What coins are you holding PURELY for investment purposes?

MrEureka · July 19, 2003 1:44PM

First, don't bother answering if your answer is "None".

For the rest of you: Yes, I understand that you collect coins because you love them. Yes, I understand that "investment" is a four letter word around here. That said, you might still want to make a few bucks when you see an opportunity. So, tell us, do you own any coins that don't fit in your collection that you are holding purely as an investment?

MrKelso · July 19, 2003 1:45PM

All Gold coins Hundreds of them.

GAT · July 19, 2003 1:46PM

Modern gold coins for their bullion value.

Russ · July 19, 2003 1:55PM

I intend to retire rich beyond the dreams of Avarice with the world's largest hoard of Accented Hair Kennedy half dollars.

Russ, NCNE

mbbiker · July 19, 2003 1:55PM

My investment is a 1884 $2.50 gold piece grading set. I really didn't want a bunch of the same grade so i turned my "investment" into a type of a collection.

baccaruda · July 19, 2003 1:56PM

1992 Silver Eagle Proofs.

LucyBop · July 19, 2003 1:56PM

hmmm, my 55 post and 55 Hardtop, my 56 post.... Investments!

Wolfy00002 · July 19, 2003 1:58PM

As soon as I send them in to get graded, the answer will be all except for my toned Jeffersons (I'm starting to really like them), a couple of purple pennies, and the coins that my Grandfather has collected for me and my family.

MrMoo · July 19, 2003 2:07PM

Well I don't think I am going to be getting back what I paid for them any time soon so all 3 of them.

JoyofCollecting · July 19, 2003 2:18PM

All my duplicate (lower graded) seated dimes.

joejeweler · July 19, 2003 2:18PM

Tough call Andy......as i surmise from your question that you're talking about "put away" type coins. Those so nice for the grade and/or of such genuine rariety that down the line will most likely yield the owner a nice financial return.

But.......i simply can't catagorize any of my coins like that! Simple put,....if i don't really love a coin for it's "look".......i won't put it away anyway. The investment side of a coin purchase is certainly considered, along with comparable worth relative to what's usually seen for the coin.

I try to look at my "key" dates a little bit harsher, in that when i find a knockout eye-appealing example i realize i might never find another to replace it..........so it's likely to remain in my collection anyway. But i honestly can't say i'm holding it for investment purposes ONLY. (partly maybe.......but a very small part!).

Those that can truly say they're holding a coin "purely" for investment purposes are a better man/woman than i am, for if a stupid money offer came along to them the coin would most likely be sold. And if we consider that in general the "keys" have always done well over time, then those i own and have put away serve the holding for investment purposes the best. It is, however, a built in feature and therefore can't be said to be the main reason for putting them aside.

I'd have to be in grave financial straights to consider parting with about half of my collection.......and i refuse to disclose them...... for should they come into the marketplace you would all know i was desparate and might take advantage of me!

....sorry Andy......i guess i should not have answered because it looks like i've arrived at .....NONE!

......."Never mind".........(as Rosana Rosana Dana used to say)

ccrdragon · July 19, 2003 2:26PM

Modern bullion gold and silver - bought 'em for that purpose alone....

Typetone · July 19, 2003 2:59PM

Mistakes. Stuff I didn't need, overpaid for or ugly. Can't get my money out, so they are now investments

Greg

Oldtrader3 · July 19, 2003 3:25PM

Some higher grade PCGS/NGC, MS64/67 Type coins (silver and gold) that do fit anywhere else in my sets.

coiNuts · July 19, 2003 3:26PM

1942/1 P and D's...............although the D's are about 10 times harder to find and worth a bit less???? go figure.....as soon as the 42/1's were added to the "official" collection of merc dimes..........I started to scoop them up...............at least 14% return so far....................

haletj · July 19, 2003 3:48PM

A duplicate 24-s Lincoln Cent (although I would like to trade it for a 25-s if I could!) and, I'm still waiting for a 17-s Lincoln in the mail. The description said slightly toned obverse so I may not like it for my set, but I may keep it just because it HAS to be a good investment. I guess I have other dates too in my set I don't like either but am just saving as an investment. I hope to keep my Lincoln Cent set forever, but in 5 yrs or so I'll probably buy a house and it might be wise to cash in at that point (which in case everything was an investment.)

stman · July 19, 2003 4:27PM

<< First, don't bother answering if your answer is "None >>

I'm really getting a kick out of all the rules people have lately. BTW.... NONE

It really was no bother at all.

MacCoin · July 19, 2003 5:50PM

<< First, don't bother answering if your answer is "None". >>

this is a collector forum. why don't you take this BULL to a investment forum.

cladking · July 19, 2003 9:27PM

I've always kept the undergrades when I've upgraded a clad in my collection.
I also will save almost any really nice clad I can for the last several years.
Coins really aren't a good investment vehicle largely because of the costs as-
sociated with getting in and out. But these coins were mostly all raw so the
potential loss is relatively small.

greghansen · July 19, 2003 9:34PM

Well, I don't know doodley-squat about gold, but have about 30-40 coins, mostly 63's & 64's that seem most leveraged to bullion prices. Those I consider almost entirely investment coins. Although I don't think of them as 'investment' so much since that infers an expectation they WILL increase in price. I HOPE they do, but I view them more as 'protection' coins.

ColonialCoinUnion · July 19, 2003 10:11PM

The 1794 Starred Reverse, the Jefferson head, and the 1799 Large Cent I buy in the Bowers ANA Auction will all be held strictly for investment purposes.

STEWARTBLAYNUMIS · July 19, 2003 10:30PM

tHE COIN i OWN FOR PURE INVESTMENT IS A 1963 pROOF 69 d cAMEO lINCOLN cENT. Heck if it upgrades it should be worth more than $40,000 !!!!!!

I figure it can be sold through Julian Leidman or the Eureka Trading Network

Stewart Blay

oreville · July 19, 2003 11:49PM

Stewart: ROFL! Especially your warm endorsement of Leidman and Eureka on selling the upgraded coin in its new coffin!!

oreville · July 19, 2003 11:53PM

I don't know if any of my coins are an investment? I do not expect them to earn more than 1 or 2% per year. Instead I consider my coins to be a safe store of value but not an investment.

Thye closest thing to an investment for me is the 155 buffalo silver dollars I bought from the US Mint directly in my name and my wife's name at the original $30 and $32,50 price. I have not sold them.

FatMan · July 19, 2003 11:58PM

I am holding 0 coins purely or even partly for investment. Every coin I own is PURELY a collector's coin for my personal enjoyment.

ARCO · July 20, 2003 12:25AM

I have tried to hoard super nice key date barber halves as they seem to appreciate the fastest and have a constant demand making them always popular. I love the coins so it is an investment that I can truly enjoy. I tried hoarding the 1914 with the lowest mintage and the 1897-S Picking up 5 coins in each date in mostly XF or VF grades.

For some reason I always sell them off. Maybe I am a hard core collector that I would rather have the money in the here in now to buy coins that will help me finish my set.

For the love of the hunt I am unable to hold coins as investments except as an afterthought to knowing that my core set which I love too much to sell will appreciate over the years anyway.

Tyler

Julian · July 20, 2003 12:32AM

Andy
I do not believe that the great collectors do have specific coins for investment.

They might have considered their collection as an investment, in general, but Bass or Fred certainly did not have anything outside of their collection that was a numismatic "investment".

I know that Pittman had some bulk material, but he never sold any. Norweb, Carter, Garrett? I do not think so.

I think that no specific item is a satisfactory answer.

Now, as for Stewart's 63 cent, if he does get it upgraded, I would be happy to offer it on his behalf, although to be very honest, I believe the value is extremely speculative, and not one that I would recommend that any one purchase. The nice thing about numismatics is that everyone gets to make their own decisions about their collections and the value of items added to it.

ZEBRA18 · July 20, 2003 12:40AM

My 62 sets of 1999 PCGS PR69DCAM Silver Quarters.
Call me crazy!!!!

Russ · July 20, 2003 1:01AM

<< My 62 sets of 1999 PCGS PR69DCAM Silver Quarters. >>

Damn, man! And I thought I was bad with Accented Hairs! Take note, everyone. I'm not the only nut at the forums!

Russ, NCNE

ER · July 20, 2003 1:12AM

<< First, don't bother answering if your answer is "None". >>

ZEBRA18 · July 20, 2003 1:22AM

<< 

<< My 62 sets of 1999 PCGS PR69DCAM Silver Quarters. >>

Damn, man! And I thought I was bad with Accented Hairs! Take note, everyone. I'm not the only nut at the forums!

Russ, NCNE >>

Russ,
There aren't many hobbies out there that one can be this crazy AND harmless at the same time!!

topstuf · July 20, 2003 1:59AM

My COLORIZED silver eagles. They are LIMITED EDITIONS and, like all Franklin Mint "collectibles" sure to be a cherished family possession and beautiful to look at for all eternity.

Well.....I'm.....foolin.....em. I am gonna bide my time and POP em on the market after they STOP MAKIN EM in 40-50 years and become filthy rich from the folks who MISSED OUT.

An they said I had no brains.

cladking · July 20, 2003 6:25AM

<< My 62 sets of 1999 PCGS PR69DCAM Silver Quarters. >>

That sounds more like a speculation. ...A very interesting speculation at that!

MrEureka · July 20, 2003 6:44AM

Although I am not currently holding any coins purely as an investment, I have done so in the past and will do so again.

For example, I loaded up on colonials when I heard that PCGS was planning to start grading them. (Unfortunately, I sold too soon.) I am also planning to INVEST in some nice original PDS commem sets in the hopes that NGC's new set holders will impact the market for the coins. Although I like these coins, they have NOTHING to do with my current collecting interests.

coingallery2 · July 20, 2003 6:57AM

130+ 1921-P half dollars graded between AG to MS64

ldhair · July 20, 2003 7:23AM

<< I consider my coins to be a safe store of value but not an investment. >>

Amen.

mojorizn · July 20, 2003 7:30AM

I've been accumulating common AU & MS Liberty gold, as those of you who are familiar with some of my previous posts are probably aware. But I do focus on the lower mintage coins.

My Certified Buffalos and circ. Barber coins are strictly for my own enjoyment. Don't care if they aren't worth a nickel!

Mojo

MikeKing · July 20, 2003 7:31AM

I sold all my investment coins; generic gold; about three weeks ago, so I could buy a 'real' coin, also gold, but very high grade, very highly priced, which has now become another investment coin...along with all those others in my collection, that I overpaid for.

291fifth · July 20, 2003 7:31AM

Lincoln looks at Kennedy pennies.

khayse · July 20, 2003 7:44AM

All my expensive coins I buy telling my wife that they are "investments".

-KHayse

Shamika · July 20, 2003 9:23AM

khayse,

I'm with ya all the way!

mercurynut · July 20, 2003 9:32AM

High quality proof cons form the 1936-1942 era. I purchased a few of them and most have tripled in price.

MrEureka · July 20, 2003 9:36AM

High quality proof cons form the 1936-1942 era. I purchased a few of them and most have tripled in price.

Why do you still own them?

jom · July 20, 2003 9:45AM

<< What coins are you holding PURELY for investment purposes? >>

None.

<< First, don't bother answering if your answer is "None". >>

Whoops!

jom

coinkat · July 20, 2003 9:48AM

There was a thread that was started about 7 months ago in which a boardmember asked which coin(s) will increase the most in 2003 and the price limit was either $2000 or $2500. Even though that is a different question than yours Andy, it may provide some insight into your question. I suggested the 1892-S Morgan graded AU. The reason? There are not enough UNCs to go around and most of what looks slabbed is not orginal or that attractive. Demand and searching for quality should move this one higher...

I provide the aforementioned answer as a substitute for none

What coins are you holding PURELY for investment purposes?

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