Good to collect? or NOT good to collect?

I would like your opinion on this coin? Do you think this would be a good investment for the future?

https://www.govmint.com/2020-1-1oz-...65BS&msclkid=2fbf2425a93318d6b1687b7cd2a0666c

 

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No, I consider it damaged. It might be a collectable token, but not a coin.

 

NOT good

 

There is a HUGE difference between "collecting" and "investing" . . . . . .

 

Govmint.com is not a true mint and can not mint "Coins". The USMINT.Gov is the true mint. This coin was minted by by the mint, and the GOVMINT.com bought them and applied a microthin layer of other stuff on them. However you can buy the same coin with a W mint mark from the actual mint for much less ($54). The one in the GOVMINT ad has No Mint mark that I can see. Save the $15 and invest in the one from the USMINT. you'll probably see a much better return from that.
If it is just 1 oz silver rounds you want, there are plenty of places to get them cheaper.

 

Mr. Puck,
I sincerely hope you consider Mr. Digger’s excellent advice.
J.T.

 

These private mints have been colorizing coins for years. I believe you’ll find serious collectors believe they are damage and junk. Don’t waste your money on them.

 

If you like it and want to collect them, then yes they are good to collect. If you are wanting to know if they are a good investment for the future, NO. They are just a plated bullion silver eagle and no dealer is going to pay more than bullion melt for them. So as soon as you buy them you have lost about $40 each on them. Silver will have to go up a LOT just for you to break even let alone get a return on your "investment"

 

The father of a friend of mine bought a ton of that kind of stuff from the carnival barkers and snake oil salesmen on late night TV, made by those pseudo mints. When his father passed away the kid couldn't sell any of it.

 

The short phrase is “piece of junk” if you are hoping to ever get your money out of it. You are free to collect whatever appeals to you, but this thing is not something most collectors admire.

 

you beat me to it.

"Piece Of Junk" is appropriate.

 

As soon as I saw "govmint" in the URL, I knew the answer was to avoid it. Didn't even have to click on the link.

 

No way!
FYI Rose gold is industrial gold. Seems to all the rage at chain jewelry stores.

 

Every day heirs of the people who bought this stuff take them in to coin shops and hear the sad news that their relative "invested" thousands of dollars in things that are worth pennies. The ones that contain precious metals are bought for melt. The rest are rejected. If you still like them buy in the aftermarket or ebay for a greatly reduced price.

 

as mentioned "govmint.com" is not a government entity.

It does look "cool" doesn't it. I've seen those before. MerrickMint.com is the same as they take US coinage and plate them and sell them. They add no real value to the coins they are just jewelry, altered us coinage.

and unfortunately in that type of condition they are only valued by someone else who wants it like that. I'm not sure what any of the ASE dealers out there would do with any of those in that "condition" except for melt value (or less in this case). They are not just "damaged" but they are plated over the real thing. It's like you buy a vintage car with the original paint and then just use rattle can paint to make it look pretty.

 

it's plated, and in a sense, technically a damaged coin.

it will only be worth melt value down the line, and rose gld and whatever not even a factor as far as the plating,
What gov mint is selling is a plated bullion coin.
you can get the same silver coin, not plated, from Apmex for $34.22 currently.

it may not increase in value, silver might go even cheaper in the coming years/decades, who knows, but at least you aren't getting charged and additional $30 for some plating being added to it.

coins aren't "investments" they are "collectibles". if you want "investments" in a precious metal sense, buy silver bullion or gold bullion as close to spot price/melt value as you can, or cheaper if the opportunity arises. even the APMEX silver eagle is a bad purchase in this sense with the markup on it, they have rounds at closer to spot than a silver eagle coin.

 

Sorry, I don't do links but I do pay attention to those who do. Be safe not sorry.

 

My father, now passed, collected garbage like that. My brother, not a collector, looked on our father's collection and thought he would be able to get out of debt with the garbage he collected. He took it to a coin store and the owner tried to be as honest as possible without hurting his feelings. I never did find out what he did with those "coins". He was devastated. There were some good items there that were silver. He asked me to divide it up and let him have his share. This website is the most honest group of people you will ever find for coins. If you want to get into coins, buy the books first.

 

As mentioned if you like it get, but you can likely find ones cheaper on eBay. If you want to invest buy stocks

 

Í found them rather unique when I first saw them. But after closer observation looks like they let some child paint the rose gold on them.