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Posts posted by Morpheus1967
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On 12/8/2021 at 6:54 AM, J P Mashoke said:
Question ? So 10 ungraded one ounce silver eagles will not sell for as high a price as one 10 ounce silver bar ?. Also what about some dates are rare and worth more than other dates?
10 raw silver eagles will undoubtedly get you more per ounce than a generic 10 ounce bar.
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On 12/8/2021 at 7:06 AM, Tony Follis said:
J P Mashoke, that is correct as investors prefer ten ounce silver bars (ten ounce bars are very popular for average people to invest in silver) over ten ASE's. Check out recent sales of ten ounce bars vs ten ASE's. It applies to all dates of ASE's regardless if it's the regular, proof or burnished version of an ASE in NGC MS70 or PF70. The main reason is bars of silver and gold are widely used as a hedge against the things I listed in my previous post and not coins made from those medals and are much easier to sell in good times for a profit. If fact this past Friday I brought my ten ounce bar of silver to work and my boss offered to buy it from me for $320.00 on the spot in cash. I bought that bar back in 2008 when the spot silver price was $8.00 per troy ounce and currently the spot silver price is around $22.00 - $23.00 per troy ounce.
Why do you keep comparing graded eagles to bullion?? NOWHERE does the OP say anything about graded eagles.
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On 12/8/2021 at 5:10 AM, Tony Follis said:
Morpheus1967, with all due respect a ten ounce bar of silver on average goes for $300.00+ on ebay or any other silver dealer website everyday while an ASE in either NGC MS70 or PF70 in most cases doesn't go for nowhere near as high a a ten ounce bar. For example, I recently bought a NGC MS70 2013 Burnished ASE on ebay for a total of $91.12 NGC has that coin listed at $150.00 in that grade in the price guide currently. ASE's melt value is currently around $3.00 - $5.00 over the SPOT price silver (depending on the year) while if you buy a ten ounce bar from a silver dealer it already has a serial number (in most cases) on it and commands a premium. Another thing is the OP said he wants to buy twenty one ASE's for every year. That's all fine and dandy but it would cost him in the ballpark of $2,000.00+ for UNGRADED ASE's for every year. I was just basically giving him a cheaper way of acquiring the twenty one ounce he wants in the shortest amount of time so that he would be able to turn a profit if he wants.
Always remember that professional money managers who control hundreds of billions of dollars are going to buy bars of gold and silver for their clients in uncertain times, when the stock markets looses hundreds of points in a trading session or in ultra high inflation times to protect their client's wealth and not coins made from those medals. The cheapest way the average person can have access to gold and silver is either by buying gold and silver coins or by investing in the GLD or SLV. The GLD is exchange traded fund that tracks the everyday movement of the price of gold per troy ounce and is backed by physical gold but you have to pay a certain percentage. The SLV is the same as the GLD but it tracks the everyday movement of the price of silver again per troy ounce.
Anyway I hope this helps everybody understand my previous statement regarding the subject.
I'm not even talking about graded coins. So you mean to tell me you are actually comparing a single silver eagle to a 10 ounce bar?
Nowhere on this planet will 20 raw silver eagles a year cost $2,000. You are comparing raw eagles to graded eagles to 10 ounce bars. Your argument does not hold water.
Also, it is not "typical" for 10 ounce bars to have serial numbers. Some of the higher end collectible bars will, like Engelhard. But most definitely will not.
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On 12/7/2021 at 10:02 PM, Tony Follis said:
If anyone is just merely wanting gold or silver bullion maybe they should go to an online bullion dealer such as sdbullion.com instead of buying ASE's or gold coins. Anyway it's just a thought.
To the OP: If you're wanting a total of twenty one ounces of silver ( buying twenty one ASE's equals twenty one ounces of silver) you could buy one NGC graded 2021 type 1 or type 2 MS70 ASE and two ten ounce bars of silver from sdbullion.com (the bars of silver will appreciate in value at a much faster pace than ASE's) which would be a lot cheaper compared to buying twenty - one ASE's since it seems to me that you're just looking to make a quick buck or trade and not be a true ASE collector which requires time and a lot of patience for ASE's to appreciate in value.
I'm sorry, but this is a ridiculous statement. Silver eagles will always maintain a higher premium than a generic bar of silver, especially a 10 ounce bar. If the value of the 10 ounce bar rises, the silver eagle will rise at a rate at LEAST commensurate to that of the bar.
- GoldFinger1969 and Mohawk
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- Popular Post
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Zero chance this happened.
- Woods020, Alex in PA., Mohawk and 1 other
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Having not seen the obverse, you would have to ask yourself why the seller has not submitted it for grading.
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Literally two posts above yours:
On 11/23/2021 at 1:21 AM, KR614 said:Do you at least have it set up someplace so that I can enter my coins into my registry? If you do do you have it someplace where I can find it?
On 11/10/2021 at 2:52 PM, Ali E. said:Hello, Vess1.
Thanks for your interest. They do have their own set here:
Category: Modern Special Issues
Set Name: Morgan and Peace Dollar 100th Anniversary Set, 2021, Mint State, Complete -
I would like to see a series featuring scientists/inventors. People who have truly contributed to bettering our lives. Einstein, Tesla, Curie, Turing, Newton, Darwin, Hawking, Galileo to name a few. (Edison if you have to, but at a lower denomination than the rest lol.) Even some of the old school thinkers. DaVinci, Michelangelo, Aristotle, Archimedes etc.
- RonnieR131 and Hoghead515
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On 11/14/2021 at 4:43 PM, Vero86 said:
Thank you Mohawk, yes probably were I'm getting the information is wrong, I appreciate your comments, this is why I ask because I know that I will get a straight answer, will be more carefull on what I read.
You don't have to be careful about what you read. It's what you believe where prudence is best exercised.
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- Alex in PA. and Mohawk
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On 11/9/2021 at 12:54 PM, Coinbuf said:
I never pay much attention to post count, I know of several PCGS forum members that have put up massive post counts is a very short time but never say anything that I find of value to read. Same thing here with posters here like slick or ratzze, lots of posts about junk or nothing at all.
Then there are those over there that literally post something in every damn thread, and most times it adds nothing to the thread. (The guy with the 85,000+ posts over there.)
- Alex in PA. and Coinbuf
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On 11/9/2021 at 9:35 AM, Alex in PA. said:
Agreed. More junk. And here come the proofs, the reverse proofs, enhanced finishes. How long before they issue a special edition gold peace or Morgan dollar.
- Alex in PA. and Raygun99
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On 11/8/2021 at 1:50 PM, Keith Dee said:
See that’s why I asked because I’m not familiar with these type of coins and wether or not they can be used as currency. I didn’t ask for anyones opinion on politics so let’s not go there for anyone with such an opinion. If you don’t care then don’t be a troll and move to the next persons question that you can probably helpful with.
I'm confused. Are you calling me a troll?
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Yep, the political stuff is big. A friend of mine runs St. Louis Mint and they just announced a pre-order on Facebook for "Let's Go Brandon" custom one ounce bars. He sold over 700 of them in less than 24 hours.
- Hoghead515 and JT2
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On 11/5/2021 at 1:36 PM, Alex in PA. said:
Okay, we're going to say you're right. There is an NGC Post Office and we will not argue any further. What I can't understand is why you people, who know this, will not share the address and Zip Code of this NGC Post Ofiice, Fl so people like me and Zig556 won;t have to suffer the USPS screw ups. With that information we could send our submissions direct to NGC.
What do you mean "you people"? I'm just a poster on this forum. I'm just relaying information that has been posted by employees of NGC time after time. You could very well be right and they are blowing smoke up my arse. I have no clue. If you have a beef take it up with NGC.
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Well here is another thread where she says the post office box is on site, and that there is an office there for the post office. So semantics I guess.
Thank you.
Our Post Office box is actually located at our facility. We have an office here on site for the post office.
Thank you,
Lisa
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On 11/5/2021 at 12:33 PM, Alex in PA. said:
Could you please tell me the Zip Code for this "Post Office". ?????
I have no idea. See the post in this thread by Lisa. They have their own post office on site. Lisa's quote::
Hello,
Just to let you know, we have our own Post Office on site with postal workers. All mail is delivered to us directly, we do not pick up the mail. We have a big back log of mail. We are behind scanning orders as delivered. If you package shows "Delivered" I'm sure it is here in the building waiting to be opened.
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On 11/5/2021 at 7:09 AM, Conder101 said:
Maybe NGC was closed for some reason and they couldn't get into the post office.
Perhaps, but Ali was online dealing with the registry requests, so wouldn't really make sense.
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Never heard of that. NGC literally has a post office in their building.
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If you are going for a toned set, it's all personal choice on what you like. Even if you weren't, and were jsut going for a full set of Morgans, well, some guys like blast white coins, and won't consider anything but. It's really a matter of personal preference. But a full set of Morgans, at MS65, and toned, is going to be really expensive. Sure you will be able to knock out quite a few, but the harder date/mintmark/toned/MS65 combos are going to be ridiculously expensive. The toner market can be insane. Add that to one of the most popular sets to collect out there, and well....
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2021 is not a good year for the mint in regards to quality and customer service.
2022 Silver Eagles Price
in Newbie Coin Collecting Questions
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Jim Cramer says 10% max.
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Forbes says 5%-15% max.
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Provident says as much as 20%. And they sell precious metals!
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The Street says 5%-10% max.
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Marketwatch.com says 4%.
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So you go ahead and do 25% minimum.