I want to make some money...American Silver Eagles

Discussion in 'Bullion Investing' started by Mike Drop, Oct 10, 2017.

  1. Mike Drop

    Mike Drop Active Member

    I wish to use ASE as a short term (1-2 year) profit driven investment. I do not wish to allocate all of my numismatic budget into ASE. I need advice, should I get them graded? Should I buy pre graded? How much should I buy? Any advice is super helpful!!!!
     
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  3. CoinCorgi

    CoinCorgi Derp, derp, derp!

    get a clue
     
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  4. Mike Drop

    Mike Drop Active Member

    Excuse me, I don't really understand. Can you please explain.
     
  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    While not the most kind or gentle advice, Mr. Corgi's suggestion is unquestionably solid and is something you need to take to heart.

    Unfortunately, you seem to be under the impression that profiting is easy and/or guaranteed. This notion is shared by many, especially the new, and is really one of the most ridiculous aspects of this hobby. If anything, you'd be wise to slow down and invest your energies into learning the overall market before even considering parting with a single cent. There's simply more to it than you seem to think.
     
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  6. Mike Drop

    Mike Drop Active Member

    I understand sir. Thank you
     
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  7. Mike Drop

    Mike Drop Active Member

    I do understand the financial risks of how silver, gold or any other investment can fluctuate in value. I'm willing to take the risks of ASE but I simply wish to lessen to possibility of a negative outcome by standing with a solid plan.
     
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  8. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    Depends if you want to make a Bullion play or Numismatic play?

    Also, please consider that all of the investment advice you get on Coin Talk is worth EXACTLY what you're paying for it.
     
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  9. Mike Drop

    Mike Drop Active Member

    ASEs with MS 70 First strike or other special designations has a high premium that could be profitable but my simple question is that I would like to know if purchasing ASEs with special designations will be more profitable than raw ASEs
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

    Your goal is to buy something, sit on it for a year or two, and then sell it at a profit. Right?

    Take a look at silver's price history over the last few years. That will give you an idea of what can happen based on bullion value. (The last few years haven't been good.)

    Take a look at PCGS's price-history tools. That will give you an idea of what can happen based on numismatic premiums. (Again, it's not a pretty picture.)

    Finally, consider that anyone trying to sell to you or buy from you is also trying to make a profit. In other words, if you buy from one place and then immediately sell back to that same place, you'll lose 10%-50%, depending on the dealer, the material, and the volume.

    How can you make a profit? Find stuff at face value (change/roll searching), find things being sold well below their current value (before anyone else does), or find buyers who will pay more than current value. Or get lucky, which I guess covers all of the above. :)

    Welcome to CoinTalk!
     
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  11. Mike Drop

    Mike Drop Active Member

    Ok I will reconsider my strategies. Thank you for your help!
     
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  12. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    IMO, I would stay away from the specialty MS70 stuff unless you really understand the market. Too many big players sending in large quantities to TPGs.

    Plus, where is the underlying collector base for this stuff? There are still lots of collectors wanting a 1909-SVDB or 1914-D for their sets, but who is paying the premiums for Autographed, first strike MS70 slabs [or whatever the flavor of the month]? Collectors? Or someone looking to unload it at a profit to the next guy trying make a profit.
     
  13. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    For what it's worth, I'd like to congratulate you on being open to reason, and for actually listening to what the guys are telling you. Believe it or not, many come here demanding to be told only what they want to hear, refusing to consider that their assumptions may be wrong.

    As for "first strike" and other special labels, I respectfully suggest you look into exactly what they mean and are. Generally speaking, you would be buying little more than a gimmick designed not for long term premiums, but for the holdering entity to pad their pockets now. The more you educate yourself, the better off you'll be, period, and if really 15, you've plenty of time to do so.

    Also, and just to be clear, OldHoopster was correct in the advice given is worth what you pay for it, but this doesn't apply to this forum only, so please don't think YouTube or any other popular site will be any better.
     
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  14. Mike Drop

    Mike Drop Active Member

    Thank you for your help. It is much appreciated
     
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  15. abuckmaster147

    abuckmaster147 Well-Known Member

    You would be better off IMO to go to like provident's web page when they have the random ASE'S on sale and buy what you want or can afford. If only a few at a time save for the $99.50 free ship and save even more. Every week they have a different sale starts mon.Every few weeks they will usually run some kind of ase special.
     
  16. sakata

    sakata Devil's Advocate Supporter

    The simple answer is that two years is two short an horizon. Absolute minimum of 5 years with a willingness to hold out for ten or more. If you are not willing to do then them put your money elsewhere. In reality and money needed before retirement is not necessarily money to put into this field.
     
  17. Santinidollar

    Santinidollar Supporter! Supporter

    You seem to be a thoughtful young man. Do your homework on this subject before you spend a red cent. Never invest in anything -- stocks, bonds or precious metals -- that you don't have solid basic knowledge of.
     
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  18. Bman33

    Bman33 Well-Known Member

    All I have to say is be careful. Don't get into PM's if you are in debt or struggling to pay bills. Like many have said, it's most likely to be long term venture. My views on bullion have changed to a more negative outlook as I think I can put my money elsewhere and get a better return. I still buy a little here and there though.
     
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  19. Clawcoins

    Clawcoins Well-Known Member

    I invest in Stocks, Commercial & Municipal Bond Funds, Crypto and Bullion.

    I only use Bullion to "store" wealth. Not really an "investment" but a visually pretty method of storage of wealth. And I use ASEs for that method as it's recognizeable if you use it to leverage with a Bank/CU at some point (many basic PM rounds are not).

    Now my original investments of Gold and Silver from 1997 has quite an uptick in valuation, over 20 years !! Versus buying some stock I recently did at $18 which is now over $30 in a short few months.

    Never jump into anything that can be considered an investment without undergoing a neutral type analysis. Many people will skew their thinking into a positive viewpoint on investments that they *think* are good or are someone related to some industry that they are in, or a salesperson's perspective of income to sell an investment.

    Over the really long term PMs should increase in value. Maybe. All depending upon when you get into the PM and when you want to get out. Just check charts of the stuff over time.

    Then realize that if you buy a MS70/PF70 slabbed coin you are NOT investing in PM, but investing in numismatic valuation. In the future in a down market the numismatic valuation may plummet and leave you simply with a PM valuation.

    Image if you bought at the TOP of this chart .. you'll be waiting a LONG TIME for it to recovery...
    [​IMG]

    Only in a solid demand PM/Numismatic market will those types of investments increase. And the market can be very cyclical. Vendors will NOT give you the $$ you think they are worth, so you have to research and know different venues to buy/sell items.

    Good Luck.
     
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  20. -jeffB

    -jeffB Greshams LEO Supporter

    Only in nominal dollars, I think. Otherwise that "ounce of gold that bought a nice new toga 2500 years ago" would buy dozens of nice new suits now. :rolleyes:

    As technology advances and the imaginary (er, "virtual") world occupies more and more of our attention, I wouldn't be a bit surprised to see PMs, and many other physical assets, continue a slow but steady decline.
     
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  21. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Whoa. Somebody actually "gets it". Well done.
     
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