Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
No love for modern US commemoratives, why?
>
Reply to Thread
Message:
<p>[QUOTE="Blasty, post: 8236215, member: 38375"]Here's an afternoon thought/rambling that popped in my head.</p><p><br /></p><p>One very friendly LCS that I frequent sometimes has melt trays out, something I don't often see - gold and silver coins with zero premium. This is usually Canadian and other foreign "junk" silver as would be expected. What I find interesting, and frankly odd, is that most modern US commemoratives end up in these trays.</p><p><br /></p><p>Right now I see a >$3/OzT premium attached to common circulated junk 90% and generic rounds, and a premium near $100/OzT on your typical ounce gold bars. Even cull silver dollars are priced at $30 each and people still buy them.</p><p><br /></p><p>Yet when it comes to commemoratives, I see 90% dollars, $5 and $10 gold pieces without premium, weight and purity identical to their original counterparts. It's not like these are some unknown, un-marked pieces that should raise suspicion - they're standard US gold and silver coins. And BU/Proof to boot.</p><p><br /></p><p>So, any thoughts as to why in this climate of stiff premiums on absolutely everything else, would any US Mint issue gold and silver coins be so undesirable that they are treated as scrap? What am I missing?</p><p><br /></p><p>I enjoy looking at pictures of peoples' monster "stacks" and yet I never see tubes of modern silver dollars. I would think people interested in getting the most weight at the lowest premium would be all over them. People are showing off their war nickels and 40% for gosh sakes.</p><p><br /></p><p>Disclosure: I was quite happy to grab a 1984-D $10 piece at melt. Dammit it's still a proper $10 gold piece and I really like the reverse on it.[/QUOTE]</p><p><br /></p>
[QUOTE="Blasty, post: 8236215, member: 38375"]Here's an afternoon thought/rambling that popped in my head. One very friendly LCS that I frequent sometimes has melt trays out, something I don't often see - gold and silver coins with zero premium. This is usually Canadian and other foreign "junk" silver as would be expected. What I find interesting, and frankly odd, is that most modern US commemoratives end up in these trays. Right now I see a >$3/OzT premium attached to common circulated junk 90% and generic rounds, and a premium near $100/OzT on your typical ounce gold bars. Even cull silver dollars are priced at $30 each and people still buy them. Yet when it comes to commemoratives, I see 90% dollars, $5 and $10 gold pieces without premium, weight and purity identical to their original counterparts. It's not like these are some unknown, un-marked pieces that should raise suspicion - they're standard US gold and silver coins. And BU/Proof to boot. So, any thoughts as to why in this climate of stiff premiums on absolutely everything else, would any US Mint issue gold and silver coins be so undesirable that they are treated as scrap? What am I missing? I enjoy looking at pictures of peoples' monster "stacks" and yet I never see tubes of modern silver dollars. I would think people interested in getting the most weight at the lowest premium would be all over them. People are showing off their war nickels and 40% for gosh sakes. Disclosure: I was quite happy to grab a 1984-D $10 piece at melt. Dammit it's still a proper $10 gold piece and I really like the reverse on it.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
No love for modern US commemoratives, why?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...