| Author |
 Replies: 8 / Views: 1,394 |
|
|
Pillar of the Community
United States
931 Posts |
I've been reading some posts from some new members here on the board. This is good news for the markets the way I see it. They are collecting silver or gold and thus far show little interest in numismatics. This is happening worldwide and it encourages me as far as my own investment in bullion. New blood means new buyers and I assume higher prices eventually.
|
|
|
|
Valued Member
United States
458 Posts |
Agreed. I'm pretty young but hoarding silver hard :)
|
|
Pillar of the Community
United States
3670 Posts |
I think the longer you are a member here, the better chance you have of getting ino numismatic collecting as well. I too was just thinkin bullion, when I first signed up....
|
|
Pillar of the Community
United States
1150 Posts |
Personally, I started numismatically and moved to bullion.
You are going to find that the worse the economy gets and the higher gold and silver go more and more people will be buying PMs.
My advice is to buy pre-'64 'junk' silver coins, especially dimes and quarters. They are easily liquidated in small or aggregate amounts.
|
|
Pillar of the Community
United States
4008 Posts |
I started out with bullion coins and see no reason to change. The numismatic coins are often gorgeous coins for sure but the premiums often vary between high and staggering! I'm into ounces, so whatever delivers the most of them for the least money is where I will be.  I agree with Mitch on the pre-65 US silver coins. I have some of those, mostly Walking Liberty and Kennedy halves but also a tube of dimes. I want to add more dimes and some tubes of quarters. I like the idea of being able to use these for buying the daily necessities without needing to worry about how I will make change. In a silver and gold barter situation, I will NOT be accepting any FRNs or cupro-nickel trash coins as change. I suspect that most other PM holders will be doing the same. For bigger purchases, I have my ASEs. I would hate to part with them but will do so at need... not want... but need. One of my main reasons for wanting to hoard PMs in general but silver in particular is that: 1) I can afford to; and 2) most of the people in my family do not own any PMs. If I can, I will help them through any bad times with my hoard. Yes, it would be better if they also had some PMs to toss into the family pot but since they don't and aren't likely to get any, they will have to come up with some other contribution. Everyone contributes, nobody rides for free. This is a major problem in society and I see no reason to have it in the family too. |
|
Pillar of the Community
 United States
931 Posts |
Agreed Hawk. I collected coins as a kid and started again back when gold was around $700. I started back in both as a bullion buyer and numismatically because I got into gold buying the Indian Half Eagles. Now that I'm collecting again I am becoming interested mainly in the numismatic bullion, or rarer mint bullion issues. I am now looking to find the right deal on a 2009 Ultra High Relief Double Eagle one ounce coin for my next acquisition.
|
|
Pillar of the Community
1283 Posts |
I am 80 20 guy myself, 80% bullion 20% numismatic. But that is a great point Jr, def shows an increased interested in bullion which in turn will drive up the prices IMO.
|
|
Valued Member
United States
299 Posts |
Two sides to this coin, IMO
More bullion investors can mean higher prices, making it harder for a numismatic collector to get started, as high PM raises prices for coins.
Another POV is that higher prices means I think I see more old coins moving into the market as lots of folks realize they could cash in on the old family stash.
Myself, I am 50/50. I collect Morgans and Buffalo s because I like the looks. Culls from the collection get sold or thrown into my bullion stash. For pure investment potential and financial survival I buy ASEs in rolls, or Morgans and Peace $ when I find them cheap -n close to melt
|
|
New Member
United States
48 Posts |
I'm mostly bullion although I appreciate the numismatic side. I typically aim to buy coins with little to no numismatic value. The way I see it, is if people can make money by selling their 'junk' non-numismatic bullion to people like me, they will have more money to acquire the numismatic coins they really want. Before the bullion craze, how hard was it to get rid of a lot of cull barbers or mercurys? I'll gladly buy them all day long. Coin World also recently talked about how the increasing silver value has made some of the less common Morgan dollars 'cheaper' in terms of a lower premium over the metallic value. |
| |
Replies: 8 / Views: 1,394 |
|
Posted 07/16/2011 1:48 pm
