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Royal Mint Coins
Posted on 1/26/25 at 11:51 am
Posted on 1/26/25 at 11:51 am
For Christmas, I was given a couple of the less expensive Paul McCartney commemorative coins.
LINK
In looking at the site, it appears they have some higher value ones too - several of which are sold out.
Does anyone have any sense if these ever work out to increase in value over time or is it always kind of dumb? TIA.
LINK
In looking at the site, it appears they have some higher value ones too - several of which are sold out.
Does anyone have any sense if these ever work out to increase in value over time or is it always kind of dumb? TIA.
3
Posted on 1/26/25 at 9:44 pm to Big Scrub TX
My understanding from an uncle who is into numismatic collecting is that he avoids them at a premium on direct mint sites or infomercials.
He'll pick them up on selling sites for cheap if he likes them or if he buys a collection from someone that has them. It's a hobby/prepper investment for him though. He likes older coins, so newer ones aren't really his thing, unless he got a good deal on them. For some the newer stuff is though.
This is him though, and each person has their own collecting styles. I went to a coin show with him once, and it was pretty overwhelming for me.
He'll pick them up on selling sites for cheap if he likes them or if he buys a collection from someone that has them. It's a hobby/prepper investment for him though. He likes older coins, so newer ones aren't really his thing, unless he got a good deal on them. For some the newer stuff is though.
This is him though, and each person has their own collecting styles. I went to a coin show with him once, and it was pretty overwhelming for me.
Posted on 1/26/25 at 10:49 pm to Big Scrub TX
quote:This.
He'll pick them up on selling sites for cheap if he likes them or if he buys a collection from someone that has them.
Never buy newly-minted coins from a public mint. Waiting a bit will eventually allow the free market to work to your advantage.
I’ve bought exactly one coin in the 40+ years that I’ve collected them from a Mint, it was from the British Mint, a gold UK sovereign with a significant date that I couldn’t find for sale anywhere else in the short time range when I needed it for a gift.
Within a couple of months afterwards I saw the same coin available elsewhere for about 15% less cost.
The Royal Mint’s packaging was nice and leaving it in their packaging certifies the coin’s authenticity. So that’s worth something.
But as a general rule one will pay a premium for coins purchased directly from a Mint. Even low-mintage issues will eventually end up on the open market and almost always at a lower cost.
Unless you’re impatient, like I was.
Posted on 1/27/25 at 8:46 am to soccerfüt
Been waiting almost 13 years and silver prices are 60% of value from the last ATH. Burying your "fiat" cash in a can was a better "investment".
Posted on 1/27/25 at 10:50 am to PUB
quote:I conceptually agree as to a person having precious metals as an investment. They are lousy investments the vast majority of the time. I am a collector (numismatist) and have fortunately/unfortunately blundered into having a decent amount of junk silver (run-of-the mill US silver coins from pre-‘65) that my basis on is so cheap to make them somewhat of a palatable investment. But your point is valid, had I instead invested the same amount in a DJ index fund at the same time as I acquired the junk silver, I’d be much better off.
Been waiting almost 13 years and silver prices are 60% of value from the last ATH. Burying your "fiat" cash in a can was a better "investment".
There is a prepper aspect to holding precious metal, I’m personally not much on that tbh.
tl/dr: The RIGHT Collector Coins as investments are OK
Precious Metals as Investments are not
Posted on 1/27/25 at 11:20 am to soccerfüt
quote:So you think the one they only made 82 of total will go down in price ultimately? It seems like this flies in the face of all scarcity and art economics.
Within a couple of months afterwards I saw the same coin available elsewhere for about 15% less cost.
Posted on 1/27/25 at 11:44 am to Big Scrub TX
This post was edited on 2/22/25 at 1:37 pm
Posted on 1/27/25 at 11:57 am to lsuconnman
quote:Ah. Is that really how it works?
You’re looking at it the wrong way. 82 of that particular coin. If it’s popular they’ll make a nominal adjustment and create 82 of another and repeat the process until it’s no longer profitable. Then it’s a matter of gambling g that your limited version is somehow more desirable than the others.
Posted on 1/27/25 at 12:31 pm to Big Scrub TX
I have some Krugerrands. 
Quite a few other coins as well but none have value like the Krugerrand.
Quite a few other coins as well but none have value like the Krugerrand.
Posted on 1/28/25 at 7:49 pm to soccerfüt
Good observations
Posted on 1/28/25 at 11:56 pm to VABuckeye
Do you still wear them on a necklace?
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