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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="GDJMSP, post: 997056, member: 112"]Correct, and classic commems have been one of the markets dead spots ever since they were minted.</p><p> </p><p><br /></p><p> </p><p>Back in the '90s and early '00s silver was $4 an ounce - and people were collecting these bullion coins. I was one of them. So the price of silver isn't it. But today, there are even more people buying these bullion coins - but there are also fewer people collecting them.</p><p><br /></p><p>Now you might say that doesn't make sense but it does. That's because 90% of the buyers of the bullion coins buy them as bullion and nothing more. They could care less what grade the coin is, to them it's a chunck of bullion - period.</p><p><br /></p><p>But the group collecting these coins is for the most part an entirely different group than what collected them 8 to 10 years ago. The folks like me that used to collect them saw what was happening back then and dumped the things. And today they are worth less than half of what we all sold them for back then. But the folks collecting them today did not collect them back then for the most part and have no idea what the price history is on these. They just can't see that prices are still falling because they don't have 10-20 years of history with them to recall.</p><p><br /></p><p>Yeah, these bullion coins might have some numismatic value 100 years from now - and they might not. But anybody who buys these things with profit in mind would be wise to do so as a strict bullion play for I seriously doubt they will ever see any numismatic value in their lifetimes.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 997056, member: 112"]Correct, and classic commems have been one of the markets dead spots ever since they were minted. Back in the '90s and early '00s silver was $4 an ounce - and people were collecting these bullion coins. I was one of them. So the price of silver isn't it. But today, there are even more people buying these bullion coins - but there are also fewer people collecting them. Now you might say that doesn't make sense but it does. That's because 90% of the buyers of the bullion coins buy them as bullion and nothing more. They could care less what grade the coin is, to them it's a chunck of bullion - period. But the group collecting these coins is for the most part an entirely different group than what collected them 8 to 10 years ago. The folks like me that used to collect them saw what was happening back then and dumped the things. And today they are worth less than half of what we all sold them for back then. But the folks collecting them today did not collect them back then for the most part and have no idea what the price history is on these. They just can't see that prices are still falling because they don't have 10-20 years of history with them to recall. Yeah, these bullion coins might have some numismatic value 100 years from now - and they might not. But anybody who buys these things with profit in mind would be wise to do so as a strict bullion play for I seriously doubt they will ever see any numismatic value in their lifetimes.[/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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