desertgolddigger
Bronze Member
- May 31, 2015
- 1,102
- 2,116
- Detector(s) used
- Bounty Hunter Time Ranger
- Primary Interest:
- Prospecting
You have to realise that except for a few cases like West Point Mint, Proof and Special Mint Set coins are made in high quantities, and unless you collect PF70, the rest of those proofs and SMS coins are very common in grades 68 and 69. Most are marked up, or have gimmick labels that add no value. I feel you're wasting your money if you collect these proofs/SMS coins.
Your best bet is to concentrate on coins before Lincoln Cents, and collect the highest quality coin you can afford, then be willing to hold those coins until after you retire. I speciaised in US braided Hair Large Cents (1839-1857) varieties. Some were in the top 10 graded for that variety. But I had to sell early, and took a beating, only getting about 70 percent of the value. If I'd held on for another 20 years I would've probably broke even, or even made a little money.
Collecting coins is a long term investment, and you have to collect the right coins. My opinion is to spend a lot of time searching for the best coin you can afford. Don't compromise. Better to wait several years for the higher grade specimen you want, than purchasing a filler, unless the variety is super rare.
Best wishes in your quest for the best
Your best bet is to concentrate on coins before Lincoln Cents, and collect the highest quality coin you can afford, then be willing to hold those coins until after you retire. I speciaised in US braided Hair Large Cents (1839-1857) varieties. Some were in the top 10 graded for that variety. But I had to sell early, and took a beating, only getting about 70 percent of the value. If I'd held on for another 20 years I would've probably broke even, or even made a little money.
Collecting coins is a long term investment, and you have to collect the right coins. My opinion is to spend a lot of time searching for the best coin you can afford. Don't compromise. Better to wait several years for the higher grade specimen you want, than purchasing a filler, unless the variety is super rare.
Best wishes in your quest for the best