TomD Posted October 23, 2008 Report Share Posted October 23, 2008 Whatever coins I have are an outgrowth of my decision in 2004 to start buying bullion gold and silver as an investment. Most of my money went into very prosaic stuff like Krugerrands, gold and silver Maples and Eagles, etc. As I began to notice the beauty of some of the offerings, my interest began to branch to more esoteric stuff but I've never become a numismatist. I have no clue what is happening in the world of coin values. Virtually everyone in the civilized world is aware that markets of all descriptions have recently gone nuts. To those of us who invest in bullion the markets have been, shall we say, less that satisfactory. The theory with bullion is that it is safe haven in time of rapid inflation, monetary uncertainty, and very trying times in general, which I think would be a decent description of the past several months. It didn't happen that way with metals with spot prices rapidly plunging in concert with other commodities and in inverse correlation with the value of the US dollar index. There is one very strange aspect of spot prices, you can't actually buy any metal for what is defined as spot. A year back, I was aggravated with my local dealer because he wanted spot + $1.00 for bullion silver. That was too much for me because I could get it online for spot + $.30 to $.50 on average for 10 and 100 oz bars of silver or Engelhard rounds, etc. Now, if you can find anything at all to buy, you will pay premiums of $100/oz for gold and $5/oz for the most generic and least desirable forms of silver. What is happening to the value of numismatics? PS: I sold most of my bullion holdings last spring to buy a house on acreage in Florida. Quote Link to comment Share on other sites More sharing options...
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