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 Replies: 12 / Views: 3,803 |
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New Member
United States
7 Posts |
Poll Question
I'm curious to know what everyone prefers as a collection type: Numismatic value mainly, or Intrinsic . Vote which in your opinion is a better investment. I would like to talk about this topic as well.
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Pillar of the Community
United Kingdom
2133 Posts |
I suspect you mean Intrinsic not Intristic.
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Pillar of the Community
 United States
7941 Posts |
I think you've asked two very different questions!
1. "what everyone prefers as a collection type"
2. "which is a better investment"
Also, maybe I'm dense, but is intrinsic value the bullion value? The face value?
Edited by tdziemia
11/22/2018 9:45 pm
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Bedrock of the Community
13014 Posts |
Quote:
. Also, maybe I'm dense, but is intrinsic value the bullion value? The face value? Can be either, which ever is higher Edited by basebal21
11/22/2018 11:25 pm
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Pillar of the Community
 United States
5029 Posts |
Not sure I can answer your question. Buying junk silver for stacking purposes - intrinsic value. Purchasing a coin for some of my specialty sets numismatic value exceeds intrinsic value by many many multiples.
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Pillar of the Community
United States
5362 Posts |
I voted for Numismatic Value because that includes historical value. Since I collect contemporary counterfeits I did not opt for intrinsic value since most counterfeits have little to no bullion value.
Numismatic value considers many factors other than metallic value some of which are;
1. State of preservation
2. Rarity
3. Historic value
4. Buyer interest
Each of these is a topic by itself.
Intrinsic value is the value of the metal content. The intrinsic value may or may not be tied to face value.
Face value (also known as fiat value) is the legal value of the item in trade. In the US after 1873 (and until 1964), US silver coins were really tokens with a fiat value higher than intrinsic value. This happened because the US converted to the gold standard and silver values were allowed to vary in value based on world markets. At the two low points 1893 and 1933 the US silver dollar had an intrinsic value of just over 20 cents. After the US ceased making coins of silver in the 1960s intrinsic value has exceeded fiat value by a significant margin.
I also agree with tdziemia that there are different ways to look at the question. Personally, I do not collect coins for resale value. I am NOT an investor. I have a love of collecting historic things. Books - fossils and artifacts are in my various collections. They all tell interesting stroies that are worth much more than their value.
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Moderator
United States
188660 Posts |
Quote:
I suspect you mean Intrinsic not Intristic. Corrected.  Also, the topic was moved to the appropriate forum for the proper attention.  |
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Bedrock of the Community
United States
20753 Posts |
For any investment purposes, coins are just not the thing.
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Pillar of the Community
United States
4085 Posts |
Nothing wrong with intrinsic value but that's just a commodity for the most part. You are just converting currency to hard assets. Numismatic is more collecting in my opinion. What is the condition of the coin, how does it fit into a set, etc.
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Pillar of the Community
United States
2023 Posts |
I went with the intrinsic value. It's a tough call. If the hobby were to collapse completely, silver and gold pieces would hold more of their value than copper and clad would. Circulated type gold for common later dates isn't too much over bullion, so that's more like investing in the metal with numismatic bonus for grade and eye appeal. I'm less eager to work on early copper in my type set than I am the early silver. The dollar value of the numismatic premium over intrinsic value may be roughly the same in some cases but I'll still opt for the silver. Maybe I'm justifying the premium as a percentage instead.
Edited by Alpha2814
11/25/2018 01:02 am
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Bedrock of the Community
13014 Posts |
Quote:
If the hobby were to collapse completely, silver and gold pieces would hold more of their value than copper and clad would. However if the hobby collapsed completely so would PMs as a lot of the fascination of them come from collectors and stackers ect. If it had truly collapsed where people only care about metals for industrial use a lot of money would leave the metals market The point I am sort of getting at here is that often their is an assumption that metals have some undeniable right to be valuable, they don't. Their "intrinsic" value for the common PMs is from Jewelry and interest in them. Point being that humans assign value to things and besides water, food, and air things will change in other areas. A total collapse of numismatics I would expect a full on metals crash as well |
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Pillar of the Community
Belgium
1185 Posts |
I voted numismatic and the different reasons were already mentioned above by different CCF members
perhaps one extra item which is priceless to me:
the joy and excitement to dig into the story (history rather than herstory) that explains why the coin, medal or token was produced and how the survivor made it into present times
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New Member
United States
22 Posts |
Definitely more for the numismatic value. But I can't help but love the allure of silver coins.
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Replies: 12 / Views: 3,803 |
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Posted 11/22/2018 9:42 pm
