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 Replies: 14 / Views: 3,305 |
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Pillar of the Community
Canada
576 Posts |
I've gone over old topics here and across the net and everywhere I look people in discussions stated that the olympic silver coins can be bought for near melt. I've always admired these coins and to have them would be a perfect way to satisfy both the collector in me and the silver stacker.
I've been all over and everyone that has these sets are charging at times a very high premium. Have I missed the Olympic silver boat?
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New Member
Canada
37 Posts |
Looking at the completed listings on ebay.ca shows most of the Calgary sets were selling between 300 & C$350 (plus S&H). I've also seen them in pawn shops and on kijiji (of course I live in calgary so maybe that helps :-) ). While those prices aren't 'spot', they may only be a 3 - $5 premium above what a SML sells for. |
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Pillar of the Community
United States
1200 Posts |
The people who are always trumpeting about how you can buy different things for near-melt prices are never the people selling those items and the sellers never seem to share that opinion with the trumpeters. Check the prices that the "sold listings" went for on ebay to find out where the (usually high retail) selling prices have actually been. Good luck with your hunt! |
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Pillar of the Community
 Canada
576 Posts |
I've seen the Calgary set recently for less than $300 but the shipping breaks the deal. I'm in no hurry and in time I'm sure I'll find a deal that is fair to both the seller and myself.
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Bedrock of the Community
13014 Posts |
Quote:
he people who are always trumpeting about how you can buy different things for near-melt prices are never the people selling those items and the sellers never seem to
share that opinion with the trumpeters. Truth. Theyre usually the same people saying all ASEs are nothing more than bullion too |
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Pillar of the Community
Canada
576 Posts |
I have a couple of proof ASEs, they are some of the most beautiful coins on the planet. It would be a shame to lump them in with more common bullion.
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Pillar of the Community
Canada
2805 Posts |
I am also hunting for these mythical melty Olympic coins!! Surely the Calgary coins cannot be worth less than $20... I only have one in the original green velvet case but it was a treasured gift from a relative (apparently they were given to some IBM employees as a gift back in the 80s). At the upcoming Edmonton show tomorrow I will have to look for these coins at melt value, we'll see if they exist at that price.
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Pillar of the Community
Canada
576 Posts |
Keep us informed of what you learn at the coin show. I have one double coin set (Calgary). I'm a fan.
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Pillar of the Community
United States
1454 Posts |
Gotta agree with Double F. It's very difficult to buy proofs for anywhere near spot, EVER, outside of buying from a LCS that's still lost in the mid-20th century and hasn't yet embraced the utility of an ISP.
I bought a Canada 1975 Montreal Olympic $10 Commemorative Proof for $22, but that was in 2009 when silver was in the $17 range and I was very fortunate did get it even that cheaply. The five Calgary Olympics coins from the 1980's were all bought at virtually the same price (for .4 oz. less silver) as the 1976 Olympics coin. Again, at a minimum of $5 over spot for coins that, I think, are all sterling; not that their lesser fineness ever seems to be represented in the price one pays.
But in general, paying any more than $5-7 over spot for Olympics coins isn't a good idea. Much like coins commemorating sporting events, one hardly ever sees a great deal of growth potential with such coins. Don't know why but that's what I've gathered over the years.
Edited by traevin
02/28/2014 6:41 pm
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Pillar of the Community
Canada
4227 Posts |
It's been quite a long time since I've seen any at melt. I remember going into a coin show in Halifax in the lste '80s early '90s (don't exactly recall when), but the Montreal coins were selling at face ($5 and $10) because they couldn't deposit them at the bank and silver was so low. I never cared about silver stacking, so I only picked up a $5 one for the design. Sold it later for a profit, but it would have been nice to have picked up more.
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Pillar of the Community
United States
2637 Posts |
Well, I am in the US (as my name would suggest), and the Canadian Olympics bring below melt when sold to coin dealers, and sell at or slightly above melt.
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Pillar of the Community
Canada
2805 Posts |
What I have found - these coins aren't sold at melt price. With a $20 face value and an ASW of 1, they will surely maintain at least $20 value.
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Pillar of the Community
United States
1454 Posts |
Nal, They're actually .925, but I agree with your point. I haven't had the good fortune of finding them at spot. But if I did, I'd probably buy them up and consider reselling them on ebay. Might net a few shekels. |
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Pillar of the Community
Japan
666 Posts |
in Japan
Montreal - below spot.
Calgary - above.
When silver was at $30+/oz I was buying these coins at pretty good discount. All of them has gone for better coin trades. As of now I'd buy them at 20% discount. <Japanese perspective>
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Pillar of the Community
Canada
576 Posts |
Not a great deal as far as silver (bullion) goes but I picked up a Montreal BU set in in the box in great condition (4 coins) for $110.00 Canadian. I'm pleased, both the stacker and Nu collector is happy.
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Replies: 14 / Views: 3,305 |
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Posted 02/28/2014 2:10 pm
