Modern Commems as bullion investments

One often over looked option (however mentioned on this forum before) is to watch the US Mint for the silver proof quarter sets. These are sold at a fixed price and for the last two years the price of silver rose so much during the year, the sets sold for less than spot prices for the silver in them. (and the mint only charges $4.95 per shipment) 2009 was a great deal because it had 6 quarters in it. 2010, 5 quarters, is also below spot however it's gone to unavailable. You also have the benefit that these coins are collectible so have an additional numismatic value as well.

 

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ive been buying commems on ebay for the past 2 weeks, there is not alot of bidding competition, im snagging them for a low as $27 a pop. so far ive picked up 14 at $28.40 a pop.

 

That is exactly what I did. I ordered 50 random years and 50 "better date" random years. So my avg price for all 100 coins was $33.60 (including shipping)
My thoughts were since my modern commem collection was pretty sparse this might be an effective way to get a jump start. And if I hang on to them long enough and IF silver goes up I should be in good shape. Well I'm not sure if this was a success. Out of the 100 I ordered 30 filled a hole in my type set. So I've got 70 duplicates. (They sent me 11 MT Rushmore and 10 Congress proofs!) I can just hang on to them as bullion or sell them down the road. Or even trade for others.

I guess I could have done better by just buying the coins I needed individually. Not sure if I would call this method a success or not. Guess it will depend on teh price of the silver. Live and learn.

 

i bought commemoratives this weekend spending my ebaybucks, i didnt score any good dates but i ended up with 12 more for an average of $26.15 a pop after the rebates. the last lot of 8 i scored really brought my cost average down, i snagged those 8 for $25.39 EACH

 

Dang 9guns, You need to let me know your ebay secrets. Did those last eight happen to be the 95 olympic set?

 

no they were a mixed lot of 4 different years. this seller had 1/2 dozen lots of 8, i put lowball bids on all of them. i barely missed most of them by $5 but this one that i scored came in $15 lower than my bid.

 

I won the auction for a 8 coin proof set from the 1996 Olympics. Ended up paying almost $52 per coin. Not exactly melt price but it fills a major gap in my album.
Some of the pricing for the UNC olympic commems are out of this world.

 

$39.95 now minimum each at coast to coast coins.