coins for $150?

On Sunday, January 27, 2013 10:15:01 AM UTC-6, bremick wrote:
"Anthony E" wrote in message ... Maybe you can help. I would like to purchase 2 coins in the $150 ea. range for my two 5-year-old nephew’s birthdays. A coin that may, over the next 15 years, appreciate well. Any suggestions and where I might purchase them? Thanks. ------ If it were only that easy. First you should decide what to purchase, then decide where. Whatever two coins you do choose, they may hold their value or may not. Some modern Mint-issued coins may retreat from their original selling price or not even keep up with inflation. What is your expectation by the coins appreciating "well"? Do you presume that your nephews will sell them after 15 years? You realize that you're likely to pay retail price for the coins and unless you're familiar with the hobby, you or the kids will not receive the going retail price when they sell. Most older key date coins will probably hold their value and likely appreciate some over 15 years. How much appreciation is anybody's guess. There are hundreds of types and dates in that category to choose from-- both US and world coins. Uncirculated US Mint-issued silver bullion coins should appreciate as well. But by focusing on only one coin in the $150 range for each nephew, you would eliminate say a group of 4 Silver American Eagle 1oz (birth year maybe?) coins costing a total of about $150. Others may post some better specific ideas of candidates. Personally though, if I were in your position, I would try to pick something that each kid might enjoy and NOT want to sell after 15 years, regardless of it's worth at that time.

I don't think that I run in rarified social circles (not at all), but $150 isn't that much to these kids nowadays. They all have a personal cellular telephone that is worth three times that, at least when it's brand new.

oly

"oly" wrote in message
...

On Sunday, January 27, 2013 10:15:01 AM UTC-6, bremick wrote:
"Anthony E" wrote in message
... Maybe you
can help. I would like to purchase 2 coins in the $150 ea. range for my
two 5-year-old nephew’s birthdays. A coin that may, over the next 15
years, appreciate well. Any suggestions and where I might purchase them?
Thanks. ------ If it were only that easy. First you should decide what to
purchase, then decide where. Whatever two coins you do choose, they may
hold their value or may not. Some modern Mint-issued coins may retreat
from their original selling price or not even keep up with inflation. What
is your expectation by the coins appreciating "well"? Do you presume that
your nephews will sell them after 15 years? You realize that you're likely
to pay retail price for the coins and unless you're familiar with the
hobby, you or the kids will not receive the going retail price when they
sell. Most older key date coins will probably hold their value and likely
appreciate some over 15 years. How much appreciation is anybody's guess.
There are hundreds of types and dates in that category to choose from--
both US and world coins. Uncirculated US Mint-issued silver bullion coins
should appreciate as well. But by focusing on only one coin in the $150
range for each nephew, you would eliminate say a group of 4 Silver
American Eagle 1oz (birth year maybe?) coins costing a total of about
$150. Others may post some better specific ideas of candidates. Personally
though, if I were in your position, I would try to pick something that
each kid might enjoy and NOT want to sell after 15 years, regardless of
it's worth at that time.

I don't think that I run in rarified social circles (not at all), but $150
isn't that much to these kids nowadays. They all have a personal cellular
telephone that is worth three times that, at least when it's brand new.

oly
---------------

For five year olds? I doubt there are many 5's with cell phones, and I
still remember my 5 year old grandson being thrilled with a big Ike dollar.
Probably could have gotten the same result with some Monopoly money. Most
five year olds will probably have forgotten that $150 coin their uncle gave
them within a week. Mom or dad will remind them when they're in their
teens what's waiting for them in the family bank box. Then it will probably
be "What can I get for it?" But I suppose that's what Uncle Anthony
expected when he asked us to recommend something that will appreciate well.

On Sunday, January 27, 2013 6:29:09 PM UTC-6, bremick wrote:
"oly" wrote in message ... On Sunday, January 27, 2013 10:15:01 AM UTC-6, bremick wrote: "Anthony E" wrote in message ... Maybe you can help. I would like to purchase 2 coins in the $150 ea. range for my two 5-year-old nephew’s birthdays. A coin that may, over the next 15 years, appreciate well. Any suggestions and where I might purchase them? Thanks. ------ If it were only that easy. First you should decide what to purchase, then decide where. Whatever two coins you do choose, they may hold their value or may not. Some modern Mint-issued coins may retreat from their original selling price or not even keep up with inflation. What is your expectation by the coins appreciating "well"? Do you presume that your nephews will sell them after 15 years? You realize that you're likely to pay retail price for the coins and unless you're familiar with the hobby, you or the kids will not receive the going retail price when they sell. Most older key date coins will probably hold their value and likely appreciate some over 15 years. How much appreciation is anybody's guess. There are hundreds of types and dates in that category to choose from-- both US and world coins. Uncirculated US Mint-issued silver bullion coins should appreciate as well. But by focusing on only one coin in the $150 range for each nephew, you would eliminate say a group of 4 Silver American Eagle 1oz (birth year maybe?) coins costing a total of about $150. Others may post some better specific ideas of candidates. Personally though, if I were in your position, I would try to pick something that each kid might enjoy and NOT want to sell after 15 years, regardless of it's worth at that time. I don't think that I run in rarified social circles (not at all), but $150 isn't that much to these kids nowadays. They all have a personal cellular telephone that is worth three times that, at least when it's brand new. oly --------------- For five year olds? I doubt there are many 5's with cell phones, and I still remember my 5 year old grandson being thrilled with a big Ike dollar. Probably could have gotten the same result with some Monopoly money. Most five year olds will probably have forgotten that $150 coin their uncle gave them within a week. Mom or dad will remind them when they're in their teens what's waiting for them in the family bank box. Then it will probably be "What can I get for it?" But I suppose that's what Uncle Anthony expected when he asked us to recommend something that will appreciate well.

Well, no, I don't known any five year-olds with their own iphones or ipads, but damn, every one of them five year-olds know how to make those things work. It's frippin' amazing.

oly

"oly" wrote in message
...

On Sunday, January 27, 2013 6:29:09 PM UTC-6, bremick wrote:
"oly" wrote in message
... On Sunday,
January 27, 2013 10:15:01 AM UTC-6, bremick wrote: "Anthony E" wrote in
message ...
Maybe you can help. I would like to purchase 2 coins in the $150 ea.
range for my two 5-year-old nephew’s birthdays. A coin that may, over
the next 15 years, appreciate well. Any suggestions and where I might
purchase them? Thanks. ------ If it were only that easy. First you
should decide what to purchase, then decide where. Whatever two coins
you do choose, they may hold their value or may not. Some modern
Mint-issued coins may retreat from their original selling price or not
even keep up with inflation. What is your expectation by the coins
appreciating "well"? Do you presume that your nephews will sell them
after 15 years? You realize that you're likely to pay retail price for
the coins and unless you're familiar with the hobby, you or the kids
will not receive the going retail price when they sell. Most older key
date coins will probably hold their value and likely appreciate some
over 15 years. How much appreciation is anybody's guess. There are
hundreds of types and dates in that category to choose from-- both US
and world coins. Uncirculated US Mint-issued silver bullion coins should
appreciate as well. But by focusing on only one coin in the $150 range
for each nephew, you would eliminate say a group of 4 Silver American
Eagle 1oz (birth year maybe?) coins costing a total of about $150.
Others may post some better specific ideas of candidates. Personally
though, if I were in your position, I would try to pick something that
each kid might enjoy and NOT want to sell after 15 years, regardless of
it's worth at that time. I don't think that I run in rarified social
circles (not at all), but $150 isn't that much to these kids nowadays.
They all have a personal cellular telephone that is worth three times
that, at least when it's brand new. oly --------------- For five year
olds? I doubt there are many 5's with cell phones, and I still remember my
5 year old grandson being thrilled with a big Ike dollar. Probably could
have gotten the same result with some Monopoly money. Most five year olds
will probably have forgotten that $150 coin their uncle gave them within a
week. Mom or dad will remind them when they're in their teens what's
waiting for them in the family bank box. Then it will probably be "What
can I get for it?" But I suppose that's what Uncle Anthony expected when
he asked us to recommend something that will appreciate well.

Well, no, I don't known any five year-olds with their own iphones or ipads,
but damn, every one of them five year-olds know how to make those things
work. It's frippin' amazing.

oly
-------

Well said. And I wonder how many will end up sitting by themselves
emailing, texting, and tweeting instead of actually talking to or playing
with their friends. I keep reminding my wife that it's a PHONE after she
spends five minutes building a text paragraph to our daughter on our one
crude cell phone. At least our daughter doesn't live next door.

On 1/26/2013 6:52 PM, Anthony E wrote:
Jeffrey,

Good advice. Before I committed to purchasing online I went to a coin store about 2 miles from here. They had a bunch of the ATB 5oz coins. I bought 2 at $170 ea. The mint wanted $220 for the same coin.

I bought a couple capsules from Air-Tite and the gifts are complete. I may buy a couple a year for myself.

Thank you again.

================================================== ==============================================
I wonder how the coin shop was able to sell them for $170.

In article ,
howard wrote:

On 1/26/2013 6:52 PM, Anthony E wrote:
Jeffrey,

Good advice. Before I committed to purchasing online I went to a coin store
about 2 miles from here. They had a bunch of the ATB 5oz coins. I bought 2
at $170 ea. The mint wanted $220 for the same coin.

I bought a couple capsules from Air-Tite and the gifts are complete. I may
buy a couple a year for myself.

Thank you again.

================================================== ============================
==================
I wonder how the coin shop was able to sell them for $170.

Because that's what it's worth. What the original buyer paid the U. S.
Mint for it (or any other coin from any other source, for that matter)
has almost zero relevance on the aftermarket.

A typical coin shop interaction (from personal experience on the BUYING
side of the counter, with prices changed to reflect today's market):

Customer: I want to sell my 5 oz. silver America the Beautiful coin.
Me: I can pay you $160.
Customer: But I paid $220 for it from the Mint!
Me: I can sell you that one over there (pointing at ATB hockey puck)
for $170, so I can't pay more than $160 for yours.
Customer: But how can you do that? They cost $220 from the Mint!
Me: I just paid the last guy who walked in the door $160 for his, and
am now offering that one for sale at $170.
Customer: (depending on the customer, they then either accept reality
and sell me the item for $160, decide to wait until silver "goes back up
again", or leave in a huff and tell everybody they know that I'm a crook)

--
Ken Barr Numismatics * * * *email:
P. O. Box 32541 * * * * * * website: *http://www.kenbarr.com
San Jose, CA *95152 * * Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 * ** NEXT SHOW: Peninsula CC 11/4 Napredak Hall SJ

"howard" wrote in message
news:7KCdnXOPDr27SJvMnZ2dnUVZ_oSdnZ2d@scnresearch. com...

On 1/26/2013 6:52 PM, Anthony E wrote:
Jeffrey,

Good advice. Before I committed to purchasing online I went to a coin store
about 2 miles from here. They had a bunch of the ATB 5oz coins. I bought 2 at
$170 ea. The mint wanted $220 for the same coin.

I bought a couple capsules from Air-Tite and the gifts are complete. I may buy
a couple a year for myself.

Thank you again.

================================================== ==============================================
I wonder how the coin shop was able to sell them for $170.
)))))))))))))))))))))))))))))))))))))))))))))))))) )))))))))))))))))))))))))))))))))))
It was probably the bullion version, not the numismatic version.

On Monday, January 28, 2013 3:57:06 PM UTC-6, Ken Barr wrote:
In article , howard wrote: On 1/26/2013 6:52 PM, Anthony E wrote: Jeffrey, Good advice. Before I committed to purchasing online I went to a coin store about 2 miles from here. They had a bunch of the ATB 5oz coins. I bought 2 at $170 ea. The mint wanted $220 for the same coin. I bought a couple capsules from Air-Tite and the gifts are complete. I may buy a couple a year for myself. Thank you again. ================================================== ============================ ================== I wonder how the coin shop was able to sell them for $170. Because that's what it's worth. What the original buyer paid the U. S. Mint for it (or any other coin from any other source, for that matter) has almost zero relevance on the aftermarket. A typical coin shop interaction (from personal experience on the BUYING side of the counter, with prices changed to reflect today's market): Customer: I want to sell my 5 oz. silver America the Beautiful coin. Me: I can pay you $160. Customer: But I paid $220 for it from the Mint! Me: I can sell you that one over there (pointing at ATB hockey puck) for $170, so I can't pay more than $160 for yours. Customer: But how can you do that? They cost $220 from the Mint! Me: I just paid the last guy who walked in the door $160 for his, and am now offering that one for sale at $170. Customer: (depending on the customer, they then either accept reality and sell me the item for $160, decide to wait until silver "goes back up again", or leave in a huff and tell everybody they know that I'm a crook) -- Ken Barr Numismatics * * * *email: P. O. Box 32541 * * * * * * website: *http://www.kenbarr.com San Jose, CA *95152 * * Coins, currency, exonumia, souvenir cards, etc. 408-272-3247 * ** NEXT SHOW: Peninsula CC 11/4 Napredak Hall SJ

Granted, many of the great unwashed walk-in customers are unrealistic, but how do you keep the doors open on a $2 per ounce spread??? That's the part of this scenario that's a little difficult to believe.

oly

In article ,
oly wrote:

On Monday, January 28, 2013 3:57:06 PM UTC-6, Ken Barr wrote:
In article , howard
wrote: On 1/26/2013 6:52 PM, Anthony E wrote:
Jeffrey, Good advice. Before I committed to purchasing online I
went to a coin store about 2 miles from here. They had a bunch of the
ATB 5oz coins. I bought 2 at $170 ea. The mint wanted $220 for the same
coin. I bought a couple capsules from Air-Tite and the gifts are
complete. I may buy a couple a year for myself. Thank you
again.
================================================== ==========================
== ================== I wonder how the coin shop was able to sell them
for $170. Because that's what it's worth. What the original buyer paid the
U. S. Mint for it (or any other coin from any other source, for that
matter) has almost zero relevance on the aftermarket. A typical coin shop
interaction (from personal experience on the BUYING side of the counter,
with prices changed to reflect today's market): Customer: I want to sell my
5 oz. silver America the Beautiful coin. Me: I can pay you $160. Customer:
But I paid $220 for it from the Mint! Me: I can sell you that one over
there (pointing at ATB hockey puck) for $170, so I can't pay more than $160
for yours. Customer: But how can you do that? They cost $220 from the Mint!
Me: I just paid the last guy who walked in the door $160 for his, and am
now offering that one for sale at $170. Customer: (depending on the
customer, they then either accept reality and sell me the item for $160,
decide to wait until silver "goes back up again", or leave in a huff and
tell everybody they know that I'm a crook) -- Ken Barr Numismatics * * *
*email: P. O. Box 32541 * * * * * * website:
*http://www.kenbarr.com San Jose, CA *95152 * * Coins, currency, exonumia,
souvenir cards, etc. 408-272-3247 * ** NEXT SHOW: Peninsula CC 11/4
Napredak Hall SJ

Granted, many of the great unwashed walk-in customers are unrealistic, but
how do you keep the doors open on a $2 per ounce spread??? That's the part
of this scenario that's a little difficult to believe.

I don't look at it as a $2 per ounce spread, but rather a $10 profit for
about four minutes of work (two minutes to buy it and two minutes to
sell it). Most people would be quite happy with a $150 per hour salary.

The shop owner often did major silver round deals for a 25c mark-up per
ounce (that's twenny-five CENTS, not twenny-five PERCENT). The way he
figgered it, a thousand one-ounce rounds deal (buy at $30,000, sell at
$30,250, for example) wasn't a less-than-one-percent profit, it was a
$250 profit for two pieces of paper and a phone call. That turns out to
be about $1000 per hour, or the alarm company bill for the month, or
several days of rent, or however else you want to characterize it ...

--
Ken Barr Numismatics * * * *email:
P. O. Box 32541 * * * * * * website: *http://www.kenbarr.com
San Jose, CA *95152 * * Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 * ** NEXT SHOW: Peninsula CC 11/4 Napredak Hall SJ

2 ATB 5oz 2012 New Mexico $344.

Don't know if was a good price or not, but I'm satisfied with the purchase.