Message:

<p>[QUOTE=&quot;bkm, post: 447188, member: 16045&quot;]I want to invest in and collect assets the value of which will persist for generations.&nbsp; One asset I&#039;m interested in is precious metals bullion.&nbsp; I favor coins to bars because I believe their currency and recognition make their liquidity more likely to persist in the long run, whereas some bars are more likely to be subject to assay costs and other scrutiny.&nbsp; I would consider numismatic value if I think it is likely to persist in a possibly vastly different geopolitical landscape.&nbsp; I hope that gives some idea of my objectives.</p><p>&nbsp;</p><p>I have been considering the bullion coins from the more popular mints: the eagle, buffalo, maple leaf, krugerrand, philharmoniker, sovereign and so forth.&nbsp; Because I expect to hold the coins for a long, long time, I don&#039;t value dealer&#039;s buy discounts (my selling premiums), except where they charge buy premiums or buy them back of spot because of problems with the coins.&nbsp; I am even more concerned about dealer&#039;s sell premiums, some of which seem extraordinarly high right now.</p><p>&nbsp;</p><p>Assuming we don&#039;t have a collapse of the monetary system in the next few months, metal prices themselves won&#039;t go astronomical and I expect dealer&#039;s sell premiums to come back to some kind of normal.&nbsp; So my question is, what is normal? or what is fair?</p><p>&nbsp;</p><p>From my research, it seems that a fair premium for one ounce gold coins is around 4.5-5%, but premiums now are often higher than 8%.&nbsp; Quarter-ounce gold coins have much higher premiums, but the Sovereign seems to have by far one of the lowest premiums for small gold coins.</p><p>&nbsp;</p><p>Silver coins from the big mints seem to have exhorbitant premiums even in times when demand is more normal, and today they&#039;re carrying premiums well over 50%.&nbsp; How that is tenable I have no idea, especially considering that dealer&#039;s buy discounts are nothing -- apparently only the mints or dealers can make any money from the non-metal based value of these coins, or those who can find a sucker.</p><p>&nbsp;</p><p>So my question is what are fair bullion coin premiums in a &quot;normal&quot; market?&nbsp; I&#039;m especially interested in silver coin premiums because gold isn&#039;t half as ludicrous right now.&nbsp; I want to buy good silver coins without wasting money on hype.&nbsp; What should their premiums be when the dust settles?[/QUOTE]</p><p><br /></p>

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