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…
Yes, I know getting on the DOW now would be suicide that's why I'm keeping it in cash only. I figure if the DOW comes down a few thousand points again (very possible in my opinion) then I may take some of that cash and reallocate to make a few more bucks on the, hopefully, way back up... "Reply To: No choice paper/diversify or get out all together.
" my 401k has recovered and then some. did you friends make changes in their allocations at some point? if you got off the ride on the way down or at the bottom and never got back on then you could be in tough shape.
i like the diversity of the paper savings, they should be an inflation hedge.... "Reply To: No choice paper/diversify or get out all together.
" 20 years to retirement, would put you in your mid 40`s. I`m a horrible short term investor. I do know in the long term, Silver is a very good deal. Get off the rollercoaster of daily anguish or utopia, based on the current price. I`ve bought silver for many years, and never sold an oz. I may nev... "Reply To: No choice paper/diversify or get out all together.
Right now I have tubes of SAE's and I'm building to a particular number (no rhyme or reason) of 90% coins (halves, quarters and dimes only) and also getting rounds and 1 oz and 5 oz bars from known processors.
I have very, very few 'odd' rounds; they're all .999 but not... "Reply To: Silver Eagles versus Rounds
" I hunted a bit last winter, 50 cent piece's, second roll scored a 1908...NICE. Kind of gotten away from it but need to start again.
If you don't know, open the roll, look for the one or two coins with a full silver band - that's your jackpot coin. Much faster than checking dates. "Reply To: Questions about coin roll hunting in the US
As we know that gold is always in the demand and the price of the Gold is totally depends on the demand and supply. If you are thinking to make an investment in the Gold then this is a very good opportunity because art this time the price of the Gold is very low and a... "Reply To: How much should I invest in gold?
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