Who would buy Billy Meier coins and why?

SpacePete

SpacePete

Well-Known Member
Silver Stacker
What are the reasons someone would buy a monster box of 1oz Billy Meier coins? I understand the premium is lower, but there is the risk of the aliens dropping by and confiscating them, and of course you'll get reported to the CIA.

I am struggling to understand the utility of these giant boxes of plastic UFOs given the obvious cons.
 
Dealers would be one to buy them and break them up to sell as tubes or single coins.

And wealthy folk who don't need to worry about possible/inevitable drops.
 
Perhaps as a group buy among friends to lower premium of the more liquid bullion denomination for later trade? Maybe to try and make money in onselling them at a later stage when spot has risen a bit?

I don't think there is a logical reason otherwise. You don't need that much liquidity as an individual and are just throwing away extra ounces for your stack.
 
SilverPete said:
What are the reasons someone would buy a monster box of 1oz silver coins? I understand the premium is lower, but there is the risk of the silver price dropping, and of course you'll get reported to AUSTRAC because the price is likely to be over AUD $10k.

I am struggling to understand the utility of these giant boxes of coins given the obvious cons.
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Answering this as a US person. With monster boxes you get the lowest price and untouched coins. If you are reselling low premium coins (ASEs), back to a dealer, you can often get an additional premium over the singles. Only downside is storage, especially with the ASE boxes.
 
Obviously people with spare cash wishing to dabble in the silver market.
If you have $20k or more to risk in a casino, why not buy a monster box of ASEs or Maples ?
 
i got a monster on the way, my second one ever

i bought it because i had enough cash and the premium discount for going large
 
Don't know but buying monster boxes just takes the fun out of stacking somehow.
 
goldpelican said:
SilverPete said:
and of course you'll get reported to AUSTRAC because the price is likely to be over AUD $10k.
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Only if you pay cash.
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I thought it was for any form of monetary payment, even electronic transfers. I could be wrong.

Or do you mean a trade of something?
 
Dealers only have to report suspicious matters, and cash (as in folding cash) transactions. Spend $2m and pay by bank transfer and there's no reporting done by the dealer.

Whether banks report it is out of the dealers hands, but it would just be reported as a transfer, not a bullion purchase. Tens of thousands if not hundreds of thousands of such transfers happen daily - so it just sits there anyway as a data point waiting for future use should an audit, criminal investigation etc take place.
 
Altima said:
Don't know but buying monster boxes just takes the fun out of stacking somehow.
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How does that take the fun out of stacking ?
Have you never seen a tall tower of tubes "stacked" one on top of the other ?
That's what a real stack is all about; even though the coins are identical they are still Ag !
Much more attractive than a poured brick.
 
Photonaware said:
Altima said:
Don't know but buying monster boxes just takes the fun out of stacking somehow.
Click to expand...

How does that take the fun out of stacking ?
Have you never seen a tall tower of tubes "stacked" one on top of the other ?
That's what a real stack is all about; even though the coins are identical they are still Ag !
Much more attractive than a poured brick.
Click to expand...
It's hard to create a really tall tower of 1oz coins though, especially if you have a cat. A tower of kilo coins, however, would be spectacular. Is there a monster box of 1kg koalas or kooks?
 
In a shtf scenario what do you use to pay for a loaf of bred? 1k bars? More likely there is change for an oz of silver then a 1k bar (or coin).
And there is the fun side - to look at your box and its content.

BTW, if you consider that the silver price could go down, then you never gonna buy anything.
 
Takes the fun out cos you reach 500oz just like that (and spot dives after you buy). More fun to collect bars and coins some at a time to average out your price per oz.

And I don't subscribe to the SHTF scenario. You won't be using silver to barter trade you would probably be using utility items to trade (like clothes, blankets, food).
 
SilverPete said:
Photonaware said:
Altima said:
Don't know but buying monster boxes just takes the fun out of stacking somehow.
Click to expand...

How does that take the fun out of stacking ?
Have you never seen a tall tower of tubes "stacked" one on top of the other ?
That's what a real stack is all about; even though the coins are identical they are still Ag !
Much more attractive than a poured brick.
Click to expand...
It's hard to create a really tall tower of 1oz coins though, especially if you have a cat. A tower of kilo coins, however, would be spectacular. Is there a monster box of 1kg koalas or kooks?
Click to expand...

I think there's a monster box for Armenian kilo coins.
 
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