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Coin Collecting

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tullamore

tullamore

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I been slowly over the last few months been collecting/investing in coins. I consider myself a novice and was wondering if we had and collectors who could point me in the direction of a few good resources, so that I could become a little more knowledgeable.

Thanks
 
tullamore
I been slowly over the last few months been collecting/investing in coins. I consider myself a novice and was wondering if we had and collectors who could point me in the direction of a few good resources, so that I could become a little more knowledgeable.

Thanks
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what kind of coins? In my opinion, start collecting 1964 silver quarters. They are abundant and cheap (3-5 dollars each). Or silver half dollars (15 dollars each). These have the most value and silver prices have been climbing sharply over the last few years. Don't bother with wheat pennies or mercury dimes as their value is based on want except for the rare error coin. Silver and gold are the way to go with coins, but don't buy them for the coin, buy them based on the silver/gold content. A $50 gold coin is one ounce of gold. you should only pay for one ounce of gold right now about 1300 dollars. You can go to any coin shop, NOT a pawn shop, and buy 1 or 1/2 oz silver or gold bars for bullion prices based on that days market value.
 
I have been buying 1 US peace silver dollar coin a week since September. I think I have been getting them all in the $30-$40 range, except I bought one from 1921, that is a significant date that ran me a little over $100.
 
See, I wouldn't pay $100 for that coin unless it was professionally graded as a 1921 D Uncirculated coin. I would take that 100 and buy 3 ozs of silver. The silver will go up a lot faster than that coin will. If you were to sell that coin you would probably only get melt value, which is one ounce. But, $30-$40 is about normal right now for Peace dollars. Unless you get an Uncirculated coin or Brilliant Gem Mint Issue type coin. But only if they are professionally graded and slabbed.
 
Swarmy
See, I wouldn't pay $100 for that coin unless it was professionally graded as a 1921 D Uncirculated coin. I would take that 100 and buy 3 ozs of silver. The silver will go up a lot faster than that coin will. If you were to sell that coin you would probably only get melt value, which is one ounce. But, $30-$40 is about normal right now for Peace dollars. Unless you get an Uncirculated coin or Brilliant Gem Mint Issue type coin. But only if they are professionally graded and slabbed.
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I bought it because it looked real solid, and I was thinking about getting it graded. But I am not sure what a solid coin is, and I guess I am just talking out of my ass.
 
tullamore
I bought it because it looked real solid, and I was thinking about getting it graded. But I am not sure what a solid coin is, and I guess I am just talking out of my ass.
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that's why I suggest silver bars instead of coins until you find your comfort zone and don't get ripped off. A lot of coin collecters clean their coins with sulfur to make them nice and shiny, but this kills the value.
 
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