Would YOU swap bullion for a really cool coin?
topstuf
Posts: 14,803 ✭✭✭✭✭
Bear in mind that I am an OLD geezer and could end up with something way less "liquid" than the bullion, BUT..... would have a coin that I (for silly conservative philosophic CAUTIOUS reasoning) would PRUDENTLY (ugh) consider pure silly foolishness.
No, I won't identify the coin in consideration.
Oh yes I will.... 
An early bust $10... that I once had one of but swapped it.
And it would decrease my bullion positions by about 6%
Darn it. I think I'm answering my own question.
But I must be crazy.
DARN IT! 
2
Comments
No brainer if it was me. Bullion sure doesn't bring much satisfaction in hand.
"Got a flaming heart, can't get my fill"
I think it's an over/under question. Age that is.
100%
This is exactly my though.
Give me that old gold
Absolutely, take the old gold.
I've done it and never regretted it. There are potential net carrying cost and reporting advantages especially if you own your gold cheap enough.
mark
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 think of bullion just like cash. I can sell bullion and go out whenever I want and get more. Can't say the same for a truely rare coin.
You can always buy more gold but when will you get another chance at a rare coin?? I'd do it in a heartbeat!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
You guys aren't making this any easier.
But you make sense.
Wouldn't think twice about it.
The coin says: "Buy Me"
If it's something you want, do it. I've never used bullion for a coin, but I have done it for a car I really wanted. I had less into what I traded, than what the car's asking price was. So I , essentially, paid considerably less for the car. Have never regretted it.
This
You only live once and it's a mere 6% of his gold holdings!
"Got a flaming heart, can't get my fill"
With interest rates rising gold may drop further in price. Now might be a good time to pull trigger. Plus stock market with Trump heading into office might go higher which might help coin market.
Have done it before and will do it again given the opportunity.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
You can't exactly walk into a B & M to buy that coin.
I have bullion that are coins, just ask Dimeman. It's a win-win.
I'd do that swap
Latin American Collection
An early bust $10... would decrease my bullion positions by about 6%
If I could afford 17 of them, yes, I'd get one.
Liberty: Parent of Science & Industry
NO BRAINER!!!! Spend all that bullion on COINS!!
My dad use to tell me that it''s my decision to make and mine to live with.
So, my coin brother, make the one you can live with
Been there, done that. I can/have always buy more bullion, but the uber cool coins I've gotten are now safe in my SDB.
Maybe not as liquid but still have the other 94% or so of the original bullion position for those bullion emergencies whatever they may be.
I think you have already made the decision....just looking for support...and you sure got plenty of it here.
Go for it...... Cheers, RickO
Chalk up another for trade that bullion in!
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
In a NY minute.
If you wanted a different answer, you should have posted the question in the precious metals forum.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
What's the goal of the $10, "investment" or "collectible"?
Ask yourself why you own bullion in the first place.
RE: ...way less "liquid" than the bullion...
yes, and ... terrible spreads...
Yep. A quandary... sorta... I know I can "afford" to do it either cash purchase or swap.
My (OUR when my wife was alive) "plan" was to amass bullion at every chance and then drop it off piecemeal ....AS NEEDED.... in our old age.
Well, ...I... have made it to "old age" but she didn't.
BUT.... the old ..plan.. still nags and while I don't _ expect _to need it before I go to the smelter, it's still a consideration and my "collector" of my younger years is beating up on my "sense"
of my dotage.
Still thinking.
However you guys' BIAS is having an effect.
Maybe I better hie off to the Precious Metals forum.
Of course, actually did it recently to get a new computer and a few ancients & Medievals high on my want list.
Absolutely would. And have. And would again.
Lance.
If you want it, go for it. Bullion is just yellow and white metal. Coins have character and offer something of interest.
Absolutely. I have done it and with no regrets.
Let me help. Using PQueue's response as a template:
What's the goal of the $10, "investment" or "collectible"?
Your answer - "collectible"
Ask yourself why you own bullion in the first place.
Your answer - "investment, hard asset, etc"
RE: ...way less "liquid" than the bullion...
Your answer - "potential loss if liquidity becomes an issue"
yes, and ... terrible spreads...
Your answer - "potential loss if resale becomes an issue"
So, assuming that you are more likely to take a potential loss than not, you will recoup at least 1/2 of the 6% if a fire sale becomes necessary.
The coin might be worth 3% of your bullion holdings in terms of enjoyment.
I've collected Large Cents and paid for some of them by selling bullion. At this juncture, I'm contemplating going the other direction but I still enjoy the Large Cents too.
You can go in either direction and it won't ruin you. Bullion could vary by 3% as well, in fact - it has.
I knew it would happen.
Old gold is cool. Bullion is boring.
Do the swap.
OTOH, I believe bullion prices are near a mid-term bottom. So, would you regret the swap if bullion rises over 20% in the months after Trump takes office?
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Somebody offered me some gold bullion for a PCGS MS67 50 Peso restrike gold coin, but they never followed up.
Only 6%? I'd do it! It it took all of my bullion, I might not.
My YouTube Channel
I don't ever plan on wasting coin money on bullion....just can't see it.
Already have, many times with no regrets
Steve
Most likely. Therein lies the rub.
I agree with the majority. Throw caution to the wind and enjoy a real coin. You've earned it!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
No
post pix when you get it ok?
Absolutely! Thanks to 'thebigeng', I've just completed a few trades, though it's not what most of you would consider RARE, it's allowed me to grab a few really cool coins that normally wouldn't have been on my radar at all....so, THANKS Mark!!
One other thing to> @topstuf said:
Well, if you remember your original 'cost basis' in the specific piece(s) of bullion up for trade, and it's low...then use that price in your mind as what you are 'really paying'. Or, if you only have a vague notion of your average all-in-price-per ounce. It's a mind trick, but a worthy one
I once traded an ounce of bullion I bought for a small multiple of melt when prices were relatively low. By the time I traded it gold rose to about 1.3x from where I bought it.
But that particular bullion became 'collectible'. Missed the peak for the type (it was in an SDB while I was overseas), but still managed to use it in a trade where the coin I got cost about 4X what I paid for the original bullion...even though I swapped one ounce for about 1/2 an ounce. My hoard literally shrank by a half ounce, but my numismatic joy increased, coincidentally, 4X.
Eventually I replaced that missing bullion 1/2 ounce at whatever price gold was going for, and didn't give it a second thought. My numismatic mind tricks allowed me to divorce all the activities from each other at that point.
Besides, gold may sink some more before you replace the missing stack ounce(s)...
Certainly! Right now, I have 2 LBS. of Silver (Bullion) waiting for it to climb. Sure I would replace for a coin/s. but in saying that It must be the right coin. Also, It would definitely have to be slabbed by our host.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Done it many times but ~$2000 was the max trade. Sounds like you're a holding a good chunk of bullion if 6% of it will get you an early bust $10. I'd certainly do it for the right coin.