I was bored the other night so I started to count my silver coins & figure ASW, spot price, etc. I came up with a figure of around $2500 in silver not including bullion (My wife suggested I sell it to take her clothes shopping, LOL). That got me thinking about a few things. I don't have the time to value each peice as it's always changing, but I estimated that approx 30% of my silver coin has Numismatic value over spot. Don't get me wrong, it's doubled since I got back into collecting (silver was around $13, IIRC). I believe it was more like 50-60% two years ago. What does that say about me, or coins? Have I switched gears to making purchases based on silver? Have I lost some interest in higher grade coins? Or has the PM boom just equalized the numismatic Vs intrinsic ratio in coins? At least I know I'm at 90% or better rate on my copper(excluding bulk wheties, & pre-82 cent bags. I'd like to hear your thoughts & your own ratios. Thanks for reading, :thumb: Zach
LOL, Caz. You know that's not what I wrote. How much silver coin do you have? High grade, mid grade, or junk silver ( I hate that term)?
I don't have as much, but in silver I have about $512 in collectible value, my whole collection is about $1200 Mostly junk silver but I do have some high and mid grade coins. I jump on junk barber and mercs whenever I can
Interesting way to think about the "value" of your collection... since I collect a lot of high grade copper cents I figured out that just my copper is worth around $3.00 or so based on the metal value... but it's really worth quite a bit more
In more than a few cases, the metal value has surpassed the numismatic value in the past 10 years. In many more cases, the increase in metal value has had absolutely no impact at all on the numismatic value of the coins.
My ratio is "0" and it will always be "0". I collect for the enjoyment and don"t care about keeping up with the market or the Joneses. The rest will be the problem for my heirs. Chris
Peoples taste changes all the time. I see no problems with it, sometimes you see them as coins and sometimes as PM. Though most of my coins are silver I still see them as coins and value them more numismatically than current PM prices.
that's two seperate issues. I have a lot of bullion from ASEs to gereric .999 to .90 junk. then the numismatic coins range from $6-200 (dimes) or $20-1000 (half dollars) and $50-1000 morgans. I just value them as the market indicates.
Funny you should reply to this thread illini, your copper is the cause of in the first place. I've been lusting after your collection since starting here & it took a thread by jcb to make me realize it. His thread wanted an essay on poster's favorite series, & while I was going to reply something along the lines of the breakfast club's group essay I decided to really stick it to old Vern & not write one at all. But the seed was already planted, I have secretly found myself to be in love with high end small copper. Mind you I have some, but none as grand as yours. With my budget being somewhat limited at the moment, I decided to look at everything I had for duplicates, or other coins that didn't really blow my mind to see if I should sell or trade some for some breathtaking small copper(I've never SOLD a coin in my life, so it's pretty unnerving to think about). How else to start, other than looking up what I paid, looking at the intrinsic value, & deciding what would be a fair price to ask? Wow, way too much to type from my phone.
I have my inventory in Excel and include a tab with the current intrinsic value by denomination. Currently, I only value US and Canadian coins using coinflation. In the spreadsheet with the coin list, I have three columns that list the coin by my estimate of value, current intrinsic value (coinflation x 0.9), and a third column that takes the maximum of those two columns. Since I have thousands of coins in the spreadsheet, I quickly get a feel for the value of the collection when silver goes from $20 to $40 to $30 an ounce. I also do the same thing with currency values versus US dollars using the currency converter on another tab. It is pretty easy to do this in Excel with the Vlookup function.
Value you ask? What I will say from experience is most folks who visit here that have any real significant value in a collection just may not post that information so openly. Hold your hand close to your body so no one else can see your cards. Just my 2 cents worth
Exactly why I left out my PMs I'm not trying to pry into anyone's holdings, just get some insight into some of my own silver coins that I may want to sell or trade for some higher end coins. Small cents are starting to really capture my heart. But above all else, the question I need to answer is "Can I pull the trigger & sell some coins"? I'm talking about coins that hold no particular interest at this time in my life, junk silver, duplicates, low grade coins that I've since upgraded, etc.
Tell her sure, as long as she can guarantee that the value of her clothes will keep going up and that if they don't she will make up the difference.
Sorry Conder101, she is oblivious to the term "holdings". A consumer in the truest sense of the word.
