US Commemorative Silver Dollars from US Mint seem to be a bad investment.

You can pick up US Commemorative Silver Dollars for half the price of the US Mint prices every day. Many of the US Commemorative Silver Dollars do not seem to hold the premiums the US Mint charges for them new. I have eight of them and more on the way. I will not pay $65 for them when I can just buy them for $25to $35 from others.

 

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Uh...ok

Coins seem to be a bad investment from the mint or not.

 

:thumb:

 

These are .773 ASW (real silver) so are not just the junk clad coins that they sell.

 

I just think (and hope) most people buy coins (especially from the mint) for the love of coins. Not because they think they can get rich someday. Yes if you buy right and time it well you can make money over time from them but I just get tired sometimes of the rhetoric about "investment" in coins or "was this a good price" or "did I pay to much".
It might just be because I like copper coins so much

Just collect coins and enjoy them. IMO

 

Didn't you post this exact same thing yesterday under the guise of the 5 Star General coins?

EDIT: You did...the question is, why?

http://www.cointalk.com/t225372/

 

some go for melt- I did ok on the Army half dollar but I watch it closely. If you are not into coins you may want to avoid numismatics. the coin chat section has some good tips now and then though. Most of the silver dollars seem to sink which could eventually lead to winner

 

you can score big now and then if you watch it closely and if you flip them

 

ill pay 50 bucks for all your silver buffaloes

you win some you lose some thats the nature of the game. if you add all the comems since 1982 including clad silver and gold you wont be doing too shabily if you bought them directly from the mint at issue price.

 

I agree buying for the us government has never really been a viable business plan at least recently

 

I sold nearly all of my modern commems only because I was down-sizing my collection, but to be honest, there were very, very few that were really attractive. I decided to stop collecting them altogether when the Mint issued the Little Rock. Talk about an ugly coin! The American Bison, Ben Franklin's, USMC & the Old SF Mint were some of the nicest, and they sold for a premium over the original Mint cost.

I think the biggest flops are the American Legacy sets which originally sold for a ridiculous premium when they were issued by the Mint. Stupidly, I bought four of the 2005 sets, which I still have, only because they included the USMC commem. Who knows? If silver goes back to $50/oz. before I die, maybe I will be able to break even on them.

Chris

 

When posters feel they have made a valid point, they like others to notice it. They feel more important, which is also good for their confidence, especially when responding in other threads. If no one notices it, they will start a new thread to express their idea and get more attention. Kind of a human nature thing. It is more prevelant with younger people than older ones. I don't see it as a serious problem however; but since you asked.......

 

Only the higher mintage ones and those are selling for more than their lower issue price. Try buying the lower mintage ones for half the issue price - some are selling at 20 times their issue price.

Now, try selling your bullion coins for more than you paid for them last year.

 

You're smart.

I wonder who the idiots are that are buying the coins for $65 and selling them for $25-$35? :devil:

 

Greenie, have you been reading my How to Become a Comedian in 21,000 Posts?

Chris

 

Is that the one that's on this weeks New York Times 'Best seller' List? I've yet to pick that one up Chris......:devil:

 

I think it's on their "Best Smeller" List. They're running a special on it........2 for the price of none.

Chris

 

The Jackie Robinson four-coin set had a $460 issue price, with each gold coin having a $205 price tag. That means the silver pieces each had an issue price of $25?

I think that set might represent one of the highest appreciations of PM based commemorative sets, and none of the coins are anywhere near 20x the issue price... unless you're including PCGS MS70/PF70 coins or non-modern commems.

 

Check the 1996 unc Olympic dollars issued at $27.95, now selling for around $300-$500.

 

hahahaha