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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 02/16/2010 : 17:13:58
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I have seen a few lots of foreign silver do well in the auction section and I think that is great - especially since I might sell some in a similar fashion someday But I wanted to list some of the pros and cons from an investment standpoint.
Pros:
-Can often be had at or below spot price
-Often have numismatic value beyond the bullion value
-If the silver price collapses, its better to have a cool-looking and possibly rare coin than a lump of Englehard - like Morgans in the 1990s.
-Its fun to have an exotic or varied collection
Cons:
-Often have weird purity levels like 0.640, 0.720, etc. making them harder to sell to dealers
-Have less recognition by common people
-If silver spikes high enough, it won't make any difference if they are numismatic or not
-Its harder to track how much silver you have
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 02/16/2010 : 17:34:13
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quote:
Originally posted by AGgressive Metal
I have seen a few lots of foreign silver do well in the auction section and I think that is great - especially since I might sell some in a similar fashion someday But I wanted to list some of the pros and cons from an investment standpoint.
Pros:
-Can often be had at or below spot price
-Often have numismatic value beyond the bullion value
-If the silver price collapses, its better to have a cool-looking and possibly rare coin than a lump of Englehard - like Morgans in the 1990s.
-Its fun to have an exotic or varied collection
Cons:
-Often have weird purity levels like 0.640, 0.720, etc. making them harder to sell to dealers
-Have less recognition by common people
-If silver spikes high enough, it won't make any difference if they are numismatic or not
-Its harder to track how much silver you have
Is that truly a con..? Otherwise an accurate observation that I do agree with.
A lot of older coins from S. America, Mexico and Cuba, have the weight and fineness struck right on the coin. Hard to argue with that. 
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/16/2010 : 20:51:01
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I've been doing my best to get in on the foreign coin sale here.
I rank order you pro's as follows:
-Its fun to have an exotic or varied collection
-Can often be had at or below spot price
-If the silver price collapses, its better to have a cool-looking and possibly rare coin than a lump of Englehard - like Morgans in the 1990s.
None of the con's listed bother me. |
Come to the new and improved realcent: http://realcent.org
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 02/16/2010 : 21:03:00
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quote:
Originally posted by thogey I've been doing my best to get in on the foreign coin sale here.
Yeah, cut that out! I'm trying to get some steals! 
quote:
Originally posted by AGgressive Metal Its fun to have an exotic or varied collection
Yes indeed. I put it this way: there are THOUSANDS of types of silver coins, in all sizes, purities, ages, rarities, designs... there is much history and mystery alike. From huge proof crowns to tiny bent up culls. World silver is way cool. Just like this guy:  |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 02/21/2010 : 20:31:06
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I've been bitten by the World Ag Bug...It's the hunt for coins below spot that is so compelling.
Picked up 8 80% Cdn dimes for $3 at a flea market this morning  . |
"You're not really gonna throw that out...are you"? |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/21/2010 : 20:33:28
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Hey Dumpster,
Man, I'm still stewing over that last auction. Did you get them yet? Are they cool? |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 02/21/2010 : 20:38:30
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Yes they are sweet...Sorry again for the snipe
Need a little help ID'ing a few though:
You must be logged in to see this link. |
"You're not really gonna throw that out...are you"? |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/21/2010 : 20:48:57
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Don't be sorry. I spazed. I'm still whipping myself.
I was trying to be an evil sniper and I spaced it.
Oh the pain! |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/21/2010 : 20:58:52
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| I would stay with Mexico and Canada coins. I have both. I would do other silver coin only if way below spot. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/21/2010 : 21:09:45
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| I think European silver coins are usually have more beautiful designs. With coin collecting, sometimes you want to go beyond just the silver content. Sometimes you want to buy something for the pure beauty and history |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/21/2010 : 21:10:57
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quote:
Originally posted by PennySaved
I think European silver coins are usually have more beautiful designs. With coin collecting, sometimes you want to go beyond just the silver content. Sometimes you want to buy something for the pure beauty and history
Bully! |
Come to the new and improved realcent: http://realcent.org
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 02/22/2010 : 21:48:53
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AM,
Thanks for the thread. I posted a topic last week asking about the value of foreign silver to spot, because ai wanted to know what others think. I like foreign silver. I have found several pieces in the junk bins and gotten it way below spot. I like that. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/23/2010 : 09:09:55
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| Why am I a bully? :-( |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/23/2010 : 09:17:52
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Bully!
Is an exclaimation. It is an expression of excitement emphatic approval ar agreement.
Example: PennySaved to Thogey, "Hey Eric I just scored 5 Indians, a quarter eagle, and a silver dime in a bag of pennies Kirkland sold me!"
Thogey to PennySaved "Bully!" |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/23/2010 : 09:24:30
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| Oh ok I figured you weren't being mean ;-) Never knew that Bully meant that; learn something new every day :-) |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/23/2010 : 09:29:00
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Your the man PennySaved!
A respected and valued trading partner!
Bully! |
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Pros and Cons of foreign silver
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