Hi All, just a question and i guess it is subjective to personal opinion, but at what point with regards to Gold/Silver spot price does the numi value become obsolete? or will certain items always retain a numi value over spot? if for example i look at Perth Mint lunar series items each year they are going up in value after production ceases and declared mintage's are released, so this year you can buy a lunar monkey for $x and next year it goes up $x in value as it is no longer made, but when does the spot value cancel that gain out, if ever?
Numismatic value will never become obsolete. For example - any lunar will be worth spot - even damaged. But people will pay more depending on condition and availability therefore leading to a numismatic/collectors premium or numismatic value over spot. malachii
How about if Silver was $1000 an ounce today, will a lunar Monkey bullion be selling for $1600 straight from the mint or will an Lunar OX 1 oz be $3500 a coin?
so from the responses so far i am getting the picture that it will not become obsolete however the premium will change a given amount dependent on the spot value change so far it all makes sense. thanks for the responses.
Numismatic premium will always be there so long as there are people who value the item above and beyond the spot price of the raw base metal. Numi premiums do change for different reasons including with significant spot price changes. In the real world though, for the foreseeable future, spot price of silver will never get so high that there will be no premiums realized in the aftermarket for popular coins like he Lunar series. If spot price for silver ever hit USD $1,000/oz then you can probably assume that a loaf of bread will be around $100 or more at that time also. Prices are generally relative and must be put into context. .
