Did anyone else puck up?

Silver has steadily gone down since the early days of the US Mint selling off their national park silver 5oz pucks. At the last minute I bought a Yosemite and I know of other's here who did the same thing. Some collectors bought a whole bunch of them, maybe they sold on ebay idk. You still got yours or did you sell? I guess I'll just hang onto it or trade but I was just wondering if anyone else feels like they should have bought something else? Hey you can't buy a winner all the time. That said, I'll get my money's worth but it'll be a trade. Anyone?

 

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Yes, I still have mine. Being a treehugger, I like the parks quite a lot. I only purchased the puck if I had been to the place and actually liked the place. I have Yellowstone, Yosemite, Grand Canyon, Mount Hood and Glacier in matte and Mount Hood, Olympic and Chickasaw (I've never really been here; I just really liked the design of the coin) in bullion. I have no interest in Hot Springs, Gettysburg and Vicksburg so I have none of those.

I plan to keep them until the reaper comes for me, as I bought them for what they signified to me. The future direction of silver will have no impact on my retention or sale of them.

 

I like the pucks, but i really don't ever pay a premium for silver because I just get generic silver rounds at spot price. I have bought quite a few of those recently.

 

Im exceited about the Hawaii volcano puck. I think that is going to be a beautiful coin.

 

I picked up the Gettysburg puck, payed a premium for it from the mint, but it is nice and fits my civil war area of interest. I am keeping an eye out for the Vicksburg one for the same reason.

 

Glad to hear from happy buyers. Every time I think about how to get money to buy a new coin, the puck always comes up as a way to get money but I don't want to lose money simply b/c the price of silver is down. The coin looks great so I could easily just keep it. The bottom line is it depends on what I run into in the world of trades. Lucky for me I collect a few different items so everything usually evens out in a trade. All it takes is one look at that puck and I want to hang onto it, we'll see.

 

I'm of the belief that the way these have stagnated so early in the game, they'll end up being a huge sleeper down the road. The big early interest and then the drop off the cliff embeds that idea even more. So just on a hunch, I'd say hold for long term. (please keep in mind that this advice is probably worth what you paid for it, or worthless.)

 

I find most of my silver out of the earth where others have lost it.
It dosent bother me if its up or down i gain either way.
I like silver same as anyone else and i know if i had the funds id bought same as many here.

 

I have a few myself and will likely just buy the designs that appeal to me. These are really just bullion right now. Not sure if that will change, but I really do not see long-term numismatic value even on the low mintage issues. IMO, the regular sized silver ATB quarters are flying under the radar and may command a nice numismatic premium in the future. TC

 

Providentmetals has them listed on their web site for $155, but at that price, of course they're out of stock.

 

Yeah they went fast the other day when they put it down to $155. I bought a Glacier NP graded BU First Strike by PCGS from APMEX for $164 yesterday!! So I was pretty happy about that and the same coin raw on APMEX is going for $171, so I'm happy with my purchase.

-Cheeks

 

Ouch!! Alright already, I can't take it anymore.

 

My rule of thumb for buying coins is not to buy them if they are ugly and/or gimmicky.

 

I don't think they're ugly or gimmicky and I would like to own some eventually, especially the ones associated with our favorite national parks. Plus, I don't own any 5 oz coins yet...

 

I purchased three sets. Two graded, one raw. I was able to sell them for what I paid and kept one coin just for collector purposes.

 

I see at APMEX the graded BU Glacier 5 oz. are still cheaper than raw coins. I'm pretty new to this, so could someone explain a few things to me? It's my understanding that anything Brillian Uncirculated is MS65 or better. When these were graded, why did they receive a BU designation rather than a specific number from 65 to 70? With the lower price than the raw coins, does that mean the graded coins are going to be on the lower end? Does anyone think it would be worth the extra few bucks to get the MS69 DMPL? I've never owned one of these or even seen one in person, so I'd appreciate any feedback. Thanks.

 

The only reason that i decided to go with the graded BU was because it's a guarantee that the coin is in fact real. I only bought this coin for bullion purposes and not for the numismatic value. I didn't see the need to spend extra money to get the MS69 DMPL because I couldn't see people paying much of a premium for the grade in the future. But it all depends on what you are looking to do. Are you looking to buy for bullion or for your collection? When it comes to collecting, you should buy whatever makes you happy.

-Cheeks

 

Thanks for the info. I would mainly be in this for the bullion as well. However, I'd like to get a quality example of this coin for the extra few dollars if it was anyone else's experience that there was a big difference in the quality as the grade drops. At the same time, I don't want to throw money away if there isn't any real return. I figure I can invest for bullion purposes while still having a little fun as a collector. I just thought I would ask everyone's advice and educate myself a little bit before deciding where to get started.

I've tried to find info on why something is graded BU vs. a specific number, but no luck. The fact that these are cheaper makes me confused. If there is a cost associated with grading coins, and they are a lower price than even the raw coins, it makes me think they are of a lower quality. Is this a fair assumption? Thanks again.

 

Oh no problem, but I think you'll still be getting a nice example of the coin with the First Strike designation at a BU grade. I personally just went with the graded over the raw coin because of the price. You gotta remember these large companies are only paying around $5 to have these coins graded, whereas you or I would be paying at least $30 plus shipping and insurance. And APMEX reduced the price of the graded coin, I'm sure to get rid of them. And when it comes to grading coins, it depends a lot of the age of the coin, most of the newer coins are going to be seen with a higher grade, and many of your older coins are harder to come by in a higher grade, because they're 100+ years old. You will see a drop in quality of the coin as the number drops, but you would need a good eye, in my opinion, to see the difference between an MS-64 and 65.

-Cheeks

 

Just got these babies today!! Love it!

-Cheeks