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 Replies: 22 / Views: 3,643 |
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Pillar of the Community
Canada
5253 Posts |
While modern commemoratives and other silver coins can sometimes be bought for spot, dealers will of course buy them back at a greater discount from spot as compared to modern bullion coins. The demand is simply not as great and they often end up being melted. So if you are planning to keep them for a long time, you end up with more silver or a greater variety of interesting silver coins, but if not, you may be a little worse off.
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Pillar of the Community
United States
1778 Posts |
I have purchased several modern commemoratives recently because they have been below spot in OGP. Tremendous buys when compared to ASEs. Others seem to be catching on though as it is not as easy as it was 6 months ago.
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Pillar of the Community
United States
2365 Posts |
Here we go again with "stacking" vs "collecting". I collect various NCLT's from ASE's, Maple Leaves to Australian bullion, Chinese, UK and so forth. They are all BU and in rounds and albums. Now, if I put them all into tubes that would be stacking but, as is I collect the series' by date. Does that make sense? That said, I don't pay much attention to the price or premiums if I need certain dates or current ones. I prefer series' and not just misc. dates. I see more value in completed date sets than just buying a coin to stack. Edited by dsking
04/12/2023 11:49 am
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Valued Member
United States
231 Posts |
Yes. I collect the ones I am most interested in, but I will also pick up ones I am less interested in if the price is right. They are a good option for stacking in my opinion.
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Pillar of the Community
 United States
676 Posts |
Thanks everyone!  |
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Pillar of the Community
United States
3343 Posts |
Right now Canada 1/2 oz gold $200 commemorative proofs from 1990-2012 are selling for 3% over spot. 1/2 oz Maple Leafs are selling for 20-25% over spot.
Those sovereign issue commem's are as good a bullion price as private bars right now.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/27/2023 12:00 pm
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Pillar of the Community
United States
533 Posts |
So I have resolved the collect versus stack issue, at least for me. I collect stacks of silver coins.
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Pillar of the Community
United States
676 Posts |
I have come to the conclusion that if it is in complete OGP, it is a collection, but if it is loose in capsules or 2x2's it is a stack. But even for that, it is still sometimes blurred for me. I haven't actually bought any for stacking yet.
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Bedrock of the Community
Australia
21788 Posts |
What is the value of fancy packaging?
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Pillar of the Community
United States
3343 Posts |
I received the fancy Canadian packaging once. I threw it away. So much clutter.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
676 Posts |
That is me, I am going off of the RedBook, which says that you need OGP to get the complete price for the coin. |
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Pillar of the Community
United States
1778 Posts |
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Pillar of the Community
United States
3343 Posts |
APMEX sells the Canadian gold packaging for $9.95 each, complete with the certificate of authenticity. They strip the bullion coins out and sell them in their capsules.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
2637 Posts |
For Americans, I understand that 26 states have enacted laws to make gold and silver coins legal tender. I also have read that several states limit the applicability of the statute to precious metals coins minted by US mints. This may expand the interest in and demand for gold and silver commemorative coins.
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Valued Member
United States
345 Posts |
My experience with modern commems, is that they come to me, as a "part of the whole" for collections I'm buying. I generally pay around 75% of the total value for everything ... I do end up with stuff I don't want as well. Commems are cool ... love the history NOT the great value. - Best, Tiny
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Replies: 22 / Views: 3,643 |
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Posted 04/12/2023 04:45 am
