Why don't (some) people like colorized Silver Eagles?
piecesofme
Posts: 6,669 ✭✭✭
When considering buying Silver Eagles, does it matter to you if they are colorized or not and why if it does?
If all your local coin shop had was colorized SAE's, would you buy them or go elswhere? Would you pay the same amount, more, or less for colorized as for a BU SAE?
Personally, I think they are very patriotic and dont feel they take away anything form the coin because it's still .999 fine silver. Just trying to understand why some people wouldnt buy them. Thanks
If all your local coin shop had was colorized SAE's, would you buy them or go elswhere? Would you pay the same amount, more, or less for colorized as for a BU SAE?
Personally, I think they are very patriotic and dont feel they take away anything form the coin because it's still .999 fine silver. Just trying to understand why some people wouldnt buy them. Thanks
To forgive is to free a prisoner, and to discover that prisoner was you.
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Comments
<< <i>I'd pay less. Hassle of stripping them. >>
How do you strip them without damaging the surface?
I have none but will eventually get one. I do not consider it anyway a silver bullion but just a collectible, like a medal. JMHO
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Why don't (some) people like colorized Silver Eagles? >>
Because they're colorized.
I understand it's jyo, but is it not a 1 oz. .999 silver coin? Thats the whole part of it I just dont get, it's still 1 oz. of pure silver. Not trying to argue with you or anyone who feels that way, Im just saying that I dont get that part.
So acetone will take off the decal/paint without damaging the coin? Will it still look mostly original afterwards? Just asking because i'm into 50+ of them at a pretty darn good price and it might be worth my while to "strip" them. tia
They're tacky, aftermarket, overpriced crap sold to people who understand nothing about art, numismatics, history, or precious metals.
Best case scenario, and I hesitate to use that expression, is that the "colorization" is simply a 4-color transfer in paper or polymer applied to the surface of the coin. Worst case scenario it's an enamel silkscreen or some other semi-permanent or permanent damage done to what was once a coin.
Adding anything, least of all paint and chemicals, to a coin whose sole reason for existence is purity is ridiculous. Having to use caustic chemicals to try to remove those added paints and dyes is absurd.
I literally wouldn't walk across the street to pick up a "colorized" silver eagle.
But if you like "colorized" SAEs, here's a tip: The Bradford Exchange has an exquisite Native American-style, glow-in-the-dark, 4-plate dreamcatcher display complete with genuine feathers and beads. Its production is limited to only 295 casting days. Order now. You'll love it.
--Severian the Lame
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Weiss, can we assume that we will not be seeing you stacking these high or in any other configuration in the Friday PMPorn threads?
MJ >>
Too severe?
--Severian the Lame
Fred, Las Vegas, NV
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>I do not consider it anyway a silver bullion but just a collectible, like a medal. JMHO
I understand it's jyo, but is it not a 1 oz. .999 silver coin? Thats the whole part of it I just dont get, it's still 1 oz. of pure silver. Not trying to argue with you or anyone who feels that way, Im just saying that I dont get that part.
So acetone will take off the decal/paint without damaging the coin? Will it still look mostly original afterwards? Just asking because i'm into 50+ of them at a pretty darn good price and it might be worth my while to "strip" them. tia >>
It's just me. I like my bullions to be bright and shiny and appear like pure silver or gold. (btw, I don't even consider the commemoratives as bullions because they don't show their metal content)
I am more a collector than an investor/holder. I don't buy toned bars or coins just because they contains silver, I want them to have some eye appeal.
I think that the colorized Eagles are more tourist items (that's why I will eventually buy one, being an Italian who lives in the States I have a bunch of US "souvenirs").
If I find a good deal under spot and can flip them for a profit, of course I will jump on them!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>rotflmao...you people crack me up. anyway, thanks for your thoughts. I'm sure someone will disagree and realize that they are still pure silver and pick them up for less than spot, which is how im offering them. >>
I think the problem is not if we realize they are pure silver.. Everyone knows that already.
The problem comes in liquidity. How fast can you sell them?
Personally I think the colored and painted coins are ugly.
There must be some reason they are the only silver eagles left in the shop.
Dare I say it's because nobody wants them or buys them?
<< <i>There must be some reason they are the only silver eagles left in the shop.
Dare I say it's because nobody wants them or buys them? >>
Maybe the shop owner wants too much for them. They should be worth at least melt value.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I'd pay no more than melt. An acetone soak should get rid of the paint but if I bought any I'd leave them well enough alone. >>
Acetone doesn't work that well on most of that paint. Paint stripper gets most off but there is still paint deep in the design. Not worth it. Buy them cheap. It's 1 oz of silver.
Not for me, however.
I knew it would happen.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I'm waiting for the Mint to join the rest of the world by producing colorized bullion or commem coins. In my opinion, some designs are very well done. If those colored ASE's were Mint produced, I believe they would sell like hot cakes. >>
I think you're right... especially if they got a few hot artist to design them.
<< <i>How many here that said they wouldn't buy them would change their mind if they were offered some at below melt? >>
Throw in a binder and I'd be very tempted!
edited to add: I wondered what that 'highlight' button would do. lol
I had to find out myself after your post
<< <i>How many here that said they wouldn't buy them would change their mind if they were offered some at below melt? >>
Right here. Not for 30% back of melt.
--Severian the Lame
Much like the Perth mint colorized stuff, they're not as liquid.
Liquidity will be key when the rush for the exit happens.
<< <i>I'd pay no more than melt. An acetone soak should get rid of the paint but if I bought any I'd leave them well enough alone. >>
Part of last weeks addition.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
they'll be stocking stuffers for my grandson.
Herb
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