If spot silver were to rise to $200 per ounce due to certain factors and stay that way, which coins would you have regretted or were happy with your purchases? Would you be happy you bought all those generic rounds? Would you be happy with your preimum coins? Would you regret not getting preimum instead of generic or vice versa? Would you have wished you got more bars? Interesting to see what people would think
Yep, that would be the more important question to ask. In general though, if spot soars, blobs will likely be a better ROI than most numis for most people and conversely, if spot tanks, blobs will likely be a worse ROI than many numi products. .
Then again, most would liquidate their bullion first and their numismatic last . Of the latter, enough people would likely sell their numis product for melt value at the time, making those low mintage pieces remaining even more valuable.... ...I thought a bit more about it, what if everyone thought the same way and the high mintage years of any government-minted coin were sold for melt value first...it is possible that those years would then become the most scarce and most valuable! Cheers, Luker
Without defining the events that caused the price rise, you can't give a good answer. If silver was $200USD and a honda civic was $2mm USD, I would be pissed that I was stupid enough to buy any silver.
It will never happen with common bullion coins. Dealers could melt bullion coins like CSML's, ASE's, and Pandas for a full year and probably hardly put a dent in the volume that has been minted the past several years alone. And besides, you'd have to have massive selling by dealers in order to make it worth the cost of them having massive amounts of bullion coins purchased and melted and turned into some other product. Otherwise they'd run out of shelf space quickly without being able to sell the massive amounts you seem to be suggesting. Who'd be buying at $200 / oz and why? Not saying that no one would but there'd have to be very good reason that people are buying silver in a world where it is $200 / oz. .
I am always happy with no regrets and continue buying in my savings from now till it's rise. I am a "HENRY" but soon, probably the next of my generation to follow (H igh - E arner - N ot - R ich - Y et). Just enjoying my stacking-collecting strategy.
I was researching what has happened with us pre 1964 silver coins very extensively One paper studied what has happened to silver during Hunt bros rid. The thing is the coins that were considered abundant at the time were just sent to melt while those with high book value were set aside at smelters. In couple of years collectors realized that the years once considered not rare at all became collectors' targets. Especially some halves and quarters. As of silver going up to $200 and loaf going up the same ... Has bread increased as much during gold's rise from $200 to $1500 in not to far past?! Here is the answer. I do not know if one should believe in the studies that there are not that much silver around, but what I know is I trust silver and gold more than any other paper. Saying above, as of now USD is a king. P.s. Who was buying silver at $50? $40?30? 20? When silver will be $30 one will ask himself why he didn't buy at $20. I know as I have been in this shoes already.
