example: say commodity exchange. gold and silver, rice and corn, sugar and cooking oil. why coins can not be listed and trade. maybe we should try american eagle bullion coins first . so people can trade it thru paper holding. no safe place to keep it. no shipping cost. no touching of coins. no nothing. can we?. please give comment on this. thanks.
They can be and have been. During the last bull coin market in the late '80s several of the large brokerage houses put together coin funds and they traded actively on the stock exchanges. But when the end to the bull market came crashing down as they always do - the funds folded up, likely never to return. Ya see, the people in investment circles, unlike many coin collectors, know that coins actually make a very poor investment vehicle at all times other than during very active bull markets.
I'm afraid you have no concept of how the exchanges work. Stock exchanges are a place to buy and sell shares of ownership in corporations, which have met various governmental and exchange requirements include having a large enough total capitalization of the company, having enough shares outstanding to provide for liquidity - in other words there will likely be a buyer when you want to sell and a seller when you want to buy - and literally hundreds of other requirements. A typical New York Stock Exchange company will have hundreds of millions of shares outstanding, some have more than 1-billion. Commodity markets are only designed to deal with "fungible goods". The legal definition of that term is that every unit is equal in quality and value to every other unit. One gallon of unleaded gas is worth the same as another gallon of unleaded gas at the bulk wholesale level; each of the individual grains of wheat in a 10-ton container are worth the same; etc. For a commodity to trade on an exchange it must, like a stock, qualify to be listed. Among the factors considered are the amount of the commodity available to trade, the number of potential traders, and how to handle transactions where the buyer wants delivery. Realize that with respect to coins, that means that there would have to be separate trading contracts - with each contract being for a standardized quantity of identical coins - for MS60 1881CC Morgans, MS65 1924S Peace Dollars; PF67 1971S Ike dollars; EF-40 1834 Capped Head Quarter Eagles; and so on and so on and so on. (And don't forget that even if we foolishly say that every PCGS MS63 1918D Buffalo nickle is equal to every other PCGS MS63 1918D Buffalo nickle, it isn't automatically the same as an NGC MS63 1918D Buffalo nickle, or even as a PCGS MS63 1938S Buffalo nickle. Bullion can be traded on the commodity exchanges precisely because when all you are concerned about is the quantity, each ounce in 1,000 ounces of gold is an ounce of gold is an ounce of gold is an ounce of gold. That doesn't apply to collectible coins - and what collector wants 1,000 of the same coin, with the same date and mintmark, and in the same condition anyhow?
coin or stock market i think coin market is better than stock market right now. silver and gold, oil is the main topic. let's play the stock market latter on.
stocks vs: coin market it seems that if you hold a lot of stocks. and at the same time you are a coin collector. you wish that silver and gold will go down. so that your stocks on the general market will move up.
You see, this is not a fair question. You know in a stock market, the shares have to be backed by a certain percentage of some sort of finacial fundings and a fair bit of the commodities. But the question arises in the commodities - what if investors want to cash in on those commodities? The real problem is because ALL coins are unique, there will always be some sort of dispute. That is going to be a problem. Unlike precious metal bullions, bullions usually are made in the same way and packed in the same way. Take for example even with the modern gold coin mintage. A jewellery collector can possibly mount it on a loop and consider it a jewellery whereas a coin collector will cry out loud over such mounts. A jeweller can call name a price tag that's higher than the coin but a coin collector would disagree and scream out that it's only worth it's metal bullion. But who's right? It's up to the person who wants to pay for it isn't it? However, you aren't just allowed to do that in a stock market. Commodities have to be fixed so that when each and everyone gets it, it has to be clear and transparent and no one will dispute on what they are getting.
Actually $1,000 face bags of 90% silver (junk silver) have, and possibly do still trade on the commodity exchange.
$1000 face value silver coins wow, i like to own one of the $1,000 face value silver coins. but how bad is the quality or condition of those coins?.
it's junk silver. Most coin dealers sell them in bins - x times face. Same theory, but you bag it up in $1,000 quantity. Although I have never heard tell of this sort of trading in commodity exchange.
stock market amercian silver eagle uncirculated should have been listed at the stock exchanges. so that i don't have to keep so many coins. now i got 2,000 pcs. and it's heavy too.
if you want your threads moved to the top, you can just say 'bump' on one ID or another... same effect.
