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 Replies: 8 / Views: 1,823 |
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Valued Member
Canada
258 Posts |
Yesterday I bought a 5oz Mexican silver bullion coin from their "Pre-Columbian" series (1998). It came in its original packaging. However said packaging is nothing more than a cheap thin plastic envelope that is looking pretty ratty, and has a small hole in it. I really detracts from the eye appeal if you ask me.
My question is: Would it be a mistake if I were to remove the packaging?
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Pillar of the Community
Canada
2019 Posts |
Not sure, but I bought five 5 oz Libertads and they came in a plastic 5 slot coin holder made just for 5 coins, I didnt know that when I ordered them , I am assuming they come direct from the mint like that. I will post it once I get a few pics shot. Oh I found one online: http://www.apmex.com/Product/69845/...ntainer.aspxEdited by Northerncoins
05/18/2013 08:47 am
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Pillar of the Community
United States
5841 Posts |
If you're talking about special, limited edition "collectors" coins that sell at a high premium, like proof ASE coins put out by the U.S. Mint, I'd say that the Original Government Packaging (OGP) definitely make a difference. If you're talking about bullion coins that are produced in the millions and sell at or near spot value, on the other hand, I sincerely doubt having the OGP makes any difference whatsoever. |
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Pillar of the Community
United States
2543 Posts |
The coin speaks for itself. While many of the special edition coins and sets from the Casa de Moneda come in special holders or very collectible wooden boxes, the OPG plastic is not collectible. Except for a few die hard " must be all original " collectors, taking it out of the ratty plastic will not lower the value to any significant degree.
And if you can put it in a 5oz airtite, it might actually keep it nicer. I collect 5, 2 and 1oz Libertads, and have never seen any premium added to coins in the original plastic, boxes definitely, plastic no.
Edited by denco7
05/18/2013 10:01 am
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Valued Member
 Canada
258 Posts |
I bought the coin for $140, which is about $5 over spot I believe, so I did pay a premium for it, but not a huge one. I believe the mintage for this coin is about 5600.
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Pillar of the Community
United States
2543 Posts |
Nice score  Those coins are really nice, and a 5oz coin is always impressive. Most of the ones that I have seen go for $190-$200 |
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Valued Member
Canada
258 Posts |
Thanks deco! I love high relief and its sheer size compared to the Maple Leafs and ASLs that make up the rest of my bullion stash.
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Pillar of the Community
United States
899 Posts |
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Pillar of the Community
United Kingdom
616 Posts |
I think it depends. I know one large dealer who won't buy Pandas unless they are in origianl mint capsules. I guess they can't resell them on the internet and their maybe some concern about counterfeits.
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Replies: 8 / Views: 1,823 |
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Posted 05/18/2013 09:07 am
