Discussion in 'US Coins Forum' started by swick, Apr 30, 2007.
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The price didn't seem to stay in the $3000.00 to $4000.00 range for too long, did it? WOW!! Man, am I one dumb a__ or what?!?!?!? LOLOLOL Sure wish I would have bought some of those sets! Oh well!! LOL
Based on what? Pure speculation?
You can buy a lot of coin for 1000 or 10,000 some of them very nice Colonials.
You are correct. PCGS will not give the uncirculated $1 a 70 grade. But they will give the reverse and regular proof a PR70 grade.
Whats the price on silver now?
Right now $13.34.
I was really thinking of buying stock in Merck. What do you think?
Real estate is where its at. Become a landlord.
A few months ago, I wanted a 2001 Buffalo proof silver dollar and offered to trade one of my 20th anniversary silver eagle sets for it (at a time when they were going for $200). The dealer turned up his nose at it and said, "they'll come down in price".
I'll bet he's sorry he didn't take me up on the offer.
But I'm very glad he didn't.
at the rate of these things rising, all those finance guys in NY might as well drop their stock and buy US Mint products...
- * -- Pop
/ | \
I'm not so sure.
They can't make any more 20th anniversary sets.
Look at the 1996 10th anniversary silver eagle; There are several going on ebay right now with active bids over $4,000.
1995-W 10th Anniversary Silver Eagle $1 NGC PR69UCAM
Right - your idea of time is not mine. If you have a spare $4,000 don't invest it in a '96
Silver Eagle PR '69.
See this Comic book :
This book was over $10,000 once.
This bubble ***will*** burst and will will wish you brought a better coin when it does.
You are probably right. But who knows when that will happen. This horse still has legs if you know what I mean. Just like stocks, they eventually fall. Timing is everytihing.
There is a big difference between stocks and any other "investment" with the possible differnece of real property (land).
Stocks pay dividends and make money (of fail to make money) in the real world. Coins, Stamps, Comics, Baseball Cards, Bullion, timber, coffee et al - is ALL speculation on a commodity. Timber and Coffee have real consumption in the world. Collectables and completely a mind game.
A coin like the 1996W proof is an aritfical scacity based on a manufactured collectable. These are always loosing propositions over the long haul. Its not like the historical and artisitc demand for something like this:
Invest in Tullups.
The point I was making is that few things continue to go up and up forever.
Bama Guy - I doubt you will lose your $100. If they drop to that price, let me know and I will take them off your hands
I agree completely with that. I wouldn't buy one at that price. But I really wish I had bought one from the mint at the original issue price.
My approach to things like this is to just acknowledge that I missed the boat and spend my money on what I think might be the next great thing.
In the case of the 20th anniversary sets, I bought 3 at the issue price (for myself and my two kids) and I have no plans on selling them no matter how high the price goes.
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