MS/PR 70 Bullion Coins - Do they fit in a traditional collection?

@john59 . Depends on the coin, but the simple answer is yes.

If I want to invest my money, I can think of many better places to put it than PM's. Thus, I'm not buying them with the hope that I'll reap some big profit some day.

 

Log in or Sign up to hide this ad.

On Bullion coins

 

If you invest money Don't you want to make profit ?

 

"Heck I even bought one of these and it has held its value pretty well for a couple of years.."

That's a beautiful coin deserving of its' grade.

 

@john59 , I collect coins for a hobby. I invest my money either in real estate or the stock market.

I understand you can buy and sell PM's short term and make a profit, but it's tiny per piece, the market is crowded and it's an awful lot of work for a small return. Most of my coins are pre-modern era. When I buy bullion pieces, I either buy them in OGP or graded. Some are 69's and some are 70's. I'm not counting on any of my collection to see me through retirement.

 

This argument rears its' ugly head periodically on CT. Does it really matter? Some like graded moderns and some don't.
People collect what they want.
I have many PF UC 70 coins, MS UC70, etc. My first graded coin
was a 1924 "D" St G $20.00 in a old NGC MS63 holder.
Live and let live.

Peace, Love and Eternal Cosmic Wisdom to all.

 

"I understand you can buy and sell PM's short term and make a profit, but it's tiny per piece, the market is crowded and it's an awful lot of work for a small return"

Some PF/MS70 moderns can return massive profits when compared to the same coins ungraded or MS69.

 

I don't see myself paying 10-20 or more over spot for bullion coins. As for investing, there's a lot of people who put a great amount of money into their collections. And hope they will get a profit from it. Like yourself, I would not expect to retire from it.

 

"And hope they will get a profit from it."
Making a profit is never a primary motivation for the purchase of any of my PF/MS70 coins.

 

Do you think bullion fits into the traditional collection? Would you pay 10-20 over spot for a bullion coin?

 

@john59 , if you're talking about the pure bullion pieces that are made by the U.S. Mint, but only sold to master bullion dealers, than I can see your point. You cannot buy a burnished American Eagle or a Proof American Eagle, still IMO, bullion pieces, at or around spot. If you can, whoever is selling them is losing their shirt.

Many of the numismatic pieces in my collection have increased in value since I've bought them. When I look at my collection overall, according to the price guides, it's worth more than I paid for it. However, the only way I'll really know whether it's worth more is when I sell it. I do not plan to do that for a number of years.

I contend that most people could make a hell of a lot more money by investing in good stocks and mutual funds than in buying coins. In 2006, I made an $8200 investment in a stock. Today, it's worth over $87K.

The S&P 500 has returned, on average 12% since it's inception. Much better investment that PM's and most numismatic coins. And it's a no brainer.

I don't want to sidetrack this thread, but my intention, when buying bullion pieces, is to add them to my collection. I'm careful with what I'll pay, but in the big scheme of things, it's not critical.

I believe my numismatic collection has a much better chance of increasing in value than my bullion collection.

 

I'm talking about pure bullion coins. Not numismatic coins. would you pay for the 69-70s 10- 20 times spot or more. Would you add something like that to your traditional numismatic collection and pay those prices?

 

"I'm talking about pure bullion coins. Not numismatic coins. I see some of the 69-70s going way over 20 times spot or more."

Most ms69 coins I see aren't worth much more then the same coin ungraded. Post some examples of pure bullion coins, ms69/70, that are going way over 20 times spot or more.

 

I have not paid over 3x spot for a 70 coin. I did pay a little over 10x spot for a couple of the early ASE anniversary sets.

You are correct too. I would not pay those types of premiums for bullion coins.

I can't explain why I pay the US Mint premium for the burnished ASE's. Call me crazy on that one...lol.

 

Last night, I won an eBay auction for a PF69 UC First Day of Issue 2015 US Marshall 225th Anniversary bullion piece for $52! Free shipping. I can't get one in an OGP directly from the Mint for that price.

I didn't care about the First Day of Issue label. It just so happened to have one. I ordered and received one of these coins directly from the mint too. It arrived with tiny scratches on the star in the center of the coin. I ordered another one (on back order) and plan to return the first one I received.

I'm hoping the second one will arrive without the scratches, but I hedged my bet so to speak and started bidding on some PF69's on eBay. I couldn't believe I won that commem last night.

 

It's would you pay 10-20 times spot

 

That a good price the last I looked it was about 63-69$ for a 69

 

When I'm looking to buy a 69 coin, I factor in buying price (bullion spot or US Mint price) and add some for grading. That's what I consider my bench mark.

 

amazed - "It's would you pay 10-20 times spot"

Are saying that a one ounce silver bullion coin graded pf/ms70
might sell for 10-20times the spot price of silver?

 

Heck, I can get a '69-'70 straight from the mint. Why do I need some piece of plastic to tell me what I have?