Proof or BU?

[blindguy]

First off I think silver will hit $25 to $35 a ounce in the next 5 years so is it a bad idea to buy proof silver coins at a premium?  I still buy bullion but proof eagles, kookaburras, onza, koala and so on trade above melt so when silver go up so should the proof coins. Here I can buy proof 69 deep cameo eagles in NGC or PCGS slab's for $30 to $35 at auction. In the last silver boom (2011) I sold proof eagles at $75 each And when my wife looks at our silver she prefers the proofs over bullion silver. So should a person have 1/4 of their stack in proof coins?   What do you think?

[Au79]

Home cook food or fine dining? 😬

[Frost]

On 28/06/2019 at 05:24, blindguy said:

First off I think silver will hit $25 to $35 a ounce in the next 5 years so is it a bad idea to buy proof silver coins at a premium?  I still buy bullion but proof eagles, kookaburras, onza, koala and so on trade above melt so when silver go up so should the proof coins. Here I can buy proof 69 deep cameo eagles in NGC or PCGS slab's for $30 to $35 at auction. In the last silver boom (2011) I sold proof eagles at $75 each And when my wife looks at our silver she prefers the proofs over bullion silver. So should a person have 1/4 of their stack in proof coins?   What do you think?

Actually it's your concern how to spend your own money. We can advice but you decide. Thoughts on proofs vary, some think it's a great investment (especially graded ones), others believe that silver is silver no mater proof it or BU, it still comprises the same weight of silver. I don't support the idea of buying overpriced mainstream colourful proofs like Simpsons as they don't bear any collectors value for me. Only time can show whether it's advantageous buying proofs or not. But having a small precent of your metals in proofs is a good way to test this hypothesis.

[TeaTime]

Royal Mint silver proofs have historically gone down in price for the majority of coins. You can pick up silver proof sets for not a lot over spot, even the early very low mintage Britannia 4 coin silver proof sets can be had for around £100. Taking account of inflation they work out as a loss on the original selling price.....

Proof coins are somewhat insulated from the spot price but i think the market for them is relatively small. Seeing as demand is the biggest factor in determining a things value then there is not a lot of scope for profits. Sometimes though things become more desirable for unfathomable reasons.

I treat bullion coins and proof coins as completely different animals. Bullion is for salting away a few pennies when i can and proofs are for me to enjoy.