2017 Silver Krugerrand your thoughts on investing in these

Thanks all! I appreciate your replies. I am slowly moving up the learning curve.

Until the late 1990s, I have a purchased raw coins from local coin shops. Then, when I began online purchases, I focused on slabbed coins. It seemed like a big deal back then to collect proof 70s. I remember there were online businesses that focused almost exclusively on selling modern proof 70s. Being new to buying slabbed coins back then, I thought buying the highest grade was the way to go. With proof 70s selling at extraordinarily high prices, I think what happened was that many proof coins were being submitted to TPGs in hopes of getting one returned as a proof 70. Eventually, the population of these coins increased and their values decreased. I am sure that the more experienced collects here are already aware of this. I still have many of these coins that are now worthless. Back then, I bought a PCGS PR70DCAM 1983 S Kennedy half dollar for $450. I just checked the PCGS price guide and it is valued at $70. Unfortunately, I learned the hard way.

TheMont hit the nail on the head. Last winter I bought a beautiful PCGS AU 58 CAC 1932-S Washington quarter for $300 that I wouldn't trade for one graded MS 65 that's selling for more than ten times that amount. I think that I enjoyed buying raw circulated Indian Head pennies as a kid more than breaking the bank trying to buy top graded slabbed coins. As a kid, I focused more on the coin. Later on, I seemed more focused on the plastic slab.

In conclusion, I realize that I have placed too much emphasis on a single (grading) number when there are so many other factors to consider. For mint state coins, what do these numbers actually represent? It doesn't seem to take into account ugly toning with black spots. It doesn't seem to take into account how well a coin is struck. So, if I decide to buy a proof silver Kruggerand, I will take your advice and focus on the coin and not on the slab.

 

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In that case, doing so is pretty straightforward. Unless you pick one that got abraded when its capsule popped open, they're universally all pretty darned flawless.

 

You will find that many times highly graded coins like PF 70.s especially in new
Releases will demand huge premiums that almost never can be recovered, so only
If it,s something you really really like and you know in advance that you wont
Get that back is that a good idea, personally not much in to grading a bullion
Coins as there isnt much point in doing it, raw B/U is always good enough

 

Not in my book! Although it's a great looking coin, it's still only an ounce of silver! In a year or two, the novelty with wear thin and the price will drop. Personally, I'd stick with ASE's, better fluidity.

 

As previously stated, these do not seem to be a good investment. Collecting them is a completely different subject. They are the first of their kind, and nice looking. I will no doubt get one at some point. The proofs, I will have to take a pass on due to the high prices.

 

I agree with this. The non-proof BU is completely stunning in its own right. If it were a U.S. Mint product, it almost certainly would be marketed as a "reverse proof". The devices are mirrored and the fields are matte.

 

Down to $37.49 ...getting closer to where I would purchase one.

http://www.ebay.com/itm/2017-South-...152971&hash=item361ee47099:g:TZIAAOSwSypZAQ9O

 

I believe this special finish is the reason they call them "Premium Uncirculated" (unfortunately the abbreviation of "PU" isn't too flattering).

Other world mints, like the Perth Mint, also use a similar "reverse proof" finish for their bullion coins.

 

Everyone who owns one will always hope one day people recall the silver anniversary of the krugs and drive the demand but it will never be more than pretty coin with a heavy premium

 

But they certainly are beautiful

 

I went with this one tonight.

 

They certainly are a pretty coin, shame the mintage was so high on the silver

 

Nice snag! When I followed your link, I caught a view of the Australian "Dragon and Phoenix" design. Very nice too.

 

Perth has some gorgeous coins they do.

 

That is indeed a Perth Mint issue.

That coin was, in my opinion, handled much better than the Krugerrand. The mintage was only 50,000. And upon release, many dealers had it for $27-$30, which is well above spot but not 3x like the $60 issue price for the Krugerrand. The aftermarket also noticed this discrepancy as the Krugerrand is now down to $37.50 while the Dragon & Phoenix is up around $35-$40.

 

Nice pick up, those prices keep dropping, cant wait until they drop in the low $20,s
So i can start stacking them the people that are really out of luck are the people
That bought the first day or first strike coins TPG, those prices are really taking a hit
Went to the pawn shop (Las Vegas Gold and Silver) and they had a first strike 70
For $75 and i have heard of people spending upwards of $250 for this coin, so with
That said would like Soap and shampoo for your bath ?

 

Pawn shops aren't the correct way to judge that market

 

Hmm, Rick Harrison from that pawn shop was signing autographs at MCW's booth at Denver ANA, the same place where they were doing most of the selling of the silver Krug. Coincidence? Meh.

 

$39.99 on ebay. Still too high for me.

 

Celebrity surcharge.