Need some advice.

Discussion in 'Bullion Investing' started by GUNNER63736, May 20, 2020 at 1:06 PM.

  1. Inspector43

    Inspector43 72 Year Collector

    Like I said about opinions. And, I'm not collecting silver.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. fretboard

    fretboard Defender of Old Coinage!

    Inspector43 likes this.
  4. GUNNER63736

    GUNNER63736 Well-Known Member

    Wow. I sure ain't going to buy certified silver eagles anymore. Raw from now on. May just get out of collecting all together since I only buy silver. I guess I have a worthless collection. LOL
     
    Last edited: May 20, 2020 at 8:57 PM
    Kentucky and LA_Geezer like this.
  5. FryDaddyJr

    FryDaddyJr Junior Member


    just buy cheap bars and 90 percent US silver
     
    GUNNER63736 likes this.
  6. Phil Ham

    Phil Ham Hamster

    My five 25th Anniversary Sets are still trapped in the US mint shipping box. I'm thinking that I'll open the box at my wake:)
     
    Inspector43 likes this.
  7. baseball21

    baseball21 Well-Known Member

    They can yes. On 69s generally not as much, but they can make them more liquid. It really depends on the label in question, most will at least make it easier to sell

    The only thing worse than someone trying to tell someone else how to collect is someone else giving blatantly false information about someone else's collection.

    If he really thinks your special sets are worth melt I'd be more than happy to give him double melt for all his RP eagles
     
    LA_Geezer and Inspector43 like this.
  8. Inspector43

    Inspector43 72 Year Collector

    I think that 99 out 100 collectors will disagree with a statement that any collection is worthless.
     
    LA_Geezer likes this.
  9. GUNNER63736

    GUNNER63736 Well-Known Member

    Lol. I really didn't mean that. It was indeed a dumb statement. The hobby is for my own enjoyment. I can't afford high dollar coins but I enjoy this hobby as much as anyone that can afford them, and I am very glad they can afford them. Also with a collection of cheap coins, I have less to loose. Lol. I really enjoy reading here about others high dollar coins. Love the pics and write ups. If i would quit buying so dang many coin magazines, I could probably buy a better coin now and. NAAAA. I enjoy the magazines also. Lots of time on my hands these days in retirement.
     
    Last edited: May 20, 2020 at 11:19 PM
  10. Inspector43

    Inspector43 72 Year Collector

    I'm retired and enjoying it. Peace and safety to you.
     
  11. fretboard

    fretboard Defender of Old Coinage!

    No need to get out of collecting at all. We are in some turbulent times and the price of silver will definitely go up!! There's still time to make money off it. That said, the retail prices are crappy right now, but that's mainly because everyone knows that it's going up! :D
     
    Inspector43 likes this.
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Look, if you are buying silver to appreciate based STRICTLY on the price of silver, you want raw ungraded silver that is as close to spot as possible.

    If you are OK with paying a premium for slabbed silver...if you want proofs or ultra cameos and maybe an MS70 or MS69...then you'll pay a premium, just make sure you're paying FMV.

    I disagree with those here who say your coins if you want to sell them will sell for melt. That's your WORST CASE scenario. They will almost certainly sell for a premium, you just DON'T KNOW what that premium will be. So if you like a certain coin for aesthetic reasons, as long as you can live with getting melt value down the line, then it's OK to buy -- like a piece of art.

    The more you are buying for an investment, the more you probably want to keep the premium low.

    Ultimately, it's a matter of your choice based on numismatic value and investment value.
     
    Inspector43 likes this.
  13. FryDaddyJr

    FryDaddyJr Junior Member

    I'm not dumb enough to buy slabbed eagles.
     
  14. baseball21

    baseball21 Well-Known Member

    Realistically if that's the goal, you want the silver stock where you can buy and sell it at a much lower margin (the buy sell fee from etrade or whatever) and much easier/quicker than physical.

    There's a reason why even the biggest metal sellers hedge and presell and all that fun stuff. Little guys get killed trying to "invest" in metals barring a big jump which is very rare. The stock is really the best chance to show a profit aside from sitting on it for 40-50 years
     
    Inspector43 likes this.
  15. Inspector43

    Inspector43 72 Year Collector

    There are some opportunities in the 25th Anniversary sets. I found two quite rare pieces. $1 ASE WDDO-001.
    2011 ASE DDO IGWT.jpg 2011 ASE DDO Ray.jpg 2011 ASE DDO Date.jpg
     
  16. LA_Geezer

    LA_Geezer Well-Known Member

    So much of this is 100% correct EXCEPT I would be happy to get an MS70 graded ASE slabbed, and I have done so...specifically a 2020 because it is the last year of the original reverse ASE design. I'll buy a 2021 ASE MS70 slabbed because it will be the first year of the new design. Otherwise it is as you say, I have thousands of ASEs dating from the beginning, all of them raw with little or no collector value. If I had had the forethought to buy an MS70 slabbed back in 1986 I would have, but these go for outlandish prices today.
     
    Inspector43 likes this.
  17. Inspector43

    Inspector43 72 Year Collector

    There is a difference between collecting and accumulating.
     
    LA_Geezer and baseball21 like this.
  18. Kentucky

    Kentucky Supporter! Supporter

    Check how Proof Sets have done in the last 20-30 years.
     
  19. Kentucky

    Kentucky Supporter! Supporter

    Particularly anything you see on FaceBook...beware and report them!
     
  20. Kentucky

    Kentucky Supporter! Supporter

    One ounce rounds are interesting, if the ASE, Maple Leaf, Kangaroo, etc sell close to them, they are a little more marketable.
     
  21. FryDaddyJr

    FryDaddyJr Junior Member


    then start posting in the correct forum/
     
Draft saved Draft deleted

Share This Page