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…
" WOW, all in on a little run of $1...good luck with all that, probably won't even cover your premium and shipping but if YOU are happy with it then more power to you.
I think everyone should do what THEY are comfortable with and not what the "guru's" want you to do, remember opinions are like a... "Reply To: JM Bullion Coupon Code
" Today, twice at 1% above the bottom, I ended up going all-in again through a local dealer 60% and 40% SD Bullion.
This was a time for getting lots of ounces, and stuff you must have to replenish flipping stock or whatever your strategy is. Fancy coins (>$4 over spot) dig hard into your ounc... "Reply To: JM Bullion Coupon Code
" CRH is spotty at best.
I have only found a few, (1 dime, no halves or quarters, 2 or 3 nickels)
But I have found 2 dimes and 1 or 2 nickels in change, and 1 quarter.
So I have better luck with pocket change!
But keep trying, if you have time.
And WELCOME TO SD, Carlos!!! "Reply To: Getting Silver from a Bank?
" Welcome aboard, Carlos.
Good luck searching rolls of coins, I have done a bit of this and mostly come up empty-handed. But you may get lucky. Sometimes I have spotted the white edge of a silver half in the bank teller's tray and gotten it for $0.50.
Cheers! "Reply To: Getting Silver from a Bank?
" New to the site. I am also a newly started roll hunter. I thought I would share with you guys. in a two week span before roll hunting I was able to spot a coin that looked different than all the quarters in the associates till when receiving change. I asked the associate if I could have it back i... "Reply To: Getting Silver from a Bank?
" Hey, who's yanking silver spot prices around? Below $19 this morning and then whiplashed up about $1 instantly. Is there someone behind the 2-way mirror, pulling levers and strings? "Reply To: How off the mark am I? Or am I?
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