Which would you rather have? A gold coin or a silver coin?
topstuf
Posts: 14,803 ✭✭✭✭✭
Let's see if I can word this without ambiguity this time.
Here's the choice. You can have FREE either a $1,000 silver coin or a $1,000 gold coin. The $1,000 is what a dealer would PAY for either. Backed up by a written offer. It's slabbed. It's not stolen.
It may or may NOT be a series you already collect. Maybe it is and maybe it isn't. No choosies.
It's in a bag. The bag is opaque. The bag is being held behind my back. In a different room.
It may be classic or modern.
Did I forget any possibility that would preclude a choice?
It's not the latest "giveaway."
Here's the choice. You can have FREE either a $1,000 silver coin or a $1,000 gold coin. The $1,000 is what a dealer would PAY for either. Backed up by a written offer. It's slabbed. It's not stolen.
It may or may NOT be a series you already collect. Maybe it is and maybe it isn't. No choosies.
It's in a bag. The bag is opaque. The bag is being held behind my back. In a different room.
It may be classic or modern.
Did I forget any possibility that would preclude a choice?
It's not the latest "giveaway."
0
Comments
<< <i>I'll take the silver. It has to be way more rare than the gold at that price.
What she said
<< <i>I'll take the silver. It has to be way more rare than the gold at that price.
Nailed it.
Exactly what I was was going to say.
<< <i>Even though I agree with the silver $1k coin being rarer, hence more desirable then the $1k gold, I still pick the gold because I don’t have any in my collections.
Well, I personally would prefer silver for the rarity factor, there's something else at work.
If someone can't afford a $1,000 coin, AND they have plenty of silver coins already, someone being *given* a $1,000 coin may recognize this as their only chance to own gold, and might choose the gold for that reason alone.
I would hazard a guess that most people who could afford gold coins without hardship (except those who specialize in gold already) would choose silver coins for the increased rarity factor, and most people who can't afford to buy any gold coins would choose gold as their one chance to get some. Could be wrong, but that's my gut.
https://photos.google.com/share/AF1QipNX5On5yDhT46OtnY5uIEth9nyaJBQGS8pd3FXPPAlEkZvlknjs6AjNA_epjkVFVg?key=MUVmZ0RxcjBSR3k4d0VNRmdGeFUwaUl1VEtGUGlB
https://photos.google.com/album/AF1QipNAIaSqPRMg72Om7F45Y7afv2oe9gSpiHfUtnra
The coin may not BE an ounce.
<< <i>Where do so many get the idea that silver "must" be rarer simply because an ounce of gold is more than an ounce of silver?
The coin may not BE an ounce. >>
Here's the thing:
* We don't know what the gold coin is OR what the silver coin is, OR the weight of either;
* We only know that each has a current market value of $1000;
* We can not choose which silver coin or which gold coin we receive;
* In general, given two coins worth $X where one has much more "bullion" value than the other, the coin with less bullion value has more *numismatic* value (based on supply and demand for the numismatic qualities of the coin).
Add all of that up, and we have to assume that most likely, the silver coin is going to have more "numismatic" value, meaning scarcer and/or in higher demand.There are a few Coronet quarter eagles, for example, which are quite scarce for well under $1,000, and many scarce dates in that series sell for little more than type coin money. But by and large, show me a $1000 silver coin and a $1000 gold coin, and the chances are high that supply and demand favor the silver coin.
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>It may be classic or modern. >>
Just because of this I took gold.
Ken
TorinoCobra71
Chances are the gold coin is prolly being valued more on it's bullion content than it's rarity. The silver coin is obviously being value on it's rarity and not it's silver content.
I expect gold to go mcuh,much, higher over the next five years and outperform silver. I would expect the bullion value to rise higher than the rarity value.
<< <i>Silver. You cannot get a decent gold coin for $1000.
There you go!!
<< <i>Silver. You cannot get a decent gold coin for $1000.
Most collectors would consider a nice MS64 Saint to be a "decent gold coin". Not everyone is a doctor or makes a doctor's salary.
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
Fred, Las Vegas, NV
<< <i>Silver. You cannot get a decent gold coin for $1000.
Ha ha ha. You are gutting the hobby.
How about a really cool Trade Dollar or hey how about a Double Eagle in AU-50. A grand would get me that and some change left over for the loop and great wine I would get
<< <i>
<< <i>Silver. You cannot get a decent gold coin for $1000.
Most collectors would consider a nice MS64 Saint to be a "decent gold coin". Not everyone is a doctor or makes a doctor's salary. >>
PH,
My prescription for you is to take a chill pill, one pill twice daily, for 10 days. Finish the entire bottle. I was just parodying topstuf's previous thread on whether collecting gold coins is elitist, hence the laughing dude with the funny hat after my comment here.
I personally have decent coins that I enjoy in all price ranges from free to face value on up.
<< <i>If the silver has "CC" on it, then I'll take the silver, otherwise, give me the gold! >>
1969s WCLR-001 counterclash