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Posts posted by Alex in PA.
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53 minutes ago, Woods020 said:
Still baffles me that what was intended to be bullion gets the fanfare and grading wars that it does.
You are not alone in this thinking. Dealers, TPGs, etc. are very cunning and find many ways to improve their income. Everything in the hobby industry has been created by dealers to benefit dealers. Just my opinion and nothing more.
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8 hours ago, Jason Abshier said:
I noticed bullion coins from other countries carry nice premium over some graded silver eagles ,
And I've noticed that some foreign bullion coins are higher quality but less expensive. Canada -
2021 Canada 1 oz Silver Maple Leaf $5 Coin GEM BU .9999 Fine sells 25 to 99 for $34.00
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7 hours ago, Jason Abshier said:
nice thing about some world bullion coins is you get a different design about every year
You're right about that. Some of those are outright beautiful designs. I have several rolls of 2016 ASEs (20 each) and I have no desire to pay to have them slabbed.
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I must say; this forum does get better as time goes on.
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14 hours ago, Quintus Arrius said:
with millions behind closed doors due to C-19 concerns,
Your summation is a very interesting read and I must agree with certain aspects. Every time a so called 'Stimulus Check' came out our local liquor store ran dry. The only Gold Pennsylvanians were buying was 'liquid' gold.
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1 hour ago, Jason Abshier said:
they are a beautiful bullion coin ,
And that's all they are IMO. Dealers like to place a large markup, especially on the graded ones as if they are 'scarce', but in the end all you have is silver bullion.
Kitco silver = $25.80 per ounce
Pinehurst coins = 2021 uncirculated Silver Eagle sells for $39.16 if you buy 20 to 99.
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5 hours ago, GoldFinger1969 said:
Hundreds of millions of people buying a few ounces each......a few million buying alot more.....a needle-mover.
You dream. Hundreds of millions of Americans? are spending their Covid checks on gold???
Monetary policy controlled by the Federal Reserve is perhaps one of the biggest influencers on live gold prices in the market. Interest rates exert considerable influence on gold prices due to a factor known as "opportunity cost." Low-interest rates yield nominal returns and real money losses. In situations like this, gold becomes a great investment option, as the opportunity cost for not relying on your interest-based assets is much lower. Want to raise the price of a precious metal; stop mining it. Who are these "millions" you refer to. Not us so maybe the Europeans are in better shape. We can't even get people to return to work; how will they buy gold or palladium?
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1 hour ago, GoldFinger1969 said:
No way.....very few billionaires would buy crypto in size....too risky.
In February 2013 1 BitCoin sold for $22.00. Today it sells for $38,000.00 per BitCoin. So maybe Billionaires don't buy it but at $38,000.00 a hit someone is and it isn't me.
2 July 2020, the Indian company 69 Shares started to quote a set of bitcoin exchange-traded products (ETP) on the Xtra trading system of the Deutsche Boerse.[131]
1 September 2020, the Wiener Börse listed its first 21 titles denominated in cryptocurrencies like bitcoin, including the services of real-time quotation and securities settlement.[132]
October 2020, PayPal announced that it would allow its users to buy and sell bitcoin on its platform
Granted CryptoCurrency had it's ups and downs but if you would have bought 200 on 3 January 2009 imagine where you'd be today. Me, I wouldn't buy 1 BitCoin or BitGold or Bit whatever. I like to see and touch. What you said about CryptoCurrencies was like to what we programmers said about Microsoft in 1981.
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gmarguli is correct. More and more we have seen well know and newly established coin dealers offering IRAs in precious metals. Some with the option to store the metal for you or you get to store it at a place of your choosing.
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29 minutes ago, gmarguli said:
Anyone who wants a cheap hedge and quick liquidity is not buying physical.
What do you think. Cryptocurrency perhaps. Some new ones on the Market.
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Beautiful coin but, as JKK says, it will go higher.
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9 hours ago, GoldFinger1969 said:
but U.S. corporations would have a problem justifying such an expenditure.
Surely you don't mean this. Are we talking about the same giant corporations who used their 'Bail Out' funds to party in Las Vegas? Or perhaps the ones who used our tax dollar Bail Out gift to vacation in the Caribbean?
Lehman Brothers, the financial services firm that filed for bankruptcy protection in 2008, had that problem. Its 3,500-piece art collection, with works by such bankable artists as Jasper Johns and Andreas Gurky,
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You 'collectors', at present, have no idea who or what bought this coin. As I said, people who are worth billions often get bored. Perhaps Exxon-Mobile or China National Petroleum bought it. Would be the first time a major corp bought a valuable item. Get a picture of this coin everyone is so enamored with and stare at it. That often helps.
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On 6/14/2021 at 5:43 PM, Quintus Arrius said:
I forgot all about it,
Nice Quarter.
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That style of picture posting reminds me of someone we haven't heard from in a while.
- JT2 and RonnieR131
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27 minutes ago, gmarguli said:
We don't know if any of them were actual coin collectors.
Often we cannot fathom why people do the things they do. Wealth, exceptional wealth, is a great motivator.
The world's ultra-wealthy spend money on things that most people can't even fathom buying.
One tech billionaire bought his own Hawaiian island, and a hedge fund manager spent at least $8 million on a 14-foot preserved shark. Some unknowns are buying tickets for trips into space even though they are not astronauts.
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- Popular Post
- Woods020, Just Bob, coinsarefun and 2 others
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11 minutes ago, VKurtB said:
I went into my bank branch a few days ago in Huntsville, Alabama, and all three tellers had dollar coins in their change holders, and half dollars too. I was there to get my down payment for my new homestead in Dixie.
Some years ago, when I was living in Anchorage, the local Post Offices gave SBAs in change if you bought a book of stamps from their little kiosk thing.
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Are you thinking of using the NGC services?
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1 hour ago, JKK said:
I know it's not someone
Got another one in the last 30 minutes. This place is popular.
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Well, it's an 1883 'Morgan' Dollar and in nice shape. Of all the Coin Forums how did you happen to choose this one?
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16 minutes ago, JKK said:
"cheap MUT 22 coins"
Sorry. I know why it got the 'poof'. It was SPAM and Just Bob called it out and I believe he and I reported it as SPAM. Sorry for that.
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18 minutes ago, EdG_Ohio said:
I have to agree w/VKurtB
Me too. So called 'Errors' etc belong in a parking lot. To make a big deal of malfunctions in mechanically produced items is 'bananas'. What man can create - man will screw up.
Early Silver Eagle Proofs
in Newbie Coin Collecting Questions
Posted
Silver and gold I always try to buy Canadian (.9999) and Silver Maple Leafs the smallest I have ever bought is the 25 each roll.