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<p>[QUOTE="Timodoz, post: 695497, member: 20694"]Stick to Kitco for pricing guide lines. As they are a Canadian outfit they can not always ship certain products to the US. Some times you find marginally better pricing at other BULLION dealers. Most of these "collectible" bullion coins are come ons. The sale of insurance and high shipping and handling fees should also be a consideration. How is the Government going to confiscate gold? The same way they have conducted the war on drugs? The Gov't has no way of determining who owns 80% of the privately held gold bullion and gold bullion coins in America. Now there are the bullion silver ,palladium and Platinum coins as well. Is the metal in a 50 ruble palladium Ballerina worth anymore or less against spot than the metal in a 1927 US quarter. Some perhaps. Coins have two attributes that provide them some premium in value to bullion. One is they are pleasing to the eye and have "some" standing as art like a Bugs Bunny stamp. The other is that they are more easily recognized for their being minted having quality assurance and authenticity from a recognized government mint. Some times you can do pretty good buying on E-Bay. The Woodstock Generation is 60 million strong. Vietnam taught them a strong life long lesson, do not trust the Gov't. Many of them took out 10-17% mortgages on their first home. With more than half and inheriting another 25% of the nation's wealth they are not turning any thing into the Govt., least of all their gold or other bullion that they have put away against a return to the fiscal fiasco of the late '70s and early '80s. Are the piles of brass, copper and nickel scrap that Chinese pig farmers are putting in ten foot high piles on land they don't really own safer from confiscation than the gold Americans hold? Any attempt to confiscate gold in America would result in a very quick drop in the value of the US dollar by half of it's then current value. We will all be paying $20/Lb for coffee eventually any way. But by then a beat up non-collectible one ounce Libertad, someone carries as a good luck piece will be worth over $100. Precious metals are just another investment class that all investors probably should have some portion of their wealth stored in. Less than 10% of those who do so are "investing" on the basis of collectibility. Beside gold Dubloons there were pieces of eight and two bits. That is, actual bullion coins were cut into eight reasonably equal pieces. There was no quibbling over whether they were exactly equal no more than any one today worries about any of the pennies in change they often put into the tray next to a cash register. When we return to that level and we might very well go there, no one is going to care if there are a couple nicks or scratches on your two bits of a silver American Eagle that has been chopped up with a chisel. All of our experience is the portal through which we view the future. The pre-'82 penny is the last "precious" metal coin left, that is commonly in circulation. As those pennies are worth nearly 2 cents in terms of their copper content they are not just valuable as bullion coins they are collectible. They are to become increasingly so as millions are melted down leaving the actual numbers in circulation and set aside by collectors dwindling. Copper pennies are then very much more valuable as collectibles than un-circulated mint proof KruegerRands. Then there is just buying SZR?[/QUOTE]</p><p><br /></p>
[QUOTE="Timodoz, post: 695497, member: 20694"]Stick to Kitco for pricing guide lines. As they are a Canadian outfit they can not always ship certain products to the US. Some times you find marginally better pricing at other BULLION dealers. Most of these "collectible" bullion coins are come ons. The sale of insurance and high shipping and handling fees should also be a consideration. How is the Government going to confiscate gold? The same way they have conducted the war on drugs? The Gov't has no way of determining who owns 80% of the privately held gold bullion and gold bullion coins in America. Now there are the bullion silver ,palladium and Platinum coins as well. Is the metal in a 50 ruble palladium Ballerina worth anymore or less against spot than the metal in a 1927 US quarter. Some perhaps. Coins have two attributes that provide them some premium in value to bullion. One is they are pleasing to the eye and have "some" standing as art like a Bugs Bunny stamp. The other is that they are more easily recognized for their being minted having quality assurance and authenticity from a recognized government mint. Some times you can do pretty good buying on E-Bay. The Woodstock Generation is 60 million strong. Vietnam taught them a strong life long lesson, do not trust the Gov't. Many of them took out 10-17% mortgages on their first home. With more than half and inheriting another 25% of the nation's wealth they are not turning any thing into the Govt., least of all their gold or other bullion that they have put away against a return to the fiscal fiasco of the late '70s and early '80s. Are the piles of brass, copper and nickel scrap that Chinese pig farmers are putting in ten foot high piles on land they don't really own safer from confiscation than the gold Americans hold? Any attempt to confiscate gold in America would result in a very quick drop in the value of the US dollar by half of it's then current value. We will all be paying $20/Lb for coffee eventually any way. But by then a beat up non-collectible one ounce Libertad, someone carries as a good luck piece will be worth over $100. Precious metals are just another investment class that all investors probably should have some portion of their wealth stored in. Less than 10% of those who do so are "investing" on the basis of collectibility. Beside gold Dubloons there were pieces of eight and two bits. That is, actual bullion coins were cut into eight reasonably equal pieces. There was no quibbling over whether they were exactly equal no more than any one today worries about any of the pennies in change they often put into the tray next to a cash register. When we return to that level and we might very well go there, no one is going to care if there are a couple nicks or scratches on your two bits of a silver American Eagle that has been chopped up with a chisel. All of our experience is the portal through which we view the future. The pre-'82 penny is the last "precious" metal coin left, that is commonly in circulation. As those pennies are worth nearly 2 cents in terms of their copper content they are not just valuable as bullion coins they are collectible. They are to become increasingly so as millions are melted down leaving the actual numbers in circulation and set aside by collectors dwindling. Copper pennies are then very much more valuable as collectibles than un-circulated mint proof KruegerRands. Then there is just buying SZR?[/QUOTE]
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