This coin is, for most collectors, one of the best ways to get into collecting gold coins. It's relatively cheap. low risk, and doesn't sell for much over the spot price. You can get one of these for around $85 right now, and the gold itself is worth $73. Not too bad of a deal at all. I'd been perusing eBay for small gold coins like this, and the 2 1/2 peso caught my eye first, though I was still open to the 2 peso coin. As fate would have it, this coin was the one that I saw at the flea market. And of course I just happened to have the exact amount of cash needed (after I traded in a few silver coins). So I bought the coin and away I went, now an owner of a gold coin, for the second time. My last gold coin was sold years ago so I'm happy to be back in the club.
Sunday, September 22, 2019
I struck Gold! (1945 dated Mexican 2 Peso)
This coin is, for most collectors, one of the best ways to get into collecting gold coins. It's relatively cheap. low risk, and doesn't sell for much over the spot price. You can get one of these for around $85 right now, and the gold itself is worth $73. Not too bad of a deal at all. I'd been perusing eBay for small gold coins like this, and the 2 1/2 peso caught my eye first, though I was still open to the 2 peso coin. As fate would have it, this coin was the one that I saw at the flea market. And of course I just happened to have the exact amount of cash needed (after I traded in a few silver coins). So I bought the coin and away I went, now an owner of a gold coin, for the second time. My last gold coin was sold years ago so I'm happy to be back in the club.
Wednesday, August 28, 2019
My Silver Investment
Like most coin collectors I view the majority of my collection as an investment. There are some coins that I'll probably end up with for the remainder of my coin collecting years, but there are others that could appreciate and be worth selling at some point. Like most coin collectors I collect silver coins.
Pictured above are some of the silver coins I could sell at any time. At some point most, if not all, of them will likely be worth more for the silver than the numismatic value. And at that point I'll sell them for a nice chunk of change. Silver enjoyed a very high premium in 2011, and prices took a couple years to really settle down. Recently the spot price has been climbing. Well within the yearly averages from past "normal" years. But still, who knows what the future holds. Maybe it keeps climbing and has the highest yearly close since 2012. Or maybe prices fall again and I continue buying.
Anyway, There are some German 10 Mark coins from the 1972 Munich Olympics in there, as well as some walking Liberty Half Dollars and Franklin Half Dollars, a 1966 Mexican Peso (which is only 10% silver despite how big it is), A US Dime, a couple Florins from the UK, Some bullion from China and Austria, A Venezuelan Bolivar, a Netherlands Antilles quarter (which is just tiny), A Swedish Krona, A Czech 5 Korun coin, and a few others that are hard to see. These are all fairly loose. Not pictured is my book of silver US dimes, and a couple of coins in cardboard holders. The rest of my silver besides that would probably stay with me unless silver passes $50 per ounce.