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RyanAKL
Penny Pincher Member
USA
224 Posts |
 Posted - 04/08/2009 : 21:36:55
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Just wondering what you guys think about this, is it worth it in the long run to invest in (for an example) SAE ms-69 or just silver bullion. are the graded silver eagles going to be a good investment down the road? not just there silver value.
BTW, all the silver eagles i have graded are NGC MS-69
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/09/2009 : 05:26:54
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quote:
Originally posted by RyanAKL
Just wondering what you guys think about this, is it worth it in the long run to invest in (for an example) SAE ms-69 or just silver bullion. are the graded silver eagles going to be a good investment down the road? not just there silver value.
BTW, all the silver eagles i have graded are NGC MS-69
not any time soon in my opinion. i would buy first high demand graded coins like morgans, saints, even LMC's since they are high demand. for example, in the last year you are seeing bulk cents go from about 3 cents each to 5 cents each. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 04/09/2009 : 06:31:39
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I buy high grade (63+) Morgan Dollars that are not officially graded. Unless you pay for top-tier grading services, no one will care what your coin is labeled. I don't think that you necessarily have to have them graded for them to be an investment. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/09/2009 : 10:12:21
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quote:
Originally posted by kieblera5
I buy high grade (63+) Morgan Dollars that are not officially graded. Unless you pay for top-tier grading services, no one will care what your coin is labeled. I don't think that you necessarily have to have them graded for them to be an investment.
how much do you pay for those? about 2x spot? (i'm just guessing).
so implicitly you are making a decision that an ms-63 coin is better than 2 AG-G morgans.
for morgans and saints and other high demand coins, that is probably a decent bet. although if shtf then you may need to sell them at 1x. if inflation picks up, you will likely come out ahead than if you had invested in 2 AG-G coins. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/09/2009 : 11:56:16
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I look at it this way....if TSHTF with a complete currency collapse, not many people are going to care that your 1888 Morgan Dollar is graded MS-64 by PCGS or NGC. So in that case, you are better off with 2 AG-G Morgans.
Also, it's easier to resell "junk" silver than it is for coins slabbed by one of the coin grading companies.
I dont think there is any right or wrong answer. It depends on your risk tolerance and what you think will happen down the road. Personally, I am staying away from graded coins, and higher ticket numismatic items and focusing on getting my preps in order...PM's, food, water, ammo, medical necessities, toiletries and so on (not necessarily in that order) but each person needs to do their own due diligence and decide what's best for them. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/09/2009 : 15:26:55
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| i think we are eventually going to switch to hyperinflation very suddently. in the early part of it things like the stock market and collectibles will do well. but you will need to get out quickly. that's why i would only buy collectibles of high demand items like morgans or saints. also, the ms-63's will be easier to sell than the 65's and 67's. you might do better percentage wise on the higher grades if everything goes right, but there is a lot more risk and not worth it from where i sit. there are a lot of people who bought high graded coins at high prices 30 years ago who are still not even. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 04/11/2009 : 12:56:50
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| In the long-term (as in, beyond this recession/depression), I think early American coins are the best bet for collector value. Bust dollars, large cents, etc. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 04/12/2009 : 06:42:34
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| Grading? Yes! Any grader? No. I would only recommend PCGS. I'm sorry if the truth hurts, but its coins carry the highest premiums, and they are THE MOST TRUSTED grading source. I'm looking forward to submitting several coins next year. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 04/13/2009 : 07:55:44
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quote:
Grading? Yes! Any grader? No. I would only recommend PCGS. I'm sorry if the truth hurts, but its coins carry the highest premiums, and they are THE MOST TRUSTED grading source. I'm looking forward to submitting several coins next year.
As anyone that frequents coin shows can tell you, a vast majority of coins are being slabbed by TPGS's. I've found about 40% to 50% of all coins are at these shows in slabs. True collectors are just to afraid to invest in a coin unless it has been authenticated. Most are not as much worried about what it grades as much as is it real. At coin shows I've heard so many times a dealer saying of course it cost a little more, it's in a PCGS slab.
I saw a web site recently with probably closes to a hundred grading services. Some are actually a people at home in thier basements doing coin grading. As many of these as there are people writing books on coins, advertisements on TV for coins, articles in magazines on coins, etc. |
Carl |
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Investing in graded coins, is it worth it?
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