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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: BSGrinder who wrote (26403)	1/23/2003 1:31:57 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

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

To: BSGrinder who wrote (26403)	1/23/2003 2:16:13 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

BSGrinder, Spreading the gospel of precious metals can be fun and profitable, as my following anecdotes relate. In the mean, one is also providing an educational service to people by which they could truly profit in the years ahead. When buying my current Toyota (two years ago when car sales were booming w/o incentives), I was having some problems bargaining with the salesman, a very pleasant young fellow (for a salesman) in his early twenty's. I had a very good idea of how far the salesman could go based on my research of sale prices throughout my state, invoices and etc. We were $500.00 away from my best price and at an impasse which I had walked away from several days before. I didn't want to waste any more time making a deal and the salesman intuitively knew that, so I was disadvantaged. Inspired, I took out a Silver Eagle 2000 and began toying with it. The salesman was intrigued, he said, "What's that?" I said "You tell me" [my disadvantage now gone] He didn't know what it was(!) and had to look at the lettering to know it was a silver dollar. He obviously had never seen one before!. He said, somewhat incredulous, "Is this a Silver Dollar, do they still make these??" I said "yes, they still make a few of these. This one was previously uncirculated, but now Liberty on the front has become my Lucky Lady. And by the way, my lucky lady says you give me my price on that SUV!!" We signed the papers a minute later. So was that Silver Eagle worth $500 dollars? Well, of course, I could have used some other ploy to put the salesman off balance. But then again, he will never forget that Silver Eagle, and in fact the precious metals gospel was spread and I saved $500 and precious time. I read Coin World at work some days over lunch. Folks notice the paper and want to see what their State Quarters are worth. Eventually the conversation gets around to some of the gold and silver coins. I know of quite a few Eagles and Maples purchased because of these lunch time conversations. Spread the word, show the flag, flash the Lucky Lady, you are doing everyone a favor at this point when you do, you'll be helping them get in on the ground floor. Speaking of which, just saw CNBC have the Arctic Oscillation, the PDO and North Atlantic Oscillation on a map on their weather segment. Everyone here got in on the ground floor on the winter forecast here a few months ago back in Sept/Oct.(thanks to me and later Joe B). Now we see it on TV, after the fact. Best, Roebear

To: BSGrinder who wrote (26403)	1/23/2003 3:30:26 PM
From: c.hinton	Read Replies (1) \| Respond to of 36161

I bought a dozen mint state 20 $ (ms65)st.gaudens at 820@ a year and a half ago when gold was at 272$ they now retail at 1150$ each .that equals about a 38% raise.just about the same as the raise in the pog.If I had to sell quick I would, however ,be better off with a new gold eagle. When I bought the st.s the seller had to sell, so I got a discount off the listed retail price at the time(920$).There are also lots of historic proof coins that should never have been circulated,but were, at face value, during hard times.If you love old coins invest,but if you think you may one day have to sell them at short notice go for new gold. ps I picked up the other day a 1797 english 2 pence piece.its was issued the year the bank of england suspended gold conversion.the piece was an attempt to give alternative value for money, it would have been worth about 3.3 US cents at the time.it is two full ounces of copper,twice the size of a silver dollar.can you imagine carrying 60 oz of copper to make change for a single silver dollar