Yes, there's a huge market for collectible stuff and most of it is limited edition. A lot of it is even numbered. While Trump's rounds might indeed have staying power as far as price goes, and may even see a short-term soar. Most collectible things tend to go down in price when interest wanes.
Some People are Collectors and that's Perfectly fine.
Some People Are Stackers and that's fine too.
Some people do both...
I'm just a stacker and want the lowest price per ounce, I don't have the ability to buy fun stuff. That said 1 oz seems to be the sweet spot for both gold and silver. Less than 1 oz fractional stuff is too expensive and larger than 1 oz saves too small of amount and then you have portability problems.
A Kilo Bar of Gold is currently 84.6K, your going to have trouble selling that. an LCS will buy it if they have the capital, but at way below spot because they will sell it to a wholesaler. A gram of Gold is worth 84.6 Dollars but sells at over 100 bucks for the cheapest, and it will be secondary market. So at an even 100 bucks thats 3110 bucks for an ounce. A secondary 1 oz gold bar on the same site is at 2662.
Sovereign coins sell for a higher premium than bars or rounds, but you can often get more than spot when you sell them. However, you won't recoup the extra premium completely.
A good way to determine that is to compare what the dealer will sell you at of various products and what they will pay you.
A LCS (Not local to me) That sells on Youtube, I bought from 3 times because they often have great prices. They publish a video showing their buy and sell prices. Their last video of 3 days ago. Buying gold bars 98% of Spot, (my LCS are paying 95% of spot). The video guy selling at Spot +25. For Gold Eagles He was buying at Spot, selling at 70 over spot. Since the Premiums for gold eagles is much higher than the 2%, selling him a gold bar is a much better transaction.
That being said, Gold Eagles is the best-selling gold coin in the world and is easy to sell in many countries.
In some countries you will have problems bringing in a substantial amount of bullion or even none, but you can bring in a certain amount of gold coins without a declaration. In the Philippines it is under 10,000 dollars in value.
I've bought 1oz silver rounds as well as 1oz silver Liberty coins.
When I went to add the coins to my personal items policy which is part of my home owners policy, they wouldn't insure the bullion, they (State Farm) would only insure legal U.S. tender. Which is crazy since they will insure random pieces of jewelry.
Insurance is a scam. I can honestly say, I cost car insurance more money than I ever paid them though... Keck. I had Insurance on my house until I paid it off, then did without until I sold it. The house was worth 60K fixed up, and the Insurance wanted 1,500, but also had lots of limits and out-of-pocket costs for major repairs. I was my own handyman so I took the chance... After that I owned Condos and the HOA was responsible for the physical structure, no insurance was required.
You can still insure the Bullion, but I'm not sure of details.
I'm not sure how auto and home insurance is a scam. 1 bad claim and you are fkd without coverage. $1,500 a year to cover a $500k-$900k home doesn't seem bad. Auto insurance is a whole other ballgame and I'm shocked that rates are still as low as they are considering the crazy country we live in.
Why not insure as jewelry? Buy some inexpensive coin cases with loops or holes for chains... We have some actual purchased coin jewelry, coins mounted in semiprecious stones; if we were to swap out the centers, many of our coins would be jewelry.
Also, do you want your stacks listed or there? I have no reason to believe insurance lists are more secure than any of the other hacked places, including banks and government.
They're limited edition
Yes, there's a huge market for collectible stuff and most of it is limited edition. A lot of it is even numbered. While Trump's rounds might indeed have staying power as far as price goes, and may even see a short-term soar. Most collectible things tend to go down in price when interest wanes.
Some People are Collectors and that's Perfectly fine.
Some People Are Stackers and that's fine too.
Some people do both...
I'm just a stacker and want the lowest price per ounce, I don't have the ability to buy fun stuff. That said 1 oz seems to be the sweet spot for both gold and silver. Less than 1 oz fractional stuff is too expensive and larger than 1 oz saves too small of amount and then you have portability problems.
A Kilo Bar of Gold is currently 84.6K, your going to have trouble selling that. an LCS will buy it if they have the capital, but at way below spot because they will sell it to a wholesaler. A gram of Gold is worth 84.6 Dollars but sells at over 100 bucks for the cheapest, and it will be secondary market. So at an even 100 bucks thats 3110 bucks for an ounce. A secondary 1 oz gold bar on the same site is at 2662.
Sovereign coins sell for a higher premium than bars or rounds, but you can often get more than spot when you sell them. However, you won't recoup the extra premium completely.
A good way to determine that is to compare what the dealer will sell you at of various products and what they will pay you.
A LCS (Not local to me) That sells on Youtube, I bought from 3 times because they often have great prices. They publish a video showing their buy and sell prices. Their last video of 3 days ago. Buying gold bars 98% of Spot, (my LCS are paying 95% of spot). The video guy selling at Spot +25. For Gold Eagles He was buying at Spot, selling at 70 over spot. Since the Premiums for gold eagles is much higher than the 2%, selling him a gold bar is a much better transaction. That being said, Gold Eagles is the best-selling gold coin in the world and is easy to sell in many countries.
In some countries you will have problems bringing in a substantial amount of bullion or even none, but you can bring in a certain amount of gold coins without a declaration. In the Philippines it is under 10,000 dollars in value.
Good information, thank you!
I've bought 1oz silver rounds as well as 1oz silver Liberty coins.
When I went to add the coins to my personal items policy which is part of my home owners policy, they wouldn't insure the bullion, they (State Farm) would only insure legal U.S. tender. Which is crazy since they will insure random pieces of jewelry.
Insurance is a scam. I can honestly say, I cost car insurance more money than I ever paid them though... Keck. I had Insurance on my house until I paid it off, then did without until I sold it. The house was worth 60K fixed up, and the Insurance wanted 1,500, but also had lots of limits and out-of-pocket costs for major repairs. I was my own handyman so I took the chance... After that I owned Condos and the HOA was responsible for the physical structure, no insurance was required.
You can still insure the Bullion, but I'm not sure of details.
I'm not sure how auto and home insurance is a scam. 1 bad claim and you are fkd without coverage. $1,500 a year to cover a $500k-$900k home doesn't seem bad. Auto insurance is a whole other ballgame and I'm shocked that rates are still as low as they are considering the crazy country we live in.
Why not insure as jewelry? Buy some inexpensive coin cases with loops or holes for chains... We have some actual purchased coin jewelry, coins mounted in semiprecious stones; if we were to swap out the centers, many of our coins would be jewelry.
Also, do you want your stacks listed or there? I have no reason to believe insurance lists are more secure than any of the other hacked places, including banks and government.
I guess I was thinking near term profits. Remember the golden Trump shoes that resold for $250k on ebay?
Yeah, I'm too thrifty to buy bling, but that doesn't mean buying it is wrong.