more but well, then.... uh....not a LOT more.
@topstuf ..The 1802 is purdy
I already have money accounts that I pour into every month, this will be for my pleasure, and o course the kids later on down the road...
it's like books which say take the money you spend on Starbucks and invest it. While you are at it , why take a vacation? invest it. This advice fails to take into account the enjoyment from Starbucks, vacations or a coin.We save money to enjoy ourselves. I would get much more enjoyment taking an extra $2000 and researching, searching andbuying a nice coin than get a CD that will pay me an extra $60 in 15 months. And who knows, maybe when I sell it I will do better than the CD
@gazes .. Well put. Besides I don't buy $5 coffees but, if I did, I would. Wait a minute what
Simple, buy a key date coin in a series you like at the highest grade possible. Obviously it must be encapsulated by PCGS or NGC. Color and great eye appeal are a must. Don't pay a huge buyers premium to get it. If you buy it at auction, let the consignor take the hit.
@DollarAfterDollar .. True enough but, now you have created another question for me. Coin dealer or auction house? I have no experience at either. Online auctions sounds kinda fun but, not being able to hold the coin in person does not. I suppose the grade will eliminate the worry of actually holding it?
Slabbed gold close to melt- MS64 or above. Slabbed MS 69 AGB a fav. Just bulk up on nice stuff. A good mix...love French Roosters and Angels. Slabbed of course - super buy.
Would not want in one coin - diversify.
I would buy some foreign coins with super high quality and eye appeal. A sound investment? Maybe not, but at least I would have something different from everyone else.
Gobrecht's Engraved Mature Head Large Cent Model
https://www.instagram.com/rexrarities/?hl=en
You haven't experenced the full power of gold fever yet.
Wait till you start digging it out of the ground...
Here's my 2c:
There is another housing bubble building, and gold bugs will go to gold in uncertain economic times. As the price of gold increases, it will take silver with it. Your melt coins have a better chance of increasing in value that many (most) "collectible" numismatic coins.
If you are adamant that you want to have a numismatic piece, then I agree with those suggesting that you stick to the early federal period of U.S. coinage.
It's just another bullion coin. European gold hoards make these risky investments.
I have a couple