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 Replies: 22 / Views: 2,631 |
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Pillar of the Community
United States
569 Posts |
Does anyone stack modern commemoratives or other U.S. silver NIFC coins as bullion? They seem to have premiums that are 25% or less if they don't have OGP, like loose in a bin in 2x2's or in capsules. The 3 that I got yesterday in 2x2's were only $20 each, and the 40% Ike I got was only $9(I also know it depends on the dealer). I want to get into stacking, but I can't justify the high premiums on some coins like ASE's.  Are modern commemoratives (gold, silver, whatever)the key? Thanks! All thoughts are appreciated!  |
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Bedrock of the Community
Australia
21593 Posts |
I will buy modern silver proof NCLT in the secondary numismarket, when the sale price is close to the melt value
In most of these cases, the fancy packaging has long since been discarded.
That doesn't happen often, but it does make for some very interesting additions to my collection
My experience does not necessarily relate to the American numismatic scene (more to World coins generally), of which American silver proof NCLT coins are a part.
My observation is that of other collectors who buy new issue proof silver NCLT product in nice packaging end up perceiving that they are a poor investment in the medium to long term
Sadly, lots of modern silver proof NCLT coins, when sold back to dealers, attract very little interest from them, unless bought back at near or below silver bullion prices.
This where collectors like Khromtau and myself may sometimes take some advantage.
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Pillar of the Community
United States
1320 Posts |
Quote:
I will buy modern silver proof NCLT in the secondary numismarket, when the sale price is close to the melt value
In most of these cases, the fancy packaging has long since been discarded.
That doesn't happen often, but it does make for some very interesting additions to my collection  and I can rarely find them at close to melt value as well.
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CCF Master Historian of USA Commemoratives
 United States
11025 Posts |
Quote:
Does anyone stack modern commemoratives or other U.S. silver NIFC coins as bullion? I do not, but it's because I'm not much of a stacker in general. Some collectors believe the 0.900 fineness and less-than-one-full-ounce weight of modern US commemorative silver dollars to be a disincentive to stacking them.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
6983 Posts |
I have 3 commemorative coins that I picked up for a little over spot (in the OGP), I consider them part of my stack as I can sell them if needed. I don't collect modern commemorative coins so it's not a big deal to me. There are only a few moderns that have any numismatic value, the 3 I purchased all lost value from the original mint price.
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Bedrock of the Community
United States
94367 Posts |
Doesn't take much of a swing in silver prices to push many commemoratives into the bullion category. No loss.  |
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Pillar of the Community
 United States
569 Posts |
Ok, thanks everyone! I will probably get a few more at the next coin show! |
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Bedrock of the Community
Australia
21593 Posts |
Just make sure that they are being offered at or below ASW bullion price.
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Pillar of the Community
Canada
5016 Posts |
While modern commemoratives and other silver coins can sometimes be bought for spot, dealers will of course buy them back at a greater discount from spot as compared to modern bullion coins. The demand is simply not as great and they often end up being melted. So if you are planning to keep them for a long time, you end up with more silver or a greater variety of interesting silver coins, but if not, you may be a little worse off.
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Pillar of the Community
United States
1500 Posts |
I have purchased several modern commemoratives recently because they have been below spot in OGP. Tremendous buys when compared to ASEs. Others seem to be catching on though as it is not as easy as it was 6 months ago.
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Pillar of the Community
United States
2365 Posts |
Here we go again with "stacking" vs "collecting". I collect various NCLT's from ASE's, Maple Leaves to Australian bullion, Chinese, UK and so forth. They are all BU and in rounds and albums. Now, if I put them all into tubes that would be stacking but, as is I collect the series' by date. Does that make sense? That said, I don't pay much attention to the price or premiums if I need certain dates or current ones. I prefer series' and not just misc. dates. I see more value in completed date sets than just buying a coin to stack. Edited by dsking
04/12/2023 11:49 am
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Valued Member
United States
231 Posts |
Yes. I collect the ones I am most interested in, but I will also pick up ones I am less interested in if the price is right. They are a good option for stacking in my opinion.
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Pillar of the Community
United States
569 Posts |
Thanks everyone! |
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Pillar of the Community
United States
3188 Posts |
Right now Canada 1/2 oz gold $200 commemorative proofs from 1990-2012 are selling for 3% over spot. 1/2 oz Maple Leafs are selling for 20-25% over spot.
Those sovereign issue commem's are as good a bullion price as private bars right now.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/27/2023 12:00 pm
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Pillar of the Community
United States
533 Posts |
So I have resolved the collect versus stack issue, at least for me. I collect stacks of silver coins.
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Pillar of the Community
United States
569 Posts |
I have come to the conclusion that if it is in complete OGP, it is a collection, but if it is loose in capsules or 2x2's it is a stack. But even for that, it is still sometimes blurred for me. I haven't actually bought any for stacking yet.
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Replies: 22 / Views: 2,631 |
Posted 04/11/2023 6:00 pm
