Why Grade Bullion coins & 1st Strike???

With the vast amount of information , one must use logic, and history to see the truth.

Pep

 

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i agree with most of the comments thus far. I tend to buy a bulk of my ASE's in tubes each and crack them open just to make sure they are all there. to supplement that, i buy 5 to 10 PCGS MS69 ASE each...why? just because I guess.

 

First strike: Scam

Silver: Probable gimmick. Don't know. Don't care.

Modern GOLD bullion: When gold was $250 an ounce, probably not worth it. With gold over $1300, it is more interesting. Slabbed gold is a lot easier to flip. It is relatively inexpensive to slab modern gold. High graded bullion gets a premium (and not worth the premium, IMHO).

Pre-1933 gold: More interesting. Usually, common bullion-type gold is not worth more than just bullion. High graded bullion pieces, however, get a premium. Some high graded common pre-1933 are quite beautiful and this separates the collector from the bullion investor. Once again, slabbed pre-1933 gold is easier to flip, no matter what the grade. BTW, one can buy rather nice slabbed pre-1933 gold for about bullion, getting the added assurance from a TPGer as well as a nice piece of numismatic art.

Oops. I'm sorry. I actually suggested collecting coins for art and history as opposed to a mere investment. My bad.

guy

 

If you are a bullion buyer slabbed bullion coins represent a buying opportunity that should not be overlooked. I say this not because having a slabbed bullion version of a ASE or AGE will be worth more later because it won't. It's bullion, not a collector's coin.

The advantage to the bullion buyer is that if you look for these coins at dealers that focus on numismatic coin sales, you can often find them at very close to spot prices. People will sell their slabbed bullion coins at these kind of dealers, the dealer won't even pay spot for it, and then will resale it just above spot to get rid of the thing. Numismatic coin collectors are not interested in them and won't pay a premium for them. Many times I have found a slabbed ASE or AGE at a dealer like this for close to spot which is considerably less than I would pay to get it from a place like Ampex. I've seen this on MS69, MS70, NGC, PGCS, first strike, early release, whatever, it makes no difference.

If you are a bullion investor, don't overlook this source. You can cut it out of the slab if need be. It might actually improve what you get for the coin when you sell it as the party might not dismiss you as clueless for having slabbed a bullion ASE or AGE.

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The above only applies to the bullion version of the AGE or ASE. It certainly doesn't apply to the proof and uncirculated versions of these coins. It also doesn't apply to slabbed bullion version Pandas.

 

keep posting gang!!

Wow a lot Good of views :thumb: No fusing