@Cougar1978 said:
It’s a tough call. The US coin market seems over valued to many Low pop Canada and Mexico issues. I don’t see generics coming back.
Do you know how tough it is to find slabbed Mexico Second Republic Material?
I believe collecting will go in a more global direction especially where scarce / low pop material is being chased.
Silver (known as the poor mans gold) is very affordable and has many fantastic modern bullion issues many with low pops. While I have double Eagles, many coming in the bourse room can’t afford them as they are over the weeks check of a lot of people especially here on Houston. Try and put together a set of Mexico 20th century slabbed 50 Pesos Gold. Tough.....or the Cabalito Peso.
Funny you mentioned 2nd republic Mexican coins .
I am hoarding slabbed 2nd republic Mexican coins especially 8 reales .
That's a fun series to play around with.
Yes they are . Actually I am doing more than just playing around :
Check out my registry ..... May take minute to load .
I started back into the coin market at least five or six years ago into coins as a "stacker". Since then I have picked up plenty of coins when the opportunity arose. Basically currently buying pre-1933 gold at near bullion prices but walked in and grabbed a slabbed 1858-S along with raw 1843-D and 1852-D half eagles... if you consider those "rare coins" that may be one path. Have since purchased a number of higher quality Morgan Dollars and higher grade early American type coins.
Of course, I previously owned a small collection, most of which I sold many years ago so coins were in my blood.
Do you buy more rare coins when gold is going higher?
Did most of my stacking several years ago. Backed off now that price has moved higher. I guess I'm looking more at numismatic or "rare" coins now so while the plan was not to purchase those now that gold is higher, I guess your answer is yes. I look at gold and silver as an insurance policy if %$#! ever hits the fan. I purchase the other stuff as a hobby and possible longer term investment. I never stacked in replacement of sound investing, its simply a part of a diversified portfolio.
Interesting. That's almost the opposite scenario from what others have suggested. You spend more on rare coins when gold is high, not because you feel rich, but because the bullion is too expensive! Maybe high gold prices are good for coins ...
Comments
I consider it all "playing around". I didn't mean anything by it. I think Hanson is playing around.
Interesting. That's almost the opposite scenario from what others have suggested. You spend more on rare coins when gold is high, not because you feel rich, but because the bullion is too expensive! Maybe high gold prices are good for coins ...
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Interesting - smart strategy hoard them tough to find. Selling out my US (sales attrition) pickup that material.
Gold Currently $1,577.50…Highest Since 04/09/13
Silver Currently $18.37…Highest Since 04/13/17