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Great Snags and WTF's???

Discussion in 'Purchasing Precious Metals' started by Irons, Mar 30, 2010.



  1. savvydon

    savvydon Gold Member Gold Chaser

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    Not to throw cold water on the party, but it can be tougher to get the money a coin should fetch than than one would think, sometimes. You have to find someone who collects/values the issue. It can be done, but sometimes it takes time, and a little luck.

    This is why I have gravitated to bullion or bullion valued coins. Not because I like them better, but because resale is easier/more liquid.
     
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  2. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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  3. savvydon

    savvydon Gold Member Gold Chaser

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    Looks like good old fashioned toning to me, but i’m not a third party grader. I do know that the classic commem series is a low pop, undervalued, under appreciated series that frequently presents with beautifully toned examples. Great snag!
     
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  4. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Agree, but for me buying and owning the occasional expensive oddball keeps it fun. Did I need a 50 peso Gold coin?
    Nope, but I wanted one!


    ... :2 thumbs up:
     
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  5. savvydon

    savvydon Gold Member Gold Chaser

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    Pretty reasonably priced for such a low pop.:2 thumbs up:
     
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  6. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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  7. savvydon

    savvydon Gold Member Gold Chaser

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    Wow, that is weird. With the US coin market, which is what i’m Used to dealing with, NGC’s price guide usually overestimates market price, not the other way around.
     
  8. bemac

    bemac Midas Member Midas Member

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    Yeah, it depends on the coin. But that's why I love ebay, they bring out the buyers. Ebay is great for finding that one guy who really wants that one coin. I've flipped a couple of handfuls of scarce coins. If they want it, can't find it anywhere else, they will pay $$$ for it. I'll buy bullion too at the right price.
     
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  9. bemac

    bemac Midas Member Midas Member

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  10. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I can attest to that because I made this a sideline business selling '70's silver art bars and other "collectible silver" on ebay.
     
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  11. JayDubya

    JayDubya Platinum Bling Platinum Bling

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  12. JayDubya

    JayDubya Platinum Bling Platinum Bling

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  13. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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  14. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    On the top shelf.

    These have numerous high quality fakes out there that are even better than the originals. Experts use the defects in minting to certify the provenance on these. I saw one of these real ones up close (not mine) with a 10x loop and and one of the fakes. I picked the real one as the fake.
     
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  15. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    yup, got to find that one guy looking for it.
     
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  16. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    yes, there are seriously good fakes out there. Thankfully mine are entombed by PCGS and/or NGC and Heritage auction house has looked them over as well.
     
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  17. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    The chap who had the disks worked for both of the grading services, and for the FBI and US Postal Police as a professional witness. While I am not a fan of the FBI, the guys that handle numismatic and precious metals fraud in the FBI are good guys. Anyway, I digress, this guy said that these things are a nightmare to authenticate and they have to rely on the flow marks from the dies to get it correct.
     
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  18. bemac

    bemac Midas Member Midas Member

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    Yeah, it can take some time, but when it happens there's good profit.
     
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  19. goldielox1

    goldielox1 Silver Miner Seeker

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    I couldn't bare to sell anything at these prices. I'd just keep them in the lake. These are buying prices.
     
  20. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    At current spot, I buy at between $0.50 to $2 over spot and I sell on ebay for anywhere between $31/oz to $117/oz depending on the coin/bar and that is after I pay ebay/paypal fees and shipping. In other words, I make a profit when I buy at between $16.50/oz and $18/oz from lcs and coin shows and I sell anywhere between $31/oz and $117/oz on ebay.

    I agree with you that current spot prices are buying prices but $31/oz to $117 is selling prices to me and I am happy with that. When I buy at between $16.50/oz - $18/oz and sell at between $31/oz - $117/oz, I make a net profit (after paying ebay/pp fees and shipping) on each coin/bar that I sell.
     
    Last edited: Dec 20, 2017
  21. goldielox1

    goldielox1 Silver Miner Seeker

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    Are you selling for these prices on bars you just recently picked up or are these bars you got years ago? If recently, how are you buying for 15-50% of retail?
     
  22. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Most of those bars that i am selling at those prices that I mentioned are ones that I bought recently. A lot of those 1-oz '70's silver art bars that bought for .999 generic silver premiums I did research on them and found that they sell for much higher than bullion. My 9 years of '70's silver art bar collecting experience has helped me spot opportunities that most people miss because I have seen so many old silver art bars and I can recognize which one can get high premiums.

    Most people (dealers) still see '70's silver art bars as bullion and are priced at .999 generic silver premiums. I am not always right since some of sell for only $27-$28 but I still eek out a profit since being an ebay powerseller can save on fees if I list them correctly.

    EDIT: I also posted on the '70's silver art bars thread in the numismatic sub forum that has different information on what certain bars are.
     
    Last edited: Dec 20, 2017
  23. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Also keep in mind that my ebay silver art bar selling is something that I do part-time since I have a full time job. I am not nearly successful to quit my job yet to do this full time. That is a goal to do this full-time but that is years away ( if ever). I am still growing it into a full fledged business.
     
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  24. savvydon

    savvydon Gold Member Gold Chaser

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    You go, Art! Knowledge is power, and it can be used to turn profit if done right.

    I agree, however that it is tough to pull this kind of thing off dependably enough to rely on to put food on the table. Keep the day job. 2c
     
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  25. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Yep I plan to keep the day job. I would need to sell a high volume of '70's silver art bars and "collectible" silver to make a large enough continuous profit to feed myself and keep a roof under my head. I do not see that happening anytime soon (if ever).
     
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  26. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I sold 4 Gold rings and all my silver scrap for the season to my main LCS last week and he is begging for Gold right now. Coins- bars- scrap Gold anything.
    He has plenty of silver peeps have been bringing in but folks are holding their Gold.


    .
     
  27. savvydon

    savvydon Gold Member Gold Chaser

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    Strong work brother!

    Just goes to show at least some of the people know what’s going on.
     
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  28. goldielox1

    goldielox1 Silver Miner Seeker

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    Sounds like a great thing. I was curious where you find these bars though. I mean are you buying from LCS or ebay or?
     
  29. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Most of the 1-oz '70's silver art bars I find at generic silver premiums are from the coin shops, coin shows and flea markets.
     
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  30. goldielox1

    goldielox1 Silver Miner Seeker

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    Interesting. It seems like all my local LCS are way overpriced. Thanks for the info.
     
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  31. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    You are welcome.
     
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  32. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    When it comes to ebay, I usually get paid a "collector's premium" for selling '70's silver art bars and other collectible silver coins/rounds as an ebay power seller but I splurged and paid a "collector's premium" for a silver coin from ModernCoinMart's (MCM) ebay page. They were the only place to buy these (during pre-sale) at the time that I purchased it on November 17. Here is what it looks like:

    DSCI1401.JPG

    DSCI1402.JPG

    DSCI1403.JPG

    DSCI1406.JPG

    It is a 2018 Fiji Coca-Cola Bottle shaped 6-gram .999 silver coin. At $29.95, I paid a huge "WTF" premium for it but I wanted it because I liked it. I could not help myself. The bottle-cap shape of this coin reeled me in. I think that the maximum mintage for this particular coin is around 4,000 coins but I am not 100% sure. This purchase and the premium that I paid for it is well off the beaten path of what I usually collect but it is an interesting novelty item that I felt the need to splurge on.
     
    Last edited: Dec 23, 2017
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  33. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Smart move when you get tired of it there are numerous Coke Collectors in the US and I bet you'd get your asking price with no squabbles.
    I know a guy whose entire basement is a Coke Museum and he claims it is small compared to others he has seen.

    Most Coke Collectors strive for original pieces not crazy about replicas, and there are tons of replicas around.
     
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  34. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I agree. The Coca-Cola market for .999 silver Coca-Cola bars/coins and non-PM memorabilia is always a strong market in any economy. The most recent Coca-Cola 1-oz .999 silver art bars that I sold for on ebay were a 1977 75th Anniversary Huntsville, AL for $42, a 1975 75th Anniversary Chattanooga, TN for $31 and a 1977 75th Anniversary Columbia, SC for $55. I sold those 3 bars in a 2-week period.
     
  35. bemac

    bemac Midas Member Midas Member

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  36. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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  37. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    109 for a 10th is a good pull bemac! Makes me almost miss my eBay account. I'm jealous and heading to the coin shop in a bit to see if I can find a damn deal on something.
     
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  38. bemac

    bemac Midas Member Midas Member

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  39. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Hell Yeah that is s super snag for getting 1/10-th oz gold for under melt (current spot gold = $1274.50). The fact that you snagged gold for under melt on ebay is simply amazing IMO. Congrats.
     
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  40. goldielox1

    goldielox1 Silver Miner Seeker

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    You deplorables are doing pretty well.
     
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