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

I'm asking would you pay 10-20 times spot for bullion coins? It could be silver, gold, platinum, any bullion coin.

 

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If you missed buying from the mint, buying a graded one in 69/70 ONLINE is the safest bet. Sure you can get most of the in OGP, but I would rather buy these in person than online.

 

Of course not. Show some examples of these coins selling for 10-20 times bullion value.

 

I see one dealer selling a 2007 AE 1/10 Platinum and is graded MS-70 First Strike by PCGS! $1.398

 

apmex 2007 AE 1/10 Platinum and is graded MS-70 First Strike by PCGS! $1.398

 

Clearly, It is not a run of the mill "bullion" coin. It is from a
a population of only 20 coins.
http://www.apmex.com/product/25992/2007-1-10-oz-platinum-american-eagle-ms-70-pcgs-first-strike

A couple of years ago, I bought, with a premium, a beautiful 1oz gold PF70 Mexican Libertad .It's population was, I think, 300 it is not a "regular" Libertad hence the premium

 

It's still bullion I don't see the premium for one point more

 

I'm losing patience. Clearly, a run of 20 coins is not considered regular routine bullion coins. Besides, if you have trouble with them then don't buy them. Other people will buy them.

 

First off, I don't care if you're losing your patience. You didn't read the post. Do you think bullion coins 69/70 fit in a traditional collection? Do you think paying way over spot for 69/70 is too much?

Of course people will always buy them. I'm not the one that's having a problem with the price. I'm asking the forums if they think if it's too much. Very simple question.

 

I read the post. Do you have a"traditional" coin collection? whatever that is. People collect what they want to collect unless you are the arbitrator of "traditional" coin collectors.

"I'm asking the forums if they think if it's too much. Very simple question."

Coins graded/ungraded are worth whatever they sell for.

 

I still think you don't get it. At least for me, there is a big difference between numismatic and bullion.

 

I agree with john59. I collect "both," but the majority of my budget goes into bullion. I recently bought items from a member here (and was very pleased) and that's my first "numismatic" purchase since Christmas. I save up and buy bullion in bulk, and I would estimate that 2% to 3% of the 90% silver is "too good for bullion," and they either migrate into my album collections or into a big plastic jar where, given the opportunity, I swap 2 of my "too-good's" for 3 of someone else's commons, i.e., just-average Roosevelts or Washingtons. Mine tend to be AU "slider" Mercury Dimes of the 1940s; those are my "flavor" of Proof 69-70's.

I've found a few traders on that basis. Hard to tell what they think.