How do you think I did? (First Bullion trade/purchase)

Today I traded a 10 oz silver bar for the top row of coins:

2008 Perth Mint Lunar Series II 1 oz Mouse
2012 Perth Mint Lunar Series II 1 oz Dragon
2000 Perth Mint Lunar Series I 1/2 oz Dragon
2001 Perth Mint Lunar Serieis I 1/2 oz Snake

and I purchased the bottom two coins for $100 cash:

2004 Perth Mint Lunar Series I 1/2 oz Monkey
2008 Canada Maple Leaf 1 oz

Since this is my first time trading or purchasing silver numismatics, I just wanted some opinions on how I did.

Thanks everyone!!!

 

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In Silver, bad, obviously.

But if you don't care about the silver and are more into the collectible value then it's worth whatever you're willing to give for it, so.. good.

 

Looks like you traded 10 oz of silver for 3 oz of silver. Though these are "Collectable bullion" I consider bullion bullion and nothing else. I'm sure you got a good deal.

 

I would have gave you a better deal.

 

sorry man you got hosed a little bit on both accounts.....

 

Considering bullion bullion and silver silver is just wrong nowdays imo.

Ive personally sold some rare and yes collectable silver rounds for way over premium many times. Sometimes 5 times their silver value, and I know in a few cases people sell certain rounds for 10 even 20 times their silver or gold value.

I had a full set of star wars 1987 rounds that had a pretty low mintage and where nice looking coins they sold for about 4 times silver weight.

I have a johnson and matthey 1986 freedom set that gos for almost double silver weight.

and although I personally don't mess around with MS70 slabbed bullion rounds people do pay 2 3 4 or even 5 times their silver for them or even more.

Its all about desire and some bullion rounds can be quite desirable. I myself want a few dragon rounds.

 

^
As I said, it is worth whatever you are willing to pay.

Some people do pay premium for low mintage bullion, just as they do with circulation strikes.

There is a market for it so you'll always be able to get some or more of your money back.

However, for future reference, do check eBay for finished auctions and see what people are paying and go from there.
It's the same advice given to me here and it has helped me out a lot in my short time collecting.

In all honesty, looking those up, you were in the ballpark with them. You traded $320 in silver for about $300 in collectable bullion.

 

Ninstarmon,

If you are happy with this trade and if you are very happy with what you have, then I that is what matters. People say that an oz of silver is just an oz of silver and it all melts the same. That is true but it does not sell the same on ebay and elsewhere. There is (and will always be) a collector market for certain types of collectible and numismatic silver coins and bars. From what I understand and observed, those Lunar silver coins sell for huge premiums over spot on ebay especially the Dragon coin.

If you are a collector, then buying what you like is what really matters. As a collector, being happy with what you bought matters more than what you paid for it. With that said, it does not hurt to shop around for the lowest price on a certain collectible silver piece and that comes to DYODD on what you are trying to collect. DYODD = Do Your Own Due Diligence.

If you are an investor or a stacker, then buying silver for the lowest premium matters IMO since this type of PM buyer is buying the most number of oz's for the lowest premium possible and does not care about and will not pay the "collector" premium to get it.

I fall in the "collector" category when it comes to PMs (mainly silver) because I love to collect silver art bars and, in the past, I have paid a large premium for several of the very rare on ebay.

 

I don't follow it much but the Perth mint stuff seems to be very collectable. a lot of it goes for a good buck and gains over time. If you did your homework and it seemed right then you should be OK. I have many coins with numis value and enjoy them. nice to make a buck too. also stack plain bullion for that part of the market. both types have their place.