Canadian Grizzly Bear 10 ounce coin

Discussion in 'Bullion Investing' started by stoster38, Aug 2, 2017.

  1. stoster38

    stoster38 Member Supporter

    Hi Everyone,

    I received an email, from JM Bullion, advertising the coin below. I've bought a couple of 10 ounce coins earlier this year and the most I paid was $219. Silver prices have gone up & down of course but I don't see why there would be such a higher premium that would push the price to over $250!! Anyone have any clues why? The premium is more than 50%!!!! :-(

    https://www.jmbullion.com/2017-10-oz-canadian-grizzly-bear-silver-coin/
     
    Last edited: Aug 2, 2017
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  3. abuckmaster147

    abuckmaster147 Active Member

    I think it has to do with the wildlife series because you can still buy the ten ounce maple from provident for under $200.00 Depending on cash or not even lower.
     
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Looks like your paying a big premium over spot, i like the 10 OZ size as well
    But stick to bars which in generic form go for around $175 to $180 at current spot
    Depending on your investment strategy ?
     
  5. crazyd

    crazyd Member

    I have a 10oz maple coin (tree of life) on my list to buy, it is well over spot, but not too much more than an RCM bar. Some silver coins I collect because I simply like the design. That grizzly is nice.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Some of those images are amazing that,s for sure :) havent explored the 10 OZ
    Coin market as yet but i am sure i will get there sooner rather then later :)
     
    stoster38 likes this.
  7. green18

    green18 Sweet on Commemorative Coins Supporter

    Buy it because you like it, and not whatever it will fetch down the road........
     
  8. stoster38

    stoster38 Member Supporter

    If I had an unlimited budget then this would be my motto every time!! Lol Unfortunately I have to live within my means so even though I may like a coin I do have to take the price into account.
     
    lordmarcovan likes this.
  9. lordmarcovan

    lordmarcovan Eclectic & Odd Supporter

    Ditto.
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    as always, it,s a good idea to comparison shop, there can be 5 different prices out
    There for the same thing !
     
  11. stoster38

    stoster38 Member Supporter

    I did check other dealers and they all had prices that were higher than JM. Since I liked the design I went ahead and bought the coin even though it had a high premium. I'm hoping it turns out to be a low mintage coin!! Lol
     
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    JM, i have found has some of the best prices, did you do any reseach on the coin before you bought it ?
     
  13. stoster38

    stoster38 Member Supporter

    I did several google searches but there wasn't much info. I couldn't even find a press release from RCM.


    Sent from my iPhone using Tapatalk
     
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    I think your safe with your purchase and knowing that you didn't over pay :)
     
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