Why You Should Never Buy Common Coins

Coin collecting is the king of hobbies. But collecting today is different from what it used to be years ago. Back then, there were lots of collectors who collected one of each specimen. Today, collectors tend to narrow their choices to just the coins that they want to collect. In today's world, we also narrow it down to the coins that are most profitable.

From an investment standpoint, we must cut off all the non performers. In direct analogy, it means that we must cut off all the common coins from our coin portfolio. I look at common coins the be nothing more then "filler" coins - coins that fill holes in coin albums. It is true that you need these common coins to complete sets. So, I would only buy common coins if I am trying to assemble a set, or if it was part of a complete (or near complete) set. Aside from that, I would never buy a common coin. They don't perform as well as the key dates and semi key dates. Some may argue that you never know when they might go up in value. Well the way I see it, they don't really twitch in value regardless if they were minted in 1900 or 1800. What makes you think that they would go up in value now?

My collecting tendencies may be similar to many other collectors. I only buy key dates and semi key dates. Sometimes I do buy proof sets and original rolls. But again, I don't buy common proof sets or common coin rolls. Common coin rolls are the worst. What's worse then one or two common date coins? Well, 20, 40, or 50 of the same common date! It's true that some common dates may be quite costly in high grades. But, I think that it's because someone wants to create a high grade set. And in most instances, high grade common date coins are sometimes limited. That's why the price is driven up so high. But that doesn't mean that it's going to continually go up in value. It may cost the same (or about the same) amount of money 25 years from now. So as an investment, it wouldn't be so profitable.

This article was just my opinion. I think people can collect whatever they want to collect. If they love what they just bought, then the amount of money paid was worth it. Why pay for a coin you don't like? But from an investment point of view, it's definitely obvious that key dates and semi key dates have out performed common coins in the past. They will probably continue to outperform common coins in the future as well.

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