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Posted on 05/05/2011 8:08:13 AM PDT by babble-on
That's a wise position for anyone buying collectibles of any kind. I think it's reasonable to have a collection - coins, stamps, guns - and expect that you're going to be able to sell some items for more than you paid.
” Maybe the Fed was right about commodity inflation?”
When the dollar has no return due to low interest rates, what else is going to happen? People will try to move to where they can get a return. They want people in the “safe haven” of US dollars and Treasuries. But in the real world, those are actual paying a negative return.
For the FED to want to keep rates low, AND to complain about commodities, they should go look in the mirror.
They want their cake and eat it too.
Next time oil goes up and they don’t increase margins on oil, remember this. ;)
Should hold at $36.00’ish strong support there.
My husband used to do silver casting, many children ago when $5 an ounce was very expensive.
Silver will hit 70.
thats what I really want to do once silver comes down...buy a few coins that have collector value and hold them for the grandchildren....any suggestions?
What I do is collect based on a particular group that suits my fancy - not unlike a stamp collector who focuses on a particular category, like "stamps honoring WW II". One of my favorites is a collection of silver coins of the British Empire. Since at one point "the sun never set on the British Empire", I collect coins from places like Antigua and Barbuda, Bahamas, Jamaica, colonial India, etc. You can even look for commemoratives stuck for places like Gibraltar, the Falklands, and on and on. Coins from the Isle of Man are cute - each year shows a different kind of cat:
So, find a collection that might interest you, and go from there.
Naaah...just part of the ebb and flow of a scarce and valuable commodity....The ongoing rise in price reflects the lessening value of “fiat currencies”...same as oil, copper, corn and coffee etc....
No trick here....just basic economics..
(BTW...if u have any silver kicking around Id be glad to pay u spot for it...)Most of mine was bought between $6 and $18 oz...I think its safe for me to start averaging in again...
Morgan silver dollars (Or other coins) from the Carson City mint (CC mintmark), in the highest quality you can afford. CC's are always in collector demand.
Next support level is 34.....
http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=D&b=5&g=0&id=p42483593703
Buy them 1964 silver dollars, or some other non-premium silver. Collectors get pretty disappointed that the premium they pay doesn’t go up when metals go up. There are financial crisis scenarios where the collectibles go for melt price.
It might. But then, the new technologies being used to drill for and extract crude oil are more expensive than they were last time oil was $70 or below for any length of time. That'll be self-correcting, and we'll see another cycle if oil doesn't find support at 80-90.
Proof coins or high mint state coins go on sale every year, and the premium isn't that great. Despite relatively high mintages for some coins, the collector premium remains and is always less when the coins are fresh off the press.
When bullion demand drops the collector coins still retain collector value (sometimes well beyond their intrinsic value).
When bullion demand is high, you'll have bullion coins or 'junk silver' to trade with at bullion prices, and the collector coins ride the wave of higher bullion prices as well.
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