BSGrinder,
but what is the point of buying bullion coins from the mint at premiums of at least 35%
If you read the post carefully, I didn't buy them from the mint. I bought from a dealer unloading 2002 inventory to make way for 2003's, premium paid figures around 20% to me, which was the point of me mentioning it, I thought it a better deal than 35%. Obviously it was!
I have nothing at all against historic coins, but a debate on the various values should go on a coin collectors thread if there is one.
As far as premium values for silver bullion coins, Canadian Maples tend to appreciate more than Eagles, IMHO. Still, an Eagle is bullion also and well recognized and easy to unload if POS ever makes it worthwhile.
I would suggest anyone interested in bullion coins (or historic) pick up an issue of Coin World and check out various dealers prices (check via toll free # also) before making a buy, I believe deals are better there than the mint. BUT, My interest AND knowledge of bullion or historic coins is limited, so I'm not the one to ask for particulars on investing in same.
I would also suggest that anyone who doesn't buy any bullion or bullion coins is a disgusting FREELOADER and doesn't deserve to make any money in the pm stocks. If every household in USA bought just one silver coin it would have a tremendous effect.
I'm not saying bullion or coins are the best investment, I prefer the mining stocks. But I also believe that precious metal stock investors should at least taste their own cooking!
Roebear |
