Discussion in 'Bullion Investing' started by GUNNER63736, May 20, 2020 at 1:06 PM.
Like I said about opinions. And, I'm not collecting silver.
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You're right tho' @Inspector43, to each their own!
just buy cheap bars and 90 percent US silver
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
I think that 99 out 100 collectors will disagree with a statement that any collection is worthless.
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.
I'm retired and enjoying it. Peace and safety to you.
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!
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.
I'm not dumb enough to buy slabbed eagles.
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
There are some opportunities in the 25th Anniversary sets. I found two quite rare pieces. $1 ASE WDDO-001.
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.
There is a difference between collecting and accumulating.
Check how Proof Sets have done in the last 20-30 years.
Particularly anything you see on FaceBook...beware and report them!
One ounce rounds are interesting, if the ASE, Maple Leaf, Kangaroo, etc sell close to them, they are a little more marketable.
then start posting in the correct forum/
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