/biz/ - Business & Finance

>>15570752
> better off with morgans
I think that would depend. There are very few really good morgans, and they all have made their gains. And then there are a whole lot of shit morgans, and they go for very little over melt value.

But consider what happens if you were to buy, for example, a silver monster box...

The coins were sealed at the mint, so you know they're uncirculated. Because they're tubed, there will be little to know value. You probably will have a few 70's, but you're all but guaranteed to have a shitload of 69's.

But even if they are grades lower than 69, they still gain numismatic value over time. For example, a 2004 silver eagle (1 oz for those who don't know), of the quality you can expect ALL of the coins in a monster box to go for now goes for about $30 each, which is approaching nearly twice melt value.

So you've hedged yourself in two ways... you have the silver, which will always have melt value and the numismatic value, which may or may not give you a higher increase. And depending on which way the price of silver goes, you can choose which way you treat your coins.

This actually happened to me. I bought a 4-coin Gold Eagle set for roughly $750 per oz. I bought it to add to my coin collection.

But then, when gold shot up in value, I said the hell with it... the value of the coins was never going to match the price of the gold itself. So I sold the set at roughly $1550 per oz.

And, because they were eagles and not some generic round sold by who knows who, I was able to sell them to a stranger at a neutral locations after about 5 seconds of him looking at them.

>>15564009
I won't say you're wrong. And if you buy a steady amount over time, you have the advantage of dollar cost averaging, which will probably work out in the long run too.

I've been a way from silver for a while (all I have now are some collector coins), but I'm back to paying attention to it now.

If silver drops below 10 (which I think it will), I'll buy a 500oz monster box. If we were ever to see it drop below $4 (not likely but we can't rule it out), I'd buy 5000 oz and never worry for a moment about holding it for 30 years

>>15548317
Or you could buy a silver monster box with 500 one ounce coins in it.

>>15547058
I'm not your anon, but...

... a monster box is a box containing 500 one ounce coins. It comes sealed by the mint.

>>15541125
I don't know enough about Canadian coin prices to have an intelligent opinion. But I imagine the same principle holds.

Generic stuff like rounds, bars, and even scrap will be cheaper (closer to spot), but no one is ever going to pay a premium on a 20 year old generic round.

That's why I like the idea of the monster box. Sealed at the mint, never handled by human hands, far more likely to appreciate in value and to be quality coins.

(Sadly) I can't afford a gold monster box, but a silver box is doable for many people.