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 Replies: 24 / Views: 6,795 |
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Bedrock of the Community
United States
10284 Posts |
Back in the 1990's somebody dear to me bought a lot of silver proof coins from The Royal Mint. The prices paid back then have rarely come even close to having been realized in trying to re-sell the coins. Here we are with silver values at well over 4 times what it was back then and still, I can consider myself lucky if I can get 60% to 75% of the original price out of these silver proofs. The mintage's are very low, the coins look nice and some are even quite beautiful. I am talking about the likes of 50th anniversary and 25th anniversary coins, two coin silver proof sets. Crowns with dragons from Wales and Piedfort and coins from Scotland and Great Britain. They come in fancy snap closing boxes in airtite coin holders with COA's. I have quite a lot of this stuff. It will get a premium over silver at this time but I would have to wait on bullion to reach $80.00 USD on an ounce before I can get the original cost out of these. Anyone have any advice? I think I ought to just sell these at a loss. It is an impossible mission to convince the original buyer that this was a huge mistake buying this stuff. Makes me think of Bob Dylan's Highway 61 lyrics. Well Mack the finger said to Louie the King
"I got forty red white and blue shoe strings
And a thousand telephones that don't ring
Do you know where I can get rid of these things?" |
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Pillar of the Community
United Kingdom
2490 Posts |
Today I bought a silver proof Piedfort 1985 £1, on the bay. £15.00 including postage. That's just about melt.
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Bedrock of the Community
 United States
10284 Posts |
Would you have paid the same regardless of the price of today's silver? Thanks for your comment.
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Pillar of the Community
United Kingdom
2490 Posts |
Personally I think I stole it. Dealers have this at anything from £29 - £65, and The Royal Mint still sells them at £60. However I bought it because I love it, just lucky enough to win it for a lot less than I was willing to pay. |
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Bedrock of the Community
Australia
21788 Posts |
wheezydog: Now all of us should know why modern NCLT mint products worldwide are poor investments.
Nothing wrong in collecting them. Normally the artwork and presentation is superb. It has to be. A Mint will fix the mintage numbers and retail price of their products for optimum profit. After all, they are in business like any one else.
Unfortunately, that leaves the buyer with little margin for aftermarket price growth. If you wish to collect in this area fine, but like any other artwork, just make sure that you like what you are considering to buy, and don't be motivated by the alleged investment potential.
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Rest in Peace
United States
9104 Posts |
Today's typing lesson.
Hold down the alt key. With the number lock on, type 156 on the calculator keys.
That's £. alt-155 is ¢. alt-0188 is ¼, and you can figure ½ and ¾.
Back on topic, lots of people didn't make a profit in their private mint stuff until 1979-80.
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Pillar of the Community
United Kingdom
2490 Posts |
biggfredd, I'm using a UK keyboard, it comes complete with a £ key; but being a laptop doesn't have number lock.
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Rest in Peace
United States
9104 Posts |
OK, ccf's typeface is broken. let's try alt-0163 for ¦pound;, alt-0128 for yurro: €
Edited by biggfredd
03/02/2011 5:53 pm
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Rest in Peace
United States
9104 Posts |
can't believe a coin site that won't allow you to type a denomination. How about yen, alt-0165? ¥
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Pillar of the Community
Australia
2830 Posts |
this thread ought to be compulsory reading for those dummies who get sucked down the NCLT vortex, and for typists.
My laptop as a "NumLK/ScrLK", above No. 7, over on the right: Dunno what it's for but ...
Peter, who is content to collect circulation issues
"... And Louie the King said let me think for a minute son
And he said yes I think it can be easily done
Just take everything down to Highway 61."
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Bedrock of the Community
United States
10284 Posts |
What I think I'll do is take the proof silver coinage as commission on some other stuff I can sell for my significant consignor. Then I know realistically what to expect when I sell it and get it gone. I'd rather do that and do almost just as well with silver up as it is and not have to hear all the crying.
We do have a Highway 61 near my home.
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Rest in Peace
United States
9104 Posts |
This is getting deeper. I see the earlier poster's ££ symbols are now working, along with the alt-156, but not the more correct alt-0163.
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Valued Member
United States
90 Posts |
I have found buying Mint products from Mints (All of them) frequently do not come to fruition in the buyers lifetime.
Pass them on to the future generations is my best advice.
Some coins broken out of proof sets and graded by 3rd Party Grading Services can realize great potential.
The television scamers are making good money on PF69 and PF70 Common Date Material
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Rest in Peace
United States
9104 Posts |
Quote:
My laptop as a "NumLK/ScrLK", above No. 7, over on the right: Dunno what it's for but ... Never figured out scrlk, but numlk lets you use the calculator numbers. when off, you use 2-4-6-8 as directional arrows. |
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Pillar of the Community
Australia
2830 Posts |
thankyou. When I sit down in front of my computer, I'm looking to relax, rather than to be challenged.
"if computers are so clever, then why do people have to be so clever to use them ?"
Peter
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Rest in Peace
United States
9104 Posts |
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Replies: 24 / Views: 6,795 |
Posted 02/28/2011 8:03 pm
