"The Decade of EPIC Begins"
Ron Paul Speaks - Without a Teleprompter! (East Aurora, NY) http://www.youtube.com/watch?v=SEtS5r3REEYRon Paul 2012 - The Gold Standard of Government.
Perfect timing.Through an inheritance, I have a good amount of Numismatic coins that I would like to flip into plain precious metals. Majority of the coins are junk silver types, unfortunately.For example:US Capitol Bicentennial Silver DollarUnited States Korean War Memorial CoinSmithsonian Institution 150th Anniversary Commemorative CoinsWorld Cup USA 1994 Coinsetc.....What's the best way to get top dollar for these? Any recommended resource to dig up the values of these, like a Beckett for these?Thanks folks. Completely oblivious to numismatics, but looking forward to learning a bit more about it.Cheers from Seoul, North Korea.
1. Brother john is right about numismatics ONLY if you are collecting them and if you think TEOTWAWKI is NOT near.2. When people are pointing their guns at me demanding food, it will make NO difference if I pull out a lunar tiger instead of a buffalo.3. ANYTHING can be counterfited. I completely DISagree with him reiterating these facts. I have seen 9/10 pandas that are fake. In fact the rarer it is, the more counterfiters it attracts. 4. This is collecting, not preparing.Just my thoughts.
@SGSI'm on that boat still. I don't have the excess cash to take a bet on Numismatics. But I'd like to sell my old man's coins at a great profit if possible.---@AdamJust curious if your opinion on junk silver has changed since you've purchased... If the Maples were really worth it at the end of the day or not. What was the premium you paid for 'em?---The Stylistics sing the story of our lives...http://www.youtube.com/watch?v=ExWtwDYwOQU"Wall Street losin' dough on ev'ry shareThey're blaming it on longer hairBig men smokin' in their easy chairsOn a fat cigar without a care"
I agree that you should be prepared, but dont put all your eggs in one basket. Sounds like you ready for some Mad Max shit to happen. At least buy a few and stash em for a history lesson with your grandchildren in 30 years.
Dont buy the Tigers right now at $90... buy the new ones right when they come out. I dont buy graded shit (unless I get it for $2-3 over spot, but thats rare). And yes, Panda's are faked quite a bit, but the counterfiets are easy to spot. The artwork is garbage compared to real ones.
Thanks SGS, I just learned I have more money than I thought!
My Families plan, is to become or own Central Bank ! My father has never invested in the stock market.. He has always put his money in to the Precious Metals, Mostly Silver.. I have a wide collection of Silver myself.. Junk, Bullion to Rare coins.. Most likely, Silver will come down to just being Silver.. Who knows where silver will go.. Twenty Thousand dollars an ounce.. Yea that's out there, but who Knows ? If so, those little ole junk dimes will be worth a lot.. Who wants to trade a loaf of Bread for an ounce, when a Dime could do the Job !
Perfect example of how not to buy numismatic coins when preparing for TEOTWAWKI... http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3207328788991 oz Gold China Panda... MS70... fucking stupid price.I would have bid about $20 over spot and moved on.
Some good points. But picking the koala over the mouse is likely a poor decision. Koalas have unlimited mintage. 1oz Mouse has maximum mintage of 300k. The reason the 2010 tigers and 2011 rabbits are more $'s is that they have reached their mintage 300k cap. Kooks are also better than Koalas as they also have limited mintages (although more than the lunars). Additional advantage of lunars is that people like to have all 12 coins in a set... For appreciation beyond the silver value, mintage is key thus Lunars are better than Kooks are better than Koalas.One big potential disadvantage to numismatics is that you have to market your coin yourself. Not a big deal with eBay, but if you take your Series II tiger down to your local coin shop, they'll most likely give you spot for it. The key is being able to reach those that want your coin. You can also sell back to APMEX or Gainesville. Another way to look at numismatics: they can provide downside pricing protection. When silver dropped from near $50 to under $40, I didn't change the price of my Series I lunar tigers on eBay and still sold some in BIN auctions. Try that with generics.
I found a really CRAP site called The Silver Chronicle !!!!!!!!!!!!!!!
F$?k OFF spambot!!!!!!!
Numismatics is just a form of collecting like art or antiques. They can be in or out of favour depending on fashion.Bullion coins have intrinsic value in their "real" Silver content, whereas, numismatic coins have value mainly in their "perceived" value which is open to interpretation. Stick to the real thing.
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@PaidInGoldSeoul is South Korea...
It doesn't seem to me that SGS was advocating just willy nilly buying Numismatics at inflated prices. I think his point was that if you can buy coins that have the potential to become valuable later for slightly over spot today then it makes sense to spend a couple of extra dollars on it. I started researching some of the coins I own after watching the video. I have a 2002 year of the horse that I bought less than a year ago for $34. People are selling that coin online for 175-200. I would not pay 175 for that coin today, but at 34, I would rather have that than a 1 oz round from the sunshine mint for 32. I also have a 2002 Kook that I bought the same day for the same 34, and it is selling for 75.I have seen a lot of opinions in the 3 years I have been buying silver. I have bought junk, eagles, rounds, grizzlies, maples, phillys 1,5,10 oz bars, 5 oz. coins, 2 oz. coins, 1/2 oz rounds, I have all sorts of different shit. But this strategy I watched last night makes a lot of sense to me. Thanks SGS, until now I was really listening to Schiff who says don't bother with numismatics because they are overpriced. Now I know how to buy them and will follow your sage advice.
The argument of non-conterfeitability is truely flawed in my opinion. Everything can be conterfeited. even van Gogh.Anyways, Money is for 99,9% a object of usage not of value, what they purchase with it has value. So i also find the reasoning about strong hand pretty flawed.Anyways SWHTF
@RevelationsSorry, typo on my end.I'm in Pyongyang, South Korea.---Anybody know where I can off-load collectible coins for top dollar? Is eBay the place to do it?
yea but the fees suck and paypal is terrible
but still the best place IMO
harvey organ says there is extreme demand for silver delivery this coming week. Its the wave of buying that is sweeping the us catching up with the primary producers. The dealers have ordered more and the stampers need 500 oz bars, gold has been on the news the past three weeks, and when people come online to do research on investment, they end up at website like this, screaming buy!
In the context of this blog, there is no validity to any extra "value" allegedly inherent in numismatics. Are we preparing for a currency collapse or a fucking coin show? If people want to pay too much for pretty coins then whatever floats one's boat... I guess nice champagne and cologne should be bought before food, guns and ammo too right?
and the sheeple not loading up on phyzz might want to consider buying lots and lots of condoms, because they're going to get so fuuuucckked that their great great great grandkids' asses will still feel the hurt...
@mark you forgot K-Y jelly on your list....
@Dan: have the crooks ever used lube on us before? Why start now? They need all the fiat they can get a hold of to keep silver down.
Best Quote On This Thread goes to DM."Are we preparing for a currency collapse or a fucking coin show?"Please come to the front stage to pick up your prize.
Guys I am an Australian and buy these coins all the time. However they have a Numismatic coin and a bullion grade coin. I can't tell the difference, one has a certificate the other has no certificate. You can buy 100 Lunar rabbits right now @ $AU46.35 15/08/11
P.S. The Numismatic Rabbit is $AU92.50 sold out
The buffalos are rounds they can be confiscated. The Maples, Eagles, Aussie Silver coins can be used as legal tender therefore they should not be able to be confiscated.
Legal Tender can be confiscated at anytime, they just demonitize them. Just ask the folks with the hoard of '33 double eagles. I want something that doesn't have the Queen's mug on it. I keep trying to figure out who is more important her or Rothchild?