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 Replies: 37 / Views: 6,530 |
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Pillar of the Community
 United States
2543 Posts |
Gainsville coins is just being honest about the shipping time. SilverGoldBull will just take your money and then deliver your coin when it comes in. Or tell you delivery is in three weeks, at check out. They most certainly do not have them in stock.
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Pillar of the Community
Canada
814 Posts |
^^^^ yup if you try and buy it, you have to click a box saying your order wont ship until up to 5 days after the 27th.....I would still rather order from SGB then gainsville tho
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Pillar of the Community
Canada
815 Posts |
Remember, these are going to milk spot too, every one of them. Buy to flip, you can get better bullion that will hold its resale value.
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Pillar of the Community
United States
3789 Posts |
very nice thread here! I been meaning to write a thread about this with my thoughts but this is a good place to do it, as I wanted to up my Somalian elephant thread. I am NOT a big time slab guy. I did however buy three slabbed bullion coins. A MS 70 2014 Somalia elephant, Gem Brilliant Uncirculated F15 Rwanda Zebra (forgot the year now) and a 2013 25 anniversary MS-69 silver maple. Why did I order these? For starters I wanted to know what the big fuss was over graded bullion coins. You now what, I don't understand what the big deal is. I could have gotten the exact same coins with no grading. Furthermore, all these coins, came with this milk spot effect and its gotten worse since I have had the coins. On several it was ever so so so slight. As one fellow collector noted in my Somalia elephant coin thread, this will happen to them no matter what. The Rwanda Zebra also has it. ITs sooooo slight but its there. So what is the take away? Bullion coins are just that... bullion by nature of how they are made. Mind you, they are still beautiful. Because of that, they still and will carry some sort of premium in the market, even with the blemishes. Furthermore, the grading of bullion coins just seems to be an end game for dealers to increase profits. The ONLY advantage I see to graded bullion coins is that they offer absolute proof that they are real and not fakes. For that, the grading agencies should offer some sort of different tier and just drop the grading of the bullion coins. I feel grading is great however for say certain proof coins. It does have its place. But buying bullion graded coins and hoping that things will turn out well just is never going to happen because its a production issue that is commonly accepted and standard for bullion coins, hence the stance of RCM. |
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Pillar of the Community
Canada
3692 Posts |
About the only bullion coin I would want to have graded is the 1996 ASE. What other reason is there to slab your bullion, gimme a break.. As to painting coins: way to destroy their value! Not mint state, not even mint-close! It's a nice novelty...if you're seven! I could very well just cast some lead, plate it with silver, and then paint over it so that nobody would ever know it's a lead dud. Put it in a capsule and voila. |
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Pillar of the Community
United States
2543 Posts |
Quote:
I could very well just cast some lead, plate it with silver, and then paint over it so that nobody would ever know it's a lead dud. Put it in a capsule and voila. Oh........I think someone would know  |
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Pillar of the Community
Canada
814 Posts |
what's with all the talk about milk spots....every single pure silver coin will and can produce milk spots period. If you keep a coin in a nice air-tite away from the elements ....don't touch it....don't breath on it....the chances of it forming milk spots are slim......even RCM coins will produce milk spots, they rarely do because hey are never touched or breathed on and put strait into an air-tite....im sure some will form milk spots in the future......for me milk spots is the way of life with bullion......there is so much counterfeiting going on out there that I weigh and measure each bullion coin I get to make sure its legit and if it has a couple milk spots on it then its a good indication its legit. I bet in almost everyone's collection of bullion if its big enough and from lots of different places like ebay or random stores there is probably a fake coin in it. I have gotten fakes before and I'm sure I will still get them. So you should welcome the milk spots, they are your friends of legitimacy. end rant |
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Pillar of the Community
United States
3789 Posts |
@Solidifier
I like your rant and I agree with your points. I dont mind them, I still like my Somalia elephants, especially, even with them.
no problem at all with milk spots, and has been said, at least you know they are the REAL McCoy!
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Valued Member
Canada
300 Posts |
Is the price for the falcon correct on Gainesville coins? It says ~25 bucks. I realize it's US funds, but how can it possibly be so cheap? Has anyone here ever bought from them? Seems too good to be true.
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Pillar of the Community
Canada
867 Posts |
Alas! There's no free lunch, Ravenzcoin. The coin you saw is a bullion Falcon. The mint released the proof NCLT Falcon first and if one didn't carefully read the description "...Your 99.99% pure silver coin is a premium version of the silver bullion coin, struck in proof finish and rendered in exquisite detail...", well I'm sure you get the picture.  |
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Valued Member
Canada
300 Posts |
Thanks so much, NuMoosematist. Your posts are always helpful.  And humorous! |
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Pillar of the Community
Canada
663 Posts |
I'm a bit lazy tonight, but what is the mintage for the bullion version of the falcon? Is it one million?
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Pillar of the Community
Canada
815 Posts |
More importantly, what is the non-milk spotting mintage? Likely 0.
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Pillar of the Community
Canada
814 Posts |
yup one million mintage.
If you were to collect only coins that did not develop milk spots, then you would be only collecting steel and copper and nickel. Those are not going to be worth much haha
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Pillar of the Community
United States
2543 Posts |
The first go round , people bought/collected these with the anticipation of getting these (bullion) graded and gathering a collection (rightly or wrongly) that was going to show well and appreciate in long term value. Since these will most definitely develop milk spots, and at the admission of the RCM, will never be anything more than bullion, It is going to be extremely interesting to see how these sell as compared to the first series. |
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Replies: 37 / Views: 6,530 |
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Posted 02/06/2014 6:25 pm
