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Question for coin collectors . . . ? ?
I consider modern proof coins, statehood quarters, the Presidential dollar series, etc., as collector coins. I mean they were produced mainly to appeal to coin collectors. Do you think these coins will become 'valuable' or appeal as a possible investment? I would rather collect coins that are rare (old, scarce, errors, etc) and were not produced to be enticed by the coin collecting community.
5 Answers
- CoinTrainLv 41 decade agoFavorite Answer
Modern commemoratives and the various other coin series promoted by government mints are unlikely to be valuable, except for the odd error coin that may produced along the way.
Collecting is largely a matter of what appeals to each collector, which of course will vary among individuals.
Investing is another matter. Overall, the most successful coin investors understand that a coin's value in the marketplace depends on several factors, including condition and grade, scarcity, eye appeal, and popularity among collectors. A good way to get a feel for this is to purchase two "Red Books" ( A Guide to United States Coins by R. S. Yeoman). One should be the current edition, which you can find at your local coin dealer or any of the major online booksellers. The other one should be an older copy, say, ten years old or more, that you can find on eBay. Compare prices for coins in each book. You will see that some coins have performed better than others. You will also come to realize that coin investment is, at best, a long term proposition. While I wouldn't make coins my only investment vehicle, I'd have to say that owning historic coins is a pleasurable and profitable activity, done right.
Source(s): Coin Collector / Investor since 1959. - TaipingLv 71 decade ago
Most coin collectors who collect for fun and have a plan do alright in the long run when they sell. The investor who has the money to buy the really rare coins also do well, the investor who must pinch cents usually does not. On Modern commemorative coins it seems the uncirculated ones have the lowest mintage and are worth more now. Proof sets are funny for one never knows when people get bored with them and in that year don't buy many. Same with proof silver eagles the 1994 and 1995 are selling in the $200 range, I never expected that when I got them. The 200 is only $37.95. When I got my 1861-O 1/2 dollar I knew over time it's value would go up a little each year or so for it is historic. The regular circulation strike state quarters and Presidential dollars will never go up much in your life time. The presidential dollars of least know presidents still to be made maybe a good ones to get for they may make very few.
Source(s): 48 years a numismatist, Coin Magazines and books. - milton bLv 71 decade ago
You should never consider collecting coins as an investment, the value of the coins doesn't increase at a high enough rate to compare with other investment opportunities. The type of coin you appear to be interested in are certainly available and you can find any number of dealers who will be happy to sell them to you.
- Anonymous1 decade ago
They might become valuable, but it's more fun to find and collect interesting coins that already have modest value that could become more valuable. Numismatics (my wife used to work for a grading company) is a tricky business. Check out this Web site:
They're one of the major players in the grading world and really grading of the coin is where it all begins. If you become very familiar with how the coin is valued based on its quality as well as market demand, and you learn how a coin is graded and where it's really graded and by whom, you'll avoid getting ripped off.
Have fun. It's a great hobby.
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- 1 decade ago
They are always on demand after wards may be not now but may be after certain years.
And you can get very good value for them too
and if you already have a really old coin then u should look for advertisements if some1 is looking for it, may be some collector or some museum.I would mail you if i find somebody who is intreted.