Investing in Coins - advice / opinions

[zaweiss]

Hey all,

I am relatively new to SERIOUS coin collecting, so bear with me here! (I collected buffalo nickels as a kid, but nothing too valuable or out of the ordinary!)

Is it worth a person's time and money to invest in coins? (Silver / Gold)

What coins are a good value? (Dollars, halves, etc. etc. etc.)

What coins have went up in price rapidly?

I know some of you guys and gals have been involved in this kind of thing for many, many years and I would really appreciate some advice!

Zach

 

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[lonewolfe]

Whatever you do - don't buy into those basement slabbed JUNK coins sold on ebay by the 1000s claiming to be worth 40,000/etc. per lot of like 20 coins/etc.

that's the biggest scam running on there presently and a joke to say the least!

People (inexperienced idiots) are buying the crap by the truck-loads but are being taken for a ride and don't even realize it!

If you buy professionally graded coins - be sure they're certified by PCGS or NGC or ANACS and just laugh at the rest or you'll be sorry and wasting your $$$ right along with the rest of those dummies throwing their $$$ away! lol

 

[djui5]

Yes, it's very worth someones time to invest in coins. It's a great market. What you should do is really learn the key dates, dates that are worth a lot of money, then go scour yard sales, flea markets, e-bay (sometimes people don't know what they have), antique shops looking for good coins at a cheap price, then have them graded by PCGS, and resell them.

First thing you need to do is get a 2007 Red Book. Then pick a coin, like the half dollars, and look through the dates. Note the dates with really high prices. You'll see, they'll stand out more than others. Now once you've memorized those dates, go try to find those coins. A lot of times the Red Book tells you the key dates, and explains a lot about coin condition, etc.

Have fun, it's a great "hobby"

 

[snake35]

The first thing you should do is research! Your public library should have coin books that you can check out. The newer price guides are in the reference section. Coin world is a excellent publication also. Good luck.