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 Replies: 18 / Views: 3,348 |
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New Member
Australia
8 Posts |
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Moderator
 Australia
16829 Posts |
Quote:
is this a good investment? I'd have to say, almost certainly not. First off, it's Perth Mint. They don't have a particularly good track record at making "products" that perform well, investment-wise. Many of their "limited mintage coins" don't sell their full mintages, even after a couple of years sitting on the PM website. These coins are one example of this; before it was slabbed in glass, this coin had been sitting on the PM's shelves since 2005. Second, the mintage of the coin itself isn't limited to 50 - the "coin-entombed-in-glass" is. The coin itself isn't what makes it rare. And, being entombed like that, it's really ceased to be a "coin" and become more of a piece of art. It's future value won't be determined by coin collectors, but by art appreciators. Thirdly, in my opinion, the ask price is way too high. But then, I've never really appreciated funky modern art.  Buy it if you like the look of it, by all means. But I'm pretty sure it'll be a terrible investment. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
2830 Posts |
G'day & welcome,
the spot price of silver is AUD $18.03/ounce - see link on left of this screen, near top.
this coin retails for $1,560.00, for ten ounces.
So, if silver increases by 765%, you'll break even; and if it goes higher this starts to look like "a good investment".
But I can't see that happening any time soon ...
Peter in Darwin
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New Member
 Australia
8 Posts |
thanx for the replies guys..
I fully understand that interms of silver content its really expensive. I've made plenty of money off silver proofs in the past from the PM. This one just caught my eye thats all
Edited by evil_ss
05/05/2009 10:14 am
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Bedrock of the Community
United States
10045 Posts |
I'm sure this is a redundant comment, but I'm reminded how many collectibles made as "limited issue" seldom turn out to be valuable. Items that are truly rare or valuable happened that way purely by chance, such as the 1930 penny. But this truth was taken and made into a marketing gimmick, where the "value" of a limited run is tacked onto the issue price. For any "modern collectible," a good question to ask is whether the asking price is a fair representation of value of materials, craftsmanship involved, or actual demand--right now. It's not a critique of the aesthetics, but peeling away layers of marketing to get at the core value. I like the coin design, but not at that price. Sorry for being in lecture mode--I've just known a few people who have blown $$$$ on "investment-grade" collectibles, never to see that money again.  |
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Pillar of the Community
Australia
1040 Posts |
I agree with all the above. And welcome. You would be far better off spending the money on your car, assuming that's what the SS means.  |
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Pillar of the Community
United States
3098 Posts |
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New Member
Australia
8 Posts |
thankyou for your replies guys!
lol yes latman my name does refer to my car.
ill have a look at the coin wd1040 cheers
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New Member
Australia
8 Posts |
maybe I'm going blind here, what is the gold content in the high relief?
Also do the USM deliver to australia?
Edited by evil_ss
05/06/2009 04:10 am
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Moderator
Australia
16829 Posts |
It's a 1 ounce .999 fine bullion-style coin. The original pre-1933 double-eagle was .900 fine with slightly less than an ounce of gold in it.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
Australia
8 Posts |
thnax sap!
when I try to create an account it doesn't allow for international customers
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Pillar of the Community
United States
3098 Posts |
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New Member
Australia
8 Posts |
thanx wd1040,
lol I read US and canadians only on the membership page, but I didnt see the international customers on the right hand side
When I add to my wishlist I have to create the account... but I wants my credit card details just to creat an account, why is that?
Edited by evil_ss
05/09/2009 09:52 am
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New Member
Germany
12 Posts |
PM is a Marketing Machine and this prooves it again
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Rest in Peace
United States
2668 Posts |
Welcome, evil_ss! And welcome to OKF from Germany! CCF is a great source of information from the stuff in navigation, to your left, to it's great members.  I see PM also mints opinions.  |
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New Member
Germany
12 Posts |
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Replies: 18 / Views: 3,348 |
Posted 05/05/2009 09:47 am
