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 Replies: 35 / Views: 4,418 |
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Pillar of the Community
United States
3670 Posts |
You can be a true coin collector all you want, but I am willing to bet it does little good paying the bills these days compared to gold or silver bullion, depending on the rarity on metal content and condition. And yeah it will go back down eventually, and start the upswing cycle all over again perhaps, as this life is nothing more then repeating cycles....
I may have a nice collection of polished dino dung that is as rare as they come being fossilized an all. But if no one else sees the value in it and is willing to pay what you are for it, well it only has value to you, which does not mean much in the bigger picture of things.....
Dino dung goes for about 150 to 200 by the way, so 65 million years is a long time to wait to turn that small of a profit....
I am not knocking the numismatic coin game it is a cool hobby IMO. Heck, I believe in anything if there is enough collectors out there to make a market for what ever, and no doubt there is for numismatic coins, and again knowing the game an what to buy I am sure can be just as profitable if not more than gold or silver bullion. Like show me a coin in nice condition that is 2000 years old, at least to the point of still being able to read the markings, as it does not take a rocket scientist to know that is a special thing, esp if it has a tyrant scum bag like Nero or Caligula on it for example, lol.....
Edited by Silverhawk74
12/17/2011 11:22 pm
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Valued Member
United States
321 Posts |
You have polished Dino Dung? Can you post scans? Just kidding. I've never looked at my coin hobby as a way to pay the bills. It's a hobby not a business. At least that's how I feel about my collection. I can see where others will use the bullion boom to make a buck. I have no problem with that. I've cashed in myself because I also believe in buy low and sell high. Not buy high sell high. I was buying silver when it was $6 and oz and gold when it was $270 an oz. Those were the good old days but they too are gone for good. Where I'm different from many here is I made the decision that I wanted to be a coin collector not a bullion hoarder. So, over the last couple of years I have sold off bullion and put that money into coins that will always do well- BU Carson City dollars, ect. I'd rather have real coins.
I respect the opinions of others here and had no intention of making anyone feel otherwise. You may disagree with my views but at least I stick to them. There once was a time in America when that was worth something. Unfortunately today's political climate doesn't allow for it. Stick to your beliefs boys. That's what I always do.
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Pillar of the Community
United States
4008 Posts |
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Yes, and you do know this is COIN Community Forum, right? Really? Amazing the things that one can learn around here!  |
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Valued Member
United States
321 Posts |
Lol. We finally agree on something, Ed. There's a first time for everything. Seriously, I have enjoyed discussing this topic with you guys. I wish you all the very best in the hobby. I'll see you around CCF.
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Pillar of the Community
Canada
1502 Posts |
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Stick to your beliefs boys where's the fun in that :) My old psychology prof used to say that believe and faith is source of all conflict, and would enjoy tearing the belief systems of his students down with cold hard facts. I wouldn't go as far as that, but the academics' view right in that every new piece of information you gather and knowledge you acquire should make you turn around and question and test your point of view. "Learn and relearn until you die" a Chinese saying goes. I just bought my first substantial numismatic item yesterday, a variation of a Canadian silver dollar from the 40s. Anxious to get have it in hand to show a coin buff down at the market, after I visit my local bullion dealer to see if the fractional gold maple leafs and pandas he promised has come in. |
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Pillar of the Community
United States
2168 Posts |
Has anyone purchased the Platinum Eagle since the price dropped to 1692?
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Pillar of the Community
United States
4008 Posts |
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Has anyone purchased the Platinum Eagle since the price dropped to 1692? With the price of Pt hovering around $1425 or so, it is difficult for me to pay that high a premium. I keep thinking that is 8-9 oz. of extra silver.  If I were to buy physical Pt right now, it would definitely be as bars. The PAMP bars are really nice looking.  |
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Pillar of the Community
United States
3670 Posts |
I tell you what, I look for platinum 1 10th oz. proofs every once in a while on ebay, and the cheapest I could find one lately was 222 bucks free shipping. That does not reflect the current market price at all.... If I was gonna invest in something beautiful and new that starts with a P, why not this beauty here below at 699 and free shipping.... http://www.ebay.com/itm/Pamp-Suisse...em20c0815d1fMy point, is it looks like the better deals can be found in Palladium bars right now.... Would not take a massive investment to store away 2 to 5 oz. of this stuff for example, and who knows one day like any metal inf one is in no hurry to cash in on a quick turn..... Edited by Silverhawk74
12/25/2011 12:02 am
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Pillar of the Community
Canada
1502 Posts |
thinking hard about getting a 1oz Pt platipus coin from Perth Mint. ~$100 over spot, which isn't too too bad |
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Pillar of the Community
United States
2168 Posts |
That's better than our own mint!
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Pillar of the Community
United States
4008 Posts |
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My point, is it looks like the better deals can be found in Palladium bars right now.... That's a good point. Pd sells for a little less than 1/2 of what Pt goes for and the premium seems significantly smaller as well. What do you suppose is causing this... a shortage of Pt metal for physical delivery? What we have here seems to be a classic divergence between the paper metal and the physical metal prices. |
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Pillar of the Community
United States
3670 Posts |
I think ED it has everything to do with Platinum being so RARE, more than anything else. And palladium I feel is looked at as a poor man's platinum, which is probably a semi accurate stereotype.... That does not change the fact that even though the palladium market probably does not generate no where the interest and numbers that gold and silver obviously generate, but it does have its limited market and little selling competition, on ebay it appears anyway. And then next on the ol popularity scale I would place platinum, right behind G @ S and right in front of Palladium, for the higher cost metals anyhow. Rhodium next perhaps.... And yes Pobox, that is a highly sought after beautiful 1 oz. platinum round, would be a great addition to anyone's collection. Again, a racquet ball court worth mined, so to own even one oz. of that is a special thing IMO.... Edited by Silverhawk74
12/25/2011 9:38 pm
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Pillar of the Community
Canada
862 Posts |
Quote:thinking hard about getting a 1oz Pt platipus coin from Perth Mint. ~$100 over spot, which isn't too too bad just got one from bordergold, 1565CAD, which is not bad |
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Pillar of the Community
United States
4008 Posts |
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I think ED it has everything to do with Platinum being so RARE, more than anything else. Ah, but here's the rub. Pt has been very rare for a long time. Is it now more rare than it was a year or two ago? Back then, Pt was $150-200 per oz. more than gold, which is pretty typical. Today it is about $150-200 LESS than gold. This is not at all typical and when you shop for Pt coins you soon discover that they are difficult to find at a vendor who can actually deliver them now. A few weeks ago I was shopping in earnest for some 1-oz. Pt coins. Lots of places had none in stock. A few of them had a few 1/10th oz. Pt coins but that was not what I was after. It just seems odd to me that the price of Pt has fallen over the past month or two, yet it is difficult to actually find any that can be bought at the current price. This is why I think that we may be looking at a divergence between paper and physical prices. |
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Pillar of the Community
United States
2168 Posts |
That's kind of what happened to silver when the big drop happened in May. Many on line places out of stock or not available. The mint has their 1 oz for 1692. I know too high for what you want to pay but a nice coin!
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Posted 12/18/2011 09:48 am
