Wanted to know what the general consensus on this board was in regards to rounds or coins. Right now I am shifting around between generic rounds and ASE's and Maples. I will begin selling bullion at my coin clubs and was looking at would be the best return for those wanting to buy from me. Any thoughts would be awesome!
For me, it depends on the purpose and premium. If I want a long term investment (5 years +) I like to go for the Kawalas, or the Kookabaras, or coins similar to that because they change the design each year, and have a mintage that is some what limited. In the market like now, I like generic silver, because the premiums are low. I still like the coins, because they have numismatic value, and to me are fun to own.
I love the Maples right now, especially the Superman Variant. Hope they come out with a Batman one next year. ASE's seem to have a Universal appeal. Yeah, it makes sense that rounds would go faster in this climate. I am catering to an older audience, like 50's and older so I am trying to figure out what they like most. Junk 90% was going fast on Thursday.
I agree, Im sorry I do not know what the older audience likes the most, but I do like the designs! Hopefully they come out with more pop culture type silver rounds, because that would be cool!
The Zombucks were a good start. I'm still working on completing that set. The Walker is going for $65!
I'm from the older audience and like the Zombucks. But I don't think there's too many from my age group who do.
As an older collector Zombucks are not my thing but collect what you enjoy and let other people collect what they enjoy. Me I like anything with moose, trains, ASE, Barber,Gold,Lincolns, but not a big fan of Morgan Dollars. Tho I've had my share over the years.
@Bman33 I'm one of the older collectors, and if I were going to pay any amount over spot for silver, it would not be a generic round. I can understand paying a premium for legitimate "bullion coins of the realm" like SAE's or Maples because they do hold some numismatic value and are easily resold, but generic rounds are a different story. Chris
Thanks for the incite Chris. The coin route did cross my mind and you confirmed it. After all it is a Coin Club. The Former President of the Club brings SAE's to sell every meeting, so that should tell me something right there. I have some Maples to bring next time and see how well those go. I am wondering how my club would react to all the other foreign silver bullion too. Phils are beautiful coins too, might get a couple and see if they sell.
I'd like to add that there are some medals that are struck in silver, are commemorative in nature and would not be considered "generic". Items like those I've posted below would definitely carry a premium.
I like the combination of precious metals and collectible coins. I buy ASE's, and several foreign silver coins (Australian lunar, Chinese panda, etc.) every year. I've dollar-cost averaged my way to a nice collection, or accumulation. I bought a lot of 90% silver several years ago (and 35% war nickels), but I have enough of them, so I'm focused on the 99.99% silver coins now.
I'm an older collector and what I think is, "whenever you make a generalization you are generally wrong". I don't think age matters, people collect what they like. Yes, I collect Morgan Dollars, but I also really enjoy and collect the Australian "Map" series, the coins they mint that have the shape of he Australian Continent. My wife is building a set of the Australian Constellation Coins, but she also collects ancients. I would think that any coin that is 90% or higher silver would sell well as long it is priced at a reasonable price. Our coin club meeting starts at 7:00pm, but members set up the coins they want to sell at 6:00pm and what they sell the most is a very eclectic collection of different silver coins. Affordable and interesting sells to all ages.
At my club doors open at 6 with those having a table setting up at 5:30. At seven someone does a presentation or we have a guest speaker. Then around 8 or 8:30 we have an auction. There are guys selling a lot of different types of coins but I would be the first bullion only guy. I'll see how it goes this month. Got nothing to lose as I don't have to pay for a table and I got a stash of silver that I bought awhile back so I'll have good prices and will make dinero too.
What you've described sounds amazingly like the club I belong to. You're not taking about a NM club are you? www.abqcc.org
Albuquerque Coin and Currency Club. What you wrote describes how we set-up a meeting. Coincidence? I think not.
2015 Australian Kangaroo has the best of both worlds... Priced like bullion. And there's potential collectible appreciation, with relatively low mintage (300,000). Backstory (as I remember it): Perth Mint debuted the "new" Kangaroo design for 2016. But they didn't mention the 2015 version (a prototype?). Bay Precious Metals in the U.S. acquired all 300,000 of the 2015's. Only recently (?) began selling 'em on ebay. Australian collectors are especially peeved because they thought 2016 was the first of the new design. And they couldn't buy the 2015 direct from Perth. Latest news is, Perth is buying back 50,000 of the 2015's. Direct sales to Australian bullion customers supposedly begins this month. I prefer the cleaner-looking 2015. But I suppose the 2016 is more difficult to counterfeit. Cool security feature: There's a super-tiny "A" inscribed on the first A in the word Australian...