The New Pirate 2 Ouncer

Jps corner has the capsules as well for much cheaper than what's been quoted...on their home page.

 

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The RCM minted a five ounce gold 500 dollar coin intricately depicting the battle between HMS Shannon and USS Chesapeake:

http://www.mint.ca/store/coin/5-oz-...ake-mintage-200-2013-prod1680016#.Vc9SJ_lVhBc

I bought one with a one thousand dollar discount.

 

Oh yeah, well that doesn't have any cool sirens or skulls on it....

 

"The RCM minted a five ounce gold 500 dollar coin intricately depicting the battle between HMS Shannon and USS Chesapeake:"

Nice coin but pretty steep premium over spot. I might be interested if they made a high relief coin.

 

It isn't a bullion coin. It's a numismatic issue with only 500 minted.

 

Excuse me, I meant 200 minted.

 

I got two (2) Siren 2oz Silvers this week

 

Looks like real pirates booty, @Chiefbullsit.

 

I missed out on p1 but I've loaded up on p2 & p3. Interest is strong with these, selling in the $50 range on ebay. How can you go wrong buying them at $36-38!

 

When the novelty wears off, that's when you'll realize you went wrong buying these at such prices.

 

I doubt it but we'll see. And who's to say I'll hold them long enough to find out. They aren't monster morgans afterall

 

If they were mint on demand products I'd be more cautious but provident seems to be doing it right with these and not over minting them. They have spectacular designs and a beautifully chunky feel to them. Imho, only generic bullion buyers who like nothing but the cheapest silver possible scoff at these and their markups

 

Strike while the irons hot, that's what the bullion dealers are doing selling this kind of material to buyers today. If you can flip these soon, then by all means do so and make something of them for yourself. One can buy plenty of novelty bullion from decades ago for about what you are paying for these today.

 

'Mint on (to) demand' is a clever marketing tool to spur consumerism and ensure they sell all they have minted. As they have seen a sell out of previous versions, they simply issue the next design and repeat the process. The designs are subjective but are selected for the audience. I doubt you'd respond the same to designs with Barbie or Pooh Bear.

 

These are somewhere in between novelty and numismatic imo

 

But these aren't barbie or poo bear. I get your point though. Even with the low mintage I can't seem to feel the need to buy even 1 Grand Canyon 2oz elemetal (or whatever canyon it is) it's a horible design. These are not.

 

Nothing is for free, collect what you like. I don't think these will be a big profit maker long term unless silver jumps back up into the $30 to $40 range. That said neither will the Lord of the Ring coins I just bought, but I like them and am glad to have them.

 

I guess by numismatic you mean collectible and by default, worth more.

Silver art bars, Medals and such can all be numismatic, novelty and perhaps a physical bullion investment all rolled into one.

The 'need to buy' is what they have captured from you along with your dollars. They know ASE and Mapleleafs are boring to people, they know buyers of physical metals want gender and age related fantasy designs, not natural parks and landscapes. My message is to be wary of marketing and the cost to you based on emotional response to imagery when buying something of an investment related nature.

 

Good point. If you like the design, by all means collect one. For speculation, I simply feel not being a coin will always hinder the market value of these things. I have seen tons of similar "hot" silver rounds over the years, and in the end they sell at a discount to junk US coins. It would not be a speculative play for me unless for immediate flipping.

But, for collecting? I am never one to say what someone should or shouldn't collect. To 99% of the US population, us collecting US coins, world coins, ancient coins, silver rounds, etc is about as stupid as collecting matchbooks or Wheaties cereal boxes. Any coin collector trying to tell another collector what to collect is about as silly as a bunch of Star Wars nerds arguing over theoretical plot lines and character lineage. Just kinda pointless and overly nerdy.

 

I think anyone buying these for long term profits could spend their money on better options. I don't think that's the point though.