Buying raw BU Peace dollar thoughts
Bikingnut
Posts: 3,485 ✭✭✭✭
Silver is up again today now over $60 an ounce. Can I go wrong buying raw BU Peace dollars at $45 to $50 a coin? Bullion value is now over $46.
Thoughts?
US Navy CWO3 retired. 12/81-09/04
Looking for PCGS AU58 Washington's, 32-63.
Looking for PCGS AU58 Washington's, 32-63.
0
Comments
Only if silver drops.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Stacking and collecting are 2 sides to a fickle coin.
Of course you can go wrong, buying such coins with silver at all-time highs. It might keep rising, or not.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Besides comments above, depends on the date and grade. If they are 63, don't think you could lose much as I doubt silver will ever retreat below $35 in our lifetime. I think the floor is now in the mid- $40's.
As investment or pleasure, you can't go wrong with pleasure just like skiing, golf, boat and many other hobbies that drain the wallet but help one though the weeks. As an investment, everything can't be at record highs forever the higher the peak the deeper the valley.
11.5$ Southern Dollars, The little “Big Easy” set
I will gladly take the other side of that bet (and hopefully we have many many years for the price to fall). I’m not predicting anything long-term one way or the other but I think you are greatly underestimating the volatility of the metal (or future events generally).
Depends on your goal, if for collecting pleasure dive in. If this is a bullion play then you want to set your get out price, the delta between that and the purchase price will be your guide.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
At my LCS, they are going for around $32-38. If I had the additional funds, I'd definitely pull the trigger. This is how they look.
38?
arbitrage op in front of you
Yep. Owner says he hasn't gotten around to changing the prices yet. He has an enormous amount of inventory. More than any store I've ever been to.
Oh, and Morgan Dollars going for the same too.
Where are you located? I'd be a buyer if they all look like that and I'm not a stacker
Mike
My Indians
Dansco Set
Dallas, TX. I've seen almost every year included in the boxes where the prices are already stickered.
Do not regret if you have fiat dollars to spend!
At $38 for blast white and what seems a 63 easily, maybe 64, you're almost stealing from the LCS. I'd buy as many as I could at that price if they look like that.
Anything can happen and my assumption is based on US Govt debt continuing to spiral out of control taking the US $ with it. If the stock market tanks, PM's will go down as folks scramble for anything of value to sell, but silver should hold its intrinsic value as an industrial asset. WWIII happens and we're all SOL.
I’d buy them even if they didn’t look that good.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Without even seeing the coin, Blast White means in coin dealer lingo: cleaned with MS70 or something stronger.
I'm just saying, dont think you can simply send it in to PCGS or NGC and get a good rating.
This is the unfortunate trap... But buy them anyway!
I'll continue to flip silver, i.e. buy it and sell it more-or-less same day, but I have set aside a minimal accumulation. I don't want to be holding the bag if/when the bubble bursts. (Same for gold.)
Official PCGS account of:
www.TallahasseeCoinClub.com
And only if they turn out to be counterfeit.