If you had $10K to buy coins right now, what would you be buying?

phantom1701 · July 17, 2008 3:22AM

I pose this question as a hypothetical, but it may be a reality for me soon as I'm looking at pulling money out of my munnies and putting it into more coins and/or metals. I'm usually a common date, common grade gold kind of guy. I like the Libs and Saints that I can get close to spot. I'm also into silver bullion and moderns (I know, I know....that worthless modern junk).

Anyway, if it were you where would you park the $10K today that you feel would bring a nice return over the next couple of years? Would you swing for the fence and go for one or two rare, high grade coins or go for more quantity than quality right now?

Looking forward to everyone's opinions on this.

rgCoinGuy · July 17, 2008 3:25AM

I would buy a 100 ounce silver bar for approximately 20% of it.

SilverEagles92 · July 17, 2008 3:26AM

I'd buy draped bust coinage... $1s, Half Dollars, Quarters, etc. Maybe even some Flowing Hair thrown in for good measure.

dorkkarl · July 17, 2008 3:27AM

i would'nt buy coins if $$$ gain is the goal

K S

rhedden · July 17, 2008 3:27AM

Bust and Seated quarters.

BECOKA · July 17, 2008 3:32AM

I'd get RYK's old 1838-D Half Eagle.

jmski52 · July 17, 2008 3:35AM

I'm not in a particular hurry to do so, but I am currently "averaging in" with some of the 1/2 oz. and 1 oz. Plats that I need to make a collection out of my accumulations.

Aside from that, I think that Mr.EarlyGold's suggestion to buy some silver dimes and/or quarters - makes pretty good sense at this moment in time.

I'm also trying to "keep some powder dry" for 2009, although the fractional gold Buffalos might prove to be too tempting, depending upon the Mint's premiums vs. gold spot once they are on the market.

BECOKA · July 17, 2008 3:38AM

<< I'm not in a particular hurry to do so, but I am currently "averaging in" with some of the 1/2 oz. and 1 oz. Plats that I need to make a collection out of my accumulations.

Aside from that, I think that Mr.EarlyGold's suggestion to buy some silver dimes and/or quarters - makes pretty good sense at this moment in time.

I'm also trying to "keep some powder dry" for 2009, although the fractional gold Buffalos might prove to be too tempting, depending upon the Mint's premiums vs. gold spot once they are on the market. >>

Looks like $2200 per four coin set. I'll be getting one, just have to see a nickel sized gold buff.

mrearlygold · July 17, 2008 3:40AM

XXXXX XXX XXXX XXXXX as we're approaching a momentous time which won't be duplicated for another 50 years after it starts.

jmski52 · July 17, 2008 3:44AM

A little extra cash might just come in handy, even if it is worth less.

BBQnBLUES · July 17, 2008 3:48AM

If you insist on buying "metal", I'd buy a USED TL-30 Safe & put the rest of that 10K into Euros !

ambro51 · July 17, 2008 3:55AM

Of course everyone who answers this question will be influenced by their own particular 'direction of collecting'

I would say based on historic returns that going with a proven winner would be a good idea. Quality in my mind far overshadows quantity....and that means PCGS slabbed coins.

What I would suggest would be the 1909 S VDB, in MS64RD. For 10K you *may* be able to buy three, but that would probably get you low end coins that may have some spotting/weak strike issues. However, if you could find TWO full details problem free coins, in OGH's with a CAC sticker on them....that would be under your budget yet give you a solid investment.

10K will get you a very nice 14D also, which is actually a much more scarce coin than the SVDB but dosent have the legend status that will ALWAYS draw collectors to 09.

A 22 Plain strong reverse, with some red still showing, would be a great buy but you probably wont find one.

SilverBaron · July 17, 2008 3:56AM

.........5 nice MS-63 Saints and 2 100 oz. Engelhard bars........

"Should" make a nice return in the next 24 months....AND.... the ultimate in liquidity should metals spike up and/or if you find that you need the funds....

copperfan · July 17, 2008 4:02AM

1909svdb (popluar, but very plentiful)
1909vdb mpl (if you can find one for this price anymore?)
1911-D Lincoln (Keeper)
1914-D Lincoln (Key date)
1924 Lincoln (Underated)
1926-s Lincoln in 63RB or better (Hard to find with a great strike and a keeper)
1793 Chain cent (need I say more)

Or you can go the PM route, or even the dirty old gold way. Really anything that fancies your interest. JUst buy what you like, and like what you buy.

Cladiator · July 17, 2008 4:03AM

Skip the coins and pay off debt.

Raybob15239 · July 17, 2008 4:04AM

I'd buy the highest grade I could get of each of the following coins:
1881CC Morgan
1894 P Morgan
1893 S Morgan

These are the last coins I need to complete my set.

Of course, if I had $10k in my hand right now, I wouldn't spend it on coins, but instead pay down my debts.

sanitarium1inmate · July 17, 2008 4:06AM

I'd buy a ryedale and sort a lot of copper pennies for my hoard.

Cnitas · July 17, 2008 4:27AM

I would finish my dansco 7070 with the addition of the gold page.

stockwiz · July 17, 2008 4:33AM

put it in bank or buy gold/silver wait for real estate market to cool off more

CoinAuctionsHelp · July 17, 2008 4:38AM

I would invest this in coins and advertisements for my business, and would at least double my money in a year. Then I would start paying down a few debts. I would also send about 200 coins to PCGS after I get the latest batch back, but I might still do that if PCGS is kind to my coins.

GFourDriver · July 17, 2008 4:43AM

I'd fill the last couple of holes in my 7070.

pitboss · July 17, 2008 4:44AM

All of the 08 rev 07 graded 70 that I could find

PerryHall · July 17, 2008 5:07AM

Double eagles---Saints and Libs.

Arizonadesertrat · July 17, 2008 5:14AM

AU55-58 Capped Bust quarters
AU58 Seated Liberty dollars

Elcontador · July 17, 2008 5:21AM

I like the idea of paying down debt or letting it sit in cash right now. Any coin you are going to find out there now is either going to be low end for the grade, or if it's nice, you're going to have to throw away the sheets and pay through the nose for it.

Unless you can get first shot at something nice before it gets to the dealers, I'd tell you not to buy any coins right now.

tincup · July 17, 2008 5:25AM

Forget coins with much premium.

Pay off debt.

Keep some cash available.

Silver bars, modern gold commem $5 at bullion price, decent circ silver dollars near melt, and gold $10 and $20 for very little premium.

TrainNut · July 17, 2008 5:30AM

I would buy bust coins.

mrearlygold · July 17, 2008 5:36AM

<< If you insist on buying "metal", I'd buy a USED TL-30 Safe & put the rest of that 10K into Euros ! >>

Or Yuan might even be better and get the TL-30 that shoots nerve gas at anyone who tampers with it. They'll be floppin on the floor like mackeral outta the water for a day or so

09sVDB · July 17, 2008 5:44AM

If making money is the only goal I would not buy coins. If forming a nice collection is I would buy nice certified(NGC or PCGS) type if you can find it.

droopyd · July 17, 2008 5:48AM

<< 1909vdb mpl (if you can find one for this price anymore?) >>

Gemineye · July 17, 2008 5:50AM

....$10 Grand on a coin.......

.......If I can squeeze just a few more grand I can get a nice Cheerio's Sac.... !!!!

TJM965 · July 17, 2008 5:53AM

Only 1 Thing for me to buy. The coins that are scarce and beaten down. Classic commens.

notwilight · July 17, 2008 5:56AM

<< I would buy bust coins.

>>

I'd be tempted to get some bust too.

zeebob · July 17, 2008 5:57AM

I personally would buy a nice classic head 1/2C and look to see if I could find a nice AU-58 classic head 1C - but that's just me.

I might recommend to others:

10C 1916-D
1C 1909-S VDB
5C 1937-D 3-Legger

Pick one, buy the best you can afford.

PerryHall · July 17, 2008 6:05AM

Many of you guys aren't answering the OP's question. Go back and read it. Some of us don't have any debt.

copperfan · July 17, 2008 6:07AM

I know some will say buy the best you can, I agree. I would buy 2 really, really cool coins and smile.

DoubleEagle59 · July 17, 2008 6:13AM

any type of Gold coin

Cladiator · July 17, 2008 6:23AM

<< Many of you guys aren't answering the OP's question. Go back and read it. Some of us don't have any debt. >>

The OP says nothing about not having debt.

Gemineye · July 17, 2008 6:24AM

<< Many of you guys aren't answering the OP's question. Go back and read it. Some of us don't have any debt. >>

Well......!!!...Re-reading the the whole question of the poster.....I would just forget it....!!!!......

copperfan · July 17, 2008 6:27AM

Whats the question again?

RedTiger · July 17, 2008 6:38AM

<< I pose this question as a hypothetical, but it may be a reality for me soon as I'm looking at pulling money out of my munnies and putting it into more coins and/or metals. I'm usually a common date, common grade gold kind of guy. I like the Libs and Saints that I can get close to spot. I'm also into silver bullion and moderns (I know, I know....that worthless modern junk).

Anyway, if it were you where would you park the $10K today that you feel would bring a nice return over the next couple of years? Would you swing for the fence and go for one or two rare, high grade coins or go for more quantity than quality right now?

Looking forward to everyone's opinions on this. >>

I'd buy what I know. In your case, it seems like it is classic gold for close to melt or modern bullion or modern commems. I'd go with that. You likely already have a decent idea on what these coins go for, and what is a good deal or not.

It is tricky to buy quality if you don't have the experience and expertise to shop for quality. Plenty of full retail dealers have some average coins looking for a home. A novice often ends up with those, not the real stuff. If you are interested in branching out, go slow, and ask questions, listen and learn before spending the big money.

droopyd · July 17, 2008 6:42AM

If I had 10k I would buy Lincolns....

1909-S VDB in 64RD
1914-D in AU
1922 "no D" in XF
1955 DDO in 63RB
1972 DDO in 65RD

I think that would max out the 10K and require a little extra in addition -- this would be more for my own satisfaction rather than price appreciation, but I would expect values on these to increase.

TJM965 · July 17, 2008 6:42AM

<< Many of you guys aren't answering the OP's question. Go back and read it. Some of us don't have any debt. >>

I believe I answered the question correctly. What did I win???

FullStrike · July 17, 2008 6:44AM

All the nickels I could get.

Any date, any condition, bags rolls, pallets, whatever.

As long as they were at face value.

OPA · July 17, 2008 6:52AM

<< i would'nt buy coins if $$$ gain is the goal

K S >>

CLCT $7.98 +0.87 12.24% gain ... Div. yld 9%

123cents · July 17, 2008 6:59AM

Large size bust quarters.

Gemineye · July 17, 2008 7:02AM

<< 

<< Many of you guys aren't answering the OP's question. Go back and read it. Some of us don't have any debt. >>

I believe I answered the question correctly. What did I win???

>>

Here's your prize...

eyoung429 · July 17, 2008 7:45AM

I would buy 500 Morgans and hide for a while sorting VAM's.

charley · July 17, 2008 9:03AM

Consider the rest of the world and the wonderful coins that can be had, with expert advice. Respectfully, John Curlis

derryb · July 17, 2008 10:21AM

Low priced gold spouses graded (PCGS or NGC) at 69 or less. You get a certified gold coin close to melt with gold on its way up.

Bjorn · July 17, 2008 11:20AM

Well, I can't quite afford a high grade Gobrecht dollar for that price, so I would have to either go with patterns, preferably the William Barber 1870 dollar type, or some world coins - ancient greek, maybe the Italy 5 lire from 1911 or a few German mining thalers.

If you had $10K to buy coins right now, what would you be buying?

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