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 Replies: 12 / Views: 1,462 |
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Pillar of the Community
United Kingdom
616 Posts |
Bee looking at Perth Mint 5 and 10 oz. coins and to me the 10 0z. coins are really hot. What do you guys think? Do they have much value as a collectible or are they just a good looking round silver bar? |
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Bedrock of the Community
13014 Posts |
I think they have value, though my one caution for them is when it comes to resale theyll have a smaller potential buyer market than a 1 oz. Though 10 oz is still small enough to me that a lot of people will still buy products that size
In full disclosure I always prefer mint products over bars so I am a little bias
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Valued Member
United States
149 Posts |
I agree, there's a very limited market for anything more than a couple ounces.
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Pillar of the Community
 United Kingdom
616 Posts |
So does 10 oz. fit your couple ounce parameter?
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Valued Member
United States
149 Posts |
No, a couple is two.
There are less collectors, so you need extremely low mintage on those.
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Valued Member
United States
456 Posts |
I think it's a no-brainer starbuxinvestor. There is very little risk provided you are buying at current issue year prices. While it's true these have a limited market relative to the 1 oz, they also have mintages that are on the order of tens of thousands rather than 300K and they are much cheaper per oz. I don't think you would ever have an issue selling. The previous issues have all appreciated well. I don't think you'd regret it for a second.
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New Member
United States
37 Posts |
For me, if I start to think of silver in 10 oz increments, I've crossed the line where fractional gold is more attractive. But different people buy PM for different reasons...
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Pillar of the Community
United Kingdom
548 Posts |
The Perth Mint products seem to vary a great deal in popularity. Their 1oz "Year of the Tiger" were extremely popular and there was likewise great interest in the bullion coins of larger size. It was a great looking design which probably explains why it sold so well. Other years aren't so good. |
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Pillar of the Community
Japan
666 Posts |
5 oz
mouse - huuuuge premium
dragons - were sold in thousands
premiums are not that high but there are no problem in moving 5 oz silver coins
personally I don't like coins larger than 2 oz ... they don't fit my collection of world bullion well
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Pillar of the Community
United Kingdom
616 Posts |
If 5 and 10 oz. coins are hard to sell what about 10 and 100 bars? Are people suggesting only buy 1 oz. bullion coins? Personally I think kilo bullion coins are just too big to look good. But I am sure there are designs out there that would prove me wrong.
Edited by starbuxinvestor
04/17/2013 10:09 pm
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Bedrock of the Community
13014 Posts |
10 and 100 bars fall into the same thing. 10 arent to hard to sell but harder than 1 just like 100 is harder than 10. The bigger you go the smaller the buying base. 10 arent so large that the eliminate a lot of buyers but a lot of people would rather have 10 or something or 10 different 1 oz than 1 ten ounce
Its not to say never buy it if thats what you like but just realize that if youre planning to resell the buying base will be smaller. You also wont get 4 or 5 dollars over spot per ounce on a 100 ounce bar like you would with a 1 ounce coin.
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Pillar of the Community
United Kingdom
616 Posts |
While you won't get the same premium you also don't pay as high a premium to purchase from what I can tell.
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Valued Member
United States
456 Posts |
^ Bingo. Significantly lower premium on the larger coins. Minimizes risk. I just don't buy that coins at 10 oz or less are difficult to move. If worse came to absolute worse, you could sell these for silver value, and the spread would be pretty small. While the collector base for these are less than the one oz, there is still a collector base. Basebal21 is right, there are people who would rather have 10 one oz coins rather than one 10 oz coin, but the opposite is also true. You only need to find one buyer.
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Replies: 12 / Views: 1,462 |
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Posted 04/16/2013 2:37 pm
