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 Replies: 13 / Views: 1,982 |
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Valued Member
United States
160 Posts |
Not sure if this post fits better here or the precious metals forum. Was curious how many buy particular silver coins with the purpose of getting numismatic value along with bullion value together? Buying junk silver sort of gives you that combination, but what other specific collectible modern coins do you buy to get the same advantage?
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Pillar of the Community
Canada
586 Posts |
Very popular here in Canada is the silver maple with privy. The privy in this one is the rooster on the coin, they come with different Privy's. They usually sell for higher then spot price and I have seen some rare Privy's sell for almost 3 times spot price. As for other modern coins the RCM ( Royal Canadian Mint) has a lot of pure silver coins that sell for above spot price. But I don't think anything beats the CC (Carson City) mintage US Morgans.  Edited by TheBurnz
11/15/2017 08:19 am
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Rest in Peace
United States
17900 Posts |
American Silver Eagles are one of the top collecting series. Not a lot of chance for the bullion to gain much numismatic value now, but the many proof, burnished, and special collector issues do quite well. ASE are almost always $2+ over bullion, but they are extremely popular. |
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Pillar of the Community
United States
6130 Posts |
Common date, high-ish grade (XF-AU) Peace and Morgan dollars fluctuate in value along with bullion prices, but they would retain numismatic value if silver somehow manages to go under $15/oz again. |
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Moderator
 United States
188770 Posts |
Quote:
Not sure if this post fits better here or the precious metals forum. I moved it to see if it gets more hits.  |
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Valued Member
 United States
160 Posts |
Thanks jbuck, should have probably been here to start with!
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Valued Member
United States
160 Posts |
Finn235, yes common Morgan and Peace dollars in high circulated grades would be one of the better choices. Large old silver coins just under an ounce, that have a huge following, always have and always will I think, and prices do creep up over time and hold their value pretty well even when bullion is in the dumps. |
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Moderator
United States
188770 Posts |
Quote:
Thanks jbuck, should have probably been here to start with! No problem.  |
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Valued Member
United States
160 Posts |
Don't know why I never spent much time at it before, but lately I have been watching ebay for bargains in the silver 5 coin State Quarter proof sets. If you are persistent at it, you can sometimes get them for just a little bit over melt value. Even some of the low mintage silver proof Kennedy's can be had for a couple dollars over melt every once in a while. |
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Pillar of the Community
United States
3789 Posts |
Without getting into specifics I will just say this based on observations,- IF you trying to buy silver bullion coins and looking for that numismatic premium/value, here a few characteristics in the coin you should be looking for - 1- Low Mintage, it seems like the market, or collectors, you could say, are looking for 25K and less mintage. So look for silver bullion that is below 25K or less. In the past some winners were the Rwanada Africa, SOmalia elephants, recently the Perth Mint silver Swan (25K).... the Rwanda and Somalia elephants in the beginning had 5K mintage's and climbed from there 2- Look for the first in the series coin 3- The coin must look good on its own, it should strike you as different yet wonderfully made. I have seen many low mintage silver bullion coins and they tend to do NOTHING, and thats because the silver bullion coin wasnt made that well. To me, these are the 3 most pronounced characteristics found in silver bullion coins that appreciate in value over time. You may want to also look at silver bullion coins that carry a privy mark, but be selective, it seems a privy mark and a very low mintage number, such as staying around 10K is ideal for a winning coin down the road. Privy marked silver bullion coins are becoming very ubiquitous so choose wisely. |
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Pillar of the Community
United States
6130 Posts |
Another option would be to speculate on world coins. Lots of countries issued silver or gold coins that simply never generated a following. In particular, I believe some Mexican 5/10/20 peso gold coins can be had in low BU for melt. That used to be the case with Chinese and Japanese coins, and look where they are now!
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Valued Member
United States
160 Posts |
Hi yup, those are good suggestions, actually back in early 2000's I was buying those Australian silver 2 oz. Lunar coins Series 1, most of those mintage's were under 20,000 if I remember correctly, I got in on them pretty cheap, but they climbed in value and I did pretty well on them when I sold them around 2010.
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Pillar of the Community
United States
3789 Posts |
@jmgi
yea it really does seem like collectors want lower mintages, less than 25K.
That said, I have seen some bullion coins come to market with less than 10K mintage and they really havent gone anywhere, but then again the coin wasnt that stellar.
Thats why I think you need several elements to come together if you are looking to buy bullion coins with semi-numis attraction to get that value over time.
For sure, what was hot in the past isn't anymore. Even my favorite somalia elephants ran out of steam.
Personally I havent seen any new silver bullion series that have potential increase in value, apart from the Silver Swan.
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Valued Member
United States
245 Posts |
What you are asking is exactly my method of collecting coins now days. I stumbled onto the Mexican Libertad series and I think it fits your desires. The series regularly produces the lowest mintage numbers in the Coin World. I've been collecting the Libertad proof coins and a few bullion coins as well. Both issues offer some awesome opportunities at extremely low mintages. For example, I have the 2013 1/20th oz gold bullion in this series and it saw a series low mintage of only 650 coins. Some in this series only number 200 coins! Check out the mintage figures on Don Bailey's site. |
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Replies: 13 / Views: 1,982 |
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Posted 11/15/2017 08:27 am
