Posted 03/10/2018 5:00 pm
Best to buy modern silver proof product in the after market.
All mints around the World add a very high premium over silver value to cover
1. high quality die making (even higher cost per coin, with low mintage numbers)
2. high quality packaging
3. marketing costs, to cover a wide targeted market area
4. commercial profits.
A lot of effort is expended on the first two points, to increase collector appeal.
At my local coin shop, I take all of the Mint sponsored brochures free to the customer, that advertise new mint product, because I enjoy reading this material. I like to see what may come up in the aftermarket, months or years later.
Mints are sometimes given to produce product that commemorate frivolous subjects, but I think OK in these two cases.
The secondary after market does not have to worry about any of these four factors, but there is a low level risk with high quality proof fakes. Supply and demand market forces apply.
I have bought a few .925 proof sterling silver proof crown sized coins at coin shows, at not much above their melt value.
Also seen public auction lots of .925 proof silver crowns estimated at very small margins above their melt value.
In these cases, the auctioneer makes his profit out of the buyer fees.
At my local coin shop, I usually take Mint sponsored free brochures, that advertise new mint product, because I like reading this material, and to get some idea of what may come onto the numismatic after market, months or years later.
All mints around the World add a very high premium over silver value to cover
1. high quality die making (even higher cost per coin, with low mintage numbers)
2. high quality packaging
3. marketing costs, to cover a wide targeted market area
4. commercial profits.
A lot of effort is expended on the first two points, to increase collector appeal.
At my local coin shop, I take all of the Mint sponsored brochures free to the customer, that advertise new mint product, because I enjoy reading this material. I like to see what may come up in the aftermarket, months or years later.
Mints are sometimes given to produce product that commemorate frivolous subjects, but I think OK in these two cases.
The secondary after market does not have to worry about any of these four factors, but there is a low level risk with high quality proof fakes. Supply and demand market forces apply.
I have bought a few .925 proof sterling silver proof crown sized coins at coin shows, at not much above their melt value.
Also seen public auction lots of .925 proof silver crowns estimated at very small margins above their melt value.
In these cases, the auctioneer makes his profit out of the buyer fees.
At my local coin shop, I usually take Mint sponsored free brochures, that advertise new mint product, because I like reading this material, and to get some idea of what may come onto the numismatic after market, months or years later.
Edited by sel_69l
03/10/2018 8:32 pm
03/10/2018 8:32 pm
