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 Replies: 24 / Views: 2,883 |
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Pillar of the Community
Australia
7096 Posts |
I collect bullion as a bit of a hobby.
When I collect coins its a verry serious buisness.
If I had an extra 5k the choice is simple upgrade some of my coin sets.
Gathering bullion is a no brainer. But getting that perfect coin takes a lot of $$$$$ and effort.
I would part with my bullion stash but I just can't seem to bring myself to do it.
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Pillar of the Community
United States
3540 Posts |
As others have posted on other threads, I believe coins with numismatic value are the best way to go, right now. I believe it is a BUYER'S market.
In the last 15 days, I have spent 2K on numismatic coins. 2K is a LOT of money to me...but half was proceeds from another numismatic venture and the other half was from teaching classes.
In order to get the best bang for the buck, you need research what you want to buy. First and foremost, you need to decide if you are buying to keep, invest, or turn for a profit. These are three distinct avenues...don't kid yourself.
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Pillar of the Community
 United States
4008 Posts |
I agree that buying numismatics can be fascinating as well as quite profitable but also know that a considerable amount of knowledge is needed. It's a bit like swimming with sharks. You need to have as big a dorsal fin as they do or you WILL be devoured. Me? I'm more of a guppy type swimmer.  |
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Pillar of the Community
United States
3670 Posts |
True that Ed, as I understand one may buy a nice graded rare high on most all collectors numismatic coin list, which has a high chance to rapidly increase in value, but I like your guppy reference have ZERO idea what that coin would be to buy, so I will stick to simple easy stack-able silver bullion bars like Engelhard and Scottsdale sealed up tight, as I figure those are less likely to tone. As well as other high premium silver items, and I know it when I see it....
Like Mike on American pickers always says...."The best time to buy something really cool and rare, is when ya see it.".....
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Valued Member
United States
426 Posts |
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I'd buy back my Mexican Republic 8 Reales that I recently had to sell off I hope I never have to say that fcrazo! I love my Cap & Rays and have put a lot of sleepless nights browsing the web for good deals on the ones I've obtained!  Back on topic, I would probably invest in gold since I don't have any, drop some silver weight and get into the yellow. |
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Pillar of the Community
United States
667 Posts |
Where are the deals on the Maples when you have the money?  Personally there are many ways to go with silver or gold. I like the coins because when selling I have found they hold their premiums so you don't loose anything. Sometimes I have found trying to get the premium back on bars or rounds have been a problem. Platinum would certainly diversify your holdings. If it was me I would take the Silver Maples and some of the fine 24K gold stuff they mint. However If I could find some cheap Silver Dollars in BU then I might spring for some of those too. I don't know if I would take a risk investing it in numismatics just too much like playing the lottery. |
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Pillar of the Community
Canada
1502 Posts |
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numismatics just too much like playing the lottery not if you develop a good eye for them and a lot of knowledge to back your purchases and sales off. It's definitely more of a sport for the dedicated hobbyist than the quick investment for the layperson though |
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Valued Member
United States
297 Posts |
I voted for all gold. With gold prices so high I have not been able to make any purchases but I would like to get a few ounces for my 7070 book. $5,000 should be just about enough to fill the gold page in the book, then it would be back to buying silver.
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Pillar of the Community
United States
4008 Posts |
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Where are the deals on the Maples when you have the money? Where are the good deals on ANYTHING when we have the money, MK?  Quote:
Personally there are many ways to go with silver or gold. There sure are and this is one of the more fascinating aspects of collecting PM coins, rounds, and bars. Quote:
Platinum would certainly diversify your holdings. It sure would and with Pt prices hanging in there at just over $1400 per oz. that seems pretty reasonable to me. |
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Replies: 24 / Views: 2,883 |
First Page
Posted 12/14/2011 11:20 pm
