Discussion in 'US Coins Forum' started by Vess1, Feb 24, 2021.
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The image isn't showing up....Mods, all I see is a tiny icon and the letters "IMG" in brackets.
Back to your question, Vess...I saw a 5 ouncer go off for $200 including bp. a few days ago. Depending on the venue for sale, the item, etc....5 ouncers should cost $160 - $190 hammer price. Some (Apollo 11) go for much more.
Is this 5-ouncer from the U.S. Mint ?
There's another 5-ounce thread here, BTw, if you want to check it out.
You mean the Apollo 11 5-ouncers that are out there now, right ? They were about $260 a few weeks/months ago. The premium on those goes higher depending on the label you have. NGC has some good ones.
I would NOT buy any of these with the expectation of making $$$....unless silver shoots up to like $60/oz. You are paying a big premium to silver already.
There are other 5-ouncers that will run you anywhere from $150-$200 or so.....a lesser premium than the Apollo 11's....still rich to silver spot....but closer to silver ASE's than some of the 5-oz'ers.
As I buy these when I like the design, I usually pay a modest premium. I've seen some for close to $150 (minimal premium to silver) -- but hated the designs.
Just remember there's a difference between the bullion and P versions
Hawaii volcanoes, right ? I lost track of all these 5-ouncers from years ago....started out with National Parks I think and kept going.
Some are nice but the premiums for UC or DMPL are still nutso in most cases.
I don't know who's paying those sky-high prices. Can't be veteran buyers and savvy collectors unless they are banking on The Greater Fool Theory to bail them out. And hard to believe 1st-timers or novices are blindly forking over those asking prices but who knows.
Paying $175 - $250 for the 5-ouncers can make sense for a coin or several that you really like the design. But paying $500 or more for investment purposes looks like a sure-fire repeat of buying at 1980 or 1989 or 2011 prices, IMO.
Yes that is probably the most popular of the series
No they aren't. Those are rare for many of the issues
You need to break this habit and not follow in the footsteps of the fools that hold opinions like this. The quicker the better too. Just because people like moderns, or like something differently, or have a better understanding of a market doesn't make them fools. The only fools are the ones that are dismissive of how they collect just because they don't understand the modern market or like it.
Great answer. I would only add, be sure you do your due diligence BEFORE buying.
The 2010 and 2011 issue prices really kind of need to be thrown out the window. Silver spot was so high it really skewed the issue prices
I happened to not have anything to do last night so I watched Rick for a few minutes. He was selling the American Liberty 225th Anniversary Four-Medal Set for $699. I have to give it to him though, the medals were all 70's from NGC. I bought 2 sets of the a few years ago from the Mint for 199.95 each totaling (with S+H of $4.95) for a total of $404.85. I've watched Rick and Coin Vault off and on for a couple years. I like to see what they are selling some of my stuff for. Oh yeah, the $699 didn't include S&H. I only bought one thing from him. I don't even remember what it was, but I'm sure I got taken.
Do you think the Tuskegee 5 ounce will be out in 5-10 minutes? Anyhow, thanks for your input.
That would mean they have INCREASED the mintage limit. The limit for the last three 2020 coins was only 13,750. From 2018 through the first two 2020 coins the mintage limit was 20K and the highest actual sales was 2018 Pictured rocks at 17,773. A limit of 20K for the 2021 is nothing special.
Hey, I collect moderns and pay premiums so I am NOT calling them fools. 'Cause I'd be leading the pack.
I'm talking about paying way over FMV for the coins, above recent sales prices. And paying 2x for a PF70 vs. a PF69 which I personally think won't work out investment-wise but if someone likes it, I'm not saying it's a dumb purchase.
I do believe there's lots of speculation here based on emails and PMs and conversations I have with people. Some of these people think if the price of silver doubles that these things will automatically double, too.
Paid under $100 for which ones ?
I'm not sure if people are buying these for INVESTMENT or because they like the coins, which show off great designs in the 5-oz. size.
I've bought a bunch, probably at about a 50-70% premium to silver on average....so taking into account it's a coin, big slab, graded, and 5 ounces.....not bad, IMO.
With silver at $27, 5 ounces is $135. So for me, $200-$250 seems reasonable if you are buying it strictly or partly for investment purposes. Paying 2x or 3x that for special grades seems excessive to me, but maybe that's just me. Esp. on the PF70 vs. PF69 thing at way over recent FMV sales.
There’s probably something you’re missing for why the price is that way. Collecting isn’t investing. 70s always cost more and 2x is one of the cheaper premiums for it. If a 1oz version had as low of a 70 percentage as these do the premium would be more than 2x.
No, I get it....I think some people buying high and paying up for the 70's think that the price will track bullion -- which it most certainly will not.
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