Have your collecting/investment goals changed in the last couple of years ?

Discussion in 'Bullion Investing' started by mpcusa, Dec 5, 2022.

?

so have your collection/ investment goals changed in the last couple of years ?

  1. Yes

    12 vote(s)
    50.0%
  2. no

    5 vote(s)
    20.8%
  3. still adding to what I have been collecting/investing in for years

    7 vote(s)
    29.2%
  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Mine most certainly have, use to be all currency with a sub in military payment or (MPC)
    now my focused has changed dramatically, I know longer collect currency and havent
    added any (MPC) I still have some of the best stuff going have several top registry sets
    at the old PCGS, and if I wanted to could send them over to PMG but not that motivated
    right now to do it..LOL

    Also one of the things about paper money you have to find someone that is willing to
    give you want you want, in other words you have to find the right buyer and maybe you will get what you want.

    So Iam now concentrating on GOLD exclusively, Krugerrands. AGE,S , Saints and
    liberties, the reason for this is pretty simple, super easy to sale GOLD at the set price
    no haggling, just want to give my kids and grand kids something a value that is easily
    cashed out.
     
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  3. daniel a DiBiasio

    daniel a DiBiasio Well-Known Member

    I have been selling off lots of my silver bullion and buying bigger items such as gold, platinum and palladium, my goal is to condense things, i just have way too many lower valued things that take uo lots of space.
     
  4. BurrosCoins

    BurrosCoins Well-Known Member

    Focusing mostly on gold now but still trying to complete and upgrade morgan set. I also look for older US coins to complete my circulated sets. Not interested in any of the modern coins except to keep current set up to day.
     
    Gilbert likes this.
  5. J.T. Parker

    J.T. Parker Well-Known Member

    When I began collecting as an adult & having sufficient funds to buy nicer material I decided to go for BOTH coins I wanted & those that might prove a good investment.
    That was 15-20 years ago. Now I pick & choose only coins I find aesthetically pleasing. Granted, I don't spend near as much, but do enjoy adding a nice piece here & there. I recently completed an expanded Walker 'Short Set' (1947-1938 P,D,S, PCGS MS-65 White)...Now debating on adding a 1937,P,D,S....then to 1936?
    (When will this ILLNESS end?)
    J.T.
     
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  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Couldn't agree more ! as far as the silver I do have will probably sell that off eventually, but wont be adding to it, the same with my MPC and paper currency
    they dont take up allot room so no issue there, I broke a shelf when I tried putting
    all my silver on it am big in to the designer 10 OZ bars, but when you compare what you have in dollars on each 10 OZ of Silver is worth $230, 10 OZ of GOLD is worth
    $17,800 enough said...LOL
     
    Gilbert likes this.
  7. slackaction1

    slackaction1 Supporter! Supporter

    Don't be a silver downer now... you know Silver outperforms. but it doesn't outperform the foam. As far as shelves breaking with too much weight is your fault not the Silver.
     
    mpcusa likes this.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    No, no not a silver downer just made a
    Reference between the two, I suppose
    I could of used a stronger shelf LOL
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Well, I wish we were having a local show this weekend, seems like it would be a fine time to lighten some of MY silver load -- melt for 90% is back over 17x, and JMBullion is advertising a buyback price of 18.07x. My show buyer would probably be closer to 18.

    But I'm sure it will go higher. And lower. And, as always, if I were sure when each would happen, I wouldn't be wasting my time here. :rolleyes:
     
    Gilbert likes this.
  10. mrweaseluv

    mrweaseluv Supporter! Supporter

    big change for me was getting into "slabbed" coins.. With the lack of LCSs in the area and lacking the ability to travel much, most of my purchases have moved "online" because of that my preffered purchases have become "certified" coins to avoid the worst of the fakes. While I still buy a lot of lower graded raw coins, once the price breaks 100 or more I start to worry so slabbed it is :D
     
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  11. imrich

    imrich Supporter! Supporter

    I believe it just took you longer to realize the obvious difference in PM collection.

    Once I realized that sufficient funds could be saved to acquire pre-1933 certified Gold U.S. coin in a reasonable time period (i.e. 6 months), purchase direction was easy to change.

    It became obvious when I could acquire a same date/grade lower mintage Gold Double Eagle as a U.S. Silver Dollar, for less funds.

    JMHO
     
    Last edited: Dec 10, 2022
    Gilbert likes this.
  12. ldhair

    ldhair Clean Supporter

    I reached any goals I had, a few years back. A monster box of Silver Eagles was my final purchase. I'm now back to only investing in rental property.

    The timing was perfect to bring properties up to speed and take advantage of the giant upswing in rents. Rents are up 40% over two years ago. It was not a time to buy unless you had the skills and team in place to flip the property. Many that did buy, may have problems as values and rents go back to a reasonable level.
     
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  13. imrich

    imrich Supporter! Supporter

    As a well-experienced person having realized "Eminent-Domain", "code-violation", or "tax-forfeit" of many property-types by "Government", a "box of Silver Eagles" may be a more secure "investment".

    I've recently been informed that my "home-stead" may be subject to condemnation, once new codes are finalized for local real-estate, after several years of town-ship "opt-in" to established unrealistic codes.

    Government can generate new codes for? and property-confiscation (i.e. generally except for farming/government use), while applying unlimited increasing taxes/regulation/etc., and "middle-night" unannounced arrest.

    Dis-believe?, just read new property-use codes through-out the country!

    JMHE
     
    Last edited: Dec 10, 2022
    Gilbert likes this.
  14. ldhair

    ldhair Clean Supporter

    I'm pretty safe from any government actions but understand what you are saying. If they did take my properties, I would laugh all the way to the bank but cry about all the passive income I would loose from rents. That's about 14% of investment each year after all cost and taxes.
    I see silver as a place to park money but it does not pay me anything. If I sold the silver, the taxes would eat much of the profit. Same with property but I almost never sell. If silver ever gets back to $50, It's as good as gone.
     
  15. Andy

    Andy Coin Collector

    From the guy born in a Brooklyn Housing project to now the middle class guy building some wealth but never risking to be truly wealthy my plan of action was and still is:
    Individual Stocks.
    Safe index/mutual funds
    Residential Home
    Rental Real Estate.
    I have a number of Gold Coins/French Francs as well. A collection more then an investment, but the investment part was part of it.
    Only regret. Not more stocks or more real estate. The gold coins. Wish I started a second collection. A third collection and a fourth collection.
    I also invest in experiencing life. Highly recommend it.
     
    Last edited: Dec 25, 2022
    Gilbert likes this.
  16. imrich

    imrich Supporter! Supporter

    Just part of an interesting story about confiscation of personal wealth by government and numerous others I've experienced in my travels through internet life.

    Hannes Tulvig was one of the most honest individuals I've ever met, never challenging, as I, the ability to confiscate yours and others wealth without virtually a whimper:

    http://about.ag/Tulving.htm

    I've experienced same numerous times, knowing the eventual outcome with or without resistance.

    Resistance from a prison cell is very limited!!

    There are individuals residing in Cuba who would state same!!

    I hope truths posted here are not considered "political or offensive to the family".

    I'm in the midst of having my home/wealth confiscated without a whimper, but have had 80+ years to enjoy the experience!

    I've done generally all of that you've stated, and much more, knowing that others may enjoy the fruit of your efforts, with very little relative effort!

    JMHO
     
    Last edited: Dec 25, 2022
    Gilbert likes this.
  17. Gilbert

    Gilbert Part time collector Supporter

    For the past ten years my interest has been Seated Liberty Halves, but auction prices have crept up to the point where additions to my collection are nearly zero. While I wait for a change in SLH interest, my focus is all over the place: Junk silver Mercury dimes and junk Walking Liberty halves when other offerings are slim. I have an uneasy feeling in my gut that the decrease in purchasing power of fiat will accelerate, so junk silver is a natural place to be. I know the premiums are ridiculous but such is life.
     
    Last edited: Dec 25, 2022
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  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Control what you can, and cross your fingers on the rest...LOL
     
    Gilbert likes this.
  19. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    I'm adding Liberty Double Eagles to my Saint-Gaudens DE want-lists. :cigar:

    My "investment" goals aren't including coins if that is what the OP is referring to. Looking at brand-new, great opportunities in the bond market and maybe a Q1 2023 bottom in equities.
     
  20. Whendric

    Whendric New Member

    Personally, I've never been able to sell Saints or Liberties for a set price. There has always been haggling regarding eye appeal. I'm concentrating on a building a Buffalo herd myself.

    Leaving my kids straight bullion since they have no numismatic background or interest.
     
    Last edited: Dec 29, 2022
    mpcusa likes this.
  21. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    If they are graded, that should limit the amount of haggling that should be done. The BID price by a coin dealer or shop should not vary that much for most TPG graded coins.
     
    Last edited: Dec 29, 2022
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