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<p>[QUOTE="Prime Mover, post: 2817225, member: 38783"]Two simple factors:</p><p><br /></p><p>1) Desirability to preserve it and make or add to a collection of similar items</p><p>2) When buying or selling, or valuing your items, are you tracking a spot price? If so, then that's a standard bullion premium. If not, then it's a "numismatic" premium.</p><p><br /></p><p>Proof or business strike matters not.</p><p><br /></p><p>Typical example - any US mint issued silver coin.</p><p><br /></p><p>Take a common date 1964 Roosevelt dime. Straight out of a mint set it could be either. If you take it and toss it into a tube with other Roosies, not caring about what happens to it, I'd consider it "junk silver", or bullion. If you take it and put it into an album, 2x2 or any other capsule or slab alongside a bunch of other year dimes, then it's crossed the line to numismatic because you have chosen to preserve it, add it to your collection, and can value it as well as sell it for more than you purchased the raw silver coin.</p><p><br /></p><p>Same with ASE's, AGE's, Maples, or any older silver/gold/PMs. I have rolls of ASE's in mint tubes in the SDB that I consider bullion since I value them based on spot price only and do not care about their condition. Then I have a binder of toned ASE's that are protected in plastic - some TPG stabbed, others in simple snap lock holders - which will sell for multiples of the spot price. Those are my collectibles and I consider them numismatic because of the other factors, but mainly someone looking to buy one will want to collect it, and not toss it into a tube, at 5x the silver spot price.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2817225, member: 38783"]Two simple factors: 1) Desirability to preserve it and make or add to a collection of similar items 2) When buying or selling, or valuing your items, are you tracking a spot price? If so, then that's a standard bullion premium. If not, then it's a "numismatic" premium. Proof or business strike matters not. Typical example - any US mint issued silver coin. Take a common date 1964 Roosevelt dime. Straight out of a mint set it could be either. If you take it and toss it into a tube with other Roosies, not caring about what happens to it, I'd consider it "junk silver", or bullion. If you take it and put it into an album, 2x2 or any other capsule or slab alongside a bunch of other year dimes, then it's crossed the line to numismatic because you have chosen to preserve it, add it to your collection, and can value it as well as sell it for more than you purchased the raw silver coin. Same with ASE's, AGE's, Maples, or any older silver/gold/PMs. I have rolls of ASE's in mint tubes in the SDB that I consider bullion since I value them based on spot price only and do not care about their condition. Then I have a binder of toned ASE's that are protected in plastic - some TPG stabbed, others in simple snap lock holders - which will sell for multiples of the spot price. Those are my collectibles and I consider them numismatic because of the other factors, but mainly someone looking to buy one will want to collect it, and not toss it into a tube, at 5x the silver spot price.[/QUOTE]
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