| Author |
 Replies: 16 / Views: 2,439 |
|
Valued Member
South Africa
331 Posts |
I know there is a certain coin everyone wants
So if you had a choice......
Get the coin you always wanted or
Bullion for the same amount as the coin
Example: 1794/5 Flowing hair silver/copper dollar ($10 million)
OR
gold and silver bullion for the same amount?
And what coin will it be?
I will get bullion
|
|
|
|
Pillar of the Community
United States
3468 Posts |
I would take the coin. Bullion is fine but at the end of the day it's just bullion. There's no shortage of bullion but there may only be a handful of that coin you just have to have.
|
|
Moderator
 United States
188110 Posts |
I do not desire just one particular coin, so I would get bullion just so I could sell/trade it for all of the coins that I need to fill my remaining Dansco holes.  |
|
Pillar of the Community
United States
1346 Posts |
fine:  Edited by 999fine
06/20/2017 2:40 pm
|
|
Valued Member
United States
309 Posts |
I learned about this on 1980 when the Hunt Brothers tried to corner the silver market. You buy and sell bullion but you buy and hold rare coins. Don't get attached to bullion. Dump it often when the market is up. Buy it back when the market is down. But some really great coins come along once in a lifetime. I mean not just rare and interesting coins but at the right price, that you know will go up multiples in value and always be in demand. Buying those should be a no brainer. If you wait the opportunity to get in right is gone. Only one to a customer and if you don't jump the next guy will. So do you want growth at little risk or liquidity with little growth?
|
|
Rest in Peace
United States
17900 Posts |
I would much prefer the single rare coin, although I would want it to be from my present want list, rather than some audacious monster coin that I could never afford. I always keep about 50-60 coins on my want list. Each one helps me get closer to a goal I have set. Right now, the biggest coin on my want list would be an MS-65 Hawaiian Classic Silver Commemorative half dollar. I have the money, I just have NOT been able to find a coin in that grade (preferably NGC), that I liked. I don't care how long I have to wait. I don't buy any coin even if they are "bargains" unless they are what I really want. Holding a few pounds of silver (or more) doesn't do much for me. Bullion will always be available. Rare coins are called Rare coins because you can't go to ebay and find a bunch of them for sale - at any price. |
|
Pillar of the Community
Canada
683 Posts |
Assuming I could pick My personal dream coin I'd have to go with the coin (1862 British Columbia $20 gold price, or 1870 Newfoundland bronze trial half dollar if You were wondering).
|
|
Pillar of the Community
United States
824 Posts |
I think I would have to take a 1916 SLQ. In MS 67 of course.
|
|
Rest in Peace
United States
18456 Posts |
I was never a bullion man , always a coin collector . all the silver I own are in sets and most have Numismatic value well and above melt 10 fold or more . So I will take a coin .  |
|
Pillar of the Community
United States
869 Posts |
I'm still waiting for silver to rise to $200 an ounce, like they promise on those TV ads!  Then I'll be able to finish and upgrade my Morgan collection to all MS ! |
|
Pillar of the Community
United States
887 Posts |
Bullion is boring IMO. Coins are interesting, have a history and story to each one of them. I'll take the coin. Dunno which one, but it would be a coin. Maybe an 1856 Flying Eagle in MS70? I'd still have lots left over to buy others, but that would probably be the coin I start with,
|
|
Pillar of the Community
United States
6130 Posts |
Coin all the way.
I couldn't imagine owing a single $10M coin; that kind of money would be used to finish my Roman collection, and top it all off with a Brutus Ides of March denarius, and a set of classic Greek tetradrachms.
|
|
Pillar of the Community
United States
4211 Posts |
Well I collect bullion coins and do not find it "boring" at all.
Perhaps generic bullion rounds are but not the coins.
And, since I already own a bullion collection I would most likely but a coin.
1856 FE or a 1916 SLQ or something of that nature.
|
|
Moderator
United States
188110 Posts |
Quote:
Well I collect bullion coins and do not find it "boring" at all. I agree. There is a big difference between bullion you stack and bullion you collect.  |
|
Bedrock of the Community
United States
20753 Posts |
1894S Liberty Head Dime in MS-65 minimum grade.
|
|
Pillar of the Community
United States
1963 Posts |
|
| |
Replies: 16 / Views: 2,439 |
Posted 06/20/2017 2:37 pm
