7 Wonders of the Ancient World Series

Discussion in 'Coin Chat' started by h.e.-pennypacker, Oct 24, 2020.

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Do the silver rounds warrant a premium?

  1. Yes

    1 vote(s)
    14.3%
  2. No

    6 vote(s)
    85.7%
  1. 237BC580-8C44-455A-AF09-6E6967BB392E.jpeg What do you guys think of Apmex’s new 7 Wonders of the Ancient World bullion round series? They released the first design, the Colossus of Rhodes round.
     
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  3. medoraman

    medoraman Supporter! Supporter

    Considering it is depicting the statue as imagined by medieval people, (it most likely never straddled the harbor nor held a light aloft, it especially could never have had that pose without snapping off within seconds), not really helping educate the public. I see more sellers of such things, (rounds instead of coins), and wanting high premiums for them. When I buy stuff for my kids, I always have to ask if it is a round or a coin, since I want to only buy coins for my sons. My experience is almost all rounds revert back to melt or lower eventually.
     
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  4. hotwheelsearl

    hotwheelsearl Well-Known Member

    As I understand it, the Colossus looked rather more like the Statue of Liberty, as it was a standing figure to the side of the harbor, not straddling.

    it was certainly massive though, taking 600 camels to cart away the bronze after it fell due to earthquake
     
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  5. Bambam8778

    Bambam8778 Well-Known Member

    I think you should expect to pay a premium over melt for any round/coin/bar, whatever it may be that you are looking to aquire. Someone had to put some thought into the design, purchase the silver, melt, mint, etc. There is a lot that we don't see that goes into rounds like this. I don't think we should be raked over the coals with prices that you see currently but who am I to say what the price should be at? I don't employ the people who make this or pay the rent on the building so it may be justified. I think it's a nice round and would be a good addition to your collection!
     
  6. medoraman

    medoraman Supporter! Supporter

    I agree it will almost always cost you above melt, since dies have to be made, objects struck, etc. Personally I try to stick with coins but that is just me. I think a coin makes it easier to verify the bullion inside.

    However, if you like it I am never one to judge anyone's collecting tastes. The stuff I collect even other coin collectors think I am weird, so I am never one to judge what trips anyone's trigger.
     
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  7. Bambam8778

    Bambam8778 Well-Known Member

    Isn't that the great thing about this community? What else do you collect?
     
  8. medoraman

    medoraman Supporter! Supporter

    Lol, oh good gosh. Major themes are Pre-Islamic Central Asia and Persia, with major subspecialties of Byzantine gold, Anonymous bronzes, early Islamic transition pieces, coins of Constantine VII, coins of Julian the Apostate and Alexander III, ancient and medieval Thai, Colonial Currency specializing in Ben Franklin and Paul Revere pieces, with Rittenhouse and other interesting persons represented, Nabatean, Himyarite, Lighthouse of Alexandria, Emessa stone coins, just off the top of my head. When I was into US coins I collected early US types and SL halves, along with US gold. I still have my US pieces but haven't looked at them in 25 years.
     
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  9. Bambam8778

    Bambam8778 Well-Known Member

    I recently visited Thailand so If you wouldn't mind sharing (possibly in a private convo) your ancient and midevial Thai coins, I would love that!
     
  10. Hey thanks for the responses, I guess when I asked if this series warrants a premium, I meant above and beyond the standard $2-3 premium on silver bullion rounds. The mintage of each design is limited to 7,777, and the designs bare significant historical designs of the ancient world. I guess it would depend on the future demand. Are there any other bullion rounds that command a $10-$15 or above premium? Especially ones that are part of a limited series without being tied to a specific modern event?
     
  11. beaver96

    beaver96 Well-Known Member

    I've done a few series. Route 66, Amy Brown and then several of bullion series by country- Elephants, Koala, Panda, Brittania, Maple Leaf, and of course American Eagles. All have premiums over spot some more than others. I look at the premiums as the price I pay for enjoying my hobby.
    All hobbies have costs. Very few can you get most of your money back. Car guys almost always lose money, shooters blow up money time they pull the trigger, and don't get me started on the money I spent fishing.
    So yes , rounds do warrant a premium.
     
  12. medoraman

    medoraman Supporter! Supporter

    Some can sir. Most Daniel Carr pieces are rounds, but sell for high premiums. Nothing wrong with them at all, simply not my taste.

    If you want something for bullion, then I prefer to pay a small premium for a coin that I feel will make it easier to authenticate in the future. Others prefer rounds for lower premiums. The danger to me in "collectible rounds" would be who would the buyer be? Very few collectors pay strong premiums for non-coins. For those who do God Bless, I am just saying not a deep market. If you want to pursue the deeper market, (by a factor of 1000 or more), then that is the bullion market or collectible COIN market.

    Just my opinion.
     
    h.e.-pennypacker likes this.
  13. Thank you, I didn’t know about Daniel Carr looks like he does lots of interesting overstrikes.
     
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