Bullion Proof

MoMoney

Is it a good investment to collect Bullion proofs? By the mintage, seems they are rare when you purchase them from the mint, what do all of you coin collectors think?

Silver,Gold, platnium

jhar

Coins are great to collect, look at, study, and talk abut. You are better off "investing" in the stock market.


But hey that's just my opinion....

Welcome to the boards.

RLinn

I agree with Jhar. But just assuming for the moment that coins are a great investment, they will sneak up and grab you in a way no other investment will. You will become attached to them and want more of them and they will become like children to you and you will remember them even if they leave home and may never ever part with them and that's not an investment any longer. It will, however, be a momentary and interesting diversion for your heirs just prior to liquidating them after your demise.

KoinKollector

Something that was minted last week w/ a mintage of 30,000 isnt rare.... IE 1995-W Eagle...

coinfinder

I would go for silver. Affordable and less risk.

wallstreetman

Dont let anyone tell you something is not a good investment! Anything is a good investment when it is purchased at the right time! Was the Stock Market a good place to be over the last two years? Now is a good time to invest in precious metals.

BSqr

Think of Bullion as a store of value not an investment per se. Bullion retains its value very well, especially gold, but do not buy it anticipating appreciation. Now if you buy gold or platinum proof coins then you have transferred value into bullion that may over time appreciate because of its form (proof coin). This is particularly true for commens. As a matter of fact, this logic is exactly what got me into gold commems. Not only do you have the stability and liquidity of gold bullion but also have the potential for appreciation over time. Of course, this is just my opinion. I could be way off my rocker.

jtryka

You could probably just get any number of classic gold coins for little premium over the proofs. The 1889 Lib. $20 is a good example, as you can probably get a nice AU-58 or MS-60 for little more than the price of a proof gold eagle, and the mintage is only 44,111 and it's over 100 years old. Plus, these circulated, so there is a much wider distribution of grades as opposed to every one of the proof eagles being between PR-67 and PR-70. Much better deal in my opinion.