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 Replies: 9 / Views: 7,709 |
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New Member
Canada
4 Posts |
I bought 25 freshly minted Silver Maple Leafs from a coin dealer and he gave me 25 stacked in a sealed tube. Is there a difference in value in siver coins that are stacked in a sealed tube vs. ones that are sealed individually in plastic?
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Valued Member
United States
83 Posts |
None! Silver bullion coins are just that, minted for silver bullion and are worth the market price.
HOWEVER, if you are shipped proof coins which has happened to me especially when I ordered Canadian bullion, then if they are worth more later on as a collectible, as long as you do not open the sealed tube to prevent oxidation they will be safe.
If you must look them over, wear clean cotton gloves, do not drop any and afterwards you can place them in a PVC free mylar flip for individual storage. This would of course be done if you were cherry picking the tube for possible MS70's or PR70's
Hope this helps
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Valued Member
Canada
241 Posts |
Ill disagree with the respond above.. More and more poeple now become silver maple collectors and ill say for a fact that a silver maple leaf sealed in mylar pouch individually sell for more than a tube one.
I would say yes to that! Those Silver maple leaf sealed individually does cary a premium value , Not with silver content but with the collectors demand. As I am collecting silver maple leaf over 20 years I saw a difference between sealed one's and those in tube . deepanding on the years of issue of course.
What year did you buy?
Edited by SilverMaple
09/21/2010 10:29 am
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New Member
 Canada
4 Posts |
Thanks for the info SilverMaple and sgtbigred. I bought my silver maple leafs this year. I wonder if I now put them all in mylar pouches if that would be enough to give them premium value? Another question: With these silver maple leafs I was planning to hang onto them more for investment purposes than collecting and sell them when they appreciate. I was just going to go back to a coin dealer and trade them in for the market value. My question would be would I get the full market value for these tubed coins?
The reason I am asking is that the very same coin dealer that I bought these Maple Leafs sealed in a tube from had told a friend of mine 2 weeks later that the Silver Maple Leafs they sell in a tube are no better than junk silver and that in order to have full value they needed to be sealed in plastic. You can imagine my reaction at that. What kind of Ponzie scheme are they running or is this guy just insane? Disconcerting to say the least...
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Valued Member
Canada
241 Posts |
You can put them in Mylar pouch but as they are not sealed with the Canadian mint logo as a seal they will not carry the premium of sealed ones. I will suggest you sell them on a market like ebay more than a coin store or silver store... so you will sell them easily above silver spot price. For what the seller told your friend: have you looked at what you have buy? if they don't have fingerprints all over them and big scratches they do sell for more than silver junk. But if they are all mess up I kinda agree with what he said ... still they are 9999% silver and high quality bullion compare on other type on market. |
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New Member
Canada
4 Posts |
Thank-you again SilverMaple. From the coins that I have looked at in the tube I bought, they all appear to be 2010 issue and all look in mint condition. I don't believe they have been touched by any finger prints other that the one or two I unwittingly touched. They really are quite beautiful to look at.
So just to be clear are you saying that I would at least get the Silver spot price for these coins if and when I sell them?
Forgive my novice here as I am quite new to coin collecting. I am becoming very quickly interested in this whole thing mind you. I didn't realise how much there is to it. In retrospect it would have been wise to do some research on this before I bought the coins.
Thank-you again for your feedback.
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Valued Member
Canada
241 Posts |
Yes at least you will have silver spot price. And if the price go down under 5$ you will be happy to have bought face value bullion of 5$ haha You can sell them over spot price if you target the right buyer's , Silver maple leaf collector , bullion collectors .... and more. On ebay some sell at 25-27 each ! |
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Pillar of the Community
Canada
3692 Posts |
Typically when you buy less of anything it's going to cost more because the seller has to hold a certain amount left over and hope to sell it. Taking "lots" off their hands will make sellers happy and more confident in future investments.
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New Member
Canada
4 Posts |
Oh good... I am satisfied with at least the spot price. I will keep them as mint as possible and think about the ebay as well. You have my mind cooking on this whole coin thing now. Much appreciated Silver Maple. And to Libertad I hear what you are saying for the most part. Thank-you for the info. |
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Valued Member
Canada
276 Posts |
Yeah, sell 'em on ebay. Americans will pay $10-15 over spot for them, regularly. Sometimes more. I can't believe it, there's a local guy here that sells 'em for $22.50, and people are paying $35 on ebay. *shakes his head* |
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Replies: 9 / Views: 7,709 |
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Posted 09/21/2010 10:27 am
