Rye Miles #13621 Posted January 31, 2020 Share Posted January 31, 2020 Are those commemorative gold and silver coins that are advertised on tv and magazines worth anything? Anyone collect them?? Link to comment Share on other sites More sharing options...
Loophole LaRue, SASS #51438 Posted January 31, 2020 Share Posted January 31, 2020 Rarely anything more than melt value..... LL Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted January 31, 2020 Share Posted January 31, 2020 Kinda like commemorative guns. Usually worth the same or less than unadorned guns...unless you can put a value on bragging rights. Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted January 31, 2020 Share Posted January 31, 2020 6 minutes ago, Rye Miles #13621 said: Are those commemorative gold and silver coins that are advertised on tv and magazines worth anything? Anyone collect them?? If it was a real investment, they wouldn’t sell it. Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted January 31, 2020 Share Posted January 31, 2020 Most of the ones I've seen are simply gold or silver PLATED. If they were real gold they wouldn't be selling them for $20. Probably worthless except as a curiosity. JHC Link to comment Share on other sites More sharing options...
Muleshoe Bill SASS #67022 Posted January 31, 2020 Share Posted January 31, 2020 Those designer coins are brass with gold or silver plate. Read the fine print and they will tell you they are plated or "clad". Link to comment Share on other sites More sharing options...
Assassin Posted January 31, 2020 Share Posted January 31, 2020 As stated by Capt. Callahan, they are typically plated, some are clad. They are not even worth melt value. If you want to purchase silver or gold, your best buy are rounds. Coins are dated and have US markings or the country of origin. Rounds are not dated and will state 1 ounce .999 gold or silver or 1/2 ounce, whatever the weight. My local dealer charges 3% over melt value for gold and $2.00 per round for silver. If I purchase 100 ounce bars of silver it's 3% over melt value. No taxes, no tracking, it's considered and money exchange in the state of Wyoming. When silver goes back up to $50 an ounce I'll be unloading a bunch. Gold was down to $1330 about a year ago, when it get up to $1530 I unloaded mine, made $200 bucks an ounce. Metals are hard to predict. They went up with the saber rattling when Trump was working on the tariffs with China. Buy cheap, sell high. I have silver for a hedge against inflation, also in case of a total economic collapse I can barter with silver. Gold is good for investing, however it's too valuable for barter. I ain't trading and ounce of gold for a tank of gas, I could trade a could a couple ounces of silver for a tank of gas. Link to comment Share on other sites More sharing options...
Pat Riot Posted January 31, 2020 Share Posted January 31, 2020 I wouldn't waste money or time on them. Often I see the words "most highly collectible coin sold by this organization" That's usually and probably because it's the only coin sold by that organization. Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted January 31, 2020 Share Posted January 31, 2020 14 minutes ago, Assassin said: As stated by Capt. Callahan, they are typically plated, some are clad. They are not even worth melt value. If you want to purchase silver or gold, your best buy are rounds. Coins are dated and have US markings or the country of origin. Rounds are not dated and will state 1 ounce .999 gold or silver or 1/2 ounce, whatever the weight. My local dealer charges 3% over melt value for gold and $2.00 per round for silver. If I purchase 100 ounce bars of silver it's 3% over melt value. No taxes, no tracking, it's considered and money exchange in the state of Wyoming. When silver goes back up to $50 an ounce I'll be unloading a bunch. Gold was down to $1330 about a year ago, when it get up to $1530 I unloaded mine, made $200 bucks an ounce. Metals are hard to predict. They went up with the saber rattling when Trump was working on the tariffs with China. Buy cheap, sell high. I have silver for a hedge against inflation, also in case of a total economic collapse I can barter with silver. Gold is good for investing, however it's too valuable for barter. I ain't trading and ounce of gold for a tank of gas, I could trade a could a couple ounces of silver for a tank of gas. I bought a bunch of "junk" silver coins from my dealer a few years ago for bullion price, and there were some REALLY nice old coins in it. He's a coin dealer so knows the value. Thing is some of them were minted in such huge numbers they're only worth silver weight unless in absolutely perfect condition. I expect someone with the gumption could sell them on E Bay for a handsome profit. Link to comment Share on other sites More sharing options...
Assassin Posted January 31, 2020 Share Posted January 31, 2020 Just now, Capt. James H. Callahan said: I bought a bunch of "junk" silver coins from my dealer a few years ago for bullion price, and there were some REALLY nice old coins in it. He's a coin dealer so knows the value. Thing is some of them were minted in such huge numbers they're only worth silver weight unless in absolutely perfect condition. I expect someone with the gumption could sell them on E Bay for a handsome profit. The melt value has basically reduced the numismatic value (collect ability)of the coins. If one were to keep them long enough they may become valuable again. I sold off all of collectible coins and everything is just bullion. I had a bunch of silver dollars and other coins, they are basically 90% silver. Link to comment Share on other sites More sharing options...
Cyrus Cassidy #45437 Posted January 31, 2020 Share Posted January 31, 2020 I'm an avid numismatist and member of the American Numismatic Association. My opinion is, no, they are not worth the price and no, they are not worth collecting. The coins you are talking about are really just bullion stamped into interesting designs. Rarely do they command any numismatic value, so their total value is based on the intrinsic value of the metal from which they are made (gold, silver, etc.). That said, you typically pay a premium to have the metal stamped into a coin design versus a bar or ingot, and you will not recoup that cost upon reselling it. If you want to save wealth via collecting precious metals, stick with bullion bars and ingots. If you want to collect coins for numismatics sake, there are *TONS* of better ways to get started. Link to comment Share on other sites More sharing options...
Cyrus Cassidy #45437 Posted January 31, 2020 Share Posted January 31, 2020 28 minutes ago, Capt. James H. Callahan said: I bought a bunch of "junk" silver coins from my dealer a few years ago for bullion price, and there were some REALLY nice old coins in it. He's a coin dealer so knows the value. Thing is some of them were minted in such huge numbers they're only worth silver weight unless in absolutely perfect condition. I expect someone with the gumption could sell them on E Bay for a handsome profit. "Junk" silver is a numismatic term for an actual "business strike" (coin designed for use in commerce and minted by the government) silver coin that has become so worn that its numismatic value is limited. Most of its worth comes from the intrinsic value of the base metal from which it is made. The OP was not asking about business strike coins; he was asking about commemoratives that are not legal tender. Link to comment Share on other sites More sharing options...
Dantankerous Posted January 31, 2020 Share Posted January 31, 2020 Serious silver collectors own silver zombie rounds. Zombie Silver Coins Link to comment Share on other sites More sharing options...
Chickasaw Bill SASS #70001 Posted January 31, 2020 Share Posted January 31, 2020 always wondered why , folks would buy gold and silver you can NOT eat it , and it don't shoot as well as lead it only has value to those , whom value it pretty well worthless if SHTF CB Link to comment Share on other sites More sharing options...
Cypress Sun Posted February 1, 2020 Share Posted February 1, 2020 1 hour ago, Chickasaw Bill SASS #70001 said: always wondered why , folks would buy gold and silver you can NOT eat it , and it don't shoot as well as lead it only has value to those , whom value it pretty well worthless if SHTF CB Not true, you can always melt them down and make bullets. The silver ones are good for Werewolves too. On the other hand, I like collecting coins. Gives me a personal connection to the past. If it gives someone satisfaction, I got no problem with it. Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted February 1, 2020 Share Posted February 1, 2020 1 hour ago, Chickasaw Bill SASS #70001 said: always wondered why , folks would buy gold and silver you can NOT eat it , and it don't shoot as well as lead it only has value to those , whom value it pretty well worthless if SHTF CB Must politely disagree. Real gold and silver will NEVER be worth nothing. Precious metals have an intrinsic value. I'm not a big nut over such things, not even saying that they're a fantastic investment, as just like stocks the value fluctuates. If the SHTF precious metals will probably go thru the roof, as it has an inherent or intrinsic value. That's why US currency was once based on reserves of gold and silver reserves (like the old US silver certificate notes). You could take the $5 silver certificate and exchange it for $5 worth of real metallic silver. Like Assassin said, silver would be much more suitable barter material than gold. JHC Link to comment Share on other sites More sharing options...
Alpo Posted February 1, 2020 Share Posted February 1, 2020 1 hour ago, Cypress Sun said: Not true, you can always melt them down and make bullets. The silver ones are good for Werewolves too. Lead makes good bullets because it melts somewhere around 700 degrees Fahrenheit. Easy to use. Silver melts at over 1,700 degrees. Little difficult to do that over a campfire. Gold melts about 1950 degrees. Even more difficult. Link to comment Share on other sites More sharing options...
Cat Brules Posted February 1, 2020 Share Posted February 1, 2020 An ounce of gold is always going to be worth what you paid for it. Silver is a commercial commodity, but also, it remains a primary reservoir of value. Either would have elevated trade value in some (imagined) post-breakdown of society or apocalyptic situation. Silver probably easier to use than gold, due to its lesser value for lower value trades and possible collapse or discontinuation of money as a value resource. We are not likely to see such happen anytime in the near future, in my view. Cat Brules Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 1, 2020 Share Posted February 1, 2020 5 hours ago, Chickasaw Bill SASS #70001 said: always wondered why , folks would buy gold and silver you can NOT eat it , and it don't shoot as well as lead it only has value to those , whom value it pretty well worthless if SHTF CB I agree. How much do you shave off for a loaf of bread...and whose scale do you use to weigh it? And how much does all that treasure weigh? Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted February 1, 2020 Share Posted February 1, 2020 1 hour ago, Cat Brules said: An ounce of gold is always going to be worth what you paid for it. Silver is a commercial commodity, but also, it remains a primary reservoir of value. Either would have elevated trade value in some (imagined) post-breakdown of society or apocalyptic situation. Silver probably easier to use than gold, due to its lesser value for lower value trades and possible collapse or discontinuation of money as a value resource. We are not likely to see such happen anytime in the near future, in my view. Cat Brules Gold prices fluctuate like everything else. I bought my first couple coins too high and they're worth a couple hundred less than I paid for them (new American Eagles). I'm still kicking myself back when I was thinking of buying gold at $600 per ounce and thought that was crazy, it would NEVER stay that high. Shows what I know. I hope you're right about the economic collapse stuff. It will probably never happen, but it doesn't hurt to buy a little insurance just in case. Odds are my house will never burn to the ground, but I still buy insurance. JHC Just checked the spot price on gold, around $1590 per ounce. Link to comment Share on other sites More sharing options...
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