Hey fellas. I wrote a blog post and was just looking for some feedback related to my thoughts on the downward effect a parabolic move will have on the premiums on limited edition coins. Thanks in advance.
@Silver Scholar, you need to fix something on your blog so that people can post there, otherwise they will visit once and never return. I got to the ‘prove you are not a robot’ preview window and it would not permit me to post.
Here is the comment which I attempted to post:
As a cautionary note, we need to keep in mind the possibility of the diminishing returns from subsequent issues. Case in point – the Canadian Wolf – the first in the Wildlife Series of coins – fetches quite a bit more, on a percentage basis, than the Cougar & Antelope coins. Another example is the 5-oz America The Beautiful (ATB) coins, whose 2010 issue captured a lot of attention from collectors. I purchased a set of these and flipped them the very next day for twice what I paid for them. Now, the US Mint is having trouble selling even a smaller number of ATB’s than that first issue; people just are not interested in them.
So, buying a stack of the new ‘Freedom Girl’ coins and expecting these to double in value anytime soon may prove to be a frustrating lesson in chasing an investment. So I will stick with ‘Junk Silver’ and .gov mint coins in order to avoid becoming the owner of what are essentially 1-oz Silver rounds.
@MaryB, did you see that recent post I wrote, about having the opportunity to buy a large estate cache (over 60 oz melt wt. in AU) of Mercury Dimes at $30/0z? I am trying to gather the ‘dry powder’ to make this buy happen, will keep you posted…
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" Thanks for the replies guys. It does feel good to know that there are a lot of other people out there that think just like I do. One thing I know is that the average person has a very hard time buying something that is going down but find it very easy to buy something that is going up. Just look ... "Reply To: My Faith in Silver is Just About Broken
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I feel your pain. I agree with your analysis in all respects. I stacked in 1979-1980 til the cartel broke the Hunt Bros back. It took THIRTY years for silver to recover.
I came back into stacking April 2011 when it was apparent USA and West in general were failing rapidly. I knew PMs ... "Reply To: My Faith in Silver is Just About Broken
" Now that funny mammoth. We Canadians have a weird sense of humor. The one dollar coin is a Loonie (apt)
the two dollar coin is a Two-nie (crap)
The Canadian nickel has a picture of the queen on one side and a picture of a beaver on the other side. HRH E2 was not amused, or so I heard. ... "Reply To: Best Looking Silver Coin
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