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Should I start buying coins instead when bullion prices are high?
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<p>[QUOTE="beaver96, post: 7419175, member: 106712"]I also spend between $500-$1,000 a month on coins and bullion. I consider myself a collector first and a stacker second. Even when I buy bullion I buy it with an eye towards collecting, such as date sets of world silver bullion coins or interesting subjects. All that being said I have backed off bullion at todays premiums and concentrate more on collectable coins. </p><p> In seeing your posts over the last 6 months it seems we are attracted to the same things. I have seen your purchases from Apmex and JM bullion among others for world bullion as well as coin dealers for more collectable coins. I would recommend that you establish a relationship with a select few dealers who will then cater more to your interests. The big online dealers are fine for the new products but a friendly dealer will do more for your bottom line in coin dealings.</p><p> Lastly I collect for my enjoyment. I don't worry about what others will think about my collecting style. After 40 years I know that bullion prices will rise and fall and that most of my collectable coins will sell for less than I paid for them, that's the cost of enjoying this great hobby. Very few ever make money at their hobby, they pay for the enjoyment they receive while participating.</p><p> Back to your original question I'm buying more coins from my LCS. Even his bullion premiums are more than I'm willing to pay at this time. But he is not having any trouble selling all the bullion that he can get his hands on.[/QUOTE]</p><p><br /></p>
[QUOTE="beaver96, post: 7419175, member: 106712"]I also spend between $500-$1,000 a month on coins and bullion. I consider myself a collector first and a stacker second. Even when I buy bullion I buy it with an eye towards collecting, such as date sets of world silver bullion coins or interesting subjects. All that being said I have backed off bullion at todays premiums and concentrate more on collectable coins. In seeing your posts over the last 6 months it seems we are attracted to the same things. I have seen your purchases from Apmex and JM bullion among others for world bullion as well as coin dealers for more collectable coins. I would recommend that you establish a relationship with a select few dealers who will then cater more to your interests. The big online dealers are fine for the new products but a friendly dealer will do more for your bottom line in coin dealings. Lastly I collect for my enjoyment. I don't worry about what others will think about my collecting style. After 40 years I know that bullion prices will rise and fall and that most of my collectable coins will sell for less than I paid for them, that's the cost of enjoying this great hobby. Very few ever make money at their hobby, they pay for the enjoyment they receive while participating. Back to your original question I'm buying more coins from my LCS. Even his bullion premiums are more than I'm willing to pay at this time. But he is not having any trouble selling all the bullion that he can get his hands on.[/QUOTE]
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