Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
If Silver Price keeps rising then keep your eyes on the 2010 Silver Proof Quarter Set
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1040323, member: 22143"]The 2010 Silver Proof Quarter set (5 quarters) from the US Mint contains 0.90423974724 oz of silver. It also contains a nominal amount of copper by value so I will ignore that. I will also ignore any future numismatic value on this set. You can order these from the mint with very little overhead, little risk, and they don't add a penalty for credit cards. Price of these coins does not change. </p><p><br /></p><p>A bullion Silver Eagle of course contains 1 oz of silver. However it can only be purchased through a dealer which first has to add the mint surcharge and then their own profits to the price of silver. i.e. the price of this coin is determined by spot + markup. </p><p><br /></p><p>So, if you buy 10 silver proof sets from the US Mint, your cost is this:</p><ul> <li>$334.45 (includes shipping)</li> <li>This is for 9.0423974 troy ounces of silver</li> <li>Cost/Oz = $36.98</li> </ul><p>If you by 10 Silver Eagles from Apmex (Ag = $27.38/oz)</p><ul> <li>$345.10 (includes shipping & CC charges)</li> <li>This is for 10 troy ounces of silver</li> <li>Cost/Oz = $34.51</li> </ul><p>What happens to Silver Eagle if Ag rises to $30/oz</p><ul> <li>$372.11 (uses Apmex surchg/coin of $4.19 + shipping)</li> <li>Cost/Oz = $37.21</li> </ul><p><br /></p><p>This is a $2.47/oz difference this weekend with the Silver Eagle still a better buy. However, the 2010 silver quarter proof set begins to become an interesting option for bullion investors if prices continue to rise If silver rises to ~$29.50 then the 2010 Proof Quarter set breaks even with the Silver Eagle in this example. When Ag = $30/oz, then the 2010 quarter set is clearly the better deal. </p><p><br /></p><p>Of course there are many ways to slice this deal, but it's an example of why bullion investors should watch fixed prices for numismatic products. Of course if this happens, expect the US Mint to announce they have sold out of the 2010 set as they did with 2009 a few weeks ago when the silver price exceed their price for the set. (6 quarters for less)</p><p><br /></p><p>IMO, I will add that one should expect some better than average numismatic value on this 1st year of a 10 year series. Series collectors love the silver quarter sets because it allows one to participate in the hobby at relatively low cost.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1040323, member: 22143"]The 2010 Silver Proof Quarter set (5 quarters) from the US Mint contains 0.90423974724 oz of silver. It also contains a nominal amount of copper by value so I will ignore that. I will also ignore any future numismatic value on this set. You can order these from the mint with very little overhead, little risk, and they don't add a penalty for credit cards. Price of these coins does not change. A bullion Silver Eagle of course contains 1 oz of silver. However it can only be purchased through a dealer which first has to add the mint surcharge and then their own profits to the price of silver. i.e. the price of this coin is determined by spot + markup. So, if you buy 10 silver proof sets from the US Mint, your cost is this: [LIST] [*]$334.45 (includes shipping) [*]This is for 9.0423974 troy ounces of silver [*]Cost/Oz = $36.98 [/LIST] If you by 10 Silver Eagles from Apmex (Ag = $27.38/oz) [LIST] [*]$345.10 (includes shipping & CC charges) [*]This is for 10 troy ounces of silver [*]Cost/Oz = $34.51 [/list] What happens to Silver Eagle if Ag rises to $30/oz [list] [*]$372.11 (uses Apmex surchg/coin of $4.19 + shipping) [*]Cost/Oz = $37.21 [/list] This is a $2.47/oz difference this weekend with the Silver Eagle still a better buy. However, the 2010 silver quarter proof set begins to become an interesting option for bullion investors if prices continue to rise If silver rises to ~$29.50 then the 2010 Proof Quarter set breaks even with the Silver Eagle in this example. When Ag = $30/oz, then the 2010 quarter set is clearly the better deal. Of course there are many ways to slice this deal, but it's an example of why bullion investors should watch fixed prices for numismatic products. Of course if this happens, expect the US Mint to announce they have sold out of the 2010 set as they did with 2009 a few weeks ago when the silver price exceed their price for the set. (6 quarters for less) IMO, I will add that one should expect some better than average numismatic value on this 1st year of a 10 year series. Series collectors love the silver quarter sets because it allows one to participate in the hobby at relatively low cost.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
If Silver Price keeps rising then keep your eyes on the 2010 Silver Proof Quarter Set
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...