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Mortgage the house and buy silver commems !?

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in U.S. Coin Forum
"Silver commemoratives are very soft. This is the one market I don’t understand. Prices are very cheap but buyer attention is obviously elsewhere. If I was younger I would mortgage my house and buy silver Commems."

This is a recent quote from a very influential and knowledgeable numismatist.

While I would not mortgage my house I think he may be right ..........

Can you guess who recently said this?
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




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Comments

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>Can you guess who recently said this? >>


    A dealer with a surplus of silver commems? image
    My Roosevelt Dime Registry Set
  • Musky1011Musky1011 Posts: 3,904 ✭✭✭✭
    Someone who "LOST" their house to the mortgage company after they defaulted on their mortgage
    Pilgrim Clock and Gift Shop.. Expert clock repair since 1844

    Menomonee Falls Wisconsin USA

    http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Can you guess who recently said this?

    Someone who now lives under a bridge?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    No really this guy is extremely successful . Try again.image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Wondercoin, but just a guess....
    imageQuid pro quo. Yes or no?
  • DRUNNERDRUNNER Posts: 3,884 ✭✭✭✭✭
    I can offer no names, but I definitely realize my Commems have gone absolutely nowhere since I purchased them. That's OK . . .I collected them, I didn't invest in them. Still, when I look at what my Type, Morgans, and Indians have done . . . . with higher mintages, it just makes me realize NO ONE collects Commems, consequently there is little demand.

    Drunner
  • lathmachlathmach Posts: 4,720 ✭


    << <i>

    << <i>Can you guess who recently said this? >>


    A dealer with a surplus of silver commems? image >>




    That was my first thought too.

    Ray
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    I'm going to pass on this opportunity.
    Coin Rarities Online
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>I'm going to pass on this opportunity. >>


    Don't pass. I know you can outwit the answers given thus far. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>I'm going to pass on this opportunity. >>

    image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Warren Buffett ?
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    I don't know who said it but I think they are crazy. I would not mortgage my house for silver commems or any other coin. image
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>Warren Buffett ? >>

    No, not Warren Buffet but.....
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>Warren Buffett ? >>

    No, not Warren Buffet but..... >>


    Warren Miles?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>Warren Buffett ? >>

    No, not Warren Buffet but..... >>


    Warren Zevon?

    image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • truthtellertruthteller Posts: 1,240 ✭✭


    << <i>"Silver commemoratives are very soft. This is the one market I don’t understand. Prices are very cheap but buyer attention is obviously elsewhere. If I was younger I would mortgage my house and buy silver Commems."

    This is a recent quote from a very influential and knowledgeable numismatist.

    While I would not mortgage my house I think he may be right ..........

    Can you guess who recently said this? >>






    Bernie Madoff.





    TRUTH
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>Warren Buffett ? >>

    No, not Warren Buffet but..... >>


    Warren Peace?



    image



    Should I quit with the Warrens? image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Warren Pease?
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    oops
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    No, no, no, ....he is a really big name in numismatics!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Q. David Cassidy?
  • tightbudgettightbudget Posts: 7,299 ✭✭✭
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>Q. David Cassidy? >>

    Uh, ....close.image

    Come on try again.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    QED?
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>No, no, no, ....he is a really big name in numismatics! >>



    Andrew Bowers? He's bigger (taller) than his father.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BBNBBN Posts: 3,761 ✭✭✭
    Jimmy Buffett?

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>

    << <i>No, no, no, ....he is a really big name in numismatics! >>



    Andrew Bowers? He's bigger (taller) than his father. >>

    no, not Andy.....I will give you a small hint....he is a prominent coin dealer...
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>No, no, no, ....he is a really big name in numismatics! >>



    Andrew Bowers? He's bigger (taller) than his father. >>

    no, not Andy.....I will give you a small hint....he is a prominent coin dealer... >>


    Gee, they are all prominent to me. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Johann Gambolputty de von Ausfern- schplenden- schlitter- crasscrenbon- fried- digger- dingle- dangle- dongle- dungle- burstein- von- knacker- thrasher- apple- banger- horowitz- ticolensic- grander- knotty- spelltinkle- grandlich- grumblemeyer- spelterwasser- kurstlich- himbleeisen- bahnwagen- gutenabend- bitte- ein- nürnburger- bratwustle- gerspurten- mitz- weimache- luber- hundsfut- gumberaber- shönedanker- kalbsfleisch- mittler- aucher von Hautkopft of Ulm?
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭
    Gotta be David Hall.....
    My Roosevelt Dime Registry Set
  • tightbudgettightbudget Posts: 7,299 ✭✭✭
    image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Okay, I am out of guesses and, frankly, if Doug Winter, Laura Sperber, Mark Feld, QDB, John Albanese, and the ghosts of Abe Kosoff and John Pittman all came to my door and personally gave me the same advice, I would give them all the same answer: "Thanks, I am not interested."
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>Gotta be David Hall..... >>

    Why yes, ...he wrote it here!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>Gotta be David Hall..... >>

    Why yes, ...he wrote it here! >>



    "Thanks, David, I am not interested."
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • 291fifth291fifth Posts: 24,518 ✭✭✭✭✭


    << <i>

    << <i>I'm going to pass on this opportunity. >>


    Don't pass. I know you can outwit the answers given thus far. image >>



    I'm going to pass, too.image
    All glory is fleeting.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    Now I don't think David really wants you to mortgage your house but I think he is saying they are undervalued relative to moderns commems. Once the modern commem crowd discovers these.......
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • messydeskmessydesk Posts: 20,139 ✭✭✭✭✭
    Hmmm. I guess HRH's report will have to be saved and reassessed for prescience next year.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • partagaspartagas Posts: 2,056 ✭✭✭
    Pass on this series. Nice coins but way too many available to ever appreciate in value imho.
    If I say something in the woods, and my wife isn't around. Am I still wrong?
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>Pass on this series. Nice coins but way too many available to ever appreciate in value imho. >>

    You feel that way about modern commems?
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • DRUNNERDRUNNER Posts: 3,884 ✭✭✭✭✭
    I still think the underlying point is that no one is buying Commems . . .

    Interesting situation, and one that has been the subject of several threads already. I debated selling off my Commems in early 2008 but held on (with the advice of those on the Boards). It is amazing how a series that is 'closed', with huge historical impact, infinitesimal (usually) mintages, large coins, excellent artwork, and US Legal Tender, would not be at the forefront of numismatics.

    Baffles me . . .

    But hey, supply and demand right? Just because I can't understand it doesn't mean that I'm right, or anywhere close to it.

    Commem collectors of the world . . UNITE!

    Drunner
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>Pass on this series. Nice coins but way too many available to ever appreciate in value imho. >>


    The trick is to buy the high end, original, and superbly toned ones. Of course, those really aren't
    cheap. But, they will be good investments if held long term.
    My Roosevelt Dime Registry Set
  • BochimanBochiman Posts: 25,553 ✭✭✭✭✭


    << <i>

    << <i>Can you guess who recently said this? >>


    A dealer with a surplus of silver commems? image >>



    EXACTLY what I thought when I read the OP image
    They don't sound very knowledgeable to me and likely have a lot to sell (maybe THEY mortgaged their house to get a hoard of them and now the money is due image )

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • cladkingcladking Posts: 28,702 ✭✭✭✭✭


    << <i>Now I don't think David really wants you to mortgage your house but I think he is saying they are undervalued relative to moderns commems. Once the modern commem crowd discovers these....... >>




    Excellent point.

    There are an awful lot of people interested in the moderns who form a huge potential market.



    We really should work a lot harder on bringing new collectors into the fold.
    Tempus fugit.
  • GritsManGritsMan Posts: 2,599 ✭✭✭
    I like commems a lot, but flipping through the Red Book, I have to say that many (most?) suffer from being about things that have little relevance to the nation as a whole. The Cincinnati Music Center? The Hudson Sesquicentennial? Sure, there are some great ones, too, but gee... Some modern commems also suffer from this, but not as many IMO.
    Winner of the Coveted Devil Award June 8th, 2010
  • krankykranky Posts: 8,709 ✭✭✭
    I'd considing taking that advice if I knew for a fact that they were going to be promoted by a group of prominent dealers. That's what it will take.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>I'd considing taking that advice if I knew for a fact that they were going to be promoted by a group of prominent dealers. That's what it will take. >>


    Or better yet, the Home Shopping Network!

    I can see it now:

    "Get one of these certified mementos of American history. Design may differ from coin
    shown. Please specify Roaring 20s or Great Depression when you order..."

    image
    My Roosevelt Dime Registry Set
  • mrcommemmrcommem Posts: 1,183 ✭✭✭✭✭
    I bought most of my classic commems from 1996 to 1998 when they were cheaper than they are now. The prices have not done much lately but many of the have had a considerable runup from 1998 to 2006. Prices have gone down a little since. Silver commems are the same as all the rest of the coin market, they go up and down in a cyclical manor. Now that the state quarters are finished it wouldn't take a whole lot of those collectors to jump to collecting commems to cause another boom in classic commems. I don't think this will happen in this recessional climate since it will cost $50,000 or more to assemble a nice MS65 set, but once this recession is over things might jump. You can't find a more historical or interesting set to collect.
    Mr Commem
    Overland Trail Collection Showcase
    Dahlonega Type Set-2008 PCGS Best Exhibited Set
  • OverdateOverdate Posts: 7,104 ✭✭✭✭✭
    I don't think either modern or classic commems are likely to achieve great popularity as complete sets. There's no continuity in design, theme, or frequency of issue. The only thing loosely binding them together is that they are commems. Some will become popular for various reasons, such as classic design (2001 Buffalo dollar) and scarcity (1997-W Jackie Robinson $5 gold uncirculated). IMO most collectors acquire the commems they like and can afford, without any intention of completing a set.

    My Adolph A. Weinman signature :)

  • ShortgapbobShortgapbob Posts: 2,332 ✭✭✭
    I think that commemoratives have some potential, but it will depend if they are promoted anytime in the near future. Although many have low mintages, early commems were heavily saved and are generally available today. But, they would be an attractive series for the major marketers/telemarketers to promote. They have generally low mintages, are historical in nature and, most importantly to the marketers, are readily available enough to promote in large quantities.

    If the marketers start promoting them in the near future, there will be upward pressure on prices. A similar thing happened a several years ago when the marketers began promoting generic date $3 Gold pieces in MS-65. Prices shot up very quickly, then fell substantially when the coins quit being promoted.
    "It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle

    For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.

    The Reeded Edge

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