Hey fellas. I wrote a blog post and was just looking for some feedback related to my thoughts on the downward effect a parabolic move will have on the premiums on limited edition coins. Thanks in advance.
@Silver Scholar, you need to fix something on your blog so that people can post there, otherwise they will visit once and never return. I got to the ‘prove you are not a robot’ preview window and it would not permit me to post.
Here is the comment which I attempted to post:
As a cautionary note, we need to keep in mind the possibility of the diminishing returns from subsequent issues. Case in point – the Canadian Wolf – the first in the Wildlife Series of coins – fetches quite a bit more, on a percentage basis, than the Cougar & Antelope coins. Another example is the 5-oz America The Beautiful (ATB) coins, whose 2010 issue captured a lot of attention from collectors. I purchased a set of these and flipped them the very next day for twice what I paid for them. Now, the US Mint is having trouble selling even a smaller number of ATB’s than that first issue; people just are not interested in them.
So, buying a stack of the new ‘Freedom Girl’ coins and expecting these to double in value anytime soon may prove to be a frustrating lesson in chasing an investment. So I will stick with ‘Junk Silver’ and .gov mint coins in order to avoid becoming the owner of what are essentially 1-oz Silver rounds.
@MaryB, did you see that recent post I wrote, about having the opportunity to buy a large estate cache (over 60 oz melt wt. in AU) of Mercury Dimes at $30/0z? I am trying to gather the ‘dry powder’ to make this buy happen, will keep you posted…
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