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 Replies: 17 / Views: 2,844 |
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Valued Member
Canada
89 Posts |
Hey Everyone, I'm considering purchasing some proof 1 oz silver bullions that have somewhat of a high premium (~$50 over spot) but the thing is they are missing the certificates. I'm not sure if I should be concerned (assuming they're authentic). I'm wondering whether that would be a deal-breaker for most. I want to go for it but would like to have your opinions first.
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Valued Member
United States
456 Posts |
If you don't mind me asking, what are you looking at?
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Valued Member
 Canada
89 Posts |
No problem. They're the Belarus zodiac coins.
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Valued Member
United States
456 Posts |
Based on a preliminary search, they made two sets of this series. One is a 20 Ruble (silver), and the other is a 1 Ruble (copper/nickel). It appears the copper/nickel set is also missing the stones on the coins. For the silver set, it looks like there are two different COAs. One from Poland (the minting country), and one from Belarus. It sounds like the Belarus COAs make the set much more valuable.
I don't know much about the series, but it appears the people collecting them are also looking for the COAs as part of the high cost for the series.
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Valued Member
United States
456 Posts |
Sorry if I gave you information you already knew. Thanks for introducing me to this series, I have never seen it before. It's an interesting idea to use oxidized sterling silver coins. The designs are great with great details too.
Personally, I would pass on these coins without the COA and wait for others to come along. It's not that I'd be necessarily worried about them being authentic, but the value on a collectible series like this seems to depend on having the certificates with them.
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Valued Member
Canada
89 Posts |
Don't be sorry at all! You actually found more info that I did and I've been looking at these for some time. The coins are so beautiful. I wish I had come across them earlier. Maybe I would've been able to buy a few with the COA :( Hmm...maybe I'll get just one.
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Valued Member
United States
456 Posts |
I'm not sure where you are looking, but there are some on ebay at about the same price range that include COAs. Also, just so you know, it looks like these are right around 0.84 oz of silver, and not a full ounce, as they weigh 28.28 g and are sterling: (28.28*0.925/31.1 = 0.84 ounce silver). |
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Pillar of the Community
Japan
666 Posts |
I'm wondering whether that would be a deal-breaker for most.>>>
particularly this coin - dealbreaker, but I'd buy (and do buy) chinese coins that are more overpriced and being sold sometimes without COAs
Edited by bekiz
01/15/2013 02:06 am
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Valued Member
Canada
89 Posts |
SDCrow, I see a few on ebay that come with the COA but they're not the signs I want....unless my search wasn't thorough enough. I'll try again. Yea the silver content is the other thing. I wish it wasn't sterling.
Bekiz, the chinese ones are nice but the premiums are high :S
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Valued Member
United States
456 Posts |
Yeah, I only saw a few that were silver that are currently listed.
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Pillar of the Community
Japan
666 Posts |
he chinese ones are nice but the premiums are high :S >>>
agree
though the price is more justifiable than the coin you're talking about
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Pillar of the Community
Canada
1528 Posts |
It is all depend. If you are going to keep it and not likely resaling it, the COA is a bit less important. As for me, I don't care about COA if I buy Bullion coins but if I am buying Numismatic coins, I wants the COA even if it is just a generic one. there's always a chance for me to sale the coin back out and I don't want a situation in which I have a tough time reselling it if I don't hve the C.O.A. Especially if I am trying to sell it locally and not ebay. |
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Valued Member
United States
148 Posts |
Are you buying it to flip or are you buying it for yourself because you like it? If it's the former then yes not having the certificate would be a deal breaker. If it's the latter then who the heck cares? You're buying the coin not the paper. People display their coins, not the paper that comes along with them.
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Valued Member
United States
456 Posts |
I agree with Lostwords and Berk if you are buying it just for yourself and never plan to sell. I was assuming you would plan on selling at some point down the road. The COA is just a piece of paper, but some collectors like to have the original packaging, COA, etc. as part of their collection as well. Keep us posted with what you decide. I'd love to see a pic of these coins if you decide to get them.
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Pillar of the Community
United States
3789 Posts |
Hi gang
yea I agree with everyone else.... if you like the coin and don't plan on selling, then get it. However, make sure you get a discount for the lack of COA.
As I discovered in collecting the Somalian elephant coins and others that come with a COA,,, some dealers when purchasing from the wholesaler bought just the coin,, others bought the coin and COA,,, and yet others bought the packaging, coin and COA.
Therefore, there are 3 different price levels you should be aware of. So if it turns out that particular set or coin was only issued with a COA and no sort of display case or packaging then I would make sure you get the going price for that coin WITHOUT the COA.
I ran into this similar thing in buying coins from private mints... some sold the coin with the COA, others just the coin because some people want to just buy high premium silver coins for stacking etc.
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Valued Member
Canada
89 Posts |
Thanks for everyone's input! I don't plan on reselling but there's always the possibility that I would. I'm one of those people who like to have everything that's included in the original packaging. If a coin came in a presentation case and the case had a sleeve, I would want the sleeve as well lol. But I guess not having all the other stuff is okay too as long as I have the coin that I really want :) I'll definitely post pics if I decide to get them 
yup7676, that's really interesting!! I never knew they could do that. So when a dealer doesn't purchase the COA, box, etc., what happens to the original packaging? I'm not sure how the minting/packaging process works but I imagine that the final product from the mint would all be the same so if a coin comes in a box and has a COA, they all would. If a dealer only purchases the coins, what happens to everything else? Are the COAs tossed out by the wholesaler? Or maybe I got it wrong?
Edited by sw3dish ch3f
01/15/2013 7:52 pm
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Replies: 17 / Views: 2,844 |
Posted 01/15/2013 01:22 am
