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How to justify the price of a coin


Markh

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Posted

I like people's opinions on how to justify paying the price of some coins for example. If I paid £180 for a 1oz silver coin and I sold it at a higher price , would the initial outlay be justified. I think it would.

Could I justify the same outlay if I kept the coin. 

Is  there anybody here that also buys high premium coins or is is best to keep to the lower grade bullion coins and just track the spot price.

 

Posted

Well same as agpanda, I paid 300£ for a vintage silver panda (rare variation) it’s really up to your preference. For me I’m not stacking on weight of PM but if you are after the high premium stuff make sure you do A LOT of research on it

Omne aurum quod rex valūtās

Posted

the mint can do a re-mint with better technology, and the grading is up in the sky.

all existing coins will be re-ranked and buyer will suffer big loses, 

 

the premium will also depends on your location, usually foreign land would not pay such high premium as compared to the local with massive supply etc the opposite can be true as well

just like Peter rabbit,  your end would rush up the premium, but we don't know what is all about....:)

tax, shipping etc can be contributors of the differences too

 

I do see kook going for A$31 ea 2016 in the other forum, but my local market here in SG, they are readily available just for S$28.75

the exact same coin 2016 kook, different in prices too in different places

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