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 Replies: 28 / Views: 5,481 |
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Pillar of the Community
United States
5862 Posts |
Monsters boxes are a great way to invest in silver bullion that is recognizable, trusted and easy to resell down the road. I have a couple (which I have opened for inspection). As a means to obtain graded "first strike" collectible coins, however, I can't imagine they would be very practical to anybody other than somebody who deals in large quantities on a regular basis.
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Valued Member
 United States
96 Posts |
Thanks for all the responses. It will definitely be a long term play (10-15 years), basically put it away and forget about it. The ideal of opening the monster box will be only for long term storage concerns. I want to ensure the silver is as shiny as the day they left the mint. Would the monster box be sufficient to store the silver eagles from oxidizing? I don't forsee cashing in for quite sometime.
Mack
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Bedrock of the Community
13014 Posts |
I guess thinking about it for that purpose leaving it sealed would probably work. You wont be concerned with anything but the silver content for a monster box and if its sealed anything wrong with it wasnt done by you.
Of course if you want to look at it and play with it theres only one way you can do that
Edited by basebal21
10/31/2012 11:44 pm
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Pillar of the Community
1283 Posts |
That would be a huge waste of money at $5.50 over per.
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Valued Member
United States
96 Posts |
I found a box that would be $2.59 per. Not bad. Now I need to time the market correctly!
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Bedrock of the Community
United States
14454 Posts |
I didn't see this mentioned when I was scanning through but if it has already been said I apologize, I just scanned over this thread while waiting for my daughter to get her shoes on for School. You would have to send the whole Monster box into a TPG sealed (which if you could get graded for $10.00 a piece (which I doubt) would cost you $5,000.00) in order for ANY of the coins in the box to be eligible for the "First Strike" designation on the label from any TPG. If you aren't going to do this there is no reason to pay the extra cost to have a date on the box that would qualify for the FS label. In my opinion unless you were going to start a cable show to sell them or have a business that moves allot of bullion coins like these where you could sell the 70's for a large premium and the 69's pretty much at cost before being graded, it wouldn't be worth it |
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Pillar of the Community
United States
5862 Posts |
Quote:
Would the monster box be sufficient to store the silver eagles from oxidizing? I don't think anybody has answered this question yet. I can't say for sure, but the monster box contains 25 individually sealed tubes of 20 coins each and I would think the tubes are air tight enough to avoid any sort of oxidation. Quote:
I want to ensure the silver is as shiny as the day they left the mint. Well, if you are hoping to resell someday as silver bullion, it won't really matter if they are shiny or not. Silver is silver. And unless you really do want to spend the money to get them individually graded and slabbed, you really won't be able to sell them as collectibles anyway. You are right, though -- they sure do look better when they are all shiny and new! Edited by barryg
11/01/2012 08:30 am
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Valued Member
United States
96 Posts |
Yes I know that silver is silver. But you can't beat opening a monster box 15 years from now to see gleaming silver eagles worth $200/coin!!
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Pillar of the Community
United States
4008 Posts |
Quote:
Now I need to time the market correctly! Well, good luck with that. Market timing is about 2% smart and 98% blind luck. I watched a financial show on TV once where they had Peter Lynch and Warren Buffet on as guests. Both of them claimed that they were "not smart enough to time the market". They are, arguably, two of the most successful investors ever, so if they can't do it, how can any of us? About all we can do is look at the information available and make our best guess as to what the market will do in the future. We will even be right now and then... but mostly not. Don't let this thought prevent you from giving it your best shot, however. Who knows? You just might get lucky.  |
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Valued Member
United States
96 Posts |
Thanks for the response. My silver purchase is just a way to diversify my profolio. I plan to invest in platinum too. I will collect older coins as hobby and use silver and platinum as an invest.
Mack
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Valued Member
107 Posts |
I wouldnt buy a monster box from APMEX, too expensive, *** Edited by Staff - Please Review the rules that you agreed to when you registered. *** |
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Pillar of the Community
United States
919 Posts |
If I bought a sealed box I would open it to inspect. I have heard of monster boxes where the contents were removed and replaced with fake material of the exact weight. They then found a way to seal it back up. I have also seen this with sealed mint sets on ebay. When the buyer opens it down the road they are surprised to see a 1970's set instead of a silver set. Just something to consider from a new person to the Forum. |
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Bedrock of the Community
United States
14454 Posts |
Quote:
If I bought a sealed box I would open it to inspect. I have heard of monster boxes where the contents were removed and replaced with fake material of the exact weight. They then found a way to seal it back up. I doubt you would have to worry about this situation if you purchased from a reputable place like APMEX |
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Replies: 28 / Views: 5,481 |
First Page
Posted 10/31/2012 10:42 pm
