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<p>[QUOTE="yakpoo, post: 1316116, member: 18157"]Putting "projected mintage" aside for a moment...you bought 1.33866 Oz of pure silver (plus $5.06 of other coins) for $55. That means you paid $49.94 for 1.33866 Oz of pure silver...or $37.30/Oz. Silver is currently $32.75/Oz so you could have done a bit better buying a silver bar, but you would have missed out on future numismatic gains. I think you made a wise choice.</p><p><br /></p><p>When I started this thread, the price of silver was $12/Oz higher than it is today. The current Administration is actively driving speculators out of the commodity markets in order to keep prices down. Not surprising...any Administration would do that in an election year. Bullion hoarders would be nuts to buy these sets at the current Mint prices. On the other hand, the savvy collector can pay a premium (12% in your case) to a Dealer and have a nice silver investment with significant (imho) upside numismatic (and bullion) potential.</p><p><br /></p><p>Well done! :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1316116, member: 18157"]Putting "projected mintage" aside for a moment...you bought 1.33866 Oz of pure silver (plus $5.06 of other coins) for $55. That means you paid $49.94 for 1.33866 Oz of pure silver...or $37.30/Oz. Silver is currently $32.75/Oz so you could have done a bit better buying a silver bar, but you would have missed out on future numismatic gains. I think you made a wise choice. When I started this thread, the price of silver was $12/Oz higher than it is today. The current Administration is actively driving speculators out of the commodity markets in order to keep prices down. Not surprising...any Administration would do that in an election year. Bullion hoarders would be nuts to buy these sets at the current Mint prices. On the other hand, the savvy collector can pay a premium (12% in your case) to a Dealer and have a nice silver investment with significant (imho) upside numismatic (and bullion) potential. Well done! :thumb:[/QUOTE]
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