Author Topic: "Cashing in on investment value of collecting coins"  (Read 2615 times)

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Offline Birdman

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"Cashing in on investment value of collecting coins"
« on: December 27, 2013, 09:04:48 PM »
http://www.ecns.cn/business/2013/12-23/93773.shtml
December 23, 2013.  China Daily.

"The UK's official coin manufacturer The Royal Mint has launched its first ever legal tender lunar coin to woo wealthy Chinese collectors as coin collection becomes increasingly widespread in China..."


Offline exchange

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Re: "Cashing in on investment value of collecting coins"
« Reply #1 on: December 27, 2013, 09:36:26 PM »
http://www.ecns.cn/business/2013/12-23/93773.shtml
December 23, 2013.  China Daily.

"The UK's official coin manufacturer The Royal Mint has launched its first ever legal tender lunar coin to woo wealthy Chinese collectors as coin collection becomes increasingly widespread in China..."



"In silver, there is the 1-ounce silver proof coin, a 5-ounce silver proof coin and a 1-ounce silver bullion coin. Prices range from 82.5 pounds ($134) for the silver 1-ounce proof coin to 1,950 pounds for the 1-ounce gold proof coin."

$3200 for a 2014 1oz gold proof coin while gold is at $1200! I mean really, at that price there is so much to choose from in terms of CMC from the best years.
$134 for a 1oz silver bullion while silver is below $20… with a mintage of 250,000!
But, but, according to the western media, no one wants gold…. and yet they are pricing their 1oz gold coin as if gold was already at $3000 per ounce.

"Bissett says these coins have already become popular with coin collectors internationally. There are about 250,000 pieces of the 1-ounce silver bullion coins, and more than 50 percent of them have been sold already, he says."

And yet, the authentic silver Chinese lunars from the 1980's and 1990's are not that much more with mintages of 1% to 3% of the 2014 British horse…. incredible!

exchange
« Last Edit: December 27, 2013, 09:57:04 PM by exchange »

Offline Birdman

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Re: "Cashing in on investment value of collecting coins"
« Reply #2 on: December 27, 2013, 10:06:18 PM »
"In silver, there is the 1-ounce silver proof coin, a 5-ounce silver proof coin and a 1-ounce silver bullion coin. Prices range from 82.5 pounds ($134) for the silver 1-ounce proof coin to 1,950 pounds for the 1-ounce gold proof coin."

$3200 for a 2014 1oz gold proof coin while gold is at $1200! I mean really, at that price there is so much to choose from in terms of CMC from the best years.
$134 for a 1oz silver bullion while silver is below $20… with a mintage of 250,000!
But, but, according to the western media, no one wants gold…. and yet they are pricing their 1oz gold coin as if gold was already at $3000 per ounce.

"Bissett says these coins have already become popular with coin collectors internationally. There are about 250,000 pieces of the 1-ounce silver bullion coins, and more than 50 percent of them have been sold already, he says."

And yet, the authentic silver Chinese lunars from the 1980's and 1990's are not that much more with mintages of 1% to 3% of of the 2014 British horse…. incredible!

exchange

Exchange,

 :001_smile:  I will not be purchasing one of these.  Although a mintage of 888 for the gold 1 oz isn't huge, you can bet that if someone pays $3200 for it when gold is around $1200, that they will keep it in a safe place, and the majority of the population will survive.  I agree that there are more interesting older gems in the market right now that would a better investment...I thought the article was interesting enough to share, though  ;)

Birdman

http://www.royalmint.com/shop/Lunar_Year_of_the_Horse_2014_UK_One_Ounce_Gold_Proof_Coin

Offline Birdman

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Re: "Cashing in on investment value of collecting coins"
« Reply #3 on: December 27, 2013, 10:16:40 PM »
"In silver, there is the 1-ounce silver proof coin, a 5-ounce silver proof coin and a 1-ounce silver bullion coin. Prices range from 82.5 pounds ($134) for the silver 1-ounce proof coin to 1,950 pounds for the 1-ounce gold proof coin."

$3200 for a 2014 1oz gold proof coin while gold is at $1200! I mean really, at that price there is so much to choose from in terms of CMC from the best years.
$134 for a 1oz silver bullion while silver is below $20… with a mintage of 250,000!
But, but, according to the western media, no one wants gold…. and yet they are pricing their 1oz gold coin as if gold was already at $3000 per ounce.

"Bissett says these coins have already become popular with coin collectors internationally. There are about 250,000 pieces of the 1-ounce silver bullion coins, and more than 50 percent of them have been sold already, he says."



I think there will only be 8,888 of the silver proof 1 ounce.

"With only  8,888 coins, each containing one full ounce of our finest 999 silver available, the Lunar Year of the Horse 2014 UK One Ounce Silver Proof coin will be highly sought after."  http://www.royalmint.com/shop/Lunar_Year_of_the_Horse_2014_UK_One_Ounce_Silver_Proof_Coin

Perhaps the 250,000 refers to the non-proof silver 1 ounce, which is likely a lower price...

Offline pandamonium

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Re: "Cashing in on investment value of collecting coins"
« Reply #4 on: December 28, 2013, 09:20:50 AM »
  Chinese coin collecting is the best as the other mints, Australia-Canada-Britain, have become copycats.  The sheeple in my area are catching on to MCC collecting as a high priority........Pretty obvious to most that MCC collecting will becoming a monster market.....but so will bullion.....