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At What Point Does Your Collection Become "Bullion"

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PlumCrazy814's Avatar
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 Posted 01/27/2026  11:18 am  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list Get a Link to this Reply

Quote:
When you no longer enjoy collecting them as coins - until then, their intrinsic bullion value is meaningless (IMO).


I agree. I have mixed feelings about the spike in precious metals. Glad I have some bought relatively low price, not glad I can't justify buying anything with those metals in them due to price.
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 Posted 01/27/2026  11:41 am  Show Profile   Bookmark this reply Add Boba Debt to your friends list Get a Link to this Reply

Quote:
If silver gets any where near 5000 anytime in the near future we will have bigger problems



Quote:
If we have $5000/oz silver that's almost certainly the dollar being crazy low and not the inverse, in which case, yeah, we probably have other bigger problems


I don't know what you say, I hope the two of you didn't seriously misunderstand the point I was making with the $5000 an ounce comment




Quote:
sel_69I wrote

Now.All silver and gold coins with significant numismatic value now have significant bullion value, and both must be considered to decide on current pricing.


My point exactly. I tend to look for good deals on coins and for a generic example - If I can snipe an auction for a coin that has an average sale price of $60 coin, and win if for $55 I get "excited"

There were a couple $1 commemorative coins that I wouldn't even consider paying 90+ dollars for but now paying that for them doesn't seem like a loss




Quote:
Raise on Rock wrote

At the silver price today, it is already hard to find a buyer who will pay even close to the market.


I didn't have any problem selling 45 ounces of bullion the other day, and just last Saturday I was in a shop to buy some EZest and watched an elderly couple sell $20K in gold and silver




Quote:
Sap wrote

Logically, a collection of silver coins "becomes bullion" when nobody is buying them for above bullion value


I wasn't asking when they "actually" become bullion.

I was asking when they become bullion for "you".

As I stated in the OP if silver hits $200, I wouldn't even bother with trying to sell my $1 Comms collection on ebay, it will just go to the local guy at bullion prices





Quote:
GLB-49 wrote

My intent from the beginning was to leave my coins to my three children and that has not changed.


Now I understand why you buy 3 of each ASE and why you upset that the mint has raised prices so much






Quote:
Jbuck wrote

This is really a question for our heirs.


I have unfortunately realized that when it comes to guns, coins and Star Wars, the market loves to take advantage of the ignorance of heirs

It's probably that way for every collectable, so my plan to pick a age to sell and then give the proceeds to our grandchildren.

I just hope I make it




Edited by Boba Debt
01/27/2026 11:50 am
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jbuck's Avatar
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 Posted 01/27/2026  12:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I have unfortunately realized ... the market loves to take advantage of the ignorance of heirs
That is their problem. I am dust.

Snark aside, I have educated them the best I can, first and foremost the sentimental value, second is warning about the predators.

They will get way more money from the inherited IRAs, investment accounts, a house with no liens, etc., so I hope they will not be in a rush to sell any coins.

Quote:
I just hope I make it
I hope you do, too!
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GLB49's Avatar
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 Posted 01/27/2026  1:41 pm  Show Profile   Bookmark this reply Add GLB49 to your friends list Get a Link to this Reply

Quote:
Now I understand why you buy 3 of each ASE

Yes, I have always bought three of every coin so each of my three children will inherit their own collection.
My daughter plans on keeping hers and some day leaving them to her three children. One son will probably keep some for his son and sell the rest. The other son has no children and no interest in the hobby. He will probably sell his gradually.
My American Silver Eagle collection http://goccf.com/t/448125
My random silver coin collection http://goccf.com/t/449270
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GLB49's Avatar
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 Posted 01/27/2026  1:45 pm  Show Profile   Bookmark this reply Add GLB49 to your friends list Get a Link to this Reply
It is true that dealers who buy and sell any collectables are always on the lookout for uneducated heirs. They dream of that day when something worth thousands of dollars falls into their lap.
My American Silver Eagle collection http://goccf.com/t/448125
My random silver coin collection http://goccf.com/t/449270
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jbuck's Avatar
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 Posted 01/27/2026  2:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
They have to make a profit and how much is too much is always going to be subjective.
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BadDog's Avatar
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 Posted 01/27/2026  7:22 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
I'm not there yet, but it is something that I've been thinking about when a few days ago I realized I could sell my modern Ag and Au commemorative coins and recover every $ I've spent on my entire collection and more. Having your remaining collection for "free" plus $ in your pocket is something to consider.
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Dearborn's Avatar
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 Posted 01/28/2026  08:52 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
I have no heirs to give my collection to, so when the time come, I may sell it all off - Hopefully it (the collection) will be remembered - maybe called the Holly Hoard or the Holly Collection in order to maintain provenance of my coins.
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 Posted 01/28/2026  12:26 pm  Show Profile   Bookmark this reply Add Boba Debt to your friends list Get a Link to this Reply
I have 4 foreign bullion coins with Queen Elizibeth on the obverse that became a thing when I bought the Pride of 2 Nations Set for the ASE

Those will get transfered to the Bullion Binder if silver hits $150


I also have the 2022 Fiji Reverse Proof Morgan and Peace Set that will go to the BB once I get the 2026 Reverse Proofs from the mint


The Bullion Binder might get sold once if it hits north of $200
Edited by Boba Debt
01/28/2026 12:28 pm
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jbuck's Avatar
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 Posted 01/28/2026  2:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The Bullion Binder might get sold once if it hits north of $200
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CelticKnot's Avatar
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 Posted 01/28/2026  9:01 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
My ATB P-pucks may get sold if it hits north of $200. That's only about $80 away at this point and at the clip it's going at, may not take too long.
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JohnQPublic's Avatar
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 Posted 01/28/2026  11:50 pm  Show Profile   Bookmark this reply Add JohnQPublic to your friends list Get a Link to this Reply
A way to think about it: If people start melting their collections, the collectable coins that are left become a lot rarer. Hold. Don't melt, and they could be both valuable and collectable some day (like a lot of gold coins). Especially medium to lower grade coins could start being sought after to fill books some day, and come with a nice metals value baseline cost.
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jbuck's Avatar
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 Posted 01/29/2026  10:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
My ATB P-pucks may get sold if it hits north of $200. That's only about $80 away at this point and at the clip it's going at, may not take too long.


That would be a tidy profit. Could probably help fund the way too expensive 2026 Mint purchases.
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jbuck's Avatar
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 Posted 01/29/2026  10:40 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
A way to think about it: If people start melting their collections, the collectable coins that are left become a lot rarer. Hold. Don't melt, and they could be both valuable and collectable some day
This is why I am holding and why I am long term optimistic for numismatic values going up.
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Bump111's Avatar
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 Posted 01/29/2026  4:38 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
As part of my "meticulous" recordkeeping, I track numismatic and PM values of all my coins. At this point, the two series in my collection that have tipped in value are half dollars and quarters. The dimes and dollars are still valued higher numismatically than their silver value. My quarters are worth much more as bullion than as collectables and the half dollars are only slightly more valuable as bullion. This may indicate that I've never seriously collected quarters or half dollars and that is, in fact, the case. I have a decent set of Mercury dimes and a set of UNC Roosevelts. I also have a handful of Barber, Seated and Bust dimes. The Morgan dollars are worth a premium in UNC grades.

I've found it interesting to see how the collection value has teetered in recent days. A year ago, they all would have been more valuable as numismatic items. This doesn't mean that's how I view them since they hold sentimental value to me, but it's how a stranger would see them in a negotiation.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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