Discussion in 'Bullion Investing' started by Good Cents, Jan 20, 2019.
Of course there are those who invest in collectibles. But they probably do that just to confuse us!
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That,s the first rule, dont invest in anything you like...LOL
Everyone that collects anything should have that "first rule" tattooed on the hand with which they reach for their wallet or checkbook. As many times as it takes...
But it's no joke! It's a trap!
All that gorgeous collectible bullion - they probably make a fortune on us suckers who like the stuff!
Just act like you hate it, then buy it ...LOL
Well said. I collect both numismatic coins and bullion coins. I do it for the enjoyment. There are some really artistic bullion pieces being created these days. For example, the Egyptian series offered by Provident Metals. The designs really appeal to me.
This hobby is also a place where I can store some wealth. If I want to invest, I pick the stock market (ETF, mutual fund, common stock). While I don't expect to make a killing on my collection, I do expect that by the time I go to sell it, some items will have appreciated and some will be flat and others will have lost some. I hope for a modest gain.
What other hobby can you both enjoy and store wealth at the same time? Not too many.
Makes a lot of sense. And the more I get into this the more I am seeing that. I've heard bullion people get all upset over people who collect interesting bullion saying it's a waste of money. Of course every hobby could be called a waste of money. So I was thinking that bullion was strictly for the investment, and like others say, above, not to "like" what you're buying to invest in because it's a virtual sinkhole. So, I don't know. I'm on the fence. But I've been eyeing some of those really nice rounds with different and interesting designs and themes that don't cost more than basic gov't issued bullion coins and I'm thinking "Why not?"
Great line! And it's true! Though it's a mighty HEAVY hobby! Forget the gym, try lifting a monster box of silver every day!
A collector is having fun and looks at his work as a hobby and thus can ignore traits and processes an investors cannot. But I do both knowing if I break even I have done outstanding.. so you can do both and lose $$..
9 BALL the only reason I see them say, when selling its sealed, never opened, uncirculated, unsearched..... (guessing here) so the seller cant get more $$$ if untouched by human hands some leave coins in packing from the mint still sealed up... They do demand a small premium on them..
Oops! Posted to the wrong thread. Post deleted!
USVI Mint silver bullion is collectible and trades at a premium - you may not realize a large capital gain, but these items will always be in higher demand than common bullion.
Bars are what... more collectible (higher in demand)... or easy to resale...than ASE is that what your sayin Juris...
Value over and above bullion prices are set by "consumers" aka collectors, for items they
I'm referring to the 'chunky stacker' one ounce silver bars produced by the USVI Mint in 1980-81 for A-Mark - like Engelhard and Johnson Matthey bars, these privately produced items are a cut above generic bullion bars and rounds when it comes to collectibility and premium above melt value - think Engelhard vs. Apmex or Silvertowne - the Engelhard will always fetch a few dollars more per ounce than the mass produced modern bullion - ASEs, Maple Leafs and the like are government produced bullion coins and carry a built-in premium when released for public sale. Bars, rounds and bullion coins are all quite liquid - easy to buy and sell
toned, circulated, collectible, limited production, produced in 1981, $24+ ea.:
shiny, uncirculated, common, millions produced, produced last year, $17-20 ea.:
IMHO easier to counterfeit.
OP here wanting to thank you all for your input. From all the posts above, I'm gathering the answer to my original questions is: There are differences of opinion and there is not one definitive answer, but rather many opinions from one end of the spectrum to the other.
Friends dont let friends grade bullion....True
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