Win
NES Member
It’s easy to lose money on a numismatic coin. I’ve done it more than once.
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Gold and silver prices are down
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bigbravehog
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true. I have been a collector/seller for many years, and one of the few ways to make money is to buy an estate.
I have coins bought in the 80s that have marginally increased in value. Some of my rarer coins have increased significantly. It's a hit or miss.
Nothing beats pulling a heavy felt bag out of a secret compartment of a very old secretary desk.
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I would have carried it on the balance sheet until the day I died .... only one of the reasons I did not jump on it.
Btw I would love some general estimated values of those silver coins I found several months back.
with spot around $19.03, junk silver 90% silver roughly 15 times face for a ball park number. If you don't need to turn it into cash wait for silver to go up.
smokey-seven
NES Member
Silver Coin Values | Today's up to the Minute Value
Silver coin values of dimes, quarters, half dollars and silver dollars follow the price of silver. Using the calculator finds today's value. Images identify the series and important dates of silver coins. Your old coins are becoming surprisingly valuable, discover how much they are worth.
www.coinstudy.com
Individualist
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Here is another
www.coinflation.com
Current Melt Value Of Coins - How Much Is Your Coin Worth?
Coin values are updated with live prices. Coinflation measures the current metal or melt value of U.S. circulating coinage, pre-1965 silver coins, and gold coins.
Bmcl322
NES Member
Fun Question: If you had between $2K & $4K to drop on Gold/Silver Coins/Bars, what would be your choice and where would you buy from?
Side thought: Premiums on US Silver Eagles are just too high, so they are out.
Side thought: Premiums on US Silver Eagles are just too high, so they are out.
Bmcl322
NES Member
Truly appreciate your perspective! Even with the Premiums so high on Eagles? Spot $19ish & cost around $32++?
I prefer US mint and Canadian mint next as they are easily recognized and top tier money made right at home. Premiums won’t get better because of scarcity and fiat debasement.
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Check out the buy/sell spread, not the amount of premium.
Varmint
NES Member
I don't pay attention to either, I just look at the final price. When silver was $12, and a Silver Eagle was $17, was that a bad buy, cause of the high premium? How about when silver was $24 and the Eagles were $25, was that a better buy cause the premium was only $1?
It's the same Silver Eagle, why care what the premium is?
Win
NES Member
What happened? Why are PMs up?
HARRYM
NES Member
The most beautiful coin ever minted.This is an OK deal. Common date $20 St Gaudens MS 63.
But I also got a 5% eBay bucks link this morning. So it became a much better deal.
$20 Saint-Gaudens Gold Double Eagle MS-63 PCGS/NGC Random | eBay
Ancient Coins. Gold Bars 1 oz Gold Bars Fractional Gold Bars. Gold Rounds. Silver Bars 1 oz 10 oz Kilo 100 oz. Silver Rounds. Protect your Saint-Gaudens Double Eagle in style by adding an attractivedisplay box to your order.www.ebay.com
richc
NES Member
Fully agree. My order showed up today. Stunning coins, indeed.
Varmint
NES Member
Lot of stuff going on. I’d be careful not to attribute it to one thing like Credit Suisse cause there’s a lot of cross currents. The fact dollar is down, stocks up, Pm miners way up, probably means investors are sniffing out a Fed pause or pivot, due to Credit Suisse being the canary in the coal mine.
I do not believe it’s safe haven buying at all, the media are usually wrong about gold. If it were safe haven buying, dollar would be up and stocks down.
GDXU almost pushing 75% gains from the low last Monday. Gold ftw!
Varmint
NES Member
Wow. Are you in it I forget?
As often happens with gold, the move to $1620 is looking like a false breakdown. Same with stocks moving below the June lows. Was probably a one day false breakdown, a bear trap. Those trigger big short covering rallies as people get short thinking the lows are broken.
Win
NES Member
Just noticed the debt jumped 31 trillion to 31.1 trillion. With rising rates the interest on that has to be over 500 million (I’m guessing here) and rising. Are there any decent theories as to how the US will deal with this issue other than print dollars to pay debt? Is there any graceful way out of this?
Varmint
NES Member
Inflate it away, default, or financial reset.
In God We Trust
NES Member
I just heard about another FED rate hike. May cause an uptick in PMs because of the proximity to the last hike.
Varmint
NES Member
Higher rates are bad for gold but gold is probably improving because investors are doubting the central banks can go much higher. Another 0.75% hike is probably priced in already.
smokey-seven
NES Member
Good luck gang!
investinghaven.com
A Silver Price Forecast For 2023 - InvestingHaven
Our silver price forecast 2023 is 34.70 USD. We hold on to our longstanding silver price prediction of new ATH to be hit beyond 2023.
investinghaven.com
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