Deal Or No Deal? You Decide! - Coin Community Forum

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Author	Replies: 5 / Views: 1,523
4504 Valued Member United States 379 Posts	Posted 10/17/2016 8:05 pm ok, recently I was "educated" by some members of this board in regards to the polish niue mint... had no idea of this mint before, but sure do now. anyways, I do really like their 3-d triangle or whatever pyramid coins, even tho I saw on another website the obverse designer of the queen (if it was really him) said that it was not his design of the queen. well, who cares... http://news.coinupdate.com/niue-the...-coins-4437/ anyhoo, I have been sleepless and trembling at night wanting these, there are 2,200 of the silver ones and only 299 of the gold-plated pramids. I was resolved to buy the gold plated version until I saw this... (btw, I am familiar with mintages... some never even come close to their advertised mintages... or go over. don't believe everything you see in Krause. it is not the bible.) http://www.ebay.com/itm/Niue-Island...AOSwRLZT4VHu $1 shy of $1,500 for the gold-plated version?! for 3 oz of silver with a 24k plating? talk about maybe the worse numismatic value of our time... about $60 of melt value plus a "premium" of about $1,400 or so? $1,400 for 3 ounces of silver and and roughly $10-$20 plating of gold? HAHAHAHAHA. of course, it was one (and who could blame him or her) of those "make offer" coins. (in ebay language, when you put a "make offer" on your coin, you are hoping for some impatient person to come along... the "make offer" listings are for speculative reasons... "now how much would you pay?! hey, I do not have a real problem with this... I have seen several "make offer" coins that were definitely worth it at the "asking price". I even offered the seller $454.00. no dice. ok, so I was fumbling around the world-wide interweb and found a dealer in California who deals with coin mints all over the world... and saw this... https://firstcoincompany.com/S/niue...-plated-6-oz my price, for both the silver AND the gold-plated version, is $970.00 --- small discount for using discount code --- 10% off of their regular price --- no shipping, handling, mailing or "customs" fees (comes from Poland) --- no large "sales tax" (well, it is $10, the dealer absorbs the rest),I live in the same state as the dealer). ok, to sum it up... $970 for both versions. mike p.s. my thanks to those who specialize or have an interest in NIUE coins or precious metals items, such as the eggs, etc. I had no idea of how hi-end they can actually go... many many thousands for some of their"eggs"? (like those expensive fabre-jay or however you spell it eggs). my brother believes in bullion... I believe in numismatics. he does have a point... how do you slice up a pyramid when the zombies invade? plenty of canned food, bottled water and a diesel generator, plentiful diesel supply... and a gun or two with lots of ammo.... $970 for both silver and gold-plated pyramid versions, 3 oz of silver each, total 6 oz... APMEX has several of the silver versions for $432. what is it about these pyramids... is it design genius and/or exclusivity, difficult to make, designer/maker status, consumer ignorance, or is silver in Poland worth 10 times than anywhere else? DEAL, OR NO DEAL? Edited by 4504 10/17/2016 9:04 pm Report this Post to the Staff

oriole Pillar of the Community Canada 5244 Posts	Posted 10/18/2016 07:46 am Personally, I could not see paying such a huge premium for modern coins, however clever the design. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 10/19/2016 7:05 pm It's silver. You have to be romantically in love with that piece to pay that much. Don't be crazy. Report this Post to the Staff
stud722 Pillar of the Community United States 1088 Posts	Posted 10/20/2016 1:52 pm I would have to agree with the two before. That is a very high premium. It would be hard for me to rationalize paying that amount for a modern silver piece of that weight. But to each their own. Report this Post to the Staff
4504 Valued Member United States 379 Posts	Posted 10/20/2016 10:14 pm all true. cannot figure out that these are so $. the fortunas look nice too, but I do not buy the egss... it is obviously beyond way-overpriced now, but what about when silver will be worth $4,000 an ounce! I saw that in an internet precious metal dealer. gold will be at leat $20,000 an oz! funny, I have been hearing this stuff for a while now... but anyways.. mike p.s. you laugh at me now, but when or if I do make the purchase, you will all feel future regret that you did not buy $60 of silver for $340, and the gold-plated one for another $500! hahahha. I plan on soon opening an internet conspiracy precious metal web site! it if fun to believe in such stuf, and big foot and aliens and such... I got 10 ounces of rhodum bars what was once worth $100,000 before it completely collapsed to below 1,000 oz within days.. I think it was one of those insider things and involved some used car salesmen? about 10 years or so again, kitco historical charts show the long past prices. fun to think about. hey, I will take offers on the rhodium, my kid needs a lot of teethwork, no insurance. mike Report this Post to the Staff
4504 Valued Member United States 379 Posts	Posted 10/20/2016 10:29 pm so, of course, when rhodium was on its very fast rise to the top, I bought it when it was, at the times, seemed to be a very good bargain at $6,000 an oz on its way to $10k, I should have had a mandatory cut off sell price at %9k. ok, just kidding... rhodium is fun and is a bi-product of platinum as most of you already know. it is on a scarcity scale of only being a small fraction development of platinum, so small an amount that there are no rhodium-only mines that I am aware of. its just garbage left over from the platinum, and frequently is advertised as "white gold". there is no such thing as white gold. processed rhodium on rings and jewelry (also was used in electrical connections and catalytic converters). "white gold" jewelry and rings and such usually have to re-plate them with rhodium if worn everydays bc the peeps who replate rhodium still act like it is $10k an oz, and spread it kinda thin so that it rubs sooner than later If worn a lot or gets wear against it (like human skin). why I am saying all of this? you guys already knew this. Report this Post to the Staff
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