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…
" hi KLAMMERN!
Welcome to SD.
Tons of good advice in here, but I'd just add this:
Don't get too caught up in SELLING Silver, as in move a large amount of stack in hopes of buying
more, as the price could jump in the interim. But trading up is a safe deal. It can be done as oth... "Reply To: How off the mark am I? Or am I?
She does deserve it, thats a fact. I have come up with a plan. Ordinarily I wouldnt discuss this, but I think i hit on a good one. A new bathroom vanity has about 3" of space under the interior of the... "Reply To: What the hell do I do with it
" "Which is the better deal? One full ounce of pure silver – or only .77 ounce of silver mixed with copper? Gee, don’t take too long thinking on that one."
I would be suspicious of fake Mint coins and would have more faith in a circu... "Reply To: How off the mark am I? Or am I?
" Use a core drill to make holes in your wooden bedposts. Fill the holes using part of your silver stash, and then put a stained wooden plug in the opening. No burglar would even think of looking there.
And as an added benefit, when you are giving the Missus the nightly pounding she ... "Reply To: What the hell do I do with it
" Why? Are you wanting to pollute our forums by copying and pasting huge blocks of text into them, like you did on the Currency & Silver reference in Captain America: The Winter Soldier thread?
How about instead writing your own thoughts and just posting a link? "Reply To: Welcome To The Silver Forum
" Father in law used PVC tubes buried under concrete slab of the patio. AZ desert sun and sand. They pay there undisturbed for decades. Junk bullion in bags placed in crawl space over garage, under the nasty itchy pink fiberglass insulation. Some in the studs behind a medicine chest. easy t... "Reply To: What the hell do I do with it
" If they fail then sorry for you. Most banks ended up bankruptcy and and everything in their belongings including all your deposit boxes may also be at risk. I suggest that buy your security protected storage box for your home, at least you are confident that everything important to you is safe be... "Reply To: Bank Safe Deposit Box
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