The average Joe can easily buy investment coins for retirement if he/she knows which coins to buy. In this type of business, knowledge is truly power. The secret to doubling or tripling your money in a year or less is knowing which coins to buy right before they go up in value. Either that, or knowing which coins are undervalued and buying them for future profits. This information was thoroughly explain in the "How to Buy, Sell, and Invest in Rare Coins" ebook sold on the coinprofits website. I wont go into too much detail but I will briefly explain some important points.
Not all discontinued coin series will go up in value. But, the Lincoln Penny series will go up in value when they are discontinued in 2009. There were many "markers" that proved that it will go up the future, which we wont get into right now. Some of the coins that are expected to do good within the next 8 months are the 1909 S VDB in MS65 RED, 1914 D XF-MS60+ RED, 1931 S in lower grades RED, all major Lincoln Cent errors in high grade RED, Steel Penny errors in BU60+ grades, 1972 DDO Die #1 in MS65 RED to MS66 RED, 1983 DDR MS66-MS67 RED, 1955 DDO BU RED, and many of the early date semi keys in BU60 or higher. Do remember, that copper coinage must be "RED" in order to be worth buying. Some of the red-brown specimens would still be profitable, but not a profitable as the red ones.
Some errors are so rare that alot of people dont realize their rarity. And because they are actively traded, their prices tend to be suppressed for the time being. Thats good, but we dont know how much longer they can be suppressed. I feel that the 2008 W Reverse of 2007 MS70 is one of the best coin investments right now. I dont think that the Early Release or First Strikes attribute would be necessary for this coin. It may be worth more for the time being, but in the future, there will be no difference in market/book value. This is due to their populations. With only 47,000 ever minted, and with less escaping the US Mint, this coin is a must have. A large portion of them did grade an MS70, so in order to see exponential gains, you must buy an MS70 from PCGS or NGC. When supply diminishes, do expect this coin to steadily go up in value. This coin can easily triple in market value within 3-6 years.
One of the most under rated coins are the 2006 W 20th Anniversary MS69 Blue Label. With only 20,000 ever minted, I estimate there to be about 2,490 of these in the MS69 Blue Label. It's a better investment then the MS70 Blue Label because the MS70 is too expensive. Even though I estimate there to be about 473 MS70's or so out there, you could easily get the same coin for cheaper. If you bought the black label, its the same thing. So, for nearly $2,500 dollars, I knew it was going to go down in value. Now its only worth about less then half of what it used to be worth. But, the MS69 Blue Label is definately worth it because at less then $200 dollars each, this coin could easily go up 30-60% in a year and a half to 3 years.
All of the techniques I used to come up with these coin predictions came from the "How to Buy, Sell, and Invest in Rare Coins" ebook sold on the coinprofits website. There are many other coins that will go up in value and would be good investments, but I feel that these coins would be better investments because they could easily go up in value at any time. The Lincoln Penny series in particular because in about 4 months, they would be discontinued. We have yet to find out what the new designs look like.
If you want to learn about coin strategies and be able to pick "winners" in the coin market, I suggest you read the "How to Buy, Sell, and Invest in Rare Coins" ebook sold on the coinprofits website. Thanks for reading.
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