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Lear Capital: Hedging Physical Silver with Physical Silver

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Sponsored Post by Lear Capital

Hedging Physical Silver with Physical Silver

Investors who truly believe in the protective qualities of physical precious metals in a portfolio can own a variety of both bullion and investment collectible coins. Aside from the collectible coins' one-time exemption from confiscation and the belief they would again be exempt if such event recurred, other attributes of collectible coins are strong attractants to those who wish to hedge the metals market with a collectible coin in the same metal. A keen eye for changing trends in the values at which collectible coins trade, can bring to light some very appealing strategies.

An example may be where a particular grade of coin is trading nearer the melt metal value than would be considered normal. This may trigger a buy signal. Other times, a trend may appear where coins are trading at values that haven’t moved up with the metal market itself.

A specific example of exactly that, today, may be the Peace Dollar grade MS66. At its height, this coin traded at a wholesale price of $3500. At its low it traded at $575 and today it trades at a suppressed $650, a mere fraction of its historical potential and barely above its historical low. Prices of lower grades behind it have already moved dramatically higher. Now, the trend indicates it's just a matter of time before the MS66 follows suit and moves back to a trading price of $975 - 69% higher than where it sits today. However, from an historical standpoint, this coin's price would have to rise over 400% just to approach it previous high.

Here lies one big reason the percentage of those buying collectible coins as investment now exceeds the percentage who buy for the sake of collecting. Savvy investors are learning that the market for collectible coins can hedge the purchase of the same metal of the coin.

So, for the investor that believes in precious metals as a store of wealth, and would also like to explore the potential for greater gains using both bullion and collectibles, consider this strategy. A $10,000 investment into silver may include $5000 in MS66 Peace Dollars and $5000 in silver bullion.

Trends suggest both are headed higher. However , if silver returns to its prior trading range, around $20 an ounce, you lose 40% on the metals trade. If, the Peace Dollar, even in a down metals market, returns to its normal trading range of $975, that's a 69% increase. Therein lies a hedge against loss in the Silver market itself, using the same physical metal. How? Because demand for the Peace Dollar is based less on spot prices than its own supply/demand fundamentals. The bonus is that over the long-term, the numismatic coins have out-performed the metals market for years now. These types of strategies can help lower risk and increase profits both on a short and long-term basis.

In our hedging scenario if silver bullion moves down, it may be because stocks, real estate and the economy are in full recovery. Then, who cares what bullion did if you bought it for its purpose of hedging against economic uncertainty. But after all that, why not leave yourself the potential for profit that’s on the table now.

It isn’t a sophisticated options strategy that would impress the best of traders, but it makes a heck of a lot of sense when you like to be able to perform a profitable trade without years of experience.

If you want to learn more about collectible coins and some strategies that can make sense in a world of hedging, call Lear Capital at 1-888-284-9350 for your FREE Gold Investor Guide and a collection of FREE Special Reports. Or, click here to visit our Commodity Center for 24 hour real-time metals prices and an opportunity to request our FREE Investor Guide and Special Reports.

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Thu, 03/03/2011 - 17:29 | 1016454 TimmyM
TimmyM's picture

Crap! I thought I was the only one doing this.

Thu, 03/03/2011 - 17:52 | 1016528 Sudden Debt
Sudden Debt's picture

Nop, me to :)

 

Sometimes I can't believe I can buy coins at melt value that are XF and 150 years old.

I recently also bough 9 Napoleon 5 francs coins (age 8 to 14 with B mark Belgium occupation) (27gr 900 Ag) for 400 euro and they are all XF and VF. I don't think those are expensive.

I have a huge lot of south american silver coins all before 1900, from every european country before 1900, American and English coins, a hughe lot of Belgium silver...

I'm actually selling 1 oz coins to buy antique coins now because of they have all this history behind it and it's just so fascinating to read about them and learn their history.

You need to really check those coins, but so far I only had about 13 fake coins and paypal refunded all of them.

If silver would ever go to 300, I'm switching to gold coins.

Thu, 03/03/2011 - 18:06 | 1016578 TimmyM
TimmyM's picture

Yea, I stick with uncirculated US silver at less premium than Eagles.

 You can buy uncirculated 40% Kennedys below spot!

Thu, 03/03/2011 - 18:24 | 1016643 clymer
clymer's picture

 

Confiscation? C'mon, people. I can count the number of people I know personally that have divested outside of their normal thought process, and into PM's on one hand - and that was purely the result of me pleading.

America is fast asleep, and the gub'mnt would get all of a handful of ounces after declaring such a draconian move, all the while we all watch communist China encourage it's citizens to run out and buy them - and then point to our constitution (the part where it describes legal money)

This would be stupid. But hey - who ever said we Americans aren't stupid

Thu, 03/03/2011 - 21:11 | 1017130 Hugh G Rection
Hugh G Rection's picture

i hedge my silver with jacketed lead.

Fri, 03/04/2011 - 08:55 | 1017987 Cash_is_Trash
Cash_is_Trash's picture

Isn't numismatics fun!?

Thu, 03/03/2011 - 23:01 | 1017341 IQ 145
IQ 145's picture

 This is an investment; I don't give a shit what the forking coin looks like; 200% silver bullion, in bars; in a bank not too far away from you; on margin; eh? for the other 100%. Paying off big throwoffs in dollars; which, of course, unless, you're a complete lunatic; you understand you will be using for the next five years; at enormous profits to me. Wake up; please. Your retirement account is not a coin collection. and vice versa.

Fri, 03/04/2011 - 04:06 | 1017816 2 cents
2 cents's picture

Sure, that's cool.....enjoy your coins. My roll of 50 cent "Bugs Bunny" Franklins always make me smile....in 1955 the US mint clashed their dies and accidentally gave some of their Ben Franklins buck teeth!

However, when you get into graded coins at high prices (many multiples over their melt) as this salesman is suggesting, it's a whole nother story.

Grading is extemely subjective, even from the major grading companies like PCGS, NGC, etc!

I've known people that have lost huge amounts of money buying graded and slabbed coins that nobody would by for any price near what they paid.

Also, if the shit really does hit the fan, all silver dollars will be equal.....

 

 

Fri, 03/04/2011 - 03:00 | 1017771 OldPhart
OldPhart's picture

I'm an official thousandairre!!

Thu, 03/03/2011 - 17:30 | 1016455 NotApplicable
NotApplicable's picture

No thanks, I'll hedge with Beanie Babies first.

Thu, 03/03/2011 - 17:40 | 1016499 johnQpublic
johnQpublic's picture

believe it or dont, a good friend of mine was convinced those damn beanie babies would have value forever.

i tried to talk sense into him.

he bought a shitload at their peak prices.

it was his(no shitting you) retirement plan.

like 70k dollars worth of the things that are now worth prolly 70 bucks for the lot.

how many people collect value free crap like that, longaberger baskets,franklin mint collectible plates

and they truly believe it is a store of wealth that they can one day draw upon

makes me ill.

Thu, 03/03/2011 - 17:52 | 1016531 traderjoe
traderjoe's picture

Too bad there wasn't a way to short the Beanies. Absurd. 

I'm selling a lot of basement collectibles/crap on eBay right now. 10 years or more after purchase, I'm getting 20 to 50 cents on the dollar for a lot of stuff. Collecting just doesn't make sense unless you really enjoy it as a hobby. 

Thu, 03/03/2011 - 18:12 | 1016602 tmosley
tmosley's picture

It only makes sense when no-one else is doing it, and you are in an economic uptrend.  Then you can capitalize on the nostalgia of the new rich.

When too many people start making money, everyone does it, and those things that are collected never actually gain any value.

Thu, 03/03/2011 - 18:57 | 1016774 impending doom
impending doom's picture

Exactly. Like baseball cards or comic books; they were quickly discarded, but once boomer nostalgia set in: Action Comics #1 value $1,000,000... Suddenly everybody thinks the mass-produced stuff of today will be their ticket to riches in the future.

Fri, 03/04/2011 - 00:02 | 1017514 GoinFawr
GoinFawr's picture

So there's still yet hope for my SNES cartridge collection!?

Thu, 03/03/2011 - 19:08 | 1016816 -Michelle-
-Michelle-'s picture

That is sad in so many ways.

Thu, 03/03/2011 - 17:59 | 1016559 Oracle of Kypseli
Oracle of Kypseli's picture

If the fear is gold/silver bullion confiscation, then roughly made jewelry will be far better than collectible coins. Collectibles may also be confiscated and be reimbursed at the official rate. The chances of jewelry confiscation and destroying a whole industry is nearly zero.

See the story I posted sometime ago. click on the post below:

#355166

 

Thu, 03/03/2011 - 20:40 | 1017078 Bendromeda Strain
Bendromeda Strain's picture

+480gn

I would have belt buckles that would make rodeo champs and pro wrestlers cry!

http://www.backyardmetalcasting.com/

Thu, 03/03/2011 - 21:18 | 1017141 DosZap
DosZap's picture

Lets assume we're IDIOTS.

The Gv't says we want em.

A 1oz Eagle Gold, is legal tender for $50.00, you think for ONE second you will get SPOT?.

Dream on. The US Gv't supposedly has approx 8100 metric tons of gold bars, official price is at an unreal stupid price of  $42,xx per ounce.

I read an article that said they WERE going to seize,order it turned in, when it hits $2k per oz, YOU will receive $200.00 per oz.

Mighty white of em I'd say.

And to add to that, they can kiss my ass, as I will give them Mao's special first.

My version of Political ower.

The roiling hatred I have for thieves , esp the ones elected to take the best care of their country,the Const & BOR's, and people beggars description.

Especially when I KNOW its on purpose.

Call me Santa Anna,because there will be no mercy if it comes down to show em, or fold em.

No Mas, No Mas.

Thu, 03/03/2011 - 22:46 | 1017305 DoChenRollingBearing
DoChenRollingBearing's picture

+ Dos Mas!

Fri, 03/04/2011 - 10:14 | 1018230 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

In that case one could just invest in a welding torch and a bucket of water.  If worried about the man, melt your bullion into gold or silver shot and claim its for your hobby of making jewlery.  You'll lose all that premium but still have your metal.

I have wondered if it would be worth creating a rough mold of a rare coin of each metal.  Worse case scenario...you cast a bunch of fake collectibles that won't pass the sniff test of a real collector but at least the IRS lackey reviewing your holdings may believe them rare (if collectible coins are exempt).

Fri, 03/04/2011 - 14:35 | 1019586 Thisson
Thisson's picture

Silver confiscation is not a realistic possibility, because total private silver holdings are so small and diffuse.

Thu, 03/03/2011 - 18:20 | 1016633 SilverIsKing
SilverIsKing's picture

I am holding some mint original BBs with mint tags.  Let me know if you're interested.  I will accept only gold and silver as payment...

:)

Thu, 03/03/2011 - 20:33 | 1017066 Windemup
Windemup's picture

Beanie Babies? My niece a few years ago sold one on e-bay for 525.00US. I was stunned. She picked it up at McDonalds with here kids value meal. What a deal.

Thu, 03/03/2011 - 21:30 | 1017158 DosZap
DosZap's picture

How about a few dozen complete Barbie and Kens, or Howdy Doody Lunch boxes,Lone Ranger, Roy Rogers,etc,etc.( those are going for a small fortune now).

When I was a kid, their was nothing but copper, silver and gold coins, and Silver and Gold certs.(cashable at the only bank in town).

We were young and stupid, always on the lookout for a Lincoln 43 copper, or a '09 VDB "S".

How many treasures I passed over.

One, really two still make me sick, we kept baseball cards in shoeboxes.

I had, HAD, a Honus Wagner card, and a Ty Cobb, the BABE,Pee Wee Reese,Ted Williams were a dime a dozen,Mantle, Maris,etc.etc.

I have NO clue were Mother threw them away.......lo, those many years ago.

Thu, 03/03/2011 - 23:01 | 1017344 IQ 145
IQ 145's picture

 Coin Collection=Beanie Babies; same thing. utterly riduculous.

Thu, 03/03/2011 - 17:30 | 1016456 Harmonious_Diss...
Harmonious_Dissonance's picture

I like numismatics just for the collection/history value. It's fun to have an assortment of history, plus they make great gifts for kids!

Thu, 03/03/2011 - 21:35 | 1017161 DosZap
DosZap's picture

VERY mature KIDS.

I worked in the early 70's part time 7-11, had a kid bring in a $20 St Gaudens,to buy candy and crap.

I knew, someone was going to be dead later..............LOL

Luckily his Mom came in, described it, and said she had to get it back, or else.(the kid was DOA).

I laughed and told her I knew someone would most ,likely come in frantic, so once she told me what it was, I returned it to her.(the kid, to this day owes me his life), LOL.

Fri, 03/04/2011 - 04:55 | 1017836 Sudden Debt
Sudden Debt's picture

I remember that when I was a kid, I traded my mothers jewelery for a cheap ass watch.

When my parent found that they went crazy and went to the other kid and their parents.

The parents first said they didn't have them anymore and closed the door.

All I remember is that my dad had the cop come over and forced a search of their house.

The jewelery was found and given back to my mother.

Now my sister has those jewels but they where worth about 75K in todays money (euro).

 

Needeles to say, that the other kids wasn't a friend anymore :)

And all I got was a lecture of a few hours.

 

 

Thu, 03/03/2011 - 21:35 | 1017162 DosZap
DosZap's picture

VERY mature KIDS.

I worked in the early 70's part time 7-11, had a kid bring in a $20 St Gaudens,to buy candy and crap.

I knew, someone was going to be dead later..............LOL

Luckily his Mom came in, described it, and said she had to get it back, or else.(the kid was DOA).

I laughed and told her I knew someone would most ,likely come in frantic, so once she told me what it was, I returned it to her.(the kid, to this day owes me his life), LOL.

Thu, 03/03/2011 - 21:57 | 1017196 DosZap
DosZap's picture

VERY mature KIDS.

I worked in the early 70's part time 7-11, had a kid bring in a $20 St Gaudens,to buy candy and crap.

I knew, someone was going to be dead later..............LOL

Luckily his Mom came in, described it, and said she had to get it back, or else.(the kid was DOA).

I laughed and told her I knew someone would most ,likely come in frantic, so once she told me what it was, I returned it to her.(the kid, to this day owes me his life), LOL.

Thu, 03/03/2011 - 17:29 | 1016457 Mad Max
Mad Max's picture

Why does this read like an advertorial rather than like useful ZH material?

Thu, 03/03/2011 - 17:44 | 1016508 traderjoe
traderjoe's picture

Because it's a "sponsored post" - which seems to be the first of its kind?

TD - not a fan of this development. As a preference, why don't you ask interested contributors to somehow subscribe to your blog with an annual donation of some sort? 

But having sponsored posts seems to be a slippery slope...

Thu, 03/03/2011 - 17:45 | 1016513 Mad Max
Mad Max's picture

Noticed those words after I posted.

Not a good development.  Although if this is a new trend, do us all a favor and charge madhedgefundtrader $100k (or more) for each post of tripe he submits.

Thu, 03/03/2011 - 17:56 | 1016539 dark pools of soros
dark pools of soros's picture

+1000 tophats

Thu, 03/03/2011 - 20:43 | 1017081 Bendromeda Strain
Bendromeda Strain's picture

Booyah!!

Thu, 03/03/2011 - 18:02 | 1016566 Dr. Porkchop
Dr. Porkchop's picture

Well, ZH is probably becoming a victim of its own success, meaning the need to cover increased costs. This isn't Wall St., the rules of economics actually apply here!

Thu, 03/03/2011 - 19:47 | 1016966 NotApplicable
NotApplicable's picture

Perhaps Tyler needs to stop hosting all of Robo's gratuitious T&A pix and charts from the casino?

Fri, 03/04/2011 - 01:24 | 1017662 akak
akak's picture

That would be a step long, LONG overdue.

Also dumping Leo Kolonasskiss and his smug and venal defences of the status-quo.

Thu, 03/03/2011 - 22:03 | 1017215 DosZap
DosZap's picture

I would think if we ALL sent ZH a check, then this would not have to be the case.

Lear is far better than Goldline, bought a ton of crap from them for a while, could not take the delivery times.

At least his post for Nuimismatics/Mix makes sense,,,,,,GL tries to sell you rotten shit right off.I puke evertime their commls come on.I have noticed a 10 fold DECREASE in ads for Gold sales on T.V. over the past year.

Thu, 03/03/2011 - 17:33 | 1016468 Harmonious_Diss...
Harmonious_Dissonance's picture

Beware, Glenn Beck and Goldline were pushing "numismatic" swiss gold fracs wayyyy above  spot. You have to know alot for numismatics and they can very risky (more so than the metal price even!!)

Thu, 03/03/2011 - 18:44 | 1016630 DavidPierre
DavidPierre's picture

Want to have some fun and stick it to rip-off, boiler-room scams... and have a LOL day?

Some how Goldline got my tel# a couple of years ago... (probably fenced to them... I'm not sure by whom)... so every time they called I would play stupid with them.  Let them spin out their BS. 

Then I would start in on them acting the rube, telling them I got all this cash and I just have no idea how to buy gold.

I would be ever so polite, asking really naive questions...kept one of their, self-described "Gold Experts" on the line for an hour first time.  Told him he would have to call back after I talk to the Old Gal.  Left him with the impression I was just another mark.

Finally after playing the game out a couple of more times with this dolt, I asking him where he got my number for their sucker list to call and peddle their lies?... about why spot prices were half of their quotes?  Brought up the GATA Gang... Jim Sinclair .... James Turk... asked them how much was their commissions... etc.

I about busted my gut laughing as he sputtered and then finally just hung up on me.  Needless to say I was never called back again. 

It was fun while it lasted.  

http://www.youtube.com/watch?v=P6tmf33UDF8&feature=related

Thu, 03/03/2011 - 22:06 | 1017231 DosZap
DosZap's picture

Trust me, its not Glenn, he hasn't a clue whats being pushed.

The Sponsor sure as hell does,still doing it after facing a Congo committee.

Which is fine w/me, if a man is too stupid to do due dilgence on whatever he buys, its on HIM.( you buy cars,or trucks,TV's, Big Screens, w/out kicking tires?.

Not me.

Thu, 03/03/2011 - 17:38 | 1016477 tmosley
tmosley's picture

Uhhhh, no thanks.

Lear capital can shove their "collectable" crap right up their ass.

Here's a hint:  during gold confiscation, federal agents NEVER went door to door.  Further, only about one in 10,000 own any silver.  Hell, lets be generous and say one in a hundred.  How much is it going to cost to check the other 99 homes?  How much BLOOD will be shed when everyone's home is torn to splinters looking for silver or gold?

It's not going to happen.  Maybe in some Mad Max jerk-off fantasy, but then it won't be the government doing it, and owning "collectibles" won't help you.

Edit: just noticed this is a "sponsored post".  Nice.  I'll work in some money for a donation for ZH next month.  I would advise everyone else to do the same. 

Thu, 03/03/2011 - 17:53 | 1016536 Sudden Debt
Sudden Debt's picture

If they ever would, they would go into a pit in my yard :) 2 FEET UNDER! :)

Thu, 03/03/2011 - 17:57 | 1016547 dark pools of soros
dark pools of soros's picture

hedge your physical silver with IEDs under the floorplan!!!  

Thu, 03/03/2011 - 18:05 | 1016577 Dr. Porkchop
Dr. Porkchop's picture

I don't see how PM confiscation would make sense in light of the current dollar system. It wouldn't help their cause to admit that gold and silver are money rather than just commodities.

Thu, 03/03/2011 - 22:03 | 1017219 RockyRacoon
RockyRacoon's picture

That's right.  They'll bring no light upon the validity of gold as money until they revalue the Ft. Knox (alleged) holdings from the current $42.22 to market prices.  When they do that I'll look at doing some selling.

Thu, 03/03/2011 - 18:35 | 1016675 ColonelCooper
ColonelCooper's picture

Yeah thanks, Lear Captial for encouraging my mother to spend $650 dollars on a Peace Dollar that is gonna end up buying the same amount of chicken scratch as the beat to shit one I just paid $28 for.  Douches.

 

It's been several months since I threw any money in the kitty.  If it helps avoid this shit, I'll go do it right now.

Thu, 03/03/2011 - 20:32 | 1017051 oygevalt
oygevalt's picture

Had a discussion on this topic recently with a friend who, let's say, is in a distant version of this game - perhaps the reason Tyler cannot charge a subscription/membership fee to readers and commenters is of a regulatory nature.  Would be interested to hear if that's the situation in the case of ZH.

Thu, 03/03/2011 - 22:11 | 1017245 DosZap
DosZap's picture

tm,

did TD ever come up with another way other than Pay Suck?

If not he needs to, any Pro Gunner will not do one nickels worth with PaySuck,an eGay owned affiliate.

Thu, 03/03/2011 - 17:35 | 1016478 equity_momo
equity_momo's picture

Id rather hedge my physical silver with claymores and assault rifles.

Thu, 03/03/2011 - 17:39 | 1016495 Misean
Misean's picture

+5.52

Thu, 03/03/2011 - 17:43 | 1016505 johnQpublic
johnQpublic's picture

5.56 dude...no such round as 5.52

Thu, 03/03/2011 - 17:51 | 1016530 Agent P
Agent P's picture

5.52 = 22 caliber pellets...SQUIRREL!

Thu, 03/03/2011 - 17:59 | 1016542 gdogus erectus
gdogus erectus's picture

It's a combination of 5.56 and .223 but in all seriousness - when buying bullion I'll ask if he has anything "interesting" for sale other than the usual pamp or eagle.  If he's selling it at bullion prices, I will always pick up the odd coin.  Now that's diversification!

Thu, 03/03/2011 - 23:28 | 1017401 Ahmeexnal
Ahmeexnal's picture

When they come for your PMs, tell them to look for them in the yard, and let them walk the field of APMs.

"Shit officer, you said PMs? I would have sworn I heard you say you wanted my APMs"

Thu, 03/03/2011 - 18:43 | 1016706 ColonelCooper
ColonelCooper's picture

5th Battalion, 52nd Air Defense Artillery????

Thu, 03/03/2011 - 21:21 | 1017144 Moe Howard
Moe Howard's picture

5th of the 5 oh 2d IN and he forgot the oh!!!

Thu, 03/03/2011 - 22:08 | 1017238 angrybill
angrybill's picture

I'd say that would be super effective (just look at what the German 88's did when they figured out that could point them at ground based vehicles as well)

Thu, 03/03/2011 - 17:37 | 1016487 Misean
Misean's picture

I got in on the some of the initial Binion offering, and it was a good move. Still, numi's are like antiques, what you don't know WILL kill you. Metals are metals. Most people need a store of value for their ever dwindling weekly savings, not some complex strategy outside of their knowledge base.

Thu, 03/03/2011 - 18:00 | 1016560 dark pools of soros
dark pools of soros's picture

if one is basing the hedge on fine collectibles then go get some expensive art to spice up the bunker

Thu, 03/03/2011 - 17:38 | 1016489 Jasper M
Jasper M's picture

Ah, the collectable coin sell-siders have emerged from 'neath their rocks, the recent hubbub having assurred them that their past sins are all forgot. 

Definitely topy. 

Thu, 03/03/2011 - 18:00 | 1016490 TeMpTeK
TeMpTeK's picture

Im a lear Capitol client But I dont buy numismatics.. I stick with the bullion.. I will say.. they are the cheapest around on the rounds, Eagles and Maples tho..

Thu, 03/03/2011 - 22:18 | 1017256 DosZap
DosZap's picture

Good company, but not the least expensive, maybe by you they are.I got tired of waiting 45-60 days for Bullion Gold, and once(I made the fatal mistake of ordering Silver rounds), sheesh....freight killed my butt.

Thu, 03/03/2011 - 23:48 | 1017473 TeMpTeK
TeMpTeK's picture

Oh yes.. I waited over a month too..but so what, theyre good for it... Why were the rounds a mistake tho? Their rounds are less than a dollar over spot..

Thu, 03/03/2011 - 17:39 | 1016492 Shameful
Shameful's picture

Uh, no thanks. I wouldn't touch the numismatic arena with a 10ft pole. Parents got taken on some when I was a kid, no thanks. At least with bullion I don't need to rely on anything then it's nature as the element.

I don't need to hedge. The only chance silver/gold collapse and stay down is if there is a source of nearly free power hitting the scene before the ponzi breaks. If that happens I'll eat my losses and smile as I consume way more energy then I do now. The economic boom of free power should be able to make up my loses. And got to think that even if such a thing could happen (like cold fusion), the entrenched powers would fight it tooth and nail.

Thu, 03/03/2011 - 18:12 | 1016604 dark pools of soros
dark pools of soros's picture

exactly - people forget that during the last PM lows, oil was being sold for less than the cost of the barrel!!  

Thu, 03/03/2011 - 22:08 | 1017234 RockyRacoon
RockyRacoon's picture

It is possible to buy nice numis coins for a tad over those coins priced to spot.   I'd not suggest anyone try it unless you are willing to put in some serious study.   Why try when the payoff is not all that great until times get much better and the numis value will increase again.   As a coin dealer I don't take the time myself.  Pricing of slabbed coins is best in those conditions since the grading has been done at the expense of someone else.

Thu, 03/03/2011 - 22:21 | 1017258 DosZap
DosZap's picture

Agree w/RR, and IF you do want Numi's, I suggest PCGS only.

Thu, 03/03/2011 - 23:08 | 1017356 RockyRacoon
RockyRacoon's picture

Add NGC to the list of graders.  PCGS carries a premium due to the name recognition, but NGC does just as good a job at grading.   DON'T fall for the cheapo graders as they do it in bulk to the submitter's specifications!

Fri, 03/04/2011 - 06:57 | 1017908 Bendromeda Strain
Bendromeda Strain's picture

Moody's grades coins? Who knew...

Thu, 03/03/2011 - 17:38 | 1016494 Robert-Paulson
Robert-Paulson's picture

Tyler,

 

With all due respect.....Don't sell out.

Thu, 03/03/2011 - 17:44 | 1016506 tmosley
tmosley's picture

Help him not sell out by donating: Donate To Zero Hedge

Thu, 03/03/2011 - 17:48 | 1016521 traderjoe
traderjoe's picture

Yes. We could have a donation drive to eliminate sponsored posts...

I've suggested before that there should be some sort of symbol next to names to show someone that has donated (amount agnostic). 

Thu, 03/03/2011 - 18:19 | 1016624 tmosley
tmosley's picture

I don't like that idea, as it lends undeserved weight to that person's opinions.  But then, I'm in favor of a forced anonymous commenting section, with anyone able to submit articles (registration still required, and the author can see who is who in the commenting section, and everyone can see the authors comments).

Thu, 03/03/2011 - 22:52 | 1017322 Non Passaran
Non Passaran's picture

If one is asked to "ignore" bigoted comments, I'm pretty sure it wouldn't be much more difficult to ignore comments by people who contribute...

Thu, 03/03/2011 - 18:39 | 1016692 ColonelCooper
ColonelCooper's picture

Just "re-subscribed".

Thu, 03/03/2011 - 20:25 | 1017056 oygevalt
oygevalt's picture

I think the mugs are spiffy, myself.  Ordered a couple as my latest support.

Thu, 03/03/2011 - 17:41 | 1016498 Quinvarius
Quinvarius's picture

If they don't do something about the Dollar right now, it won't matter what you own, as long as it is not Dollars.  It is about to poke under multiyear support.  Like any minute.

Thu, 03/03/2011 - 17:41 | 1016500 Golden monkey
Golden monkey's picture

Hedging with water botles, canned food, powder milk, cereals.

Thu, 03/03/2011 - 17:58 | 1016552 JuicyTheAnimal
JuicyTheAnimal's picture

I suspect silver will get crushed tomorrow.  My hedge:  Take available cash, buy SLV puts.  Take profit and buy even more physcal at new lower price.  If wrong, I didn't loose any silver, just some green TP.

Thu, 03/03/2011 - 22:27 | 1017276 DosZap
DosZap's picture

We'll get another shot at it in the mid 20's, hang tough,,,,,,,,likely middle of this month, or April.

Thu, 03/03/2011 - 23:14 | 1017366 Non Passaran
Non Passaran's picture

Well, I suspect it won't. Bought TFD yesterday, loaded up on silver miners at a 5-7% discount compared to the day before.
But, should silver get crushed, great. I'll buy more.

Thu, 03/03/2011 - 18:00 | 1016556 Scottj88
Scottj88's picture

What a revolutionary idea...

Would also be a good idea to look at the budget problem like this:

http://thehardrightedge.com/budget/

Thu, 03/03/2011 - 18:00 | 1016564 High Plains Drifter
High Plains Drifter's picture

Here we go with the collectible coin spiel. What is this , ebay? 

Thu, 03/03/2011 - 22:14 | 1017250 RockyRacoon
RockyRacoon's picture

The concept is sound but it's not for the average PM buyer.  Our "sponsor" would love for you to call them for advice.   Here's mine for free:  Buy common bullion at your best offer price and wrangle for free shipping.   eBay really is a fine place for small buyers, and many sellers offer free shipping.  Find a solid seller and stick with him.   Some of the better ones are actually brick-and-mortar jewelry and coin businesses which have access to monster boxes of silver.   Here is just one of them, and there are dozens like this: 


aydinjewelry_preciousmetals ( Feedback Score Of 26086)

Thu, 03/03/2011 - 18:01 | 1016568 Silversinner
Silversinner's picture

Nice to have some writing on the numismatic.I have

bought a lot of nice numismatic coins very close or

under spot value.These were not historic coins,but

newly minted witch some of the coin dealers forgot

to adjust to the rise of the PM price!!It is just a small

potion of my total holdings and not for sale.Some of

the newly minted pieces are very rare and a great

investment.Pay for the gold and silver and try to get

the collectors value as cheap as possible.My fetish

for PM coins got me early in and I am grateful for that.

Still got my first silver coins(could not afford gold then)

from childhood.This collection will go to my son when I

die,while I probbely spend the bullion in time.

Thu, 03/03/2011 - 18:04 | 1016574 FluffyCone
FluffyCone's picture

<cough>Bullshit<cough>Bullshit<cough><cough>

Buy numismatic coins because you like to collect coins, BUT do not buy numismatic coins as an investment or as a store of wealth.  Numismatic coins might demonstrate that you are wealthy, but they will not be a store of your wealth.  Investing in numismatic coins, is like investing in diamonds or investing in a new car.  How did that investment in a diamond ring turn out?

Investing in numismatic coins is also like investing in a home.  A home is a money pit.  A house that generates a net income from rent is an investment.

I hate it when a salesman calls his/her product an investment.  He is trying to build value in his/her product.

I think I'll go out and invest in some toilet paper.  ;-)

Just saying...

Thu, 03/03/2011 - 18:05 | 1016576 Instant Karma
Instant Karma's picture

Was wondering why Tyler's avatar (love that word) wasn't beside the title.

After dabbling in the financial markets for years, and always feeling like a novice, coins are something I like to think I know something about.

When I started accumulating bullion a couple years ago, I focused on collectable, or semi-collectable bullion coins. What I look for are coins selling at a minimal to modest mark up from melt value, with low mintages, or populations.

There were some good values a while back, and still there are some. The "premium" of a collectable coin over spot has "compressed" as metal prices have risen sharply. I don't know if those premiums will ever "expand," but in some cases they have.

For example, if you go out to buy a generic 2011 US 1oz gold American Eagle, it seems you'll pay about $60 over spot, more if you buy online and pay for shipping plus credit card usage. But for $300 over spot, you can buy a 100 year old 1 oz St. Gaudins or Liberty with populations of a couple of thousand total coins. So I bought a few of these on auction from Heritage.

I've bought a bunch from APMEX, where the prices are good if you catch them napping, or just looking to unload. For example, they were selling MS70 2007 W Gold Eagles for almost no mark up to a normal bullion coin a while back. Now the market has recognized the relatively low mintage of this coin, and the price has risen.

I've bought a couple 2008 W Platinum Eagles with mintages of only a couple of thousand, at just a hundred or two hundred over the normal coin premium.

So that's what I try to do.

Thu, 03/03/2011 - 22:22 | 1017262 RockyRacoon
RockyRacoon's picture

Your approach is the perfect way to add some hedge to your purchase for very little cost.  As I state above, it's not for everyone.   If a person has the time to chase and haggle it can be very lucrative as well as a hobby in itself.   If/when things get better the spreads will widen and you'll see some appreciation that will serve as your bonus for the labor input.

Thu, 03/03/2011 - 18:08 | 1016585 Sizzurp
Sizzurp's picture

I think they call this a "Texas Hedge".  We're long the physical and long the physical.

Thu, 03/03/2011 - 18:07 | 1016587 Moe Howard
Moe Howard's picture

I'm backing up my Au & Ag with a hedge in Pb.

  Tyler, don't sell out. I will donate on payday.

Thu, 03/03/2011 - 18:13 | 1016600 pappacass
pappacass's picture

Anyone got an idea where ta git some silver in Ireland?  It's either that or I'm gonna have ta buy cows and I hate the stink o those big stoopid feckers :)

Thu, 03/03/2011 - 22:01 | 1017209 postafoa02
postafoa02's picture

For anyone interested, i wanted to write about my experience with buying physical Silver in Europe / Scandinavia, It might be helpful to someone:

There is a VAT tax on silver, every country sets their own national VAT rate, and have their own variations in the national VAT law. You pay the VAT of the country you are purchasing from.

Moreover, many retailers charge 20-50% premiums (yes you heard me right) on top of the VAT, so some places have insane prices. i paid way over spot for my first coins, and only later through some research did i find the best ways to obtain physical in EU, so here's what i found:

First of all, you need to know that the european wide VAT law is probably the most complicated tax law ever created by man, and as i understand there is not a single human on this planet that has a comprehensive understanding of the whole monstrosity. This is just as a warning to anyone considering looking into it, i would not waste my time.

Anyways, one must not despair, because there is some light:

It turns out that for some to me unknown reason, Germany has only a 7% VAT on physical silver, and moreover, they have a very large and vibrant selection of online gold and silver bullion dealers. Many dealers ship Europe wide and the shipping charges are reasonable. Moreover, there is an excellent site tracking the prices of all the dealers, and this should be the starting point for anyone looking to buy online in EU:

http://www.bullion-investor.com/

(funny enough, site seems to be down for maintenance as i write)

examples of online shops:

http://www.anlagegold24.de/
http://www.silber-werte.de/
http://www.321goldundsilbershop.de/
http://www.coininvestdirect.com/

Because of the tax and high premiums, i would not recommend buying silver for beginners in Europe. Because the total premiums over spot are so high, it makes the timing much more important and it's hard to sell at any profit quickly if needed.

Generally Europeans prefer gold which is tax free and sells at normal 4-8% premiums. Besides the normal 1 ounce coins the only fractional gold with reasonable premiums are the sovereigns, your standard vreneli's, napoleon's, roosters, angels etc.. They are available in the millions, and unlike the states they are usually circulated and not graded, just traded in 'fistfulls'.

The premiums on fractional eagles,  maples, panda's etc are insane, don't bother.

Anyways, if i had known this since end on 2008 when i started buying, i would have saved alot of money, so i thought i'd type this out for any beginners, thx for your time.. cheers

Thu, 03/03/2011 - 23:11 | 1017361 IQ 145
IQ 145's picture

 For those of you who are not crazy; what you need to know is bullionvault.com. They sell a warehouse receipt; they inventory the silver bullion daily; and they are honest; the last thing you want to do is take delivery of anything; this is simply crazy.

Fri, 03/04/2011 - 00:58 | 1017627 Tapeworm
Tapeworm's picture

It's too bad that you have to pay any of the theft tax to get metal.

 As for the article, I have yet to see any reference to just how the prices of "numismatics" got so high.

 Well, it was by way of the 1980 version of ETF's. There were funds set up by Merril and several others that hooked the gullible into "investing" in "rare coins" that just went up with no downside. Of course the Merill and the rest found a new way at the time to bet against the dumb money and they cleaned up. There are a few relatively honest shops with less than a very few employees that will take you for all of the premium that they can get on a legitimate trade, but are not basically dishonest like this essayist/pumper is.

 For many years the junk gold coin of the Latin Monetary Union went for below melt of about three per-cent.For that matter, US 1/10 oz coin was easily obtained for spot or a bit below including delivery from reputable dealers.

 I am weary of reading the comments of the people that are getting screwed and liking it by dealing with hustlers that peddle junk coin for anything over the real prevailing price.

 Most numismatists of good knowledge are older than the leading edge of the baby boomers. Far fewer people now have any interest in coins or stamps than was the case even ten years ago.

 Who are you going to sell to?

http://en.wikipedia.org/wiki/Latin_Monetary_Union

 

Thu, 03/03/2011 - 18:17 | 1016603 Monday1929
Monday1929's picture

After getting ripped off by Stacks (the respected auction house- they never shipped some coins I won-decided to keep them for themselves) I pretty much gave up on collecting. The majority of coin dealers are thieves, in my opinion. Unless you are an expert, stay away. It is a great hobby, just don't confuse it with investing.

For example, if you get that "ms66" coin graded numerous times by a grading service, you might get a ms67 eventually. In other words, everyone games this "investment" just like any other. 

This article/ad does have a toppy smell to it.

Thu, 03/03/2011 - 18:15 | 1016612 Teaser
Teaser's picture

Ok Zerohedge.  How much did Lear pay for this?

 

When I hear numismatic coin, I change the channel.  It's not investing, it's collecting.  The only one who will make money on you collecting is Lear.

Thu, 03/03/2011 - 22:24 | 1017269 RockyRacoon
RockyRacoon's picture

In your case that would be true.  It's not necessarily the case for everyone.

There is money in cherry-picking numis coins just like there is in searching bourse dealer boxes for rare die varieties and such.   If you're not educated in those areas it won't be of any advantage.

Thu, 03/03/2011 - 23:38 | 1017436 Lord Koos
Lord Koos's picture

I agree... and if things really got bad, no one is going to give a shit about collectable, it will all be about silver and gold period.

Thu, 03/03/2011 - 18:15 | 1016616 Dr. Porkchop
Dr. Porkchop's picture

Numismatics is something that you should get into for the love of the history and the thrill of a new find, not for investing.

Thu, 03/03/2011 - 18:18 | 1016629 Silversinner
Silversinner's picture

A lot of people just do not see value in certain things,

like art,antique,old books,paintings.I do and are

buying nice antique silver objects from 80-120 years

ago near spot.

VALUE INVESTING

Thu, 03/03/2011 - 18:21 | 1016634 Dr. Gonzo
Dr. Gonzo's picture

Don't like Numis that much. Like cull silver dollars and war nickles and St Gaudens in AU condition but not really graded or enslabed  coins that you can't touch. Name of the game is to get as much metal for your fiat. I bought one MS 64 St Gauden 9 years ago from heavy pressure from the salesman. It has underperformed bullion. When I bought it I was skeptical for several reasons and I was right. Only buy rare coins if you have a passion for the coin.  

Thu, 03/03/2011 - 18:21 | 1016637 Dirt Rat
Dirt Rat's picture

This attitude is all so wrong.

The proverbial (common date) MS66 Peace Dollar: I'm assuming it's been slabbed by one of the main grading agencies. Whether it's a 66, 65, 67, or even worse a non-gem 64 is entirely in the subjective eye of the beholder at the grading service. You could get burned by an industry that is notorious for its thin capitalisation and its questionable dealings with the uninformed.

Collect coins because they excite you, because of what they teach you. And be sure to learn about grading and authentication on your own. Don't rely on some third party to do it for you.

One of the things I love about coins is that they represent earlier financial crises. This is one of the great benefits of American numismatics. It provides a superb bird's eye view of American economic history-- something they don't teach you in school. And when you get this schooling in our economic history, you find out that economic upheaval and collapse are the rule rather than the exception in America. Only in the last forty years (i.e. beginning with the Collapse of Bretton Woods) have we become so big and the world so interconnected that we've been able to export our endemic and persistent economic problems to foreign shores.

Thu, 03/03/2011 - 18:24 | 1016649 Threeggg
Threeggg's picture

Anybody have an update on the Max Keiser coins ?

Didnt buy any because the address shown on their website is to a FED-EX P.O. box

Just wondering........................................

Fri, 03/04/2011 - 04:00 | 1017812 JuicyTheAnimal
JuicyTheAnimal's picture


 

I think it's bout time those fuckers get locked in the slammer.  I've not heard of anyone getting their order.  Their phone is disconnected and they don't answer their emails.

 

Anyone else with a different experience?

Thu, 03/03/2011 - 18:38 | 1016669 redpill
redpill's picture

Numismatics are a PM dealer's cash cow.  Spot prices are spot prices, so there's only so much margin you can charge on bullion before customers tell you pound sand.  But rare coins, ho-ho, they can go off on how great such a such a coin is, how "cheap" it is compared to where it's been, and that it is going to magically go up 69% back to previous levels (of course implicitly within that is the inherent notion that it would have had to lose 40% from the prior level to get to its present price - i.e. someone got hosed along the way).

Dealers can pad plenty of extra commission on these suckers, and their often-clueless customers don't have the slightest idea they are being fleeced.

Bottom line is that collectibles are obviously not fungible, they are far far less liquid than bullion, and they are only worth what you can con someone into paying for them at any particular time.  That they are made from precious metals is almost entirely irrelevant when it comes to attempting to justify the price premium.

Unless you know a lot about numismatics and/or can find some older coins that you can buy near spot anyway, I think it's a fool's game.

Hope TD made them pay well for this spot.

Thu, 03/03/2011 - 22:30 | 1017281 RockyRacoon
RockyRacoon's picture

As with everything, education is the key.   A fool will ALWAYS be separated from his money.

Try this on for size and use the info to your advantage:

http://www.ngccoin.com/poplookup/NGCCoinPriceGuide.asp

Set your buy price at a percentage above spot and start buying.   In the end, the small premiums that can be had will pay off handsomely if you do your homework.

This is how dealers do it.   It's a career.  If you can't put in the time then it's just not for you.   Don't go so far as to say that it's not for anyone else.

Thu, 03/03/2011 - 18:36 | 1016679 Creed
Creed's picture

Tyler, you sell as many of these sponsored posts as you can, and I hope you make a ton of cash. Your readers will either make wise decisions or they won't, caveat emptor.

 

Love the adds with the hot babes in straining t-shirts, by the way, keep 'em coming. :)

 

Guy above said they were reasonable on bullion and he was correct. A sample order of 160 generic silver rounds (12.1 lbs) cost $89 bucks to ship from CA, I don't know if that's high or not. Payment terms- Payment may be made by bank wire, certified check, personal check, or money order. So no cc's.

Thu, 03/03/2011 - 20:10 | 1017024 NotApplicable
NotApplicable's picture

Honestly, while I'm no big fan of sponsored posts, I prefer them to begging for donations.

While ZH does provide us with value, it also provides Tyler, et al., with value, else he wouldn't do it. Like all other entities that beg with donation drives, I find the "but I'm providing you with a public service for free, so you owe me you free-loader" to be egotistic at the least. Especially when so much of the value comes from my fellow posters. ZH could be the best site on the web, but if nobody visited, would it matter?

I'll be nice now and turn off adblock/noscript and let the ads load again. That is, until one is animated or has sound, (which I consider beyond good manners, therefore justifying blocking).

I would also be glad to pay a membership fee for premium functionality, assuming it added value for me (like my own ZH email addy, for instance).

That said, I do not mind a tip-jar, as it is there for anyone to voluntary express their appreciation. Begging though, is just a short-cut to inevitable failure.

Fri, 03/04/2011 - 00:30 | 1017569 Non Passaran
Non Passaran's picture

I am amazed how many people complain about sponsored articles compared to how many people complain about abusive comments (that, by the way, appear under 1/3 of all articles). At least sponsored posts are marked and if you want to ignore them they're easy to skip (much easier than the ugly comments sprinkled all around). But a problem on this site isn't a problem if it doesn't bother you personally, is that it? I think Tyler & Co are doing a great job and don't mind sponsored content. Those righteous souls who complain about "commercialization" might want to consider the difference between "free" content written to promote one's ideas (e.g. buy silver) vs. "sponsored" content (e.g. buy silver). Nearly everybody here is long something. When I see sponsored content at least I immediately know what the deal is. I can not read the article and/or read just the comments, or skip or read the both. It takes 5s to reload the previous page and ZH gets to make a tiny bit of money, so what's the problem?

Thu, 03/03/2011 - 18:37 | 1016686 Creed
Creed's picture

PS- Click on the links on the adds people, it just takes 2 seconds to show your support for this site. Overwhelm the advertisers with clicks and Tylers paycheck grows.

Thu, 03/03/2011 - 19:26 | 1016877 TeMpTeK
TeMpTeK's picture

Advertisers do not pay for clicks anymore...They pay based on the number of pageviews they appear on. So If you want to support Tyler... Keep coming back to ZH and just keep reading the great content..Click the ads only if you want to visit the sponsor.

Thu, 03/03/2011 - 23:12 | 1017364 Creed
Creed's picture

By clicking the adds & links you visit the sponsors & they all pay Tyler more as his site generates more traffic for advertisers.

It's a common courtesy & an easy way to help without having to send money.

As far as the article itself goes...bwahahahaha.

Thu, 03/03/2011 - 18:39 | 1016688 Silversinner
Silversinner's picture

Most of you so called gold bugs still do not get

it and counting your wealth secretly in dollars.

Wealth and value versus fake money and greed.

Old weapons are very cool too btw.

I have to admit coin collecting has a dull image

but this could change when this bull market in

PM really gets heated up.Who knows??

Thu, 03/03/2011 - 19:26 | 1016707 Threeggg
Threeggg's picture

Sorry, I dont have any adds to click on because I wont allow the internet (Google-analytics) to peruse, store and sell my browsing history like you guys do.

But, I do love me some ZH

I will donate in the future !

Update: See I open my mouth and its into the IP database I go !

Now I have adds everywhere !!

Going to dynamic proxy IP in 3, 2 1......

LOL

Love it !

Thu, 03/03/2011 - 19:33 | 1016912 TeMpTeK
TeMpTeK's picture

If you actually think you are anonymous I have some really great investment pennies to sell you.. I can also lifetime guarantee up to 5 future generations of your family that they will never ever be confiscated. Killer deal or what!!

Thu, 03/03/2011 - 21:10 | 1017126 Threeggg
Threeggg's picture

TempTek,

I dont think I am anonymous, I just try and cut down on the rip-rap from visiting sites. Your internet provider has more than enough data, script and information on all of us. I was only jousting. Anytime I can cut down on cookies and data transfer from my computer to feed the internet data complex I will.

Just so you know I clicked on every ad to help ZH pay some bills........................ok ?

Cuz I'z loves me some ZH.......................!

Fri, 03/04/2011 - 04:00 | 1017809 JuicyTheAnimal
JuicyTheAnimal's picture

Kieser coins:

 

I think it's bout time those fuckers get locked in the slammer.  I've not heard of anyone getting their order.  Their phone is disconnected and they don't answer their emails.

 

Anyone else with a different experience?

Thu, 03/03/2011 - 18:56 | 1016771 ArkOmen1
ArkOmen1's picture

Yes. I agree with the fellow who talked about jewelry. If the new world order controllers/planners try to turn us all into outlaws for owning gold and silver, then just melt down into uniform pieces and/or weights of jewelry to make for detachable, tradable pieces. Problem solved. They will not confiscate anyway. China gave them a big F U by telling their citizenry to go down to the local banks and buy gold and silver. Now a long slow assault with sneaky little snippets written into bills like Dodd Frank saying gold is a conflict mineral... That's something that we can expect. It won't work though. I don't care what they do... Mark my words gold and silver nation... We will not be stopped!

Thu, 03/03/2011 - 19:02 | 1016798 spinone
spinone's picture

stupidest thing I ever heard of

Thu, 03/03/2011 - 20:10 | 1017027 SuperRay
SuperRay's picture

this article was a waste of time. Too bad I can't get it back...

"If the economy gets better..?"  What is this guy smoking?

Fri, 03/04/2011 - 00:37 | 1017585 IQ 145
IQ 145's picture

 exactly, just another bull-shit artist.

Thu, 03/03/2011 - 20:33 | 1017067 Qtrubb Bull
Qtrubb Bull's picture

With respect to the passionately engaged and intellectually invested in numismatic value, may coyotes gambol with your intestines, Lear Capital C .  Gimmee silver, preferably coins, spot or below.

Thu, 03/03/2011 - 20:50 | 1017089 strannick
strannick's picture

Nuismatics are for dip$h!t$.

No need to pay exorborant premiums to 'hedge a recovery happening' cause it aint gonna happen

Thu, 03/03/2011 - 22:49 | 1017292 RockyRacoon
RockyRacoon's picture

Yeah, I guess you missed my tip o' the week.   I pointed out to a lucky few the ability to purchase the 2010 silver America The Beautiful set of 5 SILVER proof sets from the U. S. Mint for $2 over spot.  That's less premium per ounce than ASEs.  That's 5 silver PROOF (numismatic) quarters, you figure the weight.  Shipping from the Mint is $4.95 for any order so for 25 sets that adds less than 20 cents per set to the price.   I and a few other ZH folks were able to order large lots of 25 sets or more before the Mint took them down!   So much for your comment.

http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catal...

Thu, 03/03/2011 - 20:56 | 1017100 steadysteve
steadysteve's picture

I believe Tyler allows these "sponsored" posts to support this site and give us all a chuckle. Numismatic/collectible coins are a great hobby for those that can afford it . I think most of the folks registered on ZH are smart enough to not fall for a "greater fool" scam. If you are collecting for the sake of collecting have at it! Those of us with a more practical bent will do our thing, you do yours and enjoy yourselves. The elite fancy themselves untouchable. Unfourtunately there are those of us who have infiltrated their households. We cook their food, mow their lawns, guard them while they sleep. At some point they will find out what happens when they f--k with and destroy the lives of our families.

Thu, 03/03/2011 - 21:02 | 1017107 Strongbad
Strongbad's picture

Everyone bashing numi coins hasn't done their homework.  You have to be tuned into the market, just like anything else, in order to really take advantage of it.  If you just buy from someone with flashy ads of course you are going to lose.  It is the only hobby I know of that pays out so well in the long term for those who know what they are doing. 

If you are doubtful, go to the local library and find an old US coin price guide from the 50s, 60s, 70s or 80s and compare the rarest coins in there with a modern 2011 price guide.  Kings and nobles have collected coins for centuries, its not comparable to baseball cards or beanie babies at all.  Is it as "safe" as bullion?  Historically, yeah.  In a total collapse, obviously not.

Thu, 03/03/2011 - 22:28 | 1017278 plata pura
plata pura's picture

Well the brothers Hunt put a wedgie in those books; seein spiksters were bringing in junk  coinage by the pick up load; hence readjusting numismatics to guess work until the next precious push. Point being; nobody really knows how much junk was reprocessed.

Thu, 03/03/2011 - 21:08 | 1017121 Dr. Gonzo
Dr. Gonzo's picture

Hedged my silver with platinum. Hedged my gold with palladium. Fully diversified.

Thu, 03/03/2011 - 21:10 | 1017128 strannick
strannick's picture

Thats a Texas Hedge. Nice.

I figured I was diversified by having producing silver miners, junior silver miners and silver bullion

Thu, 03/03/2011 - 23:18 | 1017376 IQ 145
IQ 145's picture

 Oh, my goodness. You're so clever, I just don't know what to say.

Thu, 03/03/2011 - 22:24 | 1017266 prophet_banker
prophet_banker's picture

Peace Dollar grade MS66. At its height, this coin traded at a wholesale price of $3500. At its low it traded at $575 - HOLY COW, FOR 1 OUNCE OF SILVER, don't bother

Thu, 03/03/2011 - 22:31 | 1017280 flaunt
flaunt's picture

Is this a paid ad?  The author failed to note that if things go the other way, your really pretty numismatic coin for which you paid 20 times the weight of the bullion could become worth exactly the weight of the bullion itself.  That would suck.

Oh duh, just read the "sponsored post" part at the top.  Nice.  I'll have to pay more attention reading ZH going forward.

Thu, 03/03/2011 - 22:30 | 1017283 plata pura
plata pura's picture

Damn; missed two math questions! Stupid hp12c

Thu, 03/03/2011 - 23:13 | 1017369 Creed
Creed's picture

don't think you're alone out there pp, you're just more honest

Thu, 03/03/2011 - 23:16 | 1017372 IQ 145
IQ 145's picture

 I frequently miss three in a row; many of them have no acceptable answer. But then, that is the general tenor of the internet chatter displayed here, also.

Fri, 03/04/2011 - 01:21 | 1017656 Harmonious_Diss...
Harmonious_Dissonance's picture

why the strange punctuation? A semicolon AND two commas? lol wtf omg

Fri, 03/04/2011 - 00:17 | 1017546 Clapham Junction
Clapham Junction's picture

(d)

 

Fri, 03/04/2011 - 00:41 | 1017593 IQ 145
IQ 145's picture

(e_)

Fri, 03/04/2011 - 01:40 | 1017681 Stuck on Zero
Stuck on Zero's picture

Forget coins.  I found you can buy sterling silver trays, bowls, silverware, tureens etc. for a lot less than the price of the metal in them.   People just don't want these tarnished old things any more and pawn shops give them nothing.  I've seen a tarnished and scratched old 5 pound silver tray sell for $30.  That's about $0.50 a troy ounce for the silver.   The only drawback is that these things are not easy to store.  Try garage sales, Salvation Army, eBay, antique shops, and flea markets.

Sat, 03/19/2011 - 10:06 | 1022435 Clapham Junction
Clapham Junction's picture

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Mon, 03/07/2011 - 20:43 | 1028090 lsjcma
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