Never jumped into PM but.....are the 1 Kilo coins too pricey?

kryptonitecomics · February 16, 2010 4:47AM

If I bought today I could get a 1 Kilo for around $640 which I know is well above spot...say around $20 an ounce vis spot of $16.13 but I noticed all coin silver and even the silver bars right now have some premiums above spot. Would it be a mistake to buy a 2010 1 Kilo Koala for $640....part of me just wants one becuase I saw one at a show over the weekend and though it was pretty cool....but I can afford to hold it if folks think silver prices will rise

All tips, opinions etc are welcome

mkman123 · February 16, 2010 4:51AM

Sometimes buy what you like, not what it might cost. In the long run the small premium might not mean a thing when silver goes up and you get a nice profit. Buy what you like

The kilo koala is beautiful

illini420 · February 16, 2010 4:54AM

not sure what the premiums are on the koala coin, but if I could find a 1 kilo 2009 Libertad for around that price I'd buy it immediately. Premiums on the big silver coins get sort of crazy, but they are cool!!

kryptonitecomics · February 16, 2010 5:03AM

The cheapest I found online was $590+22 bucks shipping if you use a bank wire transfer with Gainesville coins so I am not far off that price with my bing, ebay bucks, fress shipping etc.....besides...I did want one regardless of the potential investment factor

So I made the plunge and bought one.....I think I am going to like it and may consider others down the road when I have some more disposable income......I can afford the $640 now and not have to worry about selling unless I want too.

gsa1fan · February 16, 2010 6:19AM

From my experience buying toned GSA's. I'd say down side of a kilo of silver less risky!

kryptonitecomics · February 16, 2010 6:33AM

As a fellow toned coin collector I agree....when the bottom dropped out of the toned coin market several years ago....a lot of the coins I purchased for stiff premiums from toned coin specialist sold for a fraction of what I paid....but I loved the coins and I did not buy them for investment purposes....much the same as this kilo coin. If I make a buck down the road well that's great but I have never been a good speculator so I have to buy what I like.

Speaking of which.....now that I bought silver I would recomend every unloading theirs....I have caused companies to go out of business buying their stock so I am afraid I might have the same affect on precious metals....better get out while you can

1jester · February 16, 2010 7:25AM

It might be hard to find buyers of kilo silver coins when the spot price jumps to $100/oz or $1000/oz. But I don't necessarily recommend against buying kilo coins and bars; heck, I'm pretty guilty of it myself.

illini420 · February 16, 2010 7:45AM

<< <i>It might be hard to find buyers of kilo silver coins when the spot price jumps to $100/oz or $1000/oz. But I don't necessarily recommend against buying kilo coins and bars; heck, I'm pretty guilty of it myself.

>>

haha, if spot prices go up to $1000/oz and no one can afford to buy it, i'll carve up that kilo coin like a cheap pizza and sell it off by the slice!!!!

DrBuster · February 16, 2010 9:35AM

I got a 10oz Koala for xmas because I wanted one. The premiums are all over. If you can afford the time to shop and get a confirmed good deal jump on it. I think in mine I'm sitting about $3/oz over spot. Not bad, but not cheap...and the retailers are tight for the most part.

I'd love to add a kilo btw, maybe this year if we hit 13-14 I'll hit it.

kryptonitecomics · February 17, 2010 3:36AM

I am sure I am not alone in saying this but I remember buying 1 oz bars for $4 bucks all day long and I even remember buying a 10 oz bar and selling it for $70 dollars......none of my silver reserves made it past that $7 an ounch mark

I saw another kilo coin with a tiger on it that was a bit cheaper then the Koala but I know of the Koala's and other bullion coins and I am not familiar with the one with the tiger so I just paid the extra $20

gsa1fan · February 17, 2010 3:44AM

I like the Tiger! I want a 2oz gold Tiger.

kryptonitecomics · February 18, 2010 12:14PM

Dang that got here quick.....I like it.....make a great door stop

gsa1fan · February 18, 2010 12:27PM

Nice Koala bear but that life size Q. E. II = spooky

BigE · February 18, 2010 1:07PM

Impressive, has to take some time to make one, imagine one tiny piece of lint and into the smelter it must go again! ---------BigE

DrBuster · February 18, 2010 11:33PM

Nice Koala. Now I want one to go with my 2009 10oz. What's the size on it seem like in person?

Never jumped into PM but.....are the 1 Kilo coins too pricey?

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