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Post by shipwreckedandalone on Oct 30, 2021 20:35:19 GMT
Any thoughts on the best place (lowest premium/best customer service) to buy Silver/Gold Eagles?
What is your favorite 1 oz silver coin to buy for price appreciation potential (scarcity)?
I plan to learn now and buy later.
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Post by Capital on Oct 30, 2021 20:48:44 GMT
I don't know of any place that won't scalp you going in and coming out. Coin dealers are just a bad as bullion dealers at that. I wish you luck shipwreckedandalone .
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Post by Chahta on Oct 30, 2021 23:33:57 GMT
I bought 5-1 troy ounce .999 fine silver coins in 1974 for $5 each. Maybe worth $25 (spot price) each now?
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Post by chang on Oct 31, 2021 5:18:06 GMT
I am unclear on your aim - to invest in bullion or in numismatically valuable coins?
If the former, the spreads gobbled up by dealers look very unattractive to me, when there are very low cost ETFs. Check out SGOL and SIVR, I don't think you can beat these.
The main advantage I see to owning physical bullion coins is the ability to evade capital gains tax. (My choice would be krugerrands, for maximum liquidity.) The ethics of that is a personal decision.
As regards numismatic value, I think history as shown that coins are a poor investment. I used to collect coins - and still possess a small collection - out of a love of coins. Collecting (anything) is an affair of the heart, not the head. If you really do want to collect for value, you should probably avoid gold altogether and go for extremely low mintage coins in high demand, and focus on MS67-70 grade coins. At the end of the day, the grade (condition) has more influence on price than anything else.
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Post by richardsok on Oct 31, 2021 10:31:19 GMT
Chang: "As regards numismatic value, I think history as shown that coins are a poor investment."
--- Agree completely.
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Post by shipwreckedandalone on Oct 31, 2021 14:26:33 GMT
I am always amazed at the overconfidence of the average American citizen on the true value of our fiat currency. Even with $230,000 per US taxpayer in national debt the beat goes on and trillions are added in debt every year. The Fed owns more in their share (25%) of US treasuries now than ALL our national debt in early 2009 and no one cares. Most Americans hold all their assets (real estate, equities, pensions, SS etc) denominated in one currency. Please don't give me back testing analysis. Skate to where the pucks going.
Please try to focus on answering the OP, not evaluating my reasoning for asking the question.
Chang, my question is two part. 1. Pure silver/gold and 2. numismatic. I am asking what numismatic is favored among investors? Appreciation potential, rarity, purchase price, etc.
Thanks for your recommendation on ETF's but PSLV is by far my favored ETF because it allows conversion to bullion which keeps the discount narrow and gives the investor an option for paper asset or physical bullion. Also by mandate guarantees the ETF stores actual physical bullion. 50% of my investment at some point will go there.
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Post by chang on Oct 31, 2021 23:18:02 GMT
I am asking what numismatic is favored among investors? Appreciation potential, rarity, purchase price, etc. I think the answer is "none": almost no one invests in numismatically collectible coins as an investment. They buy them because they are collectors. And collectors -- whether they collect coins, stamps, Matchbox cars, troll dolls, or Egyptian scarabs -- will buy things for their collection because they simply have to have them. Price, value, liquidity all go out the window when you talk about collectibles. Having said that, as a coin collector, I believe the most beautiful (non-gold) US coins ever made were the Buffalo [Indian Head] nickel (1913-1938), Standing Liberty quarter (1916-1930), Morgan dollar (1887-1904 & 1921) and Peace dollar (1921-1928, 1934-1935). Some decent collectibles might include - 1916 Standing Liberty quarter (with a bare breast; they covered it up the next year in chain male) - 1937-D three-legged Buffalo nickel - 1893-S Morgan dollar - 1922 High-Relief Peace dollar in Proof condition
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Post by shipwreckedandalone on Oct 31, 2021 23:44:10 GMT
Thank you Chang.
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