Discussion in 'Bullion Investing' started by mpcusa, May 12, 2017.
Sorry......1oz silver coins
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From my Samsung Smartphone
Actually looks quite nice in the slab. Buying one for the looks wont kill anyones budget and it probably looks great in the Vault along with the COMEX good delivery bars
Sold slabbed first strike PF70 for 299 dollars yikes. Other slabbed PF70 sold for 255 What a dumb investment paying 700 for that only to lose most of the premium a little over a year.
Well its easy to say “life is isn’t all about money and making it” from your 5 acre mountain retreat while you enjoy your coins.
Now I am not a poor shlep jealous about money etc. shit I am wealthy myself like you but man I had to bust my ass striving to make a lot of money and obviously you did too. That saying really rubs me the wrong way for some reason and it always comes out from someone who is wealthy sitting on assets. Maybe because when I was young we were homeless for a bit and had to work nights at 13 illegally to help my mom and dad pay the bills and then go to public school in the morning. Poverty sucked and every dollar more was a big thing. I live quite comfortably and making money is not my sole focus in life but Thats because once you reach a certain apex the money pretty much makes itself from passive income generating investments. But its all about money when your at the bottom trying to climb yourself out of the pit.
You should see the tacky stuff on ebay with the “Tails you lose” and sexy girl coins going for 25 or more.
Words that should quite literally never be seen together.
It's almost 2019. "Big I stop now", didn't you say that in 2017. lol I couldn't resist Kentucky.
...humpf...I can stop any time I like...are they making 2019's...
LOL Should I assist you?
At least point 1 is still true! The 2017 issue has not performed well as an investment, but if you were a collector who purchased an example for your set, you at least still have a nice design. And the 2018 (and beyond if they keep issuing them) might be a good bullion play or a way to diversify one’s silver stack if bought at similar premiums to an ASE or Maple.
The Proofs have not done well as you can see from my earlier quoted prices to what they go for today. The high initial price and the release of 2018 proofs certainly has not helped.
I never buy ANY coin, nor have I ever, as an “investment”. Coins are strictly a consumption purchase in my mind.
I find that to be a good way of looking at it. While there can be arguments for certain items to be investments or hedges in one’s portfolio (like bullion), many items will go down in price. Treating it as a consumption purchase and only purchasing if you have the money to spend, can be a wise decision.
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