| Author |
 Replies: 12 / Views: 1,763 |
|
|
Valued Member
Canada
246 Posts |
Does bullions go up in value in time? I mean, even with the silver spot price, if you buy for example the Silver Maple Leaf of this year (2013), the price of this coins will follow the price of silver in time or it depends of multiple factors? Does the people buy bullions to own physical silver or to simply collect them because they love the coins? The silver maple leafs seems the same year over year... Thanks.
|
|
|
|
Pillar of the Community
Canada
933 Posts |
maples are worth only bullion, maybe a tiny premium. Will only go up above spot price if a very low quantity was minted in a particular year.
|
|
Pillar of the Community
Canada
6768 Posts |
Will agree with RoyalSilver.
Just to add, as per my knowledge, the Privy ones have usually the lowest mintage.
Examples: Tulip-privy, D-Day, Western Zodiac, Titanic.
|
|
Pillar of the Community
Canada
789 Posts |
I prefer trading MNT.TO and MNS.TO (RCM's ERT program) in stock market to buying/selling physical and vanilla SML.
Too much hassle to buy, sell and store physical coins, and milk spots usually kills whatever numismatic they could bring. SML with privy is another story, but we already paid a higher markup price when we buy them.
|
|
Valued Member
Canada
242 Posts |
the animal bullion have a big premium un them, the moose, wolf, antelope and the grizzly....they all have premiums....
|
|
Pillar of the Community
Canada
1528 Posts |
Quote:
Does bullions go up in value in time? Yes if you buy the right kind. As Silveroid and RoyalSilver stated, maple usually does not have a high premium. It beat the gerneric round. the benefit it has is that it is well known and easy to sell. If you buy the "semi" numismatic coin such as Panda, Taku, Kooks, Koala, Somali elephant, Canadian wildlife (timberwolves, grizly, cougar, moose, Antelope, Bison), the value goes up in time. Look up the price of the timberwolves or grizzly and you can see it command a high premium. People buy these semi Numismatic coins because they looks nice and they have a different design each year. So there's a collectibility in these which is why their premium usually increase as time goes by. |
|
Valued Member
 Canada
246 Posts |
Very interesting... Thanks.
|
|
Pillar of the Community
Canada
981 Posts |
Depends on year too some early years are worth much more
|
|
Pillar of the Community
Canada
1502 Posts |
there are key dates with lower mintages - 1996 and 1997
|
|
Valued Member
Canada
329 Posts |
i'd say the panda's for sure. they jump up considerably each year. 2012's are still cheap but once you get back to 2011, 2010, and 2009, they start climbing.
|
|
Valued Member
Canada
246 Posts |
Can someone explain why for example the US spot price of the silver is 22$ for example, and dealers are selling bullions for 29-30$? I know there's a markup, but how can we know the right markup a dealer can ask over the spot price? Is there any guideline we have to know to buy bullions at the right price?
|
|
Valued Member
Canada
329 Posts |
^^ no guidelines. Local Coin Shops typically sell for a higher markup where online dealers usually have a smaller premium. this also changes depending on the type of bullion (rounds, bars, gov't issued bullion) and how much you're willing to purchase. I usually look around online and see what kind of deals are being offered. example being, sometimes APMEX will have a 24hr sale of .99c over spot for ASE's or SML's, etc etc. |
|
Pillar of the Community
Canada
1528 Posts |
Quote:
Can someone explain why for example the US spot price of the silver is 22$ for example, and dealers are selling bullions for 29-30$? I know there's a markup, but how can we know the right markup a dealer can ask over the spot price? Is there any guideline we have to know to buy bullions at the right price? Do grocery stores sell the same item with the same mark up? They all gonna try to get as much money as possible and you have to shop around. They may offer a deal here and there in hoping you would stop by their shop or online store and pick up other things or they lower the price to get rid of some stocks. Everyone can set their own premium As for guideline... look around different places and compare prices. Look out for shipping fee, credit card fee (there's usually a surcharge if you use credit card). Also look out for extra fee (not from the store itself but from bank) for wire transfer or if you buy from U.S, watch out for conversion rate. All these fees and charge add to your purchase of the bullions. |
| |
Replies: 12 / Views: 1,763 |
|
Posted 08/23/2013 09:00 am
