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Can You Spare An Opinion On These 2 New Sets Of Coins Please

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Valued Member
mmissinglink's Avatar
85 Posts
 Posted 04/12/2013  11:41 pm Show Profile   Bookmark this topic Add mmissinglink to your friends list Get a Link to this Message Number of Subscribers
I am new to coin collecting (I bought my first numismatic coin (a Walking Liberty) in the Autumn of 2012 on ebay) and so I wanted your opinion on 2 new sets of coins that I just learned about:
http://firstcoincompany.com/S/silve...medium=email

and

http://firstcoincompany.com/S/snake...medium=email

I am more a coin collector than a bullion stacker. I am looking to buy coins that will almost certainly appreciate in value without having to sit on them for a long time.

My question here is an investment question, these amazing 3D snake coins are stunning and since they are pure silver and struck in very low mintage, how fast do you think their value will increase? I don't want to miss the boat on these, so I'd appreciate your feedback as soon as you get a chance.

Thanks.
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Bacchus2's Avatar
United Kingdom
2899 Posts
 Posted 04/13/2013  03:19 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
"I am looking to buy coins that will almost certainly appreciate in value without having to sit on them for a long time.
"

I think everyone would like to do that.

IF you are looking to make money, coin collecting is not the way to do it. Like all hobbies it generaly costs money to persue it. Some of these collectible bullion rounds(I'm loath to call them coins) do appreciate in value very quickly - I'm thinking of the Mongolian animal series, but mostly they seem to stay the same or depreciate. Investing for a quick profit would be a gamble and a poor one at that.
Valued Member
mmissinglink's Avatar
85 Posts
 Posted 04/13/2013  08:24 am  Show Profile   Bookmark this reply Add mmissinglink to your friends list Get a Link to this Reply
Thanks for the feedback Bacchus. But there are certainly coins that appreciate in value quickly and many people have made money with buting and selling newly minted coins. You mentioned just one series that did very well and I have seen it with a variety of others.

So the question boils down to what attributes make a newly minted coin or set of coins popular. Because popular coins spur the demand which drives the appreciation.

Can you add to this list of attributes which would likely spur demand?

1) Aesthetic appeal of coin and accompanying presentation (box, COA, etc)
2) Quality of minting
3) Mintage number


Thanks for any additions to the expandable list or insights.
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Bacchus2's Avatar
United Kingdom
2899 Posts
 Posted 04/13/2013  08:39 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
I'm not really the one to respond to that as I don't collect or deal in bullion rounds at all - I dont like them - but I know some people do so hopefully someone will respond with insights.
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snowman's Avatar
United States
1840 Posts
 Posted 04/13/2013  5:24 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
$250 an ounce for silver seems a bit excessive. I think the world coin market is flooded with commems put out by third party mints in the name of whatever country is the flavor of the month. I think that it has caused a lot of fatigue in the market. Some of these coins do see a price increase, but the vast majority probably won't show a return in investment any time soon. If you do want to gamble like this, I would only purchase coins from recognized mints. I would also look for something that is part of an established series. Finally I would look for pricing that is as close to melt value as possible.

If I had money that I wanted to invest in coins right now, I would probably put that money toward older, precious metal coins from nations with an emerging consumer base. For instance Russian coins have been hot for the last few years.
Valued Member
mmissinglink's Avatar
85 Posts
 Posted 04/14/2013  4:31 pm  Show Profile   Bookmark this reply Add mmissinglink to your friends list Get a Link to this Reply
Thanks for your response Snowman.

I have looked at some Russian coins on ebay and some large coin dealer sites in the 4th quarter of last year and there was no real movement on the Russians I was looking upon. At the same time, there was significant movement on certain cojns from mints that you seem to be down on. Just a few examples that I can think of off the top of my head to illustrate this are coins from the Amber Chamber, Sacred Art Holy Windows, and Masterpieces of Art series....some fetching, if I remember right, as much as $500/oz for coins that were not more than a couple or so years old.

What do you make of this phenomenon?
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