Old vs. New

[Roy]

I was thinking about this earlier in the bath, when........!

The following is a ramble, a stream of consciousness if you will...

Feel free to pick it to bits.

Now then, your modern silver bullion coin is recent. Something like '86 for an Eagle, '87 for a Panda, '90 for Kooks? 

Some have unlimited mintages, others are capped at a fixed number. Perhaps as little as a 30 year history.

I suggest that no one knows what will happen to the future values of these coins and I'll try to explain why.

Let's take the gold Sovereign and the silver Crown. Both circulating coins, worth their weight. Unlimited production. No premium. 'Bullion'. 

Back then.

Now, a sovereign or a crown can command a (small but not insignificant) premium over its weight. Sometimes a large premium depending on condition, obverse/reverse, mintmark or year. No one suspected that back in the day, did they?

Of course, I can find fault with my own argument. These coins have history, something a modern, encapsulated, air conditioned and moisture controlled bullion coin won't have. But? An Elizabeth II can still pull a premium too.

Beautiful designs, low mintage, a series, purity. I'll wager 3s and 6d that your modern bullion coin will have its day and as such, a fitting addition to any investment portfolio.

 

[BaldyBob]

Desirability comes and goes, and at the end of the day it is worth what someone is willing to pay on the day.

Holding for the long term can never be a bad thing (unless 100,000 people are doing the same). The beauty of PM's of course is that they will always be worth spot, minus a few % regardless of collectability.

[Guest]

This video seemed connected with the subject and most people seem to think it made sense so...

https://youtu.be/-vE8gC9LlPc

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[Roy]

@Numistacker 'And soup...' still chuckling now. 

Another thought. Whilst sovs and crowns always had a value, by weight, that was all. There was no numismatic premium, semi or otherwise or else folk wouldn't have soldered them into jewellery, drilled holes in them to hang around their neck or tapped the edge for hours on end with a spoon to make a ring.

 

[Guest]

@Numistacker 'And soup...' still chuckling now. [emoji3]

Another thought. Whilst sovs and crowns always had a value, by weight, that was all. There was no numismatic premium, semi or otherwise or else folk wouldn't have soldered them into jewellery, drilled holes in them to hang around their neck or tapped the edge for hours on end with a spoon to make a ring.

 

Some people had imagination and others were Philistines. The ones with the protective instinct kept beautiful coins in tissue paper for 150 years. Others just drilled holes into their gold dollars and made them into bracelets and rings!

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[HighlandTiger]

3 hours ago, Roy said:

@Numistacker 'And soup...' still chuckling now. 

Another thought. Whilst sovs and crowns always had a value, by weight, that was all. There was no numismatic premium, semi or otherwise or else folk wouldn't have soldered them into jewellery, drilled holes in them to hang around their neck or tapped the edge for hours on end with a spoon to make a ring.

 

No, of course no-one does that to modern coins today do they?

or do they ?

 http://www.ebay.co.uk/itm/Solid-Gold-Perth-Mint-2013-Year-of-Snake-Lunar-Coin-Necklace-Free-Jewellery-Roll-/200823017346?hash=item2ec1fc0f82:g:PTcAAOSwAuNW23-Q

[Roy]

[sovereignsteve]

11 hours ago, HighlandTiger said:

No, of course no-one does that to modern coins today do they?

or do they ?

 http://www.ebay.co.uk/itm/Solid-Gold-Perth-Mint-2013-Year-of-Snake-Lunar-Coin-Necklace-Free-Jewellery-Roll-/200823017346?hash=item2ec1fc0f82:g:PTcAAOSwAuNW23-Q

What's the problem, it's only a bit of gold and it's in a bezel isn't it? Not a hole or blob of solder to be seen.

[StackemHigh]

Any sort of bezel will over time rub and Wear.  The skin again over time will polish coins and if graded will be returned improperly cleaned. 

Several people have explained this to me and I still buy ex jewellery pieces because I like them,  just at a much lower price.