CramptonMotorsports
09-23-2004, 07:03 PM
I've been debating posting this up, but I've been inspired by the "silver in the round" thread.
After watching the Casino, when they passed around the $500 and $1000 bills, I decided to retrieve my great uncles coin and currency collection from storage.
It had been at least 10 years since I've gone through it, so I went through it and made an inventory list (how smart) and there is still some missing, god knows what family members garage the stuff is packed away in.
Anyway, onto Coins.
I decided to do a little research and I was led to the PCGS price guide and forums. The price guide is definetly RETAIL and most things that you will sell will pull WHOLESALE pricing, keep that in mind when purchasing, try not to pay retail as you most likely wont get that back if you try and sell.
The PCGS message boards are full of very knowledgeable people who are extremely helpful.
Some of the things I've been purchasing are Graded coins, which are graded by a Third Party Grading company. There are 2 reputable and reliable services. PCGS and NGC, and 1 that is a close 3rd ANACS. Tread very lightly with other slabbed coins, and unless you see the coin in person, try not to pay more than the RAW value of the coin.
Also in all of this, the knife show that I watch when nothing else is on has been cancelled or it's not in season, but that timeslot has been filled with the Coin Vault. Man o man, I can't help but laught at some of the things they sell on there and the prices they get for it, it's like retail x2. Some things are ok, but not great, but it is very informative if you listen and don't buy unless you research what the item's are really worth.
Bullion.
Silver, Gold and Platinum are the big 3.
I've put a little money into Silver in the way of generic rounds, ingot's(bar's), and Silver American Eagles(US bullion coin).
As we've all discussed here, our money is not backed by anything but hot air. If things were to come crashing down, Commodities are a hedge. So it may be a good idea to have a small hoard of silver and gold and possibly platinum if you can afford it.
Alright, I'm losing my train of thought, so I'll just leave it at this for now, if I get my A-D-D under control I'll come back and add to this.
Please everyone add your thoughts and criticism's about coin and bullion investments.
After watching the Casino, when they passed around the $500 and $1000 bills, I decided to retrieve my great uncles coin and currency collection from storage.
It had been at least 10 years since I've gone through it, so I went through it and made an inventory list (how smart) and there is still some missing, god knows what family members garage the stuff is packed away in.
Anyway, onto Coins.
I decided to do a little research and I was led to the PCGS price guide and forums. The price guide is definetly RETAIL and most things that you will sell will pull WHOLESALE pricing, keep that in mind when purchasing, try not to pay retail as you most likely wont get that back if you try and sell.
The PCGS message boards are full of very knowledgeable people who are extremely helpful.
Some of the things I've been purchasing are Graded coins, which are graded by a Third Party Grading company. There are 2 reputable and reliable services. PCGS and NGC, and 1 that is a close 3rd ANACS. Tread very lightly with other slabbed coins, and unless you see the coin in person, try not to pay more than the RAW value of the coin.
Also in all of this, the knife show that I watch when nothing else is on has been cancelled or it's not in season, but that timeslot has been filled with the Coin Vault. Man o man, I can't help but laught at some of the things they sell on there and the prices they get for it, it's like retail x2. Some things are ok, but not great, but it is very informative if you listen and don't buy unless you research what the item's are really worth.
Bullion.
Silver, Gold and Platinum are the big 3.
I've put a little money into Silver in the way of generic rounds, ingot's(bar's), and Silver American Eagles(US bullion coin).
As we've all discussed here, our money is not backed by anything but hot air. If things were to come crashing down, Commodities are a hedge. So it may be a good idea to have a small hoard of silver and gold and possibly platinum if you can afford it.
Alright, I'm losing my train of thought, so I'll just leave it at this for now, if I get my A-D-D under control I'll come back and add to this.
Please everyone add your thoughts and criticism's about coin and bullion investments.