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Replies: 12 / Views: 1,948 |
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Pillar of the Community
United States
880 Posts |
Do you guys find that the certified ASE's hold their premiums as silver prices go up and down? I haven't dealt with them certified before. I do know that they tend to hold their premium when not certified... regardless of silver price. This has been my experience though.
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Valued Member
South Africa
67 Posts |
Dont think so they will run with silver price thats my opinion anyway BUT stock up on them what I do is buy all the coins of the world for the year but in my experience ASE is the most beautifull coin ever made, I have a ASE pocket piece and it never leaves my side even in bed!
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Pillar of the Community
Canada
3049 Posts |
There are some that pay premiums for bullion that are slabbed... IMO .. .it's still just bullion and if you get your stock new from the LCS it SHOULD be in MS-65 or greater... so I'm not exactly impressed when I see an MS-69 coin...that's bullion...
I'm of the train of thought that you shouldn't bother getting it slabbed just stack it away and wait for the day when you want to sell... that's all...
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Pillar of the Community
 United States
880 Posts |
I agree with you ag. This is more of a curiosity kind of thing and trying to diversify some of my bullion.
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Pillar of the Community
Canada
3049 Posts |
I don't what you mean by "diversify"... if you're talking about getting some generic rounds some gov't issued rounds and some slabbed rounds... to me that isn't really diversification... in the end they're all just hunks of silver in the end..
Don't buy into the "hype" of slabbed bullion... In my opinion it's the new beanie baby craze..
There are a lot of people that buy silver and gold and sweat or cheer as the prices go up and down.. silver is actually VERY erradict and can swing daily... PM's are an investment that is simply a preservation of wealth.... Really it should be a very small % of your entire porfolio.. one thing you should be holding on to.. and looking at selling upon retirement.. or making a decent GSR swap occasionally but that's really it...
Hope I didn't come off too strong shoving my opinions down your throat.. hope it helped... just hate seeing people make the same mistakes I did...
I have some slabbed silver and it's the one thing I regret the most out of my "stack"... I would much rather have the raw bullion and have more of it than getting silver slabbed or buying slabbed coins. I keep it in the very front of my S.D. box so I have to look at it all the time when I go .. to remind me of this error.
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Pillar of the Community
United States
3789 Posts |
Yes, I have to say, after coming full circle on this, do not waste your time buying slabbed bullion coins. If you buy slabs, only get coins that are proof grade. I mean really, what is the purpose of getting a MS70 silver bullion coin and then it develops milk spots. When you go to sell that coin, you will take a beating.
IN any case tho, as silver drops, the prices will drop on these as well, it just will vary from coin to coin on how popular they are. I would imagine as prices drop, buyers will step in, putting in some sort of floor in these.
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Pillar of the Community
 United States
880 Posts |
I don't buy silver to sell right away. I did sell almost all of it when it was in the $40's not that long ago, but that's because I couldn't see the price staying where it was... turned out to be a good move. I get silver is silver is silver and I guess I should be able to sell it as that when I do go to sell it again. I keep struggling to see why I would buy slabbed silver, but then I also wonder why I pay a premium for ASE's.
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Pillar of the Community
Canada
3049 Posts |
If you can buy slabbed silver for close to spot it's fine.. but there's absolutely NO way one should be paying much MORE than spot for bullion coins... now ASE's in general are gov't issued... meaning they actually do have a face value.. for ASE's I think it's one dollar... nominal but still something... gov't issued bullion sometimes has a bit more of a premium b/c they are easily recognized and you can sell them quite easily... privately or to an LCS.. with many private mint issued coins there always comes into question where the coin or bar is even legitamate.
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Pillar of the Community
United States
919 Posts |
70's always carry a premium. Anything less not worth much over unless you want to avoid counterfeits.
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Pillar of the Community
United States
1454 Posts |
I guess slabs can be decent for proofs, although I'd rather have the box and COA, which most slabbed coins don't include. But there's usually a big premium on slabbed proofs, and I prefer to sidestep that pitfall altogether. Actually when I set up my search criteria for coins on ebay, I usually censor anything mentioning "NGC" or "Slab". I have considered slabbing some of my rarer proofs if I think they'll get at least an MS69 grade and I know I'm going to sell them.
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Pillar of the Community
Canada
5417 Posts |
They run with silver price, although they do have a min value because they are certified. I remember certified ASE's were selling for ludicrous prices back when silver was $40 per oz.
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Bedrock of the Community
13014 Posts |
Im going to assume that you mean the bullion ASEs and base my response off that. Its true that the ms69 ones does see swing with silver spot as well though they generally do trade at a premium. The 70s seem to have bottomed out around 50 or so dollars and do have a numismatic aspect that should shield them from small movements. I would suggest though looking more into numismatic items if the price swings bother you. For example a vf seated liberty isn't going to go down in price because silver dropped a couple bucks. Quote: If you buy slabs, only get coins that are proof grade. I mean really, what is the purpose of getting a MS70 silver bullion coin and then it develops milk spots. When you go to sell that coin, you will take a beating. The milk spotting can actually be seen on all of them now to varying degrees. The mint either changed something or is just rushing them out which is what causes it. The only real way to have a very good chance of avoiding it entirely is to buy ones from several years ago. If its sat in the slab for several years unchanged it will probably stay that way. If it was just slabbed theres a bit of a risk. But if its happening to every single one someone has it may be something about their environment or something in their home causing them to react in which case they would be better off buying something else. Like if you live in hawaii buying high grade red copper isn't a good idea, its almost assured to turn brown. If its just a handful of them though its more likely its just bad luck for the ones you got
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Pillar of the Community
Japan
666 Posts |
I have sold all my certified coins, even proofs and replaced them with raws and kept some cash ... the reason is sooner or later coins in slabs start developing tarnish, toning, etc, that reduces the real grade
As T. mentioned it is good idea to slab coins from own collection as high grade increase value ... making next step - sell the coins and buy unslabbed ones
P.S. currently slabs make sense only for chinese coins and XIX and earlier coins
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Replies: 12 / Views: 1,948 |
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