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Investing in bullion -- should I do silver or gold?
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<p>[QUOTE="mike98024, post: 293095, member: 10019"]i'm in this hobby for the coins, not the dollars. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />- quoting Steve</p><p> </p><p> While you make very good points, investing in coins and bullion are two different things. Bullion investing is speculation in world demand for the metal itself, and low quality (virtually non-collectable) coins is simply a method of accumulating silver that is government guaranteed to be 90% pure. With the billions and billions of used up pocket piece coins around, there will be no loss of rarities by keeping them aside for silver value. </p><p> Coin collecting is a much more noble thing, in my opinion. A fine old coin is a piece of history itself, and one becomes a caretaker as well as a collector/investor. Any incidental bullion value may affect a common Saint, but not a rare one. The role of the owner is completely different, and the mindset between the purchases could not be more different. I had a 1793 half cent at one time. If copper had hit $10,000/oz I still would never had sold it to be melted. This bag of 650 used up Roosies? I would trade 'em in a heartbeat! I love old coins, but not every old coin! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mike98024, post: 293095, member: 10019"]i'm in this hobby for the coins, not the dollars. :)- quoting Steve While you make very good points, investing in coins and bullion are two different things. Bullion investing is speculation in world demand for the metal itself, and low quality (virtually non-collectable) coins is simply a method of accumulating silver that is government guaranteed to be 90% pure. With the billions and billions of used up pocket piece coins around, there will be no loss of rarities by keeping them aside for silver value. Coin collecting is a much more noble thing, in my opinion. A fine old coin is a piece of history itself, and one becomes a caretaker as well as a collector/investor. Any incidental bullion value may affect a common Saint, but not a rare one. The role of the owner is completely different, and the mindset between the purchases could not be more different. I had a 1793 half cent at one time. If copper had hit $10,000/oz I still would never had sold it to be melted. This bag of 650 used up Roosies? I would trade 'em in a heartbeat! I love old coins, but not every old coin! :) Mike[/QUOTE]
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Investing in bullion -- should I do silver or gold?
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