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Investment Coins

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New Member

United States
25 Posts
 Posted 12/10/2014  6:36 pm Show Profile   Bookmark this topic Add jastratton to your friends list Get a Link to this Message Number of Subscribers
I would like to know what my best option is for investing with silver? Should I buy bullion or graded coins? Any input would be greatly appreciated.
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United States
589 Posts
 Posted 12/10/2014  7:26 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply
Bullion over graded coins, for sure. Unless you have tons of money to buy the super-rare coins that tend to increase in value when sold at auctions in the same year, bullion is better...especially if you want it highly liquid, gold/silver shops pay spot regardless of what it is, whereas you have to find the right buyer to pay premiums on coins. Additionally, bullion can be bought for a great deal cheaper than coins (especially if bought in bulk, and more so if bought when a company is running a sale when prices drop).

However, I'd suggest NOT buying right now. Silver (hopefully) will rise a little more (I'm looking to liquidate very quickly here and need prices just a tad higher), but all the forecasts are predicting another turn downward for the first half of 2015. So, it all depends on what you want to do, but remember: buy low, sell high! Do a LOT of reading before you do anything, and good luck!
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pocket change 50's Avatar
Canada
1751 Posts
 Posted 12/10/2014  11:04 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
jastratton, it's extremely difficult for the average person to make money from coins. One would need to be an advanced collector and know what rare coins to collect.
Before buying coins as an investment , read, read, and read. Collecting coins because you enjoy them is different. A person is comfortable with potential loss.
You'd also need to talk with many long time collectors.

Finially silver could drop lower and stay this way for years.

There's a member; Yup7676, he's a metals day trader and has a tread under the precious metals forum, read it. There is sound advice in what he says. In a nut shell, it's not wise to buy tons of silver while it's in a down trend. Once it's proven to be on a steady climb up, then is the time to start purchasing.
Reason is there's other better investments currently, and second buying silver while it continues to keep dropping equals losing money. Example people who bought at $20-$22 have losses now. Silver can continue to drop, and it's uncertain when it will rise above $22.

When buying bullion try and buy the low Mintage coins as they can be semi numismatic and sell for a premium above spot. However, to learn the ins & outs of bullion, again takes loads of reading and talking to knowledgable collectors.
I hope you enjoy your time on the forum. It's a great place, with friendly and knowledgable folks.
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austrokiwi's Avatar
2087 Posts
 Posted 12/11/2014  01:04 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply
Bullion coins are not investment coins! They are speculation coins. Investment coins generally start at a value of US$10,000 and go up from there. Like fine art investment coins need a story behind them. Investment coins are generally recession proof( there are always exceptions to generalisations) Buying Bullion coins, at the moment, will make you a small fortune: so long as you start out with a very large fortune!
Bedrock of the Community
United States
20753 Posts
 Posted 12/11/2014  10:20 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
All coins and bullion stuff is just a gamble. Sort of like the stock market. Maybe good, maybe bad. Just not a good way to invest. Mostly the problem I see with coins or bullion is just how to liquidate. These are items that are easy to buy but not so easy to sell. Some do and some just loose out. Like buying an old oil painting. You just don't know unless your in that life style.
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