Beware Dealers That Are Moving Prices Up Today Like Mcm

well you know its been a balancing act on my end.

I didnt want to buy one because I knew prices would end up lower, and sure enough they have and are. I am sure that there is still more down side. But I have been waiting for several years now. I do have plenty of patience.

I guess, to me, another factor is, can I get it this year,,, since we should see more of a dump in prices... and I think yes.

Again, I am not looking at the coin as an investment. I am looking at it as pure lover of elephants, of somalian elephant coins, of coins that feature elephants, and I havent seen a coin this size featuring one of my favorite animals.

what I DONT want to do is buy when the dealers are busy driving up prices higher. I am going to be astute and buy when they are done driving artificially the price higher.

Let me also say dealers are entitled to do what they need too. I am all for making profits. I have no beef at all with that. Thats why the buyer has to be wise and he will get his opening. Again, for us in the collecting community, we need to be careful how we buy, that we are getting a good deal in line with falling PM prices.

MCM is the only one I have seen with the best price on this kilo coin. Every year they come up, I see them, and I say "nahhh, silver and gold are still dropping" so I scoff at it. I think yes, I buy around here and the price drops again.

However, I do like this design and this an area I am comfortable with in terms of price. I am prepared to watch it go lower, but thats ok, I am not buying for investment, I just want to get a price I see value,, and hey as I write this I think we are getting closer for what I think in my mind lol

I appreciate everyone's feedback here, love you guys!

Yup

That's been almost my same internal dialogue on a 5 ounce silver coin.

Problem for me is that I'm not in love with a design, but know the right one would look great in a big 5 ounce size. Who knows though, my attentions are so varied right now...



Love to see some photos of your elephants or rhinos.

And thanks for the reminder to watch the fine print on transactions.

@ant024

I honestly have no idea, nor opinion on it. Even if I guessed, I am sure I would be completely wrong on the price. All I do know for sure and confident is prices are in a downtrend and remain in a downtrend until they break it upwards.

ant024





Your question was not directed at me. Please Forgive if I am butting in.

I do watch back side trend lines.

The WEEKLY back side trend line in Silver is begging to breaking $10.00

so silver futures are down again... and look at MCM's price on the elephant kilo, barely budging.

YET, they want to let you know its "real prices enabled".

They keep this up, and I will refuse to buy a kilo again for another year. I want the coin but it MUST be in line with market prices for silver, period.

I realize they need to maxamize profits, I respect that. I am ALL for max profit. But not on my back, sorry.

Again, please be careful where you buy, verify you are getting a "deal" in line with prices of the metal. If you aren't, dont buy. Silver is NOT going out of supply....

I know its hard.. look at me, patiently waiting for years to get a kilo. I need more patience....

I said I was going to pick up some silver at $16+ per oz.

I didn't!

Now that silver came below $16, and I am watching on the side line again.

I am not sure if dealer willing to break even or lose money in this down turn market for these collectibles, even though some consider them bullion.

@Macmercury

I see that!!

HOWEVER, it still is not near 698... when silver was much higher this was the price they had it listed at.

I think as silver slides here, less folks will step in to buy, as they are going to not enjoy the feeling of buying, finding prices dropped more. What happens when they find out dealers aren't dropping the prices in line with PM prices as well.

I am in stalking mode....