Question about the large coin distributors out there

It makes no sense to me at all that a MS-69 would be worth more than a PR70 DCAM. Lots to learn for sure...

 

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I'm a bit confused as to what you want to do, but if you are trying to invest in precious metals, I think you will be better off buying non-slabbed American Silver and gold eagles -- true bullion coins that track the price of gold and silver. Other forms of bullion also are available as many in these forums can advise you on.

And, at least for my money, your PM investments should only be a small part of a diversified investment portfolio.

 

I openly admit modern commems are not of particular interest to me, but may I ask if you looked closely at and noticed a certain something different (other than grade, TPG, etc) on the labels? I'm guessing this is the key to your confusion...

 

And when I read this old thread : https://www.cointalk.com/threads/ms-vs-pf.163557/
I would take it as the Proof should be worth more. I guess the Business strike was much less in mintage and slipped through the cracks ?

 

I was told that before and will do a little of that, I also buy and sell stocks, swing trade mostly... With these coins, I just see much more value in buying hard to find gold coins early, than I do just loading up on Gold and silver and hoping the tide turns for metals...
It just feels right, if gold didnt move a penny in 7 years. To purchase 10 each MS-70 high relief @ $2000.00 vs 10 each Ungrade gold eagles at 1420.00 based on the ULTRA High relief 2009 prices of today and mintage of 115K.
Now, I know that is an assumption of future value and a risk. Just feels like, worst case scenario the eagle would be 1420.00 in value and the then, harder to find Ms-70s 3K ? or could they actually go backwards in value and decrease to the ounce of gold price ? I don't see that anywhere...
Keep the info coming, love this stuff... And I really appreciate it...
And i found the answer about Jackie Rob. coins... Just had to google it...

 

Again, I'd be VERY careful about using the 2009 UHR as your standard. That was a rather special issue, partly, even mostly because of the design and isn't likely to be replicated by the 2015. No matter how much sense it may seem to make to you, it is not a good indicator of future performance, especially of a completely different coin. Perhaps think of it this way: if such returns were guaranteed, and considering how many simply assume coins to be good investments (we see it here all the time), why do you think the demand for such coins isn't already outpacing supply with skyrocketing prices?

 

Start by looking at the mintage's for those coins. The uncirculated coin has a mintage of 5,174 and the proof has a mintage of 24,072. You could then look at the respected TPG population reports and see how many have graded at what grade, etc.

 

Very good.

 

Plus proofs are made more carefully, so the "perfect" PF70 is much less rare than the almost perfect uncirculated MS69.

NGC graded 558 MS69s and 259 MS70 (the MS70 is for sale for $3,145 btw)
PCGS graded 1778 PF69s and 162 PF70s out of 2,030 graded

Yeah, nutso

 

There are three kinds of people involved with coins- 1. Collectors, 2. Investors, and 3. Accumulators. The vast majority of people, whose posts I've read, on this forum, are Collectors and have a collector mind-set. (the coin collection I'm selling off for a collector's wife, he passed away, was actually an Accumulator and I'm going nuts trying to organize and then sell coins that really don't interest a Collector). IMHO Collectors buy coins for the beauty of them and for the history they invoke, we consider the price and try to get the best buy we can, but don't buy them with the idea of making a huge profit (if any) when we sell them. We do buy bullion as a PART of out investment portfolio, the accepted percentage is 20% of your overall plan, but the majority of coins we buy are not a part of this investment portfolio.

Occasionally we buy a coin that turns out to be a great investment, but it wasn't bought for that reason. I own the type 1 and type 2 1908 Saint-Gaudens, I bought them because I got a good buy on them and I think they are one off the most beautiful American Coins made. Over the years they have appreciated nicely, so what I bought as a Collector turned out as a good investment. On the other hand (I have five fingers) some of the coins I bought ten, fifteen years ago have not appreciated very much, but I still enjoy looking and handling them.

As a Collector, I don't expect to make a huge profit when (and if) I sell my collection. I do expect to make money on the bullion I bought (silver at $5 an ounce and gold at $400 an ounce when I started buying), but that has nothing to do with my collecting. I think Collectors have a hard time understanding and giving advice to Investors, because we buy coins for different reasons. My wife bought me the 2009 High Relief gold coin, because she knew I wanted one for my collection, but wasn't sure it fit into my budget. I bought the 2008 four piece Buffalo Gold Set, because I like the Buffalo design, not as an investment, but that too has done well.

Except for a few people, I think you may have come to the wrong forum to discuss coin investment. There are people here who are know enough to give advice, but I think the majority really don't think about coins as a way to make money, but as an enjoyable hobby.

 

That sums it up wonderfully