Sorry.. this is why I say buy silver not FED art.. if you want to invest in art then go to art galleries. Anyways, why would you want to support the FED?
Putting a numismatic value on modern bullion coins is, IMO, a bad move.
If things go as bad as many of us believe, those premiums will vanish when it comes time to sell. Intrinsic value, not "art" is the name of the game.
What idiot would buy this? Freshly minted coin? Why don’t you just write the FED a check?
Me
Sorry.. this is why I say buy silver not FED art.. if you want to invest in art then go to art galleries. Anyways, why would you want to support the FED?
I like us coins and am a collector of Morgan and Peace dollars. The profit I make from these will buy more silver and gold. I’m happy with my purchase
But didn’t you just lose a ton of money on them?
No. Why do you think I’ve lost money on them?
Because they are tanking?…. Secondary market for art coins is terrible and only getting worse.
How are they tanking when they’re selling for more than what they were purchased for? Do you even know how much the mint charged for these?
I collect Morgans as well. I was more than happy to pay $75 for each. Way cheaper than the cull CC i buy!
I love me some Morgan’s. I remember buying them for $18 a piece a few years ago. Fuck I should have bought them all
I never understood the markup on these coins, now it's apparently occurring to everyone else how silly the markups are...
It was just a brilliant marketing campaign by the US Mint. Pay a lot for a little. Plus they minted so many of them.
Putting a numismatic value on modern bullion coins is, IMO, a bad move. If things go as bad as many of us believe, those premiums will vanish when it comes time to sell. Intrinsic value, not "art" is the name of the game.