My Latest Purchase

Discussion in 'Bullion Investing' started by SilverTracker, Feb 2, 2017.

  1. SilverTracker

    SilverTracker Well-Known Member

    Not much this time around but I went to the only LCS around my area and bought my first ASE for 2017 & a Morgan Silver Dollar. It is a common date Morgan but man I love the coin and its design.

    The pics aren't the best but you can see what they are.
     

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  3. Daniel Jones

    Daniel Jones Well-Known Member

    Those coins look fun, though. Do you prefer type sets, or whole variety sets of certain series?
     
  4. SilverTracker

    SilverTracker Well-Known Member

    That's the problem with me I am try numismatic by definition. But also a stacker of PM's. I have a very small diverse set of coins with 95% of them containing silver. I did set a goal this year to finish my roosevelt dime set and purchase one of every type of US coin that existed during the civil war.

    I try to visit my LCS every week and purchase an ASE for the stack but I check their coin boxes where they keep the loose raw Morgans and Peace dollars. At least once a month I get either one of the silver dollars, but not to stack only collect. But the ,dollar has to have decent features for me to get it.
     
  5. Bman33

    Bman33 Well-Known Member

    Nice coins and keep stacking! I'm similar in that I mostly stack PM's and have a pretty humble coin collection. I don't have a coin worth more than $75.00. I am being patient for a big purchase on a 1885CC MS65 Morgan. I almost got an MS64 but thanks to some advice here I decided to go for the 65.
     
  6. Camreno

    Camreno Active Member

    Hope you got a good price! :)
     
  7. SilverTracker

    SilverTracker Well-Known Member

    I would definitely hold out for that Morgan and that grade. I am sure you are going to buy from an already certified one from PCGS or NGC?

    My best non PM coin is a $ 48.00, 1858 Flying Eagle Penny I won off a late night e-bay auction. I have thought about saving up to get better coin's and specimen's but with the uncertainty of the economy here and around the world I tend to continue to buy PM's as a hedge against it. And besides my chinese Panda coins are increasing in value faster than other non PM coins.
     
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  8. Bman33

    Bman33 Well-Known Member

    Going for a PCGS. I am still doing some soul searching on it and would like to see many specimens before I buy.
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Looks like a coin like that costs about $1,100. Just curious, what are you looking to pay ?
     
  10. Bman33

    Bman33 Well-Known Member

    I was looking to pay about that. Now I'm thinking a 2017 AGE sounds better.
     
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  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They are 2 different investments.

    1 is largely a numismatic purchase at 70x the underlying metal component. The other is a play on gold.

    Not saying one is better than the other, just that they are very different. Silver coins vs. Morgans is a closer analogy.
     
  12. Bman33

    Bman33 Well-Known Member

    This would be my first gold purchase. It's in my budget to pick either one but not both right now. I feel safer with the gold because it would be more liquid if I needed it for cash for some extreme reason. Then again I could just go buy 80 ounces of silver which I feel more comfortable with.
     
  13. SilverTracker

    SilverTracker Well-Known Member

    My latest silver purchase from Provident
     

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  14. Bman33

    Bman33 Well-Known Member

    Did you get a role of quarters?
     
  15. SilverTracker

    SilverTracker Well-Known Member

    No, its was only 4.00 this time.
     
  16. losthomer

    losthomer Active Member

    Sitting on the sidelines with expendable cash waiting for the next dip. Not into collectables and want to add to the stack. I lose interest when delivered cost exceeds 16.50 for generic silver bullion. Why 16.50? No concrete explanation other then the dips peter out soon after dropping below that level. It's also the most I've paid.

    looking into other investments as well.
     
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