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Which Is Better In The Long-Term For A Collection?

 
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United States
88 Posts
 Posted 07/12/2020  3:22 pm Show Profile   Bookmark this topic Add Hidalgo to your friends list Get a Link to this Message
Hello Collectors!

When I buy coins, medals, etc., I typically will hold them for a long time. Occasionally, I will sell part of my collection to upgrade my coins, medals, etc. Or to make room for future purchases. The hope is that my purchases will not decline significantly in price in the long term.

Just curious what you think is the better buy in the long-term:

1) A generic one-ounce bar, medal, etc. of silver (about $22)

or

2) A common BU Morgan silver dollar (about $30 - $35)

Thank you in advance.
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Canada
2402 Posts
 Posted 07/12/2020  5:46 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
I would pick govt issued bars or rounds over morgans. although fake bars/rounds are out there I would venture a guess that there are more fake morgans.

Over all though, brass and lead (with a touch of gunpowder) is probably the best commodity metal investment you could make (strange times these are)
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United States
779 Posts
 Posted 07/12/2020  7:08 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
I would go with the Morgan or even Peace dollar. The reason being simple, even at 90% silver compared to a .999 bar/round, actual coins always sell above melt value. Even worn they carry a slight premium at or above bullion.
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Canada
3539 Posts
 Posted 07/12/2020  7:32 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Do you want coins or silver bullion? At the price you are quoting, you are paying over twice melt for the Morgans. So do you want half the silver, and coins of numismatic value, or plain silver? Only you can decide.
Valued Member
United States
397 Posts
 Posted 07/12/2020  9:18 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
Good question! both have good points.. The bullion pieces are a better buy
right now IMO, but silver will continue to be mined, really so as the spot price goes up.
The silver Dollars can not be minted again... But the premiums are way high right now. Also IMO...
Valued Member
United States
262 Posts
 Posted 07/13/2020  12:32 pm  Show Profile   Check Lancek's eBay Listings Bookmark this reply Add Lancek to your friends list Get a Link to this Reply
Lots of variables. $3 an ounce on $19 silver price is a 15% markup. So you've got to over come that to even break even.

But on the Morgans, if you buy a $30-$35 Morgan from your LCS, and take it back to them to sell the next day, They might offer $20-$25. So hard to overcome that too. If you sell on Ebay you might get retail. But then have to factor out 13% to Ebay and Paypal

Silver skyrockets, obviously that's the better deal. If it tanks, Morgans/Peace will hold their value longer. It seems to take a while for a drop in silver price to work it's way into the coin market.

Personally I do a little bit of both. With more emphasis on the silver dollars.

But let me throw out another option I do. Low to mid grade common date 90% coins. My LCS sells at a couple ounces over spot. And usually buys at around spot. Usually in multiples of face amount. Right now maybe 14x to 15x face. But I rarely buy from him. I attend a lot of local coin auctions. Sometime I walk away with nothing. Other times I pick up bags of pre 65 quarters dimes, halfs. Quite often under current melt. Towards the end of a long auction you can pick up some real bargains. People are tired, many have left, most have spent more than their spouse is going to be happy about. Picked up a roll of 50 silver dimes for $40. When melt on them was $1.15. 30-40 silver quarters for $2.50 each when melt was well over $3.

I'm actually taking some of my Washington's and Rosies into two coin shops this afternoon. See which one wants them more.
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 Posted 07/21/2020  11:26 am  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply
Are you a coin collector/hobbyist? Or investor? I wouldn't suggest using coins and long-term pricing in the same sentence. You should look for an investment forum. Unless you're a dealer, chances are you will lose at this game. It's a hobby, not an investment vehicle.
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 Posted 07/21/2020  1:53 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Neither
just carl
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