What is the best coin if you just want the investment

Something slabbed and in mint state. For $500 I'd buy a gold $1 piece or a really nice Carson City Morgan silver dollar.

For a small investment collection I'd go with type coins, again in slabbed mint state. Who doesn't eventually need a half dime or three cent silver? Some of the less expensive coins in key dates may be a good investment, say a 1921 or 21-D Mercury dime (though it's not Mercury. It's Lady Liberty portraying freedom of thought according to the designer).

Key dates
http://forum.treasurenet.com/index.php/topic,72365.0.html

What appeals to you? I would love to have a bright shiny MS-60 1853 large cent (maybe $350), but I'm odd in that I really like large cents. An investment in something you like pays off twice.

Nobody can afford an 1895 or 1895-S Morgan, so the 1895-O is always a good investment in the EF or higher grades.

A superior 1932 Washington quarter would hold up.

This all said, I'll probably never get rich with the few coins I have, but they are satisfying to review and peruse occasionally.
 

PS - If you don't buy slabbed spend part of that money in a Red Book and a Photo Grading Guide. I buy recent used Red Books when I see them and actually prefer a good line-drawing grading guide (my favorite is a 1964 edition Brown & Dunn guide) to most Photograde books.
 

if i were to do that i would buy the nicest 1916-D Mercury dime i could find. Its a key (THE key for mercs) in a popular series so its value would most likely never go down.
 

1877 indian cent high grade
3 cent silver high grade
09s vdb high grade
 

I'm not sure why I thought of this, but a 1857 or 1858 flying eagle penny in as high a grade as you could find would probably be a steady riser. It's the difinitive type coin and once you see a mint state one it ruins the ones you see dug ever after. Just a beaytiful little coin.

That's another "risk". If you get into coin collecting you'll still be happy to find vintage coins, but it will break your heart to see so many Good or About Good) coins that would be worth real bucks in the better grades. Makes you cynical. Coins are graded on a 70 point scale, and the last 15 points can mean the difference between a 50 and 5,000 dollars coin . . . and then you determine yours is 8 out of 70 and is worth $3.

But that's $3 more in coin than you had a hole in the dirt earlier so don't lose heart.
 

I'd split into two coins, heck, maybe even more. Like stock. I'm not going to suggest what coin/s, but as with stock, one item will go up. Multiples, even if worth less, could bring in more in the long run. Think of a $500 coin going up $4 dollars and then think of 6 coins going up $0.80 each over the course of an imaginary time frame. Predicting value and demand on a coin is the tricky part.
 

wELL LETS SEE NOW. i HAVE BOTH A 1909SVDB LINCOLN IN VF CONDITION AND A 1877 iNDIAN HEAD IN F CONDITION. i REALLY NEED A 1909S INDIAN HEAD TO COMPLETE MY COLLECTION
 

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