Why do you buy NCLT "coins"?
291fifth
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... if you do ... NCLT stands for Non-Circulating Legal Tender.
All glory is fleeting.
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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
Many NCLT coins are sold as precious metals bullion---ASE's, AGE's, Britannia's, Libertad's, Maple Leaf's, etc. As the national debt approaches $20,000,000,000,000, many people are concerned that paper investments denominated in paper dollars will not be a safe way to store wealth. They are not buying them so much as an investment but rather as a means of preserving wealth.
I agree with this assessment. I would do the same thing for the same reason as listed above. I would most likely put together date sets because I like doing so. Personally I do not do so at this time.
As for non-bullion stuff like the Franklin mint produced I would never collect any of it. Collecting this type of material never made sense to me. Seems to be no up-side to non-bullion NCLT issues and interest is low. JMO.
Bob
Many NCLT coins are sold as precious metals bullion---ASE's, AGE's, Britannia's, Libertad's, Maple Leaf's, etc. As the national debt approaches $20,000,000,000,000, many people are concerned that paper investments denominated in paper dollars will not be a safe way to store wealth. They are not buying them so much as an investment but rather as a means of preserving wealth.
Plus some of them are just cool anyway!
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Appreciation is a possible bonus -- especially for attractive well-struck designs.
So many choices -- makes it easy to find something I like.
My latest purchase...
British Royal Mint, first 2 oz bullion, first of 10-coin series: https://www.royalmintbullion.com/Products/Queens-Beasts/QB16LSC
Still awaiting delivery; hopefully I'll like it in-hand.
But these "coins" are just an interesting sideline. My main focus is still U.S. half dollars, especially Walkers.
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K
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Some buy ASEs to flip for a profit [hopefully] while others buy to hold for a longer term.
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
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Otherwise, I like collecting elements, so anything that is high purity might be of interest, depending on the design.
But I do not have much in the way of NCLT.
...I like collecting elements, so anything that is high purity might be of interest...
Elemetal 1 oz Silver Round
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They are very 'liquid' and such have outlasted other fiat currencies....plus, they are beautiful coins... Cheers, RickO
compulsively collecting little round metal discs disorder
"Inspiration exists, but it has to find you working" Pablo Picasso
Gold and silver NCLT are a store of wealth and an important resource if financial disaster hits.
They are very 'liquid' and such have outlasted other fiat currencies....plus, they are beautiful coins... Cheers, RickO
Ricko---Congrats! This is your 44,444th post.
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
Latin American Collection
One of my favorites is the Delaware commemorative half dollar. I was born and raised in Delaware, anad there are not many collectable coins and tokens that have ties to the state. My mother also told me that my aunt, who had a state job at the time of the 1938 celebration, worked on it as a part of her responsibilities.
2) I like some of them. I like that they hold intrinsic value in the metals
3) I'll buy/collect what I like.
4) Pretty easy to sell if needed/wanted. I have found it easier to sell SAEs than 1oz bars. Not because shops don't respect the bars but because I have sold SAEs to non-bullion/non-coin people, at going rates (bullion+), because THEY liked it.
5) They make great gifts. My son has given SAEs in a nice little case to coaches/teachers that he has appreciated.
6) I'll buy/collect what I like.
7) Somewhat of a store of wealth. If purchased around bullion price (plus a little premium maybe), fluctuations are with the spot value of the metal...not around mintage figures (so, obviously, I am not talking about graded/PR70 versions)
The above is just my thoughts and I really only do US NCLT
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
In short collecting NCLT is just another manifestation of my CCLRMDD.
compulsively collecting little round metal discs disorder
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