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 Replies: 9 / Views: 1,684 |
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New Member
Australia
1 Posts |
Hey everybody, I bought the first coin in the collection of Silver Commemorative Collect - First World War (link : http://www.macquariemint.com/SILVER...ctview.aspx)I was wondering if something like this is would be worthwhile to buy in the long run, would the value of it go up? The only one of the coins that is limited is the golden one, 14 carat gold, (Gallipoli landing, $199), at 5,000 units available. Each other silver coin is $59.99. Anyone that could help evaluate this for me would be a great help to me. Thanks to any who are willing to help :) |
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Pillar of the Community
 United States
4593 Posts |
Typically these manufacturered "rarities", i.e. made for collectors products rarely have a premium over the precious metal value in the resale market.
Instead they trade as generic silver 1oz bars or rounds, worth spot. So I can't recommend spending $60 on $12 or $15 worth of silver.
But if you can afford it, don't expect to get rich or leave the heirs a fortune and it makes you happy? Enjoy!
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/Edited by BStrauss3
04/24/2017 08:30 am
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Moderator
 United States
188770 Posts |
 to the Community! I moved your post to the appropriate forum for the proper attention.  |
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New Member
 Australia
1 Posts |
Thanks Burton for the help, it's much appreciated. I do enjoy collecting coins but I'm new to it so I'm not sure what's worthwhile and what is not. Thanks again.
Thanks jbuck too for helping me out.
Edited by CoinNooby
04/24/2017 09:26 am
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Moderator
United States
188770 Posts |
No problem. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
I was wondering if something like this is would be worthwhile to buy in the long run, The simple answer is a definite NO |
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Pillar of the Community
United States
4593 Posts |
NP - this is why most of us hang here, to answer questions.
For me, it's because it forces me to research things so I can give decent cites not just off the cuff...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
4211 Posts |
I have my share of coins of this type that I bought "just because I like them." I know that if I got in a bind and had to liquidate or when the time comes and my son sells off what he doesn't want to keep that the price I paid is going to be a LOT more than the coin will sell for at that time. So I try and purchase things that interest me but also purchase better "values" to mix it up. So, to answer your question, no I do not think it will go up in value. Most likely to decline by half or more. |
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Pillar of the Community
Australia
7096 Posts |
The Macquarie Mint is not a government mint and if you look closely at the Silver purity for these WW1 coins you will see that they are only .33% Silver and 16.5g at $29.95 a pop you are paying over $100 per oz for these. So I repeat my first answer, A DEFINATE NO on these  http://www.macquariemint.com/SILVER...uctview.aspxEdited by trout1105
04/25/2017 6:18 pm
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Pillar of the Community
United States
3184 Posts |
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Replies: 9 / Views: 1,684 |
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Posted 04/24/2017 09:14 am
