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Centauri167
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Posts posted by Centauri167
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Welcome back on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
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Looks great and seeing this gold makes me even more happy about gold, even after so many years in terrible conditions, it still looks beautiful ... 😍
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Yesterday I just watched a video on youtube from Silver Seeker. He was calling coinshops to ask how much they paid for silver rounds and/ or silver eagles.
All of them said a price when the coins were in perfect condition with no scratches, dents, damage, ...; so all the people here who keep on saying that damage on a bullion coin doesn't matter should better see this video and see that they are wrong !
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@stefffana: Great work you did there, very interesting of reading and seeing the conclusion ! 👍
- stefffana and ArgentSmith
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1 hour ago, Andrew66 said:
Thanks for the welcomes all
You are very welcome ! 🙂
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8 hours ago, TringSilver said:
I don't agree with this, if you take this to a dealer along with another perfect coin you'd get spot or their going rate for it regardless.
It's bullion and these coins are minted in the millions, at speed, clattering around on conveyor belts and being dropped into large bins before going on more machines to be dropped into tubes. People would do well to remember this when they pay £40 for a coin and the other crazy premiums we have seen due to the "silver squeeze"
Maybe in the Uk you only get spott for your Bullion silver, here we get a lot of or premiums back when the coin is in a good condition but when it is damaged like the one on the photo you get spott or even under spott so it makes a world of a difference !
- ArgentSmith, MetalMandible and JackKlugman
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12 hours ago, dikefalos said:
I hate to say this, but it is bullion, it's value is not affected. If we buy a bullion coin for sentimental reasons and pay a collector's premium for it, that's our problem. If you want to buy a flawless bullion coin, you have to go for graded ones. That's why people are paying NGC and PCGS. Or hope, you find some in your tube. The condition of a bulliin coin, especially uncapsuled, is always a gamble. Not even this Mintdirect packaging by APMEX guarantees you perfect coins, but people paying a higher premium for it. But again, that's our fault. And i'm really sorry about this.
If you go and sell two of these same bullion coins ( one in normal condition and the other one we see here on the photo ) to a dealer you will get less money for the damaged one, that's just a fact !
So bullion or no bullion this coins is worth less because of the damage and their should be a kind of compensation for it from the company who sold it !
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8 hours ago, TeaTime said:
Maybe it's time to stop calling silver coins with a hefty premium over spot 'bullion'. The RM went from describing coins as BU to bullion as a way to cover themselves for shoddy production practices. Dictionary definition...'gold or silver in bulk before coining, or valued by weight'.
To me it's no different to buying any product that is sold partly because of it's aesthetic appeal. Just because it's made of a precious metal does not entitle sellers to pass off coins with holes in them and then state 'it doesn't matter because it's bullion'. If it's bullion then i want it at spot + production + sensible profit margin, not at premium prices. Some people buy coins not just as a way to stack silver but for the eye appeal or for collection purposes.
Maybe this whole topic is really about rip-off prices rather than the condition of the coins. Once you start paying nearly double spot the expectation of what you receive increases proportionately...
I think you are correct that if you see the premiums on some regular coins, you can not call them bullion any longer but at least semi-numismastic.
In this case, the dealer should have paid a % of the premium back. No shipping costs, just a amount to make up the loss when you will sell the coin again.
It's never nice that things like this happens but it's a good way to know who the good dealers are and who you have to avoid !
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It is a BU coin, correct but silver eagles have normal an extreme high premium so you should get some quality.
My 2 cents, never buy at this company again and this time you were unlucky ...
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7 hours ago, Happypanda88 said:
How will those who knows nothing of PMs starts buying can have an impact on collectors and stackers ?
By doing irrational things like keeping buying when the price is to high or selling everything when they have a small loss.
With silver they were responsible for the higher premiums that we still have to pay ...
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On 29/01/2022 at 19:27, Roy said:
What is this data? I think it's practically impossible to quantify how much gold is held privately.
Do Czechs have to declare their holdings by law?
I think these are nothing more than estimates and most likely inaccurate.
No-one but me knows how much I hold and I'm sure you are all the same!
I would estimate that private gold ownership is very low in the UK- we care too much for other assets. Private gold ownership in Asia is another matter and we know that he who holds the most gold makes the rules.
Nothing funny to add, sorry 😊
You are correct, articles as this are all based on figures that have no ground for existing. Estimates with no clear method or research behind them and than big teasers to attract readers.
Now the silver squeeze is almost an official failure and with the short revival of the gold price, I see more and more articles that gives you a reason to jump on the gold "hype" train. ( and I am a believer and buyer of gold but I don't see it as a hype and I know that when people who knows nothing of PM's start buying them it will end bad for them and can have also bad effects for us )
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43 minutes ago, ChrisSilver said:
It’s a Premium Member feature.
Ok, thx, that's why I did not found it.
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1 hour ago, GoldDiggerDave said:
A pro coin collector tip, my only fear in life is if I die, my wife will sell my coins for what I told her I paid for them!
As long as she does not sell them for the value that's declared on them it is not so bad ... 😇
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I looked and looked but did not find how to put a signature so some help would be appreciated ! 😀
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
Gold is for sure a good way to protect your wealth, just don't buy everything in one time because of price changes.
Hi All
in Welcome new members
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Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !