Making an investment? 2 2

[EagleRJO]

On 11/27/2022 at 4:33 PM, Sandon said:

@EagleRJO--There are so many deceptive counterfeits of the Pratt Indian Head quarter and half eagles nowadays, and they now cost so much that I would no longer risk buying an uncertified one.  

Thanks Sandon.  I am aware that there are a number of very deceptive counterfeits for gold coins like the half eagles, which is in the top 20 of NGC's list of counterfeit coins (https://www.ngccoin.com/resources/counterfeit-detection/top/united-states/).  For those and similar raw coin purchases I only really work with one larger dealer I have mentioned previously with credentialed graders and an intake process similar to the PCG$ grading process to weed out those type of things.  The final check is done by someone who actually works with ANA on grading and counterfeit detection, as well as ANA eLearning materials and videos on those topics.

So I am pretty comfortable with that one dealer I am already familiar with, and avoid other dealers, eBay, etc. like the plague for those coins.  And of course I still spend a good amount of time checking any raw coins myself when I get it in-hand.  But I realize I am not an expert with those coins, so there is still more risk verses getting a certified one.  But that increased risk is something I am willing to accept given my hands-down preference for raw coins in general.

Edited November 27, 2022 by EagleRJO

[TedStan]

On 4/28/2020 at 4:19 PM, Rummy13 said:

Well the Government sent me my check and my better half told me I can use it on my coins.  So here is my decima, I can;

A. buy one rare coin, say maybe an 1909 S VBD or something like that.

B. Buy all the Silver Eagle Proof and Silver Proof Sets to complete those collections

I was wondering what long time and more knowable collector think. I plan to pass my collection to the next generation. I don't have many slabbed coins but a lot of albums. All the proof and mint sets from 1955 - 2020 .

Your options A and B both have their merits, and the choice ultimately depends on your collecting goals and personal preferences.

Option A: Buying a rare coin like a 1909 S VDB can be a fantastic addition to your collection. These coins often appreciate in value over time, especially if they are in good condition and have historical significance. It's a tangible piece of numismatic history that can be a highlight in your collection.

Option B: Completing your Silver Eagle Proof and Silver Proof Sets is also a compelling choice, especially if you're working on specific series or sets. These sets can be visually stunning and showcase the craftsmanship of modern minting. They're often popular among collectors and can retain their value well.

Since you mentioned your intention to pass your collection to the next generation, both options can serve that purpose. Rare coins can become family heirlooms with significant sentimental value, while complete sets can offer a comprehensive collection for your heirs to enjoy.

Ultimately, it might be a good idea to consult with a trusted coin dealer or collector in your area who can provide more specific advice based on your collection's current status and your long-term goals. They can help you make an informed decision based on your preferences and the potential future value of your investments. Happy collecting!