What are coins from $2,500-$6,000?

llafoe · June 20, 2011 4:26AM

What do you consider coins that range from $2,500 to $6,000?

I'd like to see how each of us view coins in this price range... specifically, if you think they're collector or investor coins.

airplanenut · June 20, 2011 4:29AM

It depends on how much money you have and what you choose to collect. The more expensive the series and the more money someone has, the more expensive an "entry level" can be due to the decreased problems if the money is lost to education.

LotsoLuck · June 20, 2011 4:29AM

Someone elses?

llafoe · June 20, 2011 4:31AM

<< Someone elses?

>>

Don't worry... things will change when you turn 18!

291fifth · June 20, 2011 4:32AM

Too expensive for me.

STONE · June 20, 2011 4:39AM

<< Too expensive for me. >>

Pushing the limit for me!

Baley · June 20, 2011 4:39AM

does not compute... categories are not mutually exclusive.. there are coins and buying intents that transcend price.

LotsoLuck · June 20, 2011 4:40AM

<< 

<< Someone elses?

>>

Don't worry... things will change when you turn 18!

>>

If that is in reference to a mental state it may never happen

Sonorandesertrat · June 20, 2011 4:44AM

<< does not compute... categories are not mutually exclusive.. there are coins and buying intents that transcend price. >>

But...will $6K buy a really cool, hard to find, eye appealing, historic coin today? No

llafoe · June 20, 2011 4:46AM

<< Will $6K buy a really cool, eye appealing, historic coin today? Yes

>>

Everyone knows hard-to-find starts at $6,100!

Broadstruck · June 20, 2011 4:48AM

<< 

<< 

<< Someone elses?

>>

Don't worry... things will change when you turn 18!

>>

If that is in reference to a mental state it may never happen

>>

mrearlygold · June 20, 2011 4:48AM

Depends on the series!

Sonorandesertrat · June 20, 2011 4:50AM

<< 

<< Will $6K buy a really cool, eye appealing, historic coin today? Yes

>>

Everyone knows hard-to-find starts at $6,100!

>>

For 'custom-order,' Shanghai-mint products, maybe.

COALPORTER · June 20, 2011 5:00AM

<< Depends on the series! >>

Exactly! For some coins, that money will get you a bad problem coin that will make you sorry u were born. For other coins, this amout would be stupid money- example modern proof Ike, Franklin halfs, again you will be sorry. For some coins, like seated halfs, trade $, you can begin to get some real nice keepers to be proud of and allot of collectors would want.

Bear · June 20, 2011 6:13AM

Anything over one million dollars just leaves TDN and Myself. It is just

pocket change to us.

MrHalfDime · June 20, 2011 6:16AM

I don't even agree with the premise of the question, but if I do understand you correctly, Airplanenut and Baley have pretty well covered this.

roadrunner · June 20, 2011 6:22AM

This is why when offered a coin for under $6,000 I ask my retail dealer to jack the price up so it can become an "investor" coin.

roadrunner

MrEureka · June 20, 2011 6:31AM

But...will $6K buy a really cool, hard to find, eye appealing, historic coin today? No

If that were true, I'd be a very wealthy man! (I have lot of "really cool, hard to find, eye appealing, historic coins" in my collection that I value at far, far less than 6K a pop.)

LindeDad · June 20, 2011 7:13AM

In one of my sets your $6000 coins can either be won't make minimium bid, or buy the TOP POP for that date and mint mark.
There is a reason there is a empty hole in my Half Dollar type set.

kiyote · June 20, 2011 7:17AM

It's an abstraction! If people started going after 1970 No S proof dimes with a tenth as much craze as 16-D Mercuries they'de be $10k coins. As of now, you can get them for under 1k.

BillJones · June 20, 2011 7:20AM

I consider many coins in the $2,500 to $6,000 range to be nice material UNLESS you are looking at some better early coins, like Chain Cents or Wreath Cents. Then you are looking at mediocre to poor coins at best. Those pieces are now well into the five or six figures before you get something that is even approaching outstanding.

In the good old days where I was building my set of early coins, this range was the “sweet spot” for many collectors. In fact $6,000 was on the high side. For most things $2,500 to $5,000 per coin bought a lot of nice material. Today the range has gotten into the five figures.

BBN · June 20, 2011 7:20AM

<< 

<< Depends on the series! >>

Exactly! For some coins, that money will get you a bad problem coin that will make you sorry u were born. For other coins, this amout would be stupid money- example modern proof Ike, Franklin halfs, again you will be sorry. For some coins, like seated halfs, trade $, you can begin to get some real nice keepers to be proud of and allot of collectors would want. >>

Nice early dollars and some 20th century mint state keys can also be had in this range.

tcmitssr · June 20, 2011 7:24AM

I consider every coin I have as an investment coin. I purchase each of them with what they will, ultimately and likely, be worth in mind. When you start talking about four figure to the right of the decimal point and above......they better be investment and not "collector coins," IMHO unless you are a high level multi-millionaire.

llafoe · June 20, 2011 7:29AM

I was interested to see how a coin valued between $2,500 and $6,000 would be identified by the members of this forum... as a collectible or an investment. Since this forum has beginners, seasoned and expert collectors, I wanted to see how individuals perceived that range. If you're a beginner; it will mean one thing to you... if you're an expert; it will mean another thing to you. If you're TDN... it will be your minimum bid at the Baccarat table!

thisnamztaken · June 20, 2011 7:30AM

<< What are coins from $2,500-$6,000? >>

Coins that eBay will zap you about $250.00 - $600.00 FVA fees when they sell, not to mention listing fees and PayPal fees!

BillJones · June 20, 2011 8:05AM

<< I was interested to see how a coin valued between $2,500 and $6,000 would be identified by the members of this forum... as a collectible or an investment. Since this forum has beginners, seasoned and expert collectors, I wanted to see how individuals perceived that range. If you're a beginner; it will mean one thing to you... if you're an expert; it will mean another thing to you. If you're TDN... it will be your minimum bid at the Baccarat table!

>>

When you pay considerable sums for coins they are an investment in a sense, but my "real" investment money does not come into play with my collection. The 401 K and other money that my wife and I have set aside stays in conventional investments.

I rarely if ever buy a coin as an "investment." I buy it becasue I want it as a collector. As a collector I stay away from low grade junk and problem coins. Oddly enough investing that way has worked well for me over the years.

TennesseeDave · June 20, 2011 8:07AM

Out of my league so far.

GRANDAM · June 20, 2011 9:16AM

"What do you consider coins that range from $2,500 to $6,000?"

The High End Dealers call them "WIDGETS"

GrandAm

seateddime · June 20, 2011 9:18AM

depends on the coin, a circulated key date seated coin is a collector coin where say a 1939 S PCGS 67 Walker is a collector coin that could be an investment coin too.

Zoins · June 20, 2011 9:26AM

<< It depends on [...] what you choose to collect. >>

cladking · June 20, 2011 9:26AM

$2500 to $6000 goes a very long way in some collecting arenas and won't even make a dent in others.

I'd say it can be almost anything other than beginner level.

jayPem · June 20, 2011 9:36AM

<< 

<< What are coins from $2,500-$6,000? >>

Coins that eBay will zap you about $250.00 - $600.00 FVA fees when they sell, not to mention listing fees and PayPal fees!

>>

FVA=$100......Paypal fees will add up though if you can't find another payment method.

FilamCoins · June 20, 2011 10:39AM

If you buy coins in this range as part of a long-term diversified portfolio, but also enjoy collecting for the beauty, history, etc, are you considered a collector or an investor?

scottgardener · June 21, 2011 2:21AM

The problem with the questionaire is that it opens up the collector/investor can of worms.

The two categories are not mutually exclusive, however. Neither sre the coins that one collects and/or invests. For investment purposes, I would consider that range intermediate. Collecting is a bit more variable--it is pretty advanced for someone who collects moderns and some more affordable series, like Mercury dimes or Peace dollars. For Saint Gaudens, it is intermediate, and for early gold, it's basic at best--though early gold is itself something more for the advanced collector.

Bear · June 21, 2011 3:45AM

I believe that the price range foe an intermediate collector could be quite large.

This range might be from 1000 - 15,000 dollars and still be an intermediate collector.

15,000 - 50,000 dollars would be an advanced collector. above 50,000 dollars would

be a whale in the Vegas parlance....with deep pockets.

Bochiman · June 21, 2011 4:48AM

Where's the poll option for: "Out of my range!"?

okracer · June 21, 2011 5:42AM

If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector?

Phaethon · June 21, 2011 6:04AM

I think the classifications would be more relevant if there was a yearly salary number to reference. As we all know expensive is directly related to the size of your wallet.

relicsncoins · June 21, 2011 6:06AM

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

You're not a collector at all. Just a guy with a bunch of money buying coins. The true collector would choose the coins themselves instead of having someone else do it. The thrill of the hunt is almost as important as the coin itself to me.

barrytrot · June 21, 2011 6:34AM

<< 

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

You're not a collector at all. Just a guy with a bunch of money buying coins. The true collector would choose the coins themselves instead of having someone else do it. The thrill of the hunt is almost as important as the coin itself to me. >>

Just because someone does things their own way doesn't mean they aren't a collector.

Choosing Laura as opposed to *me* is part of the process of "selection". And there is nothing that says how one must obtain a coin to be a "collector".

If someone collects some coins, they are a collector. And if they are rich they can do it a heck of a lot easier

To *you* the "thrill of the hunt* is what you like in this hobby. For others its just having the thing they wanted. To each his/her own.

johnny9434 · June 22, 2011 3:55AM

thats a bit rich for my blood. id have to save up a long time to want that. its still a good investment thou

Bankerbob56 · June 22, 2011 4:15AM

<< 

<< I was interested to see how a coin valued between $2,500 and $6,000 would be identified by the members of this forum... as a collectible or an investment. Since this forum has beginners, seasoned and expert collectors, I wanted to see how individuals perceived that range. If you're a beginner; it will mean one thing to you... if you're an expert; it will mean another thing to you. If you're TDN... it will be your minimum bid at the Baccarat table!

>>

When you pay considerable sums for coins they are an investment in a sense, but my "real" investment money does not come into play with my collection. The 401 K and other money that my wife and I have set aside stays in conventional investments.

I rarely if ever buy a coin as an "investment." I buy it becasue I want it as a collector. As a collector I stay away from low grade junk and problem coins. Oddly enough investing that way has worked well for me over the years. >>

Well put Bill! I agree with your position entirely.

Bankerbob56 · June 22, 2011 4:19AM

<< 

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

You're not a collector at all. Just a guy with a bunch of money buying coins. The true collector would choose the coins themselves instead of having someone else do it. The thrill of the hunt is almost as important as the coin itself to me. >>

Exactly! That's why I don't understand why people buy complete sets from a retailer! I read recently where QDB asked his secretary to begin assembling him a high grade Walker set, all with CAC stickers! How is that any fun as a "collector?"

Sonorandesertrat · June 22, 2011 4:32AM

<< 

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

You're not a collector at all. Just a guy with a bunch of money buying coins. The true collector would choose the coins themselves instead of having someone else do it. The thrill of the hunt is almost as important as the coin itself to me. >>

Bankerbob56 · June 22, 2011 5:22AM

<< What do you consider coins that range from $2,500 to $6,000?

I'd like to see how each of us view coins in this price range... specifically, if you think they're collector or investor coins. >>

Keeping with your traditions..... I would call them "your ex-wife's coins!"

lcoopie · June 22, 2011 5:25AM

definitely not beginner level coins
definitely not advanced level coins

Bankerbob56 · June 22, 2011 5:30AM

<< definitely not beginner level coins
definitely not advanced level coins >>

Definitely!

BAJJERFAN · June 22, 2011 5:36AM

<< I was interested to see how a coin valued between $2,500 and $6,000 would be identified by the members of this forum... as a collectible or an investment. Since this forum has beginners, seasoned and expert collectors, I wanted to see how individuals perceived that range. If you're a beginner; it will mean one thing to you... if you're an expert; it will mean another thing to you. If you're TDN... it will be your minimum bid at the Baccarat table!

>>

I would think an investment coin would be say $25K minimum. Take the 1895-S Morgan which in ms65 is approaching $25K. Would this be a good investment coin? Even in ms65 it isn't rare although PQ examples might be scarce. Its closest competitors the ms63 and ms64 are about $6K and $7.5K respectively. Most collectors would like to have a 65, but many will settle for a nice 3 or 4 if they are on a budget.

BAJJERFAN · June 22, 2011 5:38AM

<< 

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

You're not a collector at all. Just a guy with a bunch of money buying coins. The true collector would choose the coins themselves instead of having someone else do it. The thrill of the hunt is almost as important as the coin itself to me. >>

That is a lot like a big game hunter who hires a guide to find a Bighorn sheep, flies in on short notice and shoots it and then leaves for his office. Not much of a hunter IMO.

BAJJERFAN · June 22, 2011 5:42AM

<< If I am worth $500 million, brand new to collecting, and I tell someone qualified (ie, Laura) to buy me 10 outstanding coins at $100,000 each, am I an entry level or an advanced collector? >>

Yer a spoiled rich brat!!

but Laura would be more than happy to collect for you I'm sure.

TwoSides2aCoin · June 22, 2011 6:32AM

expensive widgets for blind investors.

What are coins from $2,500-$6,000?

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