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Let's Say You Had A Choice......what Would You Do?

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189602 Posts
 Posted 06/20/2017  2:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I do not desire just one particular coin, so I would get bullion just so I could sell/trade it for all of the coins that I need to fill my remaining Dansco holes.
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 Posted 06/20/2017  2:38 pm  Show Profile   Bookmark this reply Add 999fine to your friends list
fine:
Edited by 999fine
06/20/2017 2:40 pm
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United States
309 Posts
 Posted 06/20/2017  3:00 pm  Show Profile   Bookmark this reply Add Pistareen to your friends list
I learned about this on 1980 when the Hunt Brothers tried to corner the silver market. You buy and sell bullion but you buy and hold rare coins. Don't get attached to bullion. Dump it often when the market is up. Buy it back when the market is down. But some really great coins come along once in a lifetime. I mean not just rare and interesting coins but at the right price, that you know will go up multiples in value and always be in demand. Buying those should be a no brainer. If you wait the opportunity to get in right is gone. Only one to a customer and if you don't jump the next guy will. So do you want growth at little risk or liquidity with little growth?
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 Posted 06/20/2017  3:18 pm  Show Profile   Bookmark this reply Add moxking to your friends list
I would much prefer the single rare coin, although I would want it to be from my present want list, rather than some audacious monster coin that I could never afford. I always keep about 50-60 coins on my want list. Each one helps me get closer to a goal I have set. Right now, the biggest coin on my want list would be an MS-65 Hawaiian Classic Silver Commemorative half dollar. I have the money, I just have NOT been able to find a coin in that grade (preferably NGC), that I liked.

I don't care how long I have to wait. I don't buy any coin even if they are "bargains" unless they are what I really want.

Holding a few pounds of silver (or more) doesn't do much for me. Bullion will always be available. Rare coins are called Rare coins because you can't go to ebay and find a bunch of them for sale - at any price.
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 Posted 06/20/2017  3:22 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list
Assuming I could pick My personal dream coin I'd have to go with the coin (1862 British Columbia $20 gold price, or 1870 Newfoundland bronze trial half dollar if You were wondering).
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 Posted 06/20/2017  3:57 pm  Show Profile   Bookmark this reply Add Bud250r to your friends list
I think I would have to take a 1916 SLQ. In MS 67 of course.
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 Posted 06/20/2017  4:14 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
I was never a bullion man , always a coin collector . all the silver I own are in sets and most have Numismatic value well and above melt 10 fold or more . So I will take a coin .
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 Posted 06/20/2017  7:25 pm  Show Profile   Bookmark this reply Add flag4 to your friends list
I'm still waiting for silver to rise to $200 an ounce, like they promise on those TV ads!

Then I'll be able to finish and upgrade my Morgan collection to all MS !
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 Posted 06/20/2017  7:49 pm  Show Profile   Bookmark this reply Add Beefer518 to your friends list
Bullion is boring IMO. Coins are interesting, have a history and story to each one of them. I'll take the coin. Dunno which one, but it would be a coin. Maybe an 1856 Flying Eagle in MS70? I'd still have lots left over to buy others, but that would probably be the coin I start with,
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 Posted 06/20/2017  8:24 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list
Coin all the way.

I couldn't imagine owing a single $10M coin; that kind of money would be used to finish my Roman collection, and top it all off with a Brutus Ides of March denarius, and a set of classic Greek tetradrachms.
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 Posted 06/20/2017  8:45 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
Well I collect bullion coins and do not find it "boring" at all.
Perhaps generic bullion rounds are but not the coins.

And, since I already own a bullion collection I would most likely but a coin.

1856 FE or a 1916 SLQ or something of that nature.
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 Posted 06/21/2017  12:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Well I collect bullion coins and do not find it "boring" at all.
I agree. There is a big difference between bullion you stack and bullion you collect.
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 Posted 06/21/2017  9:40 pm  Show Profile   Bookmark this reply Add just carl to your friends list
1894S Liberty Head Dime in MS-65 minimum grade.
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 Posted 06/21/2017  9:49 pm  Show Profile   Bookmark this reply Add coin197 to your friends list
I would want a 1893 S Morgan dollar in MS 67 then.
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 Posted 06/22/2017  09:00 am  Show Profile   Bookmark this reply Add january1may to your friends list

Quote:
I do not desire just one particular coin, so I would get bullion just so I could sell/trade it for all of the coins that I need to fill my remaining Dansco holes.
(minus the Dansco part, don't do those yet).

Quote:
I would much prefer the single rare coin, although I would want it to be from my present want list, rather than some audacious monster coin that I could never afford. I always keep about 50-60 coins on my want list. Each one helps me get closer to a goal I have set.
I understand, and mostly agree with, your idea (though I don't have that well-developed want lists).

In my particular case, the most likely candidate for "that one coin I kind of want but really cannot afford" is probably the 1724 copper kopek, which I theoretically need for my kopek type set (I used to dismiss it as a pattern, but apparently it isn't). Apparently a low-grade example sold for $600 a few months ago...

Quote:
I couldn't imagine owning a single $10M coin; that kind of money would be used to finish my Roman collection, and top it all off with a Brutus Ides of March denarius, and a set of classic Greek tetradrachms.
I don't have anywhere near as much of a Roman coin collection as you do, but otherwise I essentially agree with you (though I would have probably tried to go for a reasonably full emperor set, maybe with a segue into Byzantines, rather than just that one Eid Mar).

This would require following jbuck's suggestion, however.


And unrelatedly - my first thought was "$10M in silver bullion might not fit in my apartment!"
Apparently, it would actually fit - even accounting for packing, it's only 3 cubic meters or so, i.e. it would take up less space than my double-decker bed - but it would definitely break the floor.

($10M in gold bullion, at modern prices, would not even break the floor - it's only around 200 kg. Which is far less than I expected, by the way.)
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