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 Replies: 8 / Views: 1,615 |
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New Member
United States
2 Posts |
Hello! Everyone  I am new in this coin forum website and I am very happy to find this website that can help me with lots of coins information. I am very crazy about pure silver coins from around the world from 90.00% to 99.99%, but the most pure silver coins I really love to collect for my collections are 99.99% if it is possible and my question at this time is : How Do I Know If Every Time I Get A New Pure Silver Coin From Some Country In The World That I Do Not Spend Or Cost Too Much Or Too High For Normally It Should Be? Can someone really help me for this question? Because sometimes I found a very nice pure silver coin that I really wanted to have for my collection, but I was NOT really sure that price was too high or NOT, so finally lost that coin.  I really want to know, so it will not happen again. Thank you very much. It will be greatly appreciated. Bunthid or Max |
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Pillar of the Community
United Kingdom
2490 Posts |
 One of the best ways is to look for your coin on ebay. Be sure to look for "Completed Listngs". That way you'll see what other people are paying and the condition of the coin they bought. |
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Pillar of the Community
United States
5362 Posts |
You ask a very difficult question which has no simple answer. Coins, like the poeple that collect them, are so variable that there is no one answer for everybody. People collect what they like personally. Some people like coins with history. Some want brand new coins that were never handles. Some pople collect only one country or one denomination. That is what makes the hobby fun. So you get to pick what you like. When you do that you also pick a price range. I love $20 gold coins. But I can not afford them. You seem to tend toward coins that did not circulate and that were not made as money. The 99.9% silver coins. Those are too soft to circulate successfully. In fact, there are few coins made as currency that are over 92.5% (sterling). These non-circulating commemoratives and bullion issues can often be purchased at or near silver melt value. Even the issues with very low mintages can often be found for little more than the value of the silver. This is good especially if you are looking at collecting as an investment. alganbagerap makes a great suggestion. Do your homework by researching the coins you like BEFORE you try to buy them. When I started collecting back in 1957 - there was a dealer in New York who had a motto that has always stuck with me. His name was Aaron Feldman and he said "buy the book before the coin." What he meant was that you research FIRST then buy. That way you can know what is right to pay. Today you have a big advantage over what I had in 1957. The internet can provide much more information at a lower cost than most libraries. ebay is a good place to start. See what the coin you like really costs. You can also look at other sites like Stacks or Heritage if you like higher value coins. Remember that mintage and rarity only mean something is someone else wants the coin. Popular coins sell for more than unpopular ones. Above all HAVE FUN. |
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CCF Master Historian of USA Commemoratives
 United States
12261 Posts |
I can understand your dilemma. With many of the world's mints selling new silver non-circulating legal tender (NCLT) coins at significant premiums over their melt value, it can be difficult to decide when the premiums are too high. For example, the Royal Canadian Mint recently released a one ounce 0.9999 fine silver $20 coin called Canadian Maple Canopy (Spring). The RCM sold the coin for $99.99 â€" quite a premium over the melt value of one ounce of silver! The RCM sold out of the coin fairly quickly (in just about a week), however, and now resellers are listing the coin for more. Who's to say at what price this coin will be selling in one month, three months, a year! Maybe more, maybe less. Other new silver NCLT coins from the RCM and other world mints are selling at even higher premiums over their melt value - sometimes the equivalent of around $300 an ounce (or more!). The premiums are typically driven by a couple of things: 1) Mintage â€" some mints charge hundreds of dollars for a one ounce silver coin because they are only minting 500 or 1,000 specimens. In these cases, you are paying for exclusivity. 2) Embellishments â€" many of today's silver coins are being "bedazzled" by their issuing mint with colorization, selective gold plating, embedded crystals, holograms, etc. These types of coins almost always carry significant premiums over their melt value. Deciding whether the premiums are worth it is a matter of personal taste. My suggestion to you is, before you buy a particular coin, make sure you know how many of the coin were minted. Popularity of the themes on each coin being equal, a coin with a mintage of 10,000 should carry a lower premium above melt than one with a mintage of 500. Once you understand the mintages, I would do what others have suggested and use the "Completed Listings" search on ebay to see what others have paid for the coin. It's important to remember, while the price of a coin may seem high to you, there are likely others who would have no problems paying it. If it's a brand new coin without any historical sales available, it comes down to how much you like the coin and what value you place on it. To swamperbob's point about many of the modern NCLT coins being available at around their melt value, I would say this is true for about 80% of NCLT coins â€" but only after they have been available for a few years. So, if you can resist the temptation to buy modern NCLT coins as soon as they are released and focus on only buying the coins after they have been available for a few years, you will likely be able to save yourself some money on many of the coins you decide to add to your collection. Hope this helps! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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New Member
 United States
2 Posts |
WoW! Thank you very much for all three of you, alganbagerap, swamperbob, and commens  . I really appreciated that very much. All your information really help me lots, but I still need more information. It almost get into the point that I really want to know.
ebay website is also an excellent suggestion for searching all my pure silver coins which I am really interested in, but there are still not enough for silver coins from all over the world, but I know ebay website is the most products that you can find. And all the prices are also so different with the same mintages of different sellers, but it is still very tough for me to decide which one I should buy. Of course I know that I have to buy the cheapest one on that page that I find, but how I know the cheapest one from that company is already reasonable price that I can buy. I know I have to study about that coin which I am planning to buy FIRST as swamperbob and commems suggested. I always study and I also have some World Coins catalogs from KP company and some others, but most of them are not new catalogs, but not too old ONLY 3 or 4 years different and the prices are also different from all the coin catalogs. In my opinion, all the prices from all the coins catalogs are the spot prices on the coin market that those catalogs tell us to know, aren't they, so we will know how much more from the spot prices of each mintage we should pay. Is that correct? For example :
I just got a 200 KRONER, KM# 882, 99.99% silver 1 oz. 31.10 gram. mintage from Denmark which I paid for $62, but the KP catalog said ONLY $50 on the catalog, so this means I paid too much, cheap , or average price.
Another one, I am planning to get a 20 ROUBLES, KM# 96, 92.50% silver 1 oz. 33.66 gram. mintage from Belarus which the catalog was written was $50, but most of the coin companies which have this coin set up the price at $80, but some companies charge $100 or even much more, so what should I do for this one and the mintages for both countries are almost the same. But if some mintages they did not say how many they were made, so how we should know how much I should not pay over than the spot on the market. 
I am sorry for my so complicated questions, but I REALLY need to know before I start seriously collecting all silver coins from all over the world especially some countries that I could NOT find any information at all about their silver coins because I do not really want to be cheated by someone in the future if I do not know anything at all.
Usually, I love to collect the historic coins and ancient coins as well, but I really love only pure copper, silver, or gold if I can afford. I don't know why I am something different than others.  I have some US Half Cents in uncirculated, US Large Cents, and US Silver Morgan dollar uncirculated as well, and ancient coins, but not much. I do not know why I REALLY love only US Half or Large Cents, Silver Morgan dollar, and ancient coins very much. May be because of their pure copper or silver or their artworks and I will try to get more if it is possible.
Thank you very much again and I will wait for any suggestions again.
Bunthid or Max
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Pillar of the Community
Canada
2781 Posts |
if you like it, and can afford it, buy it.
if you are worried about making or loosing money, beyond bullion value, then you are in the wrong hobby.
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Pillar of the Community
Australia
3831 Posts |
There's one fine print that you are missing when it comes to catalog prices. As soon as the print is out, catalog price is already outdated. You have to keep a good eye on market price and online sources are usually a lot more realistic especially ebay. My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
2087 Posts |
Quote:There's one fine print that you are missing when it comes to catalog prices. As soon as the print is out, catalog price is already outdated. You have to keep a good eye on market price and online sources are usually a lot more realistic especially ebay. As well as the above you need to be aware that Krause, When it comes to market value of world coins, is more often than not well out of day. Yes ebay is a way of getting a feel for where prices are heading but to really "have your finger on the markets pulse" you need to monitor the market movements in floor auctions I monitor Nobles, Heritage, Kuenker, HD Rauch, Stacks Bowers, Spink, and sundry other Auction houses that list on http://www.sixbid.com/index.html Six bid has a very good Auction archive it is worth registering with the site just to have access to that resource |
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CCF Master Historian of USA Commemoratives
United States
12261 Posts |
One thing you also have to keep in mind when it comes to the Krause catalogs for world coins is the fact that a major factor in the price of many of the coins listed is the amount of precious metal they contain. So, the values listed are often based on the current value of their precious metal content.
You mentioned your catalogs are three or four years old, in April of 2009 silver was floating between $12 and $13 per ounce. In 2013, silver has been between $15 and $20 higher (from about $27 to lower $30s). This increase in silver's price can account for some of the current prices you are seeing vs. the prices in your older catalogs.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Replies: 8 / Views: 1,615 |
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Posted 04/03/2013 02:38 am
