| Author |
 Replies: 2,778 / Views: 301,250 |
|
|
|
Pillar of the Community
Canada
2984 Posts |
Quote:
well looks like the guy will be sitting on those sets for a long time.
$12K per set for less than $4,500 in gold, is laughable. Its not melt value the guy is paying for. If he wanted gold as investment he would buy gold bullion. He is paying for numismatic value. For this set of coins he can command 3x, 4x, 6x or more what he paid for in a couple of decades. |
|
Pillar of the Community
Canada
1571 Posts |
I think it is very laughable as well to spend $12000 on these coins even if they they are ms65 or better. I collect non circulation, mint products. This is the first circulation coin I have bought as the price was quite reasonable for hand selects and it's cool to own a piece of history. Having the same coin with fewer dings doesn't improve the history. I like these coins, for historic value and for the design on them. I paid a little over the gold value for my coins. If I'm spending $12000, it better come with power locks, keyless entry, a/c, and a nice set of rims. With that being said, the guy that dropped $40000 probably doesn't have a $12000 car. I'd bet $120,000. Even key date coins that are insanely priced are crazy in my opinion. $5000 for a dime or a quarter just seems stupid to me.
But to each his own. My family tells me coin collecting as a whole is lame so I guess it is all really a matter of opinion.
|
|
Pillar of the Community
Canada
834 Posts |
comparing this set to a Mint state 1948 dollar give me a break
the 1948 dollar is a money coin and what Canadian coin collectors want, and even the market on 48 dollars is flooded.
There are 140 of these gold sets. Plus all the HS and PS coins the mint release all in mid MS-grades. These coins are just selling on hype right now. Give it awhile and these coins will be selling for just over gold value.
So I stand by my statement that purchasing two of these sets is laughable.
If they were a great investment don't you think these sets would have been the first to sell out?
I believe there are more than a few collectors/business owners would could easily shell out $12k, but they won't this set will probably be available still in 6 months time
|
|
Valued Member
Canada
128 Posts |
I wish I had the money to have bought the $ 12000 set as I think it has the best chance to appreciate .When I started collecting in the 70's the mint used to crank out 500,000+ collector dollars and now they are down to a tenth of that.Kids now a days don't collect anything except for electronics.That explains our shrinking collector base . I talked to a coin and stamp dealer and he said you can't even move stamps and they have even retracted in value since the 80's. Since I started collecting again I compared values in my early 80's books to now I noticed only very high grade low mintage coins seemed to appreciate. Unfortunatly If you go to APMEX you can buy all the modern instant collectable coins in their bulk bins at bullion price there is just not enough collectors to support those prices.I collect for enjoyment and not speculation but I try to buy things that I hope at least hold their value. |
|
Valued Member
Canada
165 Posts |
 absolutely. I also collect coins and paper money that appeals to me. As far as buying the $12000 set, even if I had the money I would not have bought it. I am satisfied with my single HS 1914 $5 purchase. I do not intend on selling it but it is always nice to know that if I need to, this one will be worth the price I paid for it and perhaps more. |
|
Valued Member
Canada
85 Posts |
I wish we knew what was going into the melting pot
|
|
Pillar of the Community
Canada
1189 Posts |
that is too much. I am happy with my 1912 $5 and 2 1914 $5 gold coins. |
|
Pillar of the Community
Canada
5327 Posts |
gold coins generally carry very little value over bullion, try to sell any recent perfect struck pieces or even 1967 20 dollar, Now that we know from PCGS there is 1600 or so ms 63 graded coins from this offering, if your coin does not grade ms63 or better it probably will become a bullion value coin. get it on ebay now get max value |
|
Valued Member
Canada
430 Posts |
I would not compare a 1967 $20 gold piece where it's entire mintage was all struck for the purpose of being in the specimen sets to these series of coins. It's like comparing oranges to apples.
|
|
Valued Member
Canada
108 Posts |
Who cares whether some people think these coins were overpriced or if they will appreciate in value or if they are a good investment. I think nearly everyone who has received some of these coins absolutely love them (including me) and simply bought them because they are an awesome piece of Canadian history and one of the best additions to a collection. I feel bad for people who missed out on this opportunity or who couldn't afford to buy any.
|
|
Valued Member
Canada
128 Posts |
|
|
Valued Member
Canada
430 Posts |
I agree as well, Shannoxt. I love these series ever since I was a kid.
|
|
Valued Member
Canada
333 Posts |
I bought my coins for the heritage value. But, if I could afford it, I would buy 7 sets of the 12k. I have 2 kids and 5 nephews/nieces. |
|
Pillar of the Community
Canada
1189 Posts |
Good uncle .lol
How luck your nephews/nieces are. A gift worths 10K.
|
|
Pillar of the Community
Canada
1571 Posts |
I buy all my coins for my children. The funny part is I don't have any yet. I got in to coin collect after inheriting around 400 coins from my grandfather. After going through each of the coins, I found the total value to be less than $50. But there is historic behind them. I will pass those coins down, as well as my more valuable gold and silver coin collection.
|
| |
Replies: 2,778 / Views: 301,250 |
First Page
Previous Page
Posted 03/08/2013 03:13 am
