First Page
Posted 06/09/2015 12:38 am
OP, as others have already mentioned. Please post the coin you are referring to. Others have made good points in the fallacy of not posting the coin in question such as:
So, let me make one more point. If I really wanted to steal this one from under you, I could simply search on ebay for a 2008 5oz silver coin, then by making two separate searches, one in the price range of $600-$800 and another in the $1200-$1400 range, I could cross-reference to see which coins show up twice and that would be the coin. You have provided enough information already in your post for any collector worth his salt to find that coin. All in the matter of 5 mins or less. Now, as I'm sure you've realized based on the very negative response you've gotten here, none of us are really interested in paying $700-$1300 on a 5oz even if it had a low mintage (which, as I already stressed, does not make it close to worth what the seller(s) are asking). The silver value of this coin is only slightly more than $80USD.
See, the issue is, and this is why you will find that classic coins, some of which were minted in the hundreds of thousands or even millions, are worth more than modern coins who have a fraction of the mintage, is survival rate. The market of coins works on supply and demand. When Supply > Demand, price goes down, when Supply < Demand, price goes up. In your case, while the mintage may be low, modern coins survive almost indefinitely almost 100% (unless intrinsic value exceeds numismatic value, in which cause, who cares anyway?). What I'm saying is, a mintage of 2500, a mintage of 10,000, they mean nothing for modern coins because these coins simply aren't rare. None of these coins, unless their mintage is less than 100, will stop showing up on the market, and as the dealer and collector frenzy dies down, the price will only go down. Again, if you're looking into this as an investment, and that is the message I got from your post, then this is a very bad idea. If you are only looking at it as a collector, it is still a very bad idea, but not so much so.
Let me illustrate my point. Here is a 5oz silver coin, mintage of 100, selling for less than half of the 700 being asked by the seller of the coin(s) you are referring to:
http://www.ebay.com/itm/2013-5-OZ-F...em3f4e19101d
Quote:
if you are worried about someone buying the coin out from under you, you can relax. collectors dealing in $1000 coins will actively search them out if they want one. again, if it was a good deal/high demand you would be looking at a SOLD listing instead of an active listing.
if you are worried about someone buying the coin out from under you, you can relax. collectors dealing in $1000 coins will actively search them out if they want one. again, if it was a good deal/high demand you would be looking at a SOLD listing instead of an active listing.
Quote:
Why won't original poster even give us the name of this coin? Is he afraid someone here is going to swoop in on the ebay and buy it from under his nose? If you make a thread to ask the forum a question then at least do the courtesy of giving us the details of what you're looking for and not just a vague and nonsensical description.
Why won't original poster even give us the name of this coin? Is he afraid someone here is going to swoop in on the ebay and buy it from under his nose? If you make a thread to ask the forum a question then at least do the courtesy of giving us the details of what you're looking for and not just a vague and nonsensical description.
So, let me make one more point. If I really wanted to steal this one from under you, I could simply search on ebay for a 2008 5oz silver coin, then by making two separate searches, one in the price range of $600-$800 and another in the $1200-$1400 range, I could cross-reference to see which coins show up twice and that would be the coin. You have provided enough information already in your post for any collector worth his salt to find that coin. All in the matter of 5 mins or less. Now, as I'm sure you've realized based on the very negative response you've gotten here, none of us are really interested in paying $700-$1300 on a 5oz even if it had a low mintage (which, as I already stressed, does not make it close to worth what the seller(s) are asking). The silver value of this coin is only slightly more than $80USD.
See, the issue is, and this is why you will find that classic coins, some of which were minted in the hundreds of thousands or even millions, are worth more than modern coins who have a fraction of the mintage, is survival rate. The market of coins works on supply and demand. When Supply > Demand, price goes down, when Supply < Demand, price goes up. In your case, while the mintage may be low, modern coins survive almost indefinitely almost 100% (unless intrinsic value exceeds numismatic value, in which cause, who cares anyway?). What I'm saying is, a mintage of 2500, a mintage of 10,000, they mean nothing for modern coins because these coins simply aren't rare. None of these coins, unless their mintage is less than 100, will stop showing up on the market, and as the dealer and collector frenzy dies down, the price will only go down. Again, if you're looking into this as an investment, and that is the message I got from your post, then this is a very bad idea. If you are only looking at it as a collector, it is still a very bad idea, but not so much so.
Let me illustrate my point. Here is a 5oz silver coin, mintage of 100, selling for less than half of the 700 being asked by the seller of the coin(s) you are referring to:
http://www.ebay.com/itm/2013-5-OZ-F...em3f4e19101d
Edited by zxcccxz
06/09/2015 12:44 am
06/09/2015 12:44 am
... Stick with us and in no time your knowledge will grow and be refined! Oh and just a disclaimer, ccf is very addictive & a ton of fun!
