1998 10 Oz Silver Maple Leaf

"yes, the amount to put on single coin is very significant.
I would sell / trade 6-7 1oz's coins to get it."

That's what I was thinking, The one local is a reseller, good guy but at times expensive at times when he knows he has something cool.
Limited market on a large coin such as this so I'm hoping to offer several attractive proofs and collectables in trade. Group of seven coins, proof libertads, lunar new year, F15 rhino. Items from my broken sets that he may find of value. Odds are I may take a bath on them but in the end if I get any where close to value for value ......cool

Silveroid, I am always grateful for your insights. The seller here is also smart enough that if he wants to sell it, it is on the decline. I have hopes that this will keep me from too much of a loose.
regards,
Liverpool

Don't forget spot price was 20$ more than it is today at this time. So the "lost value" is only the intrinsic value of the silver. At near 11oz of silver (the COA is sterling), the drop in spot price is significant!
This one is already 15 years old... it proved that it maintains it's value over time.
I'm following the 1998 10oz SML for many years now, as it is one of my favorite and I'm confident it won't lose value over time.

I got my first one with COA #33 and sold it for 750$ not that long ago. I traded over five of these in the last 12 months and I could say that 550$ is a sweet deal! Still have one in stock now and trying to lower my general inventory (big personal purchase coming) but if not I would jump on it at this price.

Don't get me wrong, I'm usually the first to disregard a comment when people mix spot price and numismatic coins.
But this is when the metal content of the silver is small or negligible... like the 1oz silver glass ladybug by example. "Intrinsic value" (metal) is worth 20$ and "numismatic value" or premium, is 700$.

In this 10-11oz case, the intrinsic value is higher or about the same as the numismatic value (I assume 10.5oz).
When spot was 40$, it was selling at around 750$: Metal value of 420$ and numismatic value of 330$.
Now today's spot is at 20$ and assume a selling price of 600$, we have a metal value of 210$ and numismatic value of 390$.

So looking only at numismatic value, people are willing to pay a higher premium to get this coin now than they were two years ago... but it's not that simple. Some have a "buying price" of xx$ as a collectible, others will input the metal value in the equation. In this case, 600$ is maybe too much for a collector today. But would it still be too much if silver get back to 40$ tomorrow, knowing that the coin is now "worth" 210$ more in silver content only?


But like any other numismatic or collectible, the coin is only worth the price you're willing to pay for it. As soon as it's over the melt value, it's a value you can loose at any time.

Currently $680 at J&M in Vancouver and $615 at Colonial Acres in Kitchener Ontario.

Here one on ebay coin only $409.70 (full of finger prints)
221696991299


Another one $495 coin and case no other box.
381196089408

You see a lot of these "opened" "handled" coins. I can't help but wonder what the story would be. This 1998 Maple was expensive at the time it was 1st issued. What brought it from mint state with all of it's packaging and documents to being a pretty coaster/ paper weight full of fingerprints and scratches.
Kids?, Too much to drink?, Indifference?

Kinda sad.
Liverpool