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Why do some collectors turn there nose up at bullion coins such as ASEs & Gold Eagles
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<p>[QUOTE="krispy, post: 995413, member: 19065"]What is not popular now often tends to be worth looking into for a time later when it becomes popular. Bullion coins also have notable low mintages that may work in their favor. Just because the Eagle program has been around for 23 or so years and there are scads of bullion versions of these coins minted there may (will.) come a day when the design is changed or the program ceases to exist as it has been known, from that point on some sort of collector base and values will arise since the supply is fixed. It's a minority view amongst collectors who point to the bags of Morgans that laid around for decades... But it shouldn't be entirely overlooked. </p><p><br /></p><p>Now on the idea that bullion coins don't circulate, this is not entirely so. They do change hands and go in and out of ownership from one investor to another. Many of those holders of these coins may not care for these bullion coins in the way a collector would, this narrows the supply of (applying numismatics) <i>high grade</i> bullion coins which may one day, in the future, appeal to collectors. So there are things to consider about bullion. </p><p><br /></p><p>Someone recently suggested ordering a custom Dansco album to collect bullion 1/10th oz. AGEs and noted the amount of money wasn't too obscene to put together a whole set of these coins. I think it will look great when that collector finishes his set. Collect what you like not what the market tells you is collectible, valuable or otherwise. It takes innovators to drive the popularity of things. Look at toned coins. In the past it was pretty clean(ed) white coins that were more popular and many toners were dipped or worse. Now toned coin collectors abound and a whole niche category within coin collecting has developed. At the very least, you are wrong and no bullion coin collectors ever emerge for the Eagles and Buffaloes and you are left with the invested intrinsic value of the metals. </p><p><br /></p><p>I also caution you against paying high prices for slabbed bullion unless you are certain of the deal you are getting. There are a lot of dealers that hype high MS graded coins with prices that are astronomical. You should do better applying those funds to entire untouched tubes of Eagles to judge and submit for grading on your own such coins if you require that, plus you will end up with more bullion holdings otherwise lost to profits made by the dealers. I buy bullion as an investment with the above in mind. I appreciate the designs of the ASE and AGEs, AGBs and in my care, they are looked after as one of my numismatic coins are. Just some thoughts...[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 995413, member: 19065"]What is not popular now often tends to be worth looking into for a time later when it becomes popular. Bullion coins also have notable low mintages that may work in their favor. Just because the Eagle program has been around for 23 or so years and there are scads of bullion versions of these coins minted there may (will.) come a day when the design is changed or the program ceases to exist as it has been known, from that point on some sort of collector base and values will arise since the supply is fixed. It's a minority view amongst collectors who point to the bags of Morgans that laid around for decades... But it shouldn't be entirely overlooked. Now on the idea that bullion coins don't circulate, this is not entirely so. They do change hands and go in and out of ownership from one investor to another. Many of those holders of these coins may not care for these bullion coins in the way a collector would, this narrows the supply of (applying numismatics) [I]high grade[/I] bullion coins which may one day, in the future, appeal to collectors. So there are things to consider about bullion. Someone recently suggested ordering a custom Dansco album to collect bullion 1/10th oz. AGEs and noted the amount of money wasn't too obscene to put together a whole set of these coins. I think it will look great when that collector finishes his set. Collect what you like not what the market tells you is collectible, valuable or otherwise. It takes innovators to drive the popularity of things. Look at toned coins. In the past it was pretty clean(ed) white coins that were more popular and many toners were dipped or worse. Now toned coin collectors abound and a whole niche category within coin collecting has developed. At the very least, you are wrong and no bullion coin collectors ever emerge for the Eagles and Buffaloes and you are left with the invested intrinsic value of the metals. I also caution you against paying high prices for slabbed bullion unless you are certain of the deal you are getting. There are a lot of dealers that hype high MS graded coins with prices that are astronomical. You should do better applying those funds to entire untouched tubes of Eagles to judge and submit for grading on your own such coins if you require that, plus you will end up with more bullion holdings otherwise lost to profits made by the dealers. I buy bullion as an investment with the above in mind. I appreciate the designs of the ASE and AGEs, AGBs and in my care, they are looked after as one of my numismatic coins are. Just some thoughts...[/QUOTE]
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Why do some collectors turn there nose up at bullion coins such as ASEs & Gold Eagles
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