I have a gold & silver dealer I trust who gives me good deals on both buying/selling.
The other day when I stopped by his shop I started asking about collecting Silver coins which quickly escalated in a long conversation about different types, dates, and mintage rarities.
Long story short, I told him I was looking for a solid long-term investment of possibly 20 years and he gave me this advice, that really made some good sense, but I was curious what the Gold & Silver community here thought about it...
I was told to start accumulating
SILVER PEACE DOLLARS
(photo's shown above)
Specifically 1924-s and 1925-s
Basically he was saying that the peace dollar is becoming a more popular coin in collections because it was only minted for a short time and some years have low mintage. Also, since popularity hasn't reached Morgan silver dollar values yet, you can find really good quality peace dollars for a good price.
He was saying that the 1924/25 - s Peace dollars aren't exactly highly sought after coins currently, but that he fully expects them to be in the near future. This would allow me to find exceptional quality coins that may become very valuable soon.
- Quality of the coin is a big factor in the valuation process. Worn out coins bring a small premium above bullion scrap price where-as a coin in uncirculated condition with a key date can bring hundreds if not thousands of dollars.
I trust his thoughts and so I went on E-bay and bought a few of each year, in good condition for about $20-25 a piece.
Typically I have been just buying silver bullion and lately I have been getting into the gold liberty coins, but I was thinking of taking a step back on the bullion and start collecting silver coins.
What do you think?
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