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sunsetcliff
Penny Pincher Member
USA
101 Posts |
 Posted - 05/25/2009 : 17:12:11
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I understand numismatics will rise better then bullion. I think PCGS is the best coin ratings org. ??
I read that some ratings will actually drop! With me- I buy 1,2, or 3 coins every few days if I can. Obviously postage is an issue when shopping this way.
I have quite abit a bullion stacked. Tho more is never enough, is it?
If an ASE is $20 delivered, then how high would you go for PCGS, or other ratings? Or is this something you don't consider?
Is there any ratings service that you wont pay for? (a total joke of a ratings)
...also- will you pay more for a glass case? If so how much more?
One can never know too much about silver.
So talk to me. Let me know your strategies now. Particularly if you dabble a few coins at a time like I do.
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http://groups.yahoo.com/group/silverme/ |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 05/25/2009 : 17:19:51
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| well personally if i was buying bullion i would not buy it in a pcgs holder or any tpg for that matter. I mean its bullion. if i was looking numismatics i would buy proofs. just my opinion |
Inquiring minds want to know |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 05/25/2009 : 17:40:27
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Please don't buy graded business strike bullion... Its such a waste of money IMO...
A proof, well if its DCAM proof it can be awful pretty to look at... SO I am torn on this..
If you feel you have more then enough Government issued bullion... Get some bars, lower premiums adds up to a lot of metal in the long run... |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/25/2009 : 17:59:10
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It depends on the scenario. If the SHTF comes, how much more valuable will a slabbed PCGS ASE be than an ASE you are holding in your hand? Further, are common date slabbed coins just the current fad, only to become discarded common date coins 10 years from now?
I suggest that if you want some numismatic coins, acquire coins that have some history behind them; coins that are scarce even in the lower grades. Collect what you like; invest in scarce numismatic coins that others have acquired for decades; buy the best grade you can afford. |
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– Theodore Roosevelt
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/25/2009 : 18:54:22
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In my opinion, a bullion coin as spectacular as an American Silver Eagle has numismatic value. Just look at the detail in that design. The conventional wisdom and prevailing opinion is bullion is just bullion. In the years ahead, 10,25, or 50 years down the road, the numismatic value of ASEs will become more of a factor than merely the bullion value. I don't even think this is debatable.
From the information I've been able to obtain, generally ASEs leave the mint in MS-69. According to the PCGS price guide, ASEs in MS-70 have astronomical prices attached to them. So, I wouldn't recommend buying slabbed ASEs unless you can get a really good deal...An average deal would be, paying close to the market value of the ASE plus the additional $20-$30 for the grading/certifying (preferably NGC or PCGS) service. If you can buy it for less than this guideline, you are getting a reasonably good deal.
I prefer to buy them raw and stash them away in air-tite holders. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 05/25/2009 : 19:07:33
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I would never spend the extra few bucks on a slabbed ASE. I just dont see the point of it. You're already paying a big premium over spot for the ASE, so why spend another few bucks for the slab, especially if it's not a 70? If TSHTF, who is going to care that the ASE was graded by NGC or PCGS?
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My hobby: collecting real money 1 copper cent or nickel at a time.
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/25/2009 : 19:46:03
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| I like bullion and numismatic. what i do is buy junk silver and look for numismatics. I found an 1892-S barber half (value ~ $250) and a dozen barber dimes this way. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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sunsetcliff
Penny Pincher Member
USA
101 Posts |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/25/2009 : 22:14:40
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I don't mind if my silver and gold eagles come in plastic cases as long as I am not paying anything extra for the bullion to have someone's opinion that it is slightly more perfectly shaped than another bullion coin. For smaller purchases of 3 ounces at a time it would be best if you can find a local dealer or a local coin club. The postage really adds up.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/25/2009 : 22:21:15
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quote:
Originally posted by sunsetcliff
Ok- any ideas when someone with my habit of up to 3 ounces at a time to cut the postage?
Do you have a local coin shop? Also, keep looking for ebay deals that offer free shipping. The one you listed here (PCGS MS-68 ASE $21.00) is a very good deal considering dealers are getting about $20.00 for uncertified ASEs and the cost of a good generic holder can be as much as $2.00.
Take a look at APMEX also. Occasionally, they have some great special offers. May want to look at Monarch Precious Metals too and use the $5.00 discount code
Monarch5
This will help offset a good portion of their $6.95 shipping charge.
That code is good through the end of May. |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 05/26/2009 : 14:26:37
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The last ASE's I bought were $22.00 each. Kind of high. I would never pay for PCGS fees (usually at least $25.00) for a $20.00 coin.
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/26/2009 : 20:51:18
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quote:
Originally posted by CoinHunter53562
I would never spend the extra few bucks on a slabbed ASE. I just dont see the point of it. You're already paying a big premium over spot for the ASE, so why spend another few bucks for the slab, especially if it's not a 70? If TSHTF, who is going to care that the ASE was graded by NGC or PCGS?
Exactly what he said! WASTE of money!! |
Copper Penny Investing
www.portlandmint.com |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/26/2009 : 23:04:39
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| It cannot be denied that there is a pretty decent market out there for certified ASEs and certified coins in general. As long as there are coin collectors, there will remain an interest in their numismatic value. I'm no trained or expert numismatist with vast experience grading coins and neither are most coin collectors. The issue of whether or not it makes sense to pay a grading service to verify/certify/slab coins, really depends a lot on the coin in question and the goals of the individual collector. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 05/26/2009 : 23:11:27
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| i would say the unless it is a 96 eagle i would not buy a slabbed eagle unless your trying to put together a set. For bullion purposes buy raw bullion |
Inquiring minds want to know |
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sunsetcliff
Penny Pincher Member
USA
101 Posts |
Posted - 05/27/2009 : 08:55:38
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| ....umm. My stack is decent. I am not just starting. So a few nuis pieces seem good. I would only ever do eagles in nuis. Nothing else. |
It is great to be here ~ !
http://groups.yahoo.com/group/silverme/ |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/27/2009 : 13:11:01
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quote:
Originally posted by sunsetcliff
....umm. My stack is decent. I am not just starting. So a few nuis pieces seem good. I would only ever do eagles in nuis. Nothing else.
Than get real numis coins! Not bullion coins that are slabbed. |
Copper Penny Investing
www.portlandmint.com |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/27/2009 : 18:13:29
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According to the Red Book, the coin collector's "Bible" if you will, the issue of grading and condition is addressed regarding the ASE (a bullion coin) and therefore, it has been determined that numismatic value does in fact extend to the ASE.
And, why wouldn't it? Just look at the intricate detail and brilliant design of the ASE. It's perfectly acceptable to think of ASEs with consideration to their numismatic value.
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"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/28/2009 : 12:43:25
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Just because that 1988 is slabbed doesnt make it a numis coin. Look at the buy price!!!!!! $21 and you can take it home. I can go to my local coin shop and get as many non slabbed eagles as a want for $17-$18. So you are saying it has $3 numis value? Just because somone paid to have it graded, doesnt mean that you factor that into your buy price (on this coin).
And no the red book is not a coin collecting bible, it is mearly a very popular GUIDE to coins. Yes, there are a FEW years that grading might bring better money for them, but those are very few, especially for silver eagles!
Turn and Earn! |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 05/28/2009 : 17:21:51
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The ASE has only been in existence since 1986 so it's a relatively new bullion coin. There isn't much history and time there yet for it to acquire much numismatic value. What would happen if the US Congress and US Mint decided to discontinue the American Silver Eagle? Would their value increase and then would surface condition become more of an issue for collectors? Now, I really don't think that is going to happen in the near future but it may be something to consider looking forward.
I'm not advocating PCGS or NGC slabbing, grading or certification. But, I think they provide a useful service for people who are not trained and experienced numismatic experts. I do think they charge outrageous prices for their services. In this case, in my opinion, $3.00 isn't so bad, considering an appropriate holder for an ASE, such as a generic air-tite slab, costs about $1.75 (not counting taxes and shipping). If it's true that most ASEs leave the mint in MS-69, that's good enough for me as long as I can feel fairly confident it's been handled carefully and not stacked, thumbed and fingered by a dealer or previous owner who treats, thinks of and handles ASEs as mere bullion with no consideration for it's surface condition. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
Edited by - Silver Surfer on 05/28/2009 17:26:23 |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 05/28/2009 : 22:43:57
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| well we might not even see a proof silver eagle this year. Personally I only think of the proofs and new special burnished ASE's as numismatics. They mint so many regular strike coin that there only worth there weight in silver. I say buy what you like. If you like slabbed coins buy them. If you like it for bullion purposes then buy raw |
Inquiring minds want to know |
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Analyze this 1988 PCGS ms68 Eagle $21
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