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Modern Commems As An Investment

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Pillar of the Community
Canada
4142 Posts
 Posted 03/23/2021  3:25 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
@commems, sorry if I was not clear.

I meant that modern commemoratives are as good or as bad as the other bullion coins as an investment. Both are solely an investment based on the silver price. Whether buying silver is a good or bad investment is a different question.
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United States
1241 Posts
 Posted 03/23/2021  3:30 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
In this case, Modern Commemoratives basically are silver rounds. When selling, you probably get close to melt at a bullion dealer but much less at a LCS or eBay.
For instance, a local bullion dealer I trust buys 90% silver dollars, halves or similar for spot - $1.
Edited by NumisEd
03/23/2021 3:32 pm
Pillar of the Community
United States
3118 Posts
 Posted 03/23/2021  4:14 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
The premium over spot may reflect the demand for certain types of bullion coins, like ASE's that are highly liquid with a narrow spread. Modern silver commemoratives will track bullion prices, but probably will never have a premium over spot because they just don't have the demand to be able to resell them easily. But there's nothing wrong with buying them at spot if liquidity isn't a concern.
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United States
826 Posts
 Posted 03/23/2021  4:29 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
One other thing to consider is that most dealers will also want the OGP
when buying. This will add a LOT of space to wherever you are holding them.
I stopped collecting proof sets and modern commems for this reason.
I will still buy the ones with designs I like.
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United States
100870 Posts
 Posted 03/23/2021  4:45 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
One other thing to consider is that most dealers will also want the OGP... I stopped collecting proof sets and modern commems for this reason.
I agree on commemoratives, but proof sets maybe not as much. It seems to me that most are split up so the coins can be sold singly at a higher price.
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United States
1124 Posts
 Posted 03/23/2021  9:17 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Thanks for all the replies. Good sound advice. Like I mentioned, my adopted son will be turning 11 next month and with silver currently at $25 spot, the twenty year return is 361 percent had you bought it back then. So that's what I'm seeing, or somewhere in that general range when he turns 30. As to why commemoratives, cost. Generic rounds are running around $30 when there are 1 ounce commems selling for $25-30 on EBAY. A few sold for under $25. Granted the vast majority are 90% versus .999, but it still comes out as a better cost. Yet the collector in me cringes at the thought of remelting them. In which case I'll narrow it to heavily toned or hazy.
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Edited by Ballyhoo
03/23/2021 9:19 pm
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 Posted 03/23/2021  11:21 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
...when there are 1 ounce commems selling for $25-30 on EBAY.

Just remember that US silver dollar commemorative coins are not one-ounce coins.

Those struck between 1983 and 2018 weigh 26.73 grams. At 0.900 fine, they include 24.057 grams of silver; this equates to ~0.77 troy ounces of silver.

As I write this, silver spot is $25.12 per ounce. So, a modern commemorative silver dollar has a silver value of ~$19.34 not $25.12.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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3522 Posts
 Posted 03/24/2021  09:30 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
In February 2020, I picked up comm's for a fellow collector for $14 without packaging. That seems like a world away now.

I got the below for him for under $200 and that included me shipping it to him.


Edited by hfjacinto
03/24/2021 09:41 am
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 Posted 03/24/2021  10:31 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I got the below for him for under $200 and that included me shipping it to him.
Well done!
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6354 Posts
 Posted 03/24/2021  12:58 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
As a young man I would add modern commemoratives to my collection. They were silver dollars of different designs unlike the plain old Morgan's. I had thought at least they would be worth the silver and over the years I have not only the full set of modern dollars but a sizable pile of silver should I need it.
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United States
1241 Posts
 Posted 03/24/2021  1:11 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Does anyone here own the 1915 Panama Pacific Octagonal?
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1843 Posts
 Posted 03/24/2021  3:28 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply

Quote:
Does anyone here own the 1915 Panama Pacific Octagonal?


If so, I'd happily pay melt for that...

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37 Posts
 Posted 04/10/2021  8:09 pm  Show Profile   Bookmark this reply Add BearlyHere to your friends list Get a Link to this Reply
I like my Olympic Tennis, Rowing, High Jump, & Paralympics MS70s.
Bedrock of the Community
United States
11028 Posts
 Posted 04/10/2021  10:19 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I could be mistaken but I don't think the intent of commemoratives is to be investments. It seems folly to me if that is your goal considering the typical huge markup over spot.

THAT SAID, I have made somewhat of an unrealized profit (i.e., I haven't sold anything (nor do I intend to)) from AGEs and other gold commemoratives from the early 2000s, because, well, bullion has just skyrocketed. In fact, all my gold purchases from the U.S. Mint are in the black save for one or two of the more recent purchases.

If you want to play the market, do your research and treat them as bullion -- buy as close to spot as you can.
Edited by CelticKnot
04/10/2021 10:20 pm
Valued Member
United States
415 Posts
 Posted 04/11/2021  9:46 pm  Show Profile   Bookmark this reply Add captaincoffee to your friends list Get a Link to this Reply
I get concerned when I see someone say the 20-year return was 300%+ and expect that to be duplicated in another 20 years. You are picking a starting point when silver was very low, and it is currently quite high. Guess what the 40-year return on silver was? About 0%. I don't try to predict what it will be at tomorrow or the next year, but over the next 20 years, it is much more likely to be at the current price than at a 300% gain. Silver tends to be a good "investment" only if you buy after a big crash and sell when it surges (1980, 2011, now). Like most advisors will tell you, precious metals should be a very small percentage of your portfolio.
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