Buy directly from the u.s. mint only

I don't see why anyone would want to pay $29.99 for a ASE when Apmex has them for $1.99 over spot...unless they are cherry picking 70's asnd returning the rest for some poor collector to buy and find the coins they got are really just 2nd hand for a 1st hand price...

as a strenght of buying from the mint one could cherry pick 70's and or buy at release and resell for a premium on E-bay which I do as far as "exclusively" buying from the mint? (......................) <---my response

 

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There's something special about getting a gem directly from the USMint and having/keeping it in its original package. I'd buy directly from the mint; I have started to really appreciate originality and substance over redundant plastic enclosures, regardless of of the premiums.

 

I agree, I prefer my silver eagles come in mint tubes rather than in an enclosure with something beside the coin with the mint's blurb on the coin, or worse yet, a slabbed silver eagle, talk about a waste of plastic and money. The only slabbing that silver eagles deserve are the first strikes, and even than, I wouldn't buy them because I don't buy slabbed bullion.

 

it's bullion sure! but it's also a coin and is worth more then spot price. so why care about if it's slabbed? if you were able to get a 2008 ASE with the reverse of a 2007 ase in ms70 for say $80 you would just ignore it?

 

you can buy whatever you want, I'm just saying that when I buy American Silver Eagles for my collection, I buy them for their silver content. In other words, I buy them to invest in silver, I don't look for rare verities when I buy silver eagles because when I buy them, I seek to invest in silver, not to engage in the hobby of coin collecting, I buy wheat pennies, Mercury dimes and other coins that were meant to be collected and/or used in circulation at the time of their minting when engaging in the hobby of coin collecting. Now if I were to find a 2008 ASE with the reverse of a 2007 ase and the person selling it was asking much less for it than I've seen them sell for, I'd consider buying it and selling it quickly at a profit, but if I'm buying silver to add to my silver holdings long term, that's when buying slabbed bullion is a waste because when silver prices skyrocket, the slabbed bullion and the error american silver eagles such as the 2008 with the 2007 reverse, although, they'll still be worth more than the non-slabbed, non error ASEs, they won't go up nearly as much on a percentage basis as their non-slabbed, non error counterparts.

By that, I mean that if you had $1000 and you wanted to invest in silver, you'd make alot more money if silver went to $50/ounce if you were to buy 50 non-slabbed, non-error ASEs for $20 apeice than if you were to buy 10 2008 ASEs with the 2007 reverse for $100 apeice, especially if the 2008 ASEs with the 2007 reverse only goes to $150-200 in that senario, which would leave you with $1500-$2000 upon their sale, whereas the sell price for the regular ASEs without the slab could be sold for at least $50 each if silver goes to $50 per ounce, which if you had 50 of those, that would bring in $2500. That's why I don't buy slabbed bullion, but if you enjoy buying buying rare varieties such as the 2008 ASE with the 2007 reverse, than go for it, it's your collection, you know what you enjoy, I'm just saying that when I buy ASEs, it's for the silver content and that I don't like paying big premiums over the silver content for my bullion, which is what I consider my ASE purchases to be.

 

Why not buy on the secondary market? For one thing,especially with proof sets, the holders can be opened and the coins switched. I'm not accusing you of doing that, but maybe thats one of the reasons for the sets losing their value. For proof sets i'll always buy from the mint. The fact that they lose some of their value doesn't mean that much to me because i dont plan on selling them. You only lose money when you sell.

 

I've bought from a on-line coin dealer and also from an on-line bullion house. Both delivered exactly what they described in detail. And they were very courteous and FRIENDLY. With the mint it's a toss up for mint proof and silver proof sets. The mint is just too removed and unfriendly.

 

it's an investment which is a way to make money "TO INVEST"
simply limiting yourself to only one way of investing is not the best way to growth wealth. Why do you think the smart people like warren buffet say "diversify your investments?" as for the question below I see we have different opinions I would like to own such an error but I see there is more potential in doing the market place strategy

how would you feel if you could find a coin worth say $700 for $80? would you buy it? your answer : NO I only want non slabbed coins

my answer : YES I would definitely buy it up and probably resell it for close to that $700 mark if possible in a short time so I could rebuy more such errors and/or buy more ASE's from Apmex.com

I just don't see how limiting yourself is a good thing unless it's not allowing yourself to buy more silver and ignore paying the house or rent payment, food,electrical bill, ect...

P.S. I've made about $1,000 out of $700 in the past 3 1/2 months which I used to buy more ASEs simply by not limiting myself and buying up any and all OBW rolls from banks for face value and reselling

 

A good example are the First Spouse gold coins that you can buy from Apmex for less than the Mint is selling.

On the other hand, I have made a paper fortune on the Buffalo sets I bought. Was it all just luck or was it because I bought what I thought were beautiful coins and didn't buy any of those ugly First Spouse coins?

Until I get burned, I'll continue buying from the Mint what I personally think is more attractive.

 

I think the first year (2007) Spouse coins were in the $400 range, They are now in the $520 range. A 20%+/- increase. This during a time when all other assets experienced a 20%+ decrease.

 

A good example of why you should diversify.... Those new 09 pennies the first batch People paid up to $10 a roll for them now can't even sell them at $4 a roll for them. LOL