How much premium must a new issue carry before it is no longer "bullion"?
jmski52
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The upcoming 5 oz. Bullion Silver "Quarters" are being sold via the Mint's bullion distributors, but a recent article mentioned that they will likely be sold at premiums that are comparable to the collector bullion coins, i.e. - the proof AGEs, ASEs and Plats.
Those coins are usually sold at premiums of at least 30% over face. By comparison, the standard bullion ASEs and AGEs are normally sold at a small markup over face, usually at markups between 3% to 15% over face, depending on the size and quantity.
If the definition of "bullion" and the definition of a "rare coin" ever becomes an issue - for instance, in the (hopefully) unlikely event that the government puts restrictions on precious metal ownership - where do you think that the line should be drawn between "bullion" and "rare coins"?
Will the premium influence your buying decision, and to what extent?
Those coins are usually sold at premiums of at least 30% over face. By comparison, the standard bullion ASEs and AGEs are normally sold at a small markup over face, usually at markups between 3% to 15% over face, depending on the size and quantity.
If the definition of "bullion" and the definition of a "rare coin" ever becomes an issue - for instance, in the (hopefully) unlikely event that the government puts restrictions on precious metal ownership - where do you think that the line should be drawn between "bullion" and "rare coins"?
Will the premium influence your buying decision, and to what extent?
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Folks start putting these over that and I'll opportune-buy them.
I wouldn't pay more than $3/oz premium as DrBuster said.
I have the feeling that they will go for, at least, $5 over spot. At that point, they will become numismatics items and not just "bullion".
The Libertad are a way better. JMHO
roadrunner