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Are the Lunar Series Australian silver coins really worth the premiums?
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<p>[QUOTE="ddddd, post: 2391485, member: 22377"]The lunar series is one of the more popular series around the world (it's big in Australia, China, Germany...just to name a few). It also has a large following in the US. This is what some refer to as "semi-numismatic" or "better bullion" coins. As long as you pick them up early on (at a small premium...$2 over spot is a fantastic deal!), these coins tend to hold their value over time. Even with the decrease in spot, many lunars have held their value or increased (which is not the case with ASEs, Maples, etc...if you bought an ASE in 2011 at near $50 spot, you have a coin worth $1-$2 over spot max now; if you bought a Dragon lunar 1 oz for $50 at the same time, those are still going for $35-$50). </p><p><br /></p><p>Now lunars won't net you more than an Eagle at most local coin stores, but that isn't the best venue to sell them. Other collectors (on venues like ebay, even after fees) will pay the most for them. </p><p><br /></p><p>As to the YouTuber, he did pay a premium for the older dates, but he is more of a collector of them. The ones he bought in tubes/rolls, he picked up within the first year of issue when prices were lower. These have the most potential in future years.[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 2391485, member: 22377"]The lunar series is one of the more popular series around the world (it's big in Australia, China, Germany...just to name a few). It also has a large following in the US. This is what some refer to as "semi-numismatic" or "better bullion" coins. As long as you pick them up early on (at a small premium...$2 over spot is a fantastic deal!), these coins tend to hold their value over time. Even with the decrease in spot, many lunars have held their value or increased (which is not the case with ASEs, Maples, etc...if you bought an ASE in 2011 at near $50 spot, you have a coin worth $1-$2 over spot max now; if you bought a Dragon lunar 1 oz for $50 at the same time, those are still going for $35-$50). Now lunars won't net you more than an Eagle at most local coin stores, but that isn't the best venue to sell them. Other collectors (on venues like ebay, even after fees) will pay the most for them. As to the YouTuber, he did pay a premium for the older dates, but he is more of a collector of them. The ones he bought in tubes/rolls, he picked up within the first year of issue when prices were lower. These have the most potential in future years.[/QUOTE]
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Are the Lunar Series Australian silver coins really worth the premiums?
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