$400 for an oz of silver.

Discussion in 'Bullion Investing' started by Detecto92, Nov 8, 2013.

  1. Detecto92

    Detecto92 Well-Known Member

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  3. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    It's due to the low mintage (2500) and high demand. Are those rubies for its eyes?
     
  4. xGAJx

    xGAJx Happy

    That's a large silver premium.
     
  5. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    They're Swarovski crystal eyes. They do command a very large premium, go back and look at the owl, wolverine and others...big dough for each of them
     
  6. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    Yeah, they aren't simply bullion. They are coins with very low mintages.

    You wouldn't refer to an 1895 proof Morgan dollar as '$X,000 for under an ounce of silver' ....... Would you?
     
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  7. BigTee44

    BigTee44 Well-Known Member

    I had both the Hedgehog and the Owl. Sold the Owl for $800 and the hedgehog for $650. Big demand for these. Limited to 2,500 mintage.
     
  8. xGAJx

    xGAJx Happy

    That's a large silver premium.
    im kidding lol
    I understand the significance of the design and understand that the very low mnitage and high demand makes up the high price.
     
  9. Tinpot

    Tinpot Well-Known Member

    Did those debut for $400 too? Or how much did you pay if you don't mind me asking?
     
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  10. BigTee44

    BigTee44 Well-Known Member

    $189 from Eurocollections. Now I think that company and Downies are the same company.
     
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  11. YoYoSpin

    YoYoSpin Active Member

    5ss (1.9 mm) "SWAROVSKI ELEMENTS" (rhinestones) run about $3.00 per gross wholesale.
     
  12. medoraman

    medoraman Supporter! Supporter

    I agree there is no sense comparing bullion value to the price of a desirable, low mintage coin. I don't concern myself with what the melt value of a roman denarius might be.
     
  13. YoYoSpin

    YoYoSpin Active Member

    By those rarity standards (400/21 = 19 to 1), Daniel Carr pieces should bring a premium of about 50 to 200 times their going prices. For example...the 2013 20 Ameros one ounce silver Liberty & Puma (which is a really good looking coin) sold new for $75, and goes for around $100 to $150 on the secondary market. Total mintage = 205 coins.

    [​IMG]
     
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  14. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse


    Again, you cannot compare them. Carr pieces are bullion. Artistic, yes. Desired, yes depending on the subject matter. Actual coinage produced by a gov't entity and carrying an actual face value, no. They are forms of art and as such probably won't see any significant rise in value until he dies; just like every other artist before him.
     
  15. medoraman

    medoraman Supporter! Supporter

    Goes back to the whole debate pf how important is mintage. Its always illusory, and effectively meaningless. If only five survive, (which I have some ancient coins like that), but only three people want one, what is the value?

    Best thing to say would be, "mintage of X but there appears to be greater demand than X because the price is appreciating". Anyone making a purchase decision only on mintage should look at crap like Somalia guitar shaped coins, and similar pseudocoins. Mintages will not by themselves ever create demand.
     
    YoYoSpin likes this.
  16. ClarkCoins

    ClarkCoins Member

    Wow that's a gorgeous coin
     
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