Help me invest

[tnfishdaddy]

I have a water cooler bottle I have been filling with pennies for a few years and after looking at it today, I thought to myself, why? I have decided to roll them all and buy something that might actually make me some money one day. I am wondering, what would everybody buy if they had a little spending money to waste. Should I invest in gold coins, silver, what? I need some guidance oh wise ones.

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[Michael Karr]

SILVER,,,,,,,,,,,,,,,,,MIKE

 

[tnfishdaddy]

Would silver eagles be a smart buy? Don't know much about them. Looked on ebay and there seemed to be a lot of different prices for them. What should I look for?

 

[tnfishdaddy]

Alright. Rolled the pennies and came up with 10,950 pennies. Not bad. Was hoping for a few more but I will take it. Went by my local coin shop to look around a little. Owner was not there and his dad said he had all the good stuff locked up. He asked me what I was interested in. I told him I wasn't real sure, some sort of silver. He showed me some one ounce silver coins that where Christmas(?) coins. They had 2006 on them and had something to do with Christmas. Didn't look too closely. He said that his son would probably turn lose of them for just under melt value. Would this be a wise investment or should I get some other actual silver coins? He had some silver eagles that sure were pretty. Help me spend my money.

 

[SteveDodds]

Myself I wouldn't buy silver. I actually sold ALL mine bout a month ago when silver hit $15 an ounce. Two choices in your price range are listed in a book called The One Minute Coin Expert by Scott Travers. Travers is a well known person in the field of coins. The first is:The certified business strike United States "generic" gold coins. I bought one of these after I read this book. I bought an 1854 one dollar gold coin in grade very fine 20 for $120. It now has a book value of $160 The second is:Franklin half dollars graded Proof66 or Mint State 66 or higher. I have purchased several of these any where from $55 to $300. If you can acquire this book at a library or something the chapter entitled Scott Travers' Secret Top Twelve starts on page 229. If you know nothing about coins I suggest finding somone that does and ask them to go shopping with you. If you can find someone who knows A LOT then I suggest Ebay. Some wonderful deals can be made there if you and your helper use your brains. For example I purchased a certified 1961-D Franklin graded MS65 on Wednesday. I paid $65.01. It has a book value of $300. But be very very weary of scabs selling junk on ebay that just wanna rip you off and take your $. They are few and far between but they are out there. If you need a coin price guide go to http://www.pcgs.com/prices/ Welcome to a fun and potentially very profitable hobby. If you have mre questions then let em rip. Good luck and let us know what you end up doing.

 

[djui5]

if you wanna invest in coins, get gold coins or CC "Carson City" coins. They always retain or increase their value. Scouring e-bay is a great idea as sometimes you find someone with a coin who is unsure of the value. BIN is your friend in this case

 

[zaweiss]

I have been buying:

Silver Eagles (1 Troy oz-Silver)
Roosevelt Dimes (90% Silver-about $1 worth of silver each)
Mercury Dimes (90% Silver-about $1 worth of silver each)
War Nickels (35% Silver-about $.75 worth of silver each)

I'm sure that there are much better ways to invest in silver, but I really enjoy buying mixed lots of 25-30 dimes or war nickels at a time on ebay. There are some people on there that have ZERO knowledge about coins who are selling them just to make a quick buck and you can really come out smelling like a rose on some of these kind of deals! I have lucked into some beautiful coins for cheap!

I plan on getting a few hundred bucks worth of Silver hoarded then I am gonna slowly turn the silver around to begin investing in gold. Gold would be my first choice if I had more money!

 

[lonewolfe]

Buy/invest in "key coins or semi key coins" and you won't go wrong.
(Gold or silver - doesn't matter)

Stay away from "bullion" gold and silver as it is and always will be ONLY worth its weight and you can lose a lot of $$$ playing around with that junk.

That's the best advice I can give anyone - take it or leave it!

Good luck and HH

 

[Ricardo_NY1]

My advice...........do not rush into collecting anything. You can invest your money in coins or you can invest your money in paper currency, but both will require that you begin to do some research. As a start, stay away from high price items. These are the ones that most scammers concentrate on. Start with inexpensive items that if for some reason something goes wrong, your loss is minimal. As an example, if you were to invest some of that dough in paper currency, your best bet would be to begin with some 1935 series $1 Silver Certificates. They can be had for $7-$12 in uncirculated condition. As you become familiar and more knowledgeable, you can slowly begin to venture into bigger investments. Research, research, research my friend. Go online to Heritage Auctions where they have those big and clear photos and inspect the material. Learn how to grade what you are dealing with. Use any graded examples you may have as a guide and comparison to future acquisitions. Read everything and anything you can get your hands on. Go on Ebay and do a completed listing search and see what the high and low selling prices are. You may notice trends. And as in every collectable item, find out how much of it is out there. Low productions and rarity will normally assure the investment value. It's quantity vs demand in every aspect and even with a low quantity, there has to be demand. Low quantity only assures value when there is a demand. Tough to predict what that will be.

 

[Daniel in NC]

There is a common denominator with investing, whether it be in coins, stocks or bonds...and it is research. You wouldn;t put you money in XYZ stock without knowing first what it is. If you can get your hands on an older edition Red Book and compare the prices with the prices of coins in the new 2007 red Book you may see a trend in certain coin values. I haven;t ever bought any coins from a coin dealer and prefer to buy from individuals. The est thing about investing in coins is that you can take them out onc ein awhile and admire them unlike other types of investment. Good luck.

Daniel