Collector vs silver or gold content value

Wow, with gold at $5000 an ounce, collector value vs gold seems to upside down. I used to be concerned paying so much for collectable gold coins with far less gold value than collector value. That's no longer the case, almost upside down.

 

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I am not much of a gold guy, I like buying it when the price was right. For me it is the constitutional silver I like varieties so I never had a problem paying up for a piece. With 110 silver. I really have to like the coin to buy it. My premium that I was collecting is now gone. I takes time for the premiums to build. If I sold them now, I would be taking a loss. I would make money on my investment, just for someone else to reap possibly a 100% profit.

I really don't see a major reduction in value. A think a levelling is happening soon.

 

We always said this was a hobby and not to worry about the investment implications.

I don't think we are LOSING money on our silver/gold coins....but we are finding out that the PREMIUMS we paid for are being eroded. In a bull market, bullion is king not numismatics....and we're learning that the hard way.

At least the premiums I paid for gold years ago have been more than offset by the higher gold price. I'm up (for whatever that is worth ) but not as much as the price of gold has risen since my purchase. Bigger premiums paid on silver have absorbed 70-90% of the rise in the silver price so I might need $150 silver to make up for the premiums I paid on many of the commemoratives and few MSDs.