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Posted 05/02/2023 09:52 am
In response to the post that numismatics is better than bullion, that's fine if it suits your needs. I look at it completely differently after decades of being both a collector and a stacker in multiple areas of collecting (sports cards, stamps, coins, bullion to name the main ones) as well as having been a dealer in two of those (sports cards and coins/bullion).
The reality is that any collectible is a more limited market when it comes time to sell or for your heirs to sell. You will only get a fraction of the value when selling to a dealer and your potential buyers are limited due to the nature of it being a collectible. Also, collectible markets die off...see Pokemon cards, stamps, Beanie Babies, etc. While I don't see that happening with numismatics, how many in the younger generation are actively collecting? Where will the numismatic market be in 10-20 years? Every time I go to a coin shop or a coin show, it's 80% or more people in their 40s and older FWIW.
Granted, you will get a fraction of the value for bullion when selling to a dealer, but the haircut isn't as steep typically. Either way, bullion is MUCH more liquid if you need to sell or if your heirs decide to sell your stash. Are central banks and governments trying to get their hands on as many numismatcs or other colletibles as possible? That's right...they aren't. The desire to acquire gold and silver has been around thousands of years and I don't see any reason why this would ever go away.
For the above reasons, I got out of sports card collecting/dealing about 5 years ago. Same with stamps and same with numismatics. I have been told "no thanks" when trying to sell coins or sports cards to a shop. Never had that happen with bullion, though.
The reality is that any collectible is a more limited market when it comes time to sell or for your heirs to sell. You will only get a fraction of the value when selling to a dealer and your potential buyers are limited due to the nature of it being a collectible. Also, collectible markets die off...see Pokemon cards, stamps, Beanie Babies, etc. While I don't see that happening with numismatics, how many in the younger generation are actively collecting? Where will the numismatic market be in 10-20 years? Every time I go to a coin shop or a coin show, it's 80% or more people in their 40s and older FWIW.
Granted, you will get a fraction of the value for bullion when selling to a dealer, but the haircut isn't as steep typically. Either way, bullion is MUCH more liquid if you need to sell or if your heirs decide to sell your stash. Are central banks and governments trying to get their hands on as many numismatcs or other colletibles as possible? That's right...they aren't. The desire to acquire gold and silver has been around thousands of years and I don't see any reason why this would ever go away.
For the above reasons, I got out of sports card collecting/dealing about 5 years ago. Same with stamps and same with numismatics. I have been told "no thanks" when trying to sell coins or sports cards to a shop. Never had that happen with bullion, though.
