Slabbing modern bullion coins?

no offense but your coins arent worth a cent over melt unless you have a buyer lined up. I highly doubt you will find a buyer willing to pay 1,500 for a coin when anyone can just buy plain coin and get it graded themselves.i mean its not like bullion coins are hard to get in good condition right? Its not like they ever get used or circulated.

 

Log in or Sign up to hide this ad.

I will say that a slabbed coin will be protected in that nice case and won't be damaged. Dealers will continue to sell these slabbed coins so long as people keep buying them, the coin/currency market is very strong right now. I think if I was looking to buy for "melt value" I would buy the 10 ounce silver bars.

 

if all you have to do is buy a bunch of coins direct from the mint and then get them graded knowing that most of them will be incredibly high grades every F*ing coin dealer on the planet would be doing it.

 

>so where are we today as far as prices ~ as you stated $1300. Lowest buy it now on ebay for this 2011 70 set is NGC around $1100.

Not too shabby on a <$400.00 investment.

>Most of my friends have also started moving into currency, some of the Large size notes are like art ~ they are a piece of history.

I agree. I feel in love with currency made by American Bank Note Co. For the first year of accumulating them I would discard the holder w/ pick number. Someday I'll have to spend a good many hours organizing them.

>I was looking at the 5 ounce Silver Proof. What do you think of this coin?

I also like the 5 oz Libertad. I believe top shelf Libertads are underrated coins and will increase in value. Besides they have a fascinating history.

>Dealers will continue to sell these slabbed coins so long as people keep buying them, the coin/currency market is very strong right now.

It's much easier to organize, inventory & sell graded coins.
Hey, everybody should buy what they like and enjoy. Some like graded coins and some don't.
That's life. Let's all enjoy the hobby.

 

$1500 was for a 5 coin Silver Eagle special set, Only 100,000 sets were made ~ highly collectable !

 

That 5 ounce Silver Libertad is affordable to. Midas1 do you bid at the Fun Show Auction at the end of the year through Heritage Auctions? I do, I save money all year waiting for this auction some top nothched pieces go up for sale.

 

colinf you will be a dealer some day to if you are making purchase's in the coin market. I attend many show's and have very many friends in coins and currency, as a seller you need to make a little money on your coins to pay for your next purchase. Enjoy the hobby

 

This technique will work until it doesn't. Eventually, markets built on speculation over low quality investments collapse. Hopefully when the stabbed modern bubble bursts, it won't take the rest of the coin market down with it.

 

There is nothing like an open discussion and the free flow of ideas to clear the air.

Silver E C-C, I don't bid at the FUN Show I tend to buy at Whitman Baltimore show local shows, and I've made a couple of very nice purchases at flea markets.

 

" I highly doubt you will find a buyer willing to pay 1,500 for a coin when anyone can just buy plain coin and get it graded themselves"

If you are not experienced buying/selling PCGS graded coins it may be difficult to understand the market.

Notice PCGS MS70 2009 UHR gold coins sold for several hundred dollars more then the ungraded coin:
tinyurl.com/pj38l66

If you are happy buying what you buy, then enjoy!

 

nice attitude champ but you still havent answered my question, if making thousands of $$$ in profits is as easy as buying buying coins directly from the mint and getting them graded in bulk knowing some will be graded highly then why isnt every dealer on the F*ing planet doing it? Anyone willing to pay big bucks for a "MS70" bullion coin seems completely retarded when they could very simply spend a fraction of that just buying ungraded coins in bulk and have them graded like you did. Bullion coins are never circulated and will most likely be in almost perfect condition so the chances that one or two will get a high grade is very good.

 

"nice attitude champ . . . . getting them graded in bulk . . . . very simply spend a fraction of that just buying ungraded coins in bulk and have them graded . . . "

Sport, I cannot speak for "every dealer on the F*ing planet doing it?: I speak for myself.
I've explained why I buy PCGS 70 coins when possible. It has worked for me and I enjoy handling the coins, researching them, etc. And they are a good investment.

" . . . Anyone willing to pay big bucks for a "MS70" bullion coin seems completely retarded when they could very simply spend a fraction of that just buying ungraded coins in bulk and have them graded like you did. . . . "

If you search Cointalk you will find a few very good threads describing the grading of the 2011 ASE five coin set and why they sell at a significant premium.

If you don't like PCGS 70 graded coins that's fine with me.

Buy what you enjoy. I do.

End of story.

Peace, Love and Eternal Cosmic Wisdom,
Mike

 

but its not a good investment, its a terrible investment. as soon as people start doing what you do in larger numbers the bubble will burst and your coins will be worthless. an "MS70" bullion coin means nothing because bullion coins arent circulated. your coins arent worth more than spot unless your can find a buyer and i doubt you will. You still are unable to answer my question, if what your doing is such a good investment how come every coin dealer isnt doing the same? Your investment strategy is nothing more than the "Greater fool effect".

 

collinf ~ you say that you would pay $30 for a Silver Britannia Coin, but if you bought a box of 500 you would pay 25 to 50 cents over spot for each coin. So in today's market that would be $22.10 to $22.35 each, when you purchase a coin you need to know that a seller has all kinds of fee's. Entrance fee's to shows, booth fee's, handling fee's on these 500 coin boxes, The mint don't sell single bullion coins they only sell the monster boxes.

If you buy the collector coins from the US Mint or any other Mint then yes you can expect to mark them up a little for resale as many sellers do. If you buy a Silver Britannia at $30 and spot silver goes back up to $46 per ounce like it has in the past, then could expect to sell your coin for $46 plus $2 for handling. Most buyer's know this when they are buying coins or currency.

 

my point is that a common $30 bullion coin will never become worth thousands simply because there's an artificially low population of high grade coins due to the fact that most people dont bother to get bullion graded. just because somethings "book value" is high doesnt mean anyone will pay it. i have a hungarian 10 korona i paid $140 for that ended up being valued at $600 but if i try to sell it for $600 on ebay or at a convention and no one is willing to pay what im asking then its not really worth $600 is it?

 

Some buyer's will alway's pay the premium for 70 graded coins, I will on low mintage coins or sets if I like the coin or set. Buyer's choice in this hobby

 

I agree on your statement, common bullion will never become high in value no matter what the grade !

 

I sell on ebay, if I have a piece valued at $600 I will list it at $599 with a best offer. You never know what someone will offer you.

 

Here's my 2011 Silver Eagle Set, it's MS/PF 69 ~ $699

 

Who knows why? With that said, there is a market and buyers will purchase the 'slab'.
Over the years, I have learned to simply buy the coin but I have an understanding that many will pay a premium for a TPG coin(s) with a "perfect" grade, then add the label to the mix.

When all is said and done... as a collector, no to purchasing slabs. As a seller, yes to grading and selling slabs.