Was This A Good Purchase, Or Did I Just Buy Bullion? - USSR Ballet Proof

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Author	Replies: 7 / Views: 1,227
christians86 Valued Member Norway 61 Posts	Posted 03/08/2016 06:12 am Before bidding on the auction I googled these and found references to these being the only one minted during the USSR periode, and that they usually went for quite a lot of money. But it seems quite hard to find much about them. http://www.ebay.com/itm/USSR-1991-R...291330190504 I purchased mine ungraded from a known auction house. So the link above is as example. Mine is to be sent for conservation and grading. Report this Post to the Staff

nss-52 Moderator United States 54280 Posts	Posted 03/08/2016 07:07 am Well, the set together weighs ~ 26.44 grams (about 85% of one troy ounce). "Was this a good purchase, or did I just buy bullion?" You DID buy bullion, but if it was a good purchase depends on additional information. How much did you pay? How do you define "good purchase"? Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Report this Post to the Staff
christians86 Valued Member Norway 61 Posts	Posted 03/08/2016 08:23 am Why is it bullion then? As far as I can find some places says its not considered that, and auction sites reveal other prices. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 03/08/2016 10:27 am That set is certainly more than just bullion. If you paid anywhere between 120-140% of spot, you still have enough left to send the three in to a TPG and still have a nice set at a good price. Close to double spot is probably the most common price these sell for as a set if they are "loose" but unimpaired. Report this Post to the Staff
christians86 Valued Member Norway 61 Posts	Posted 03/08/2016 11:34 am I paid 300 usd ish inc buyers fee and shipping over spot..then it was a good price :) Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 03/08/2016 11:47 am You sure they were genuine at that price? Edited by TypeCoin971793 03/08/2016 11:48 am Report this Post to the Staff
christians86 Valued Member Norway 61 Posts	Posted 03/08/2016 12:34 pm Its bought from Great collections, so I assume they stand behinde it - that means they wouldn't auction of if reason to belive otherwise, and it comes with certificate (if that counts). But I partially think I sniped it from another person not looking, because I placed my bid when 60 seconds to go in front of some 30 other people bidding.. Edited by christians86 03/08/2016 12:35 pm Report this Post to the Staff
nss-52 Moderator United States 54280 Posts	Posted 03/08/2016 2:17 pm Quote: Why is it bullion then? Any solid slab of precious metal can fairly be called bullion. If you buy a COIN for just its precious metal value, what are you buying if not bullion? If you pay more than the precious metal value, then you are attaching a premium to the COIN for whatever reason (beauty, rarity, demand, resale prospect, etc.). You did not answer how you define "good purchase". In the example, they are ASKING $3,780.00 for .85 ounce of gold. The precious metal value is $1,071 (at the moment I type this). If you paid, say, $1,400, then you paid more than the precious metal value, but less than what that seller is ASKING. You may have paid just 37% of what a seller is asking. Does that make it a "good purchase"? Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Edited by nss-52 03/08/2016 2:21 pm Report this Post to the Staff
	Replies: 7 / Views: 1,227

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