Great video and subject discussion! I feel a collector should buy the most popular types: Morgan Dollars, Walking Liberty Halves, Stand Liberty and Washington Quarters, Mercury Dimes and Buffalo Nickels with values up to $1K as you mentioned. Collect other series as key, semi-key type coins! If you want to sell fast, one must go to a large coin show: summer ANA, FUN, etc. Yes, slabbed coins have a listed third-party graded value but you must remember that buyers will want a discount especially dealers who need to make a reasonable profit. Hence the advice that coins be held for several up and down price cycles for them to gain in value to cover their wholesale value! Also, one must follow whether a particular type is currently popular and to take advantage of selling at that time. Be well! Ed
Thank you for the feedback! I completely agree with you on staying with the more collectible coins when are are spending $1000+ like a Morgan or Mercury Dime.I also agree that coin shows are a great option if you need to liquidate coins because there are so many dealers. Unfortunately, in my area there is only 1 coin show a year.
Really enjoyed listening to your thoughts. I enjoy collecting coins and currency, but I don't really invest in them. I collect them. I might invest in gold when the price is right, but that is a different matter. You are absolutely right- one must have an exit strategy when buying collectibles: especially high end collectibles. You are also right about having to sell these through Auction houses. That may be the only way to connect with collectors interested in high end pieces. This takes time and money (fees). It is much easier to BUY an expensive coin that SELL an expensive coin. I also agree with the $1,000 threshold. I have seen evidence of this time and time again. Also, you mentioned Networking. This is VERY important. Collectors should try to establish relationships with dealers that can move their items when it is time to sell. Over the long term, proper investment in things like the stock market will give you a better return that any collectible, even coins. It is also much easier to access your funds in an emergency. Thanks for a really thought provoking video!! 🔥🔥🔥🔥 👍
Thank you for the feedback! Yes, I completely agree. Fortunately, I have focused on investing in the stock market and setting up a retirement fund so I can hopefully not work my entire life. I run my own business so I’m on my own in terms of investing for retirement.
Wow that is some bread. I have avoided the numismatics and stuck to stacking cheap silver and gold. Upside is liquidity. I would be worried that the numismatic market is going to take a big hit in the next 5 years. Side note, I am in the process of selling off my comic book collection because I expect that market to collapse soon as well. These old collectibles will be considered junk by the younger generations, they have no desire to own this stuff which is sad in itself.
I completely understand where you are coming from. I definitely see the coin market taking a slight dip over the next few years but there have been a lot of new people get into the market and there are still a lot of Baby boomers who enjoy collecting. I agree that silver and gold is definitely more liquid but the upside to numismatists is higher overall. You just have to be careful and have the patience when selling the more high end coins.
Like you said, it is all in where you live. I am lucky to be in an area where it is easy to sell in the $1,000 - $100,000 range coins to individuals. If the coins are nice and appealing I don't know many people that I couldn't sell to today.
Thank you for the feedback! Yes, it definitely makes a big difference where you live. I know in Florida there are a ton of dealers and coin shows which really helps. In my area I only have 2 dealers and there is only 1 coin show each year. I know it will be a little tough for me to sell my high end coins if I need to.
I had a 1905-S MS65 Liberty double eagle and an 1898-P MS64 Liberty Double Eagle. Both coins are top of the pop reports. I paid good money for both coins and found it impossible to get any return on my money. Both coins were sold for thousands below any price guide. I offered them to all the named players you mentioned. Stacks and HA were insultingly low. The lesson learned is not to buy $10,000 valued coins as there are no takers without being patient plus spending time and resources that make the juice not worth the squeeze.
@@user-lh1ss1fp5q thank you for sharing your experience. Yes, it seems like trying to sell high valued coins that are $10k plus would be very difficult because there are very few buyers who will pay that kind of money for the coin. It could take years to find someone who will pay what the coin is actually worth unless it is an extremely popular high end coin like a 1907 high relief double eagle.
I would also add that a 1911-P NGC MS64 Saint I bought for $17,500 in 2012 was sent out to CAC for a green bean designation. The coin was a good MS64 and maybe a 64+ but it was not a true MS65. With a green bean it took 10 years to find a buyer who paid $17,500 for the coin. I will never buy any coins from Stacks or HA whether offered in a straight selling price or in an auction. I am cured of any notion that rare coins and CAC stickers justify any price bumps. Rarity means nothing. Green bean coins are not worth paying big money for either.
@@user-lh1ss1fp5q you make great points. It’s hard to find buyers that are willing to pay huge money for coins even if they are CAC or top pop. There are only a select few who can afford them which makes the process much harder to sell in a timely manner. I’ve been focusing on coins ranging from a few hundred to around $1000 right now. I am interested in getting a 20 dollar Carson city gold coin tho. I will have to spend a few thousand to get one but I think that is okay since they have a pretty big following.
I bought a NGC MS61 1895 $20 Double Eagle for $430 in 2006. Its market value is now $2570 today. Its all about timing. I got lucky. Should have bought more at that price.
That’s pretty cool! Yeah, gold is really the exception to my video unless we are talking about extremely rare gold like the one I showed. It’s pretty easy to sell common date 20 dollar gold coins because people buy them for the gold and collector coin value.
Good advice. I had to rein it in myself. And I’m talking old half cents and old indian cents that may continue to drop in demand. It’s a little scary lately..
Yes! The market is definitely slightly trending down right now. You just need to be careful especially in case you need to unload your coins if you need money.
Great discussion and explained well. I'm not sure if your '55 DDO would be a challenge to get fair value in a sale. You have a very nice example, and that variety is regarded as the most famous "error" of all, plus the visual appeal of the doubling is so obvious. That coin will always have a solid market. I feel the same about your proof Morgan--that's a dream coin for many people in the hobby. On another point, I'm pretty sure Great Collections still offers zero-cost sales for coins that sell for over a thousand dollars. Thanks for the vid.
Thank you for the info! I had no idea great collections did zero fees for $1000+ coins. I know there is still the buyers fee which definitely makes a difference. I agree that the 55 ddo and the proof Morgan should always be fairly easy to sell since they are a little more widely known and collected. It’s definitely something to think about tho when buying high end coins. How easy are they going to sell when you have to sell them?
There is a hugh difference between investing in coins as a hedge against inflation as opposed to collecting for the love of the object like a coin…I’ve collected good things for over 50 years, the easiest thing to sell is the best example of anything, for example a 1959 original clean LES PAUL electric guitar at 500,000. Than one beat up and modified atb100k
You make some great points. I think having great examples of coins is good. My main issue is that having high end coins can be difficult to sell quickly because the amount of collectors that are able to afford them are low. This means really the only way to sell them quickly is to go to auction and hope for the best.
You are correct. I don’t really like buying cheap coins. Most coins I buy are $100+. I don’t sell very often but I know it’s going to take time to get good money for my high end coins.
Those would be extremely high end coins. They are all really rare and probably have a smaller audience but the people that want them will definitely pay up for them.
i may get criticized for this. To me all Morgan are worth roughly the same amount. At this posting 23-25 dollars. They are worth a little more then other junk silver. a special date or mint means nothing. they are all the same to me.
I understand what you are saying. To me a rare Morgan is definitely going to have more value but if you aren’t into collecting expensive and rare examples then buying the common dates is the way to go. The design will be the same for the most part outside of the mint mark and a few variations depending on year.
That’s a good point. In general numismatics are a little harder to sell but the margins can be much higher than bullion. It just takes time to find the right buyer.
I agree to some point. It probably would be hard to get a good price off of a high end coin quickly. Having to sell because of a cash crunch is a bad place to be. If you can hold those coins for 20 years, then it's likely price will increase.
@@jadonnoble5621 The coin dealer I go to the most wants stuff that sells quick. As he says "An unsold coin doesn't make any money.", and "Dealers who ask too high a price don't want to sell their coin, they want to look at it."
I've been buying GSA's some toned in the $350 - $600 range. I have a 1892-CC in a PCGS 63 PL that I bought for $1650 about 12 years ago that's about a $3500 coin now . I think Morgan's are one of the best investments . I got a 1878 -CC raw 44 years ago for $200 and sent it to NGC . It came back a MS 65 in a soap-box holder and I still have it...
That’s awesome! Yes, Morgan dollars are definitely one of the better investments in coin collecting. I collected all of the CC Morgans and was able to complete the set before Covid really took off. There is a pretty big market for Morgans so the more expensive Morgans still have a pretty good market which really helps if you need to sell some of them.
That’s a good question. I don’t have any Ancient Greek coins but I think they are pretty cool. I would say it’s a pretty niche market so it might be tough to sell if you need to.
Yes, it’s definitely been on my mind lately. I just got to be careful because I know at some point I’m going to have to sell some of these more expensive coins.
Great question. I actually collect for both reasons. I enjoy collecting coins and learning the history of them. I also love owning the different designs and seeing the art work. This being said, I don’t like overpaying for coins and try to get good deals so later on down the road I can possibly sell and make money.
Value is only what some one will pay, i see people on eBay thinking their stuff is worth 2-3x what others are listed at, i guarantee alot of relisting, but they must hook one once and awhile, takes time.
I agree! I see so many listings that are way over priced. I definitely do better buying in auctions but once in a while there is a good deal on a coin that is a buy it now.
Haha yes. Having high end coins makes your market of potential buyers much less. They are hard to afford but it’s cool to at least have a few if you can afford them.
rare coins are for collecting more then anything and buillion and stacking are for the rainy days. My go to is just haveing a few rolls or morgans or peace dollars. always a buyer at anytime on those. Great video thanks
Thank you for the feedback. I think there can be a bigger upside to collectible high end coins but it takes more time to sell and resources to get what they are worth.
If you have high end coins to sell,there is Mid-American coins in Lexington Ky,also Jeff has one in Sarasota Florida,usually have to make an appointment but do pay a fair price.
Last year I offered Acousha Collectibles 5 graded Morgans - one was a Carson City - They offered me $ 275. for ALL 5 Morgans - I sold the Carson City myself for $ 250 - I think the remaining 4 Morgans are worth more than $ 6.25 each - You have to sell the coins yourself - These dealers want to pay 60 cents on the dollar or less - Thank you for the nice video
Thank you for the info. I know coin dealers have to make money so you usually won’t get retail from them. I’m also assuming that the coins were raw? Maybe they thought the Carson city had some issues? These are just some thoughts. Graded coins it seems like they offer pretty good on as long as the coin has nice eye appeal. Congrats on getting good money for the cc Morgan. It is usually always better to sell your coins on your own if you have the time and someone who is interested in buying them.
@@jadonnoble5621 We no longer have a coin show locally. The place they used has increased their price to rent a lot. To the point it was no longer viable. The last one only had about 15 dealers. The one before it probably 25.
You really can’t go wrong with buying Morgan dollars. There are many people that collect them and they are easy to sell if needed. MS 64 and up is definitely a good grade to buy them in.
Yes, basically the main issue is that there are less buyers for high end coins which will make it take longer to sell and get the money it’s worth. If you need money fast it will definitely be tough to sell high end coins.
Haha I wouldn’t consider myself rich but I definitely do fairly well. I run a lawn care business and have done pretty well doing that. I’ve been collecting for a while so these coins have been accumulating over about 4-5 years. I don’t buy often so I usual don’t send an insane amount on coins. I usually try to but quality over quantity.
Yeah, why collect expensive coins that do nothing but appreciate in value, ever heard of a rare coin portfolio, I made almost 100,000 dollars in five years, so yeah why make money on coin collecting.😂😂😂😂
I understand what you are saying. You can definitely make more money buying and selling high end coins but it takes time. If you are a coin dealer and have a large network of clients that really helps. For me I would [probably have to go through an auction house which has fees.
I used to buy junk silver and bullion but I enjoy coin collecting a lot more. There is so much more to it and learning about the history is fun. They are just a little harder to sell especially the high end coins.
I have a friend that has been dumping collectibles from the 1950s, because the market is shrinking because people die. Liquidity is the issue with every...
Yes, definitely true. My goal is to sell most of my collection before I die so others don’t have to deal with it. The problem is that no one knows the future and you never know when your time on this earth will be over.
@@jadonnoble5621 "My strategy involves acquiring pre-33 graded gold coins with regular dates, typically at a premium of $80-120 over spot. Just recently, I made a purchase of two 18** Liberty Double Eagle $20 dollar coins at $2095 each, both graded MS 61."
