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 Replies: 14 / Views: 2,545 |
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Valued Member
United States
78 Posts |
I see some last years bullion pandas, kookaburras, koalas,Privy, wildlife serious etc. gained a bigger premium as the demand for those increases, and the year before that are even bigger premiums.
I understand that they are not numismatic but some of them have a very low mintage, do you believe that in the far future these will be seen as just bullion or the will be still increasing in value? could this be a new era with these newcomers collectors that will bring great numismatic value to them in the very long term?
Is it worth collecting those or is it a short fever which will lose value later on?
which are your thoughts on that and which you would appreciate more?
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Pillar of the Community
Japan
666 Posts |
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I understand that they are not numismatic but some of them have a very low mintage, they ARE numismatic Quote:
do you believe that in the far future these will be seen as just bullion or the will be still increasing in value? no Quote:
could this be a new era with these newcomers collectors that will bring great numismatic value to them in the very long term? yes Quote:
Is it worth collecting those or is it a short fever which will lose value later on? who knows ...so far they worth it Quote:
which are your thoughts on that and which you would appreciate more? pandas, lunars, elephants |
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Pillar of the Community
United Kingdom
856 Posts |
Hang on. Let me just reach for my crystal ball ..  It is of course, very difficult to predict the future collector market. OK, there are some things such as 'old master' paintings and other items with historic interest that have done well and are likely to continue to do so. Not many Rembrands around, so unless people lose an interest in culture and art because they are too busy running away from zombies ... that sort of thing. Will bullion coins have a value in 20 years time? Probably. People have liked precious metals since the dawn of time, so unless it becomes a simple task to cook up a few kilos of silver, there will likely be interest in such things. However it's worth remembering that the collector market is fickle. Anyone here still collect Beanie Babies? Well, like BBs, bullion coins are produced in huge numbers, sold at a mark-up ... a 2014 Panda is not like an 1830 cent. The vast majority produced are in pristine condition and will likely remain like that for ever. They don't circulate, so don't wear, unlike circulating currency which as time passes better examples become more of a challenge to find. So yes, they will be worth something. But whether they will be a useful component to a retirement portfolio or something that when you want to sell you'll just get a headshake and a "there's not a lot of call for those these days I'm afraid", who can tell? Edited by Tom Goodheart
12/28/2013 10:30 am
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Pillar of the Community
United States
1200 Posts |
Nobody can be certain of what'll enjoy the best value retention or appreciation in the future. I wish I was, but unfortunately it's only my hindsight that's 20/20.
Kooks and Perth Lunars have held value (&/or appreciated) well so far. Pandas also have so far, but their mintage numbers have skyrocketed in recent years. That
makes me wonder about the future of their value-holding/appreciation track record, although past, low-mintage years should remain solid. There's a vocal Elephant-
lover's group in this forum, but I don't see that in other forums. In addition, my LCS's view and treat Elephants as generic silver, so I'm not betting the farm on Elephants.
The bottom line of it all is simple -- you roll the dice and hope for the best. Good luck.
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Pillar of the Community
Canada
785 Posts |
I doubt it, or at least for the most part. I assume at least 90 present of bullion that came out in 2014 will not sell for or over there puchace price in 10/20 years. It is really a gamble so if you like the coin get it but if you just want to invest in them there are many wiser investments out there.
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Bedrock of the Community
13014 Posts |
I agree with what the others said, get it if you like it but there's much better investments. I suspect some of it will probably catch fire at some point for a short period of time and some will just stay flat forever.
Pricing is really just supply and demand. Lower mintage mean less interest needs to occur to raise prices, but there's plenty of things with minuscule mintages that never get the interest to really drive the price up.
Even if they were to gain value over the next decade or two you also have to consider how much value over that period. If you buy something now for 40 and sell in it 20 years for 45 thats not really a good return.
Look at stocks for investments and save the bullion coins for enjoyment.
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Pillar of the Community
United States
3789 Posts |
Two things-
I first wanted to address one of things Mr Fat Fred mentioned regarding the Somalia elephants-
1- Any coin shop that gives you only spot price for a Somalian elephant, I guarantee you, will sell that same coin for a nice premium over spot because they are highly desired and carry a nice premium. Dont deal with a coin shop that considers Somalian elephants as only "rounds".
Somalia elephant coins are legal currency, not rounds. These coins remain and will always have a high following and command a market premium. They are better than Pandas.
If you are going to invest, look away from silver and gold coins and look at other assets. Prices remain in a strong downtrend and that will not reveres quickly or over night.
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Pillar of the Community
United States
1653 Posts |
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in the far future these will be seen as just bullion or the will be still increasing in value? Novelty bullion coins will be worth melt. No one is going to care if your round has a maple leaf, eagle, or elephant, and REALLY won't care if it's an Early Release First Strike Triple Reverse Proof MS72 with a special paper label in a fancy plastic case. |
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Pillar of the Community
United States
1200 Posts |
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Any coin shop that gives you only spot price for a Somalian elephant, I guarantee you, will sell that same coin for a nice premium over spot The LCS in question both buys and sells Somalia Elephants at generic silver prices. They don't buy them as generic and sell them at a premium, so your presumption is incorrect. Quote:
Dont deal with a coin shop that considers Somalian elephants as only "rounds". We're all free to choose what LCS's we deal with based on whatever criteria we like, but I prefer to make my choices based on broader, more rational and unemotional criteria than how a shop treats one single world bullion coin. The LCS in question is an ANA member and a US Mint Dealer. They've been in business for >80 years and they have a superior reputation and a staggering inventory. They're the dominant LCS in a 60-mile radius, their buy margins and sell margins are as reasonable as could be hoped for and they treat their customers fairly--- although they do choose to treat some world bullion coins as rounds, which is fine by me. I always buy all the Libertads (which they also treat as rounds) I find in their generic silver box. When deciding whether or not to do business with a LCS, I think it's prudent to make judgements based on broader and more objective criteria than how a shop treats one single world bullion coin. I think the shop's local reputation, amount of time in business, position/record in the numismatic community and pricing policies count a great deal more than how they treat any one particular coin. |
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Bedrock of the Community
13014 Posts |
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The LCS in question both buys and sells Somalia Elephants at generic silver prices. Thats actually not that uncommon. Some dealers treat the 5 oz ATB P pucks as just bullion too. If they dont have a local market for more niche items like those all they care about is the metal content. They would likely be better off selling them online for a premium but theres still a good number of stores without an online presence. They may also just figure its not worth theyre time. They buy it more to get people in their shop and if they can make a few bucks off the metal theyre happy. |
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Pillar of the Community
United States
1261 Posts |
I agree with the others. I can't imagine all the mint products now having much more value over bullion.
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Pillar of the Community
United States
3453 Posts |
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Early Release First Strike Triple Reverse Proof MS72  I tried looking in Tom Goodheart's crystal ball but he hogged it. I truly think that anything above spot will be at the whims of supply and demand. There are fads that come and go (all this first strike foolishness makes my head spin) so timing is key when trying to sell above spot. I wish I could give better advice but I have yet to part with anything and am trying to figure out how to take it with me. |
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Pillar of the Community
United States
1200 Posts |
Did my last LCS visit of 2013 today and picked up five Libertads at the generic round price level. There's actually a lot of good to be said about LCS's that sell
some different world bullion coins at generic round prices. It's too bad they don't also sell Britannias, Kookaburras, Perth Lunars, Philharmonics and Maples at
that level but I can't expect them to sell everything at their lowest price level.
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Pillar of the Community
Canada
814 Posts |
I used to collect pandas but I stay away from them now because of the amount of counterfeits out there......it will be harder to resell pandas for the worry of getting a counterfeit. Recently I bought a 2012 panda from China and it was counterfeit. SML's are good I know they have counterfeits also but not as heavy as some other bullion and the new security features on SMLs will make it a lot easier to resell.
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Pillar of the Community
Canada
746 Posts |
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I used to collect pandas but I stay away from them now because of the amount of counterfeits out there......it will be harder to resell pandas for the worry of getting a counterfeit. No doubt about that. However, if one has the original and knows it is indeed real, wouldn't it become that much more valuable and desirable? I love collecting the Pandas!  Counterfeit is everywhere but there are ways to test and confirm the real thing. It does make trading more difficult and challenging, but that tends to hold true for most if not all valuables, especially these days...  Some food for thought... |
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Replies: 14 / Views: 2,545 |
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Posted 12/28/2013 10:30 am
