(Topic ID: 286786)

Precious Metals? Gold, Silver, Prospecting and Collecting.

By phil-lee

3 years ago


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  • 624 posts
  • 59 Pinsiders participating
  • Latest reply 1 hour ago by phil-lee
  • Topic is favorited by 18 Pinsiders

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Post #34 Perspective from a rare coin seller. Posted by Coindork (3 years ago)

Post #86 Amazing photos from actual miner and a great story. Posted by Onwallst (3 years ago)

Post #109 Great power point on gold demand. Posted by ManyQuarters (3 years ago)


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#13 3 years ago

I use to be big time into metals, specifically silver bullion. Then I moved onto silver eagles. I love the coins and think they are beautiful. I’ve since gotten my boys into collecting silver eagles, maples and pandas. They like to buy graded coins, even though they come at a premium, I don’t mind it because the slabs keep the coins protected and the labels can be somewhat educational at least in this history of the coin.

One of these days I’ll start buying one monster box of eagles every year, if I would have done this when I thought of it I’d be in a good position right now.

11
#31 3 years ago
Quoted from phil-lee:

It appears Youtube is jamming all comments for recent silver discussion videos. Hmm..

Getting sick of the censorship everywhere. I understand YouTube is a private company, but in a sense it is not. Where would YouTube be with without the public uploading videos?

11 months later
#442 2 years ago
Quoted from phil-lee:

So what is the best gold to buy?

It seems like Gold Britannia is an excellent buy, it’s four 9s and has the “security” features not found in most bullion coins. It’s also a very beautiful coin.

I visit a lot of coin shops in different states (my job is transportation) and all of the have gold eagles, maples, krugerrand, etc. the two coins that seem to always elude me at these shops are American Buffalo and Britannia. That tells me those two are in high demand and would be easier to sell. One commands a higher premium and the other is on the cheaper side.

#447 2 years ago
Quoted from phil-lee:

The Austrian Philharmonic is a 4-9 gold coin with the lowest premium. When you go to sell you will get spot, no premium.

I agree, but that’s because it’s a philharmonic, it’s plain and uninspiring. A Britannia is cheaper, it’s beautiful, has security features and inspiring. A Buffalo is always an easier sell and sells above spot. That’s one reason I have not been able to pick up any Buffalos lately, when they come in they go out almost right away. I can pick up the “cheap” gold at any shop, not the case with a Buffalo. Besides, it’s $20 of over a philharmonic on the internet, local shops always have a better deal.

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1 week later
#457 2 years ago

Anybody interested in trading some metal for a NIB JJP GnRLE? If a deal were made, I’d make a sales ad on pinside so I’m not skirting around the fee. Send a message if interested.

#463 2 years ago

Picked up a Buffalo today and it is not symmetrical, it’s like it was struck off center then the reeds applied. Because of this the edge is thicker in the place that was struck off center, there is also a double edge there. It is real, not a counterfeit, I’ve just never seen a Buffalo like this but it’s the only one I have. Anybody have any experience like this?

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#464 2 years ago

Here is some close up shots of the sharp/double edges

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#466 2 years ago
Quoted from Coindork:

These are struck in a collar.
Effectively you have 3 dies, an obverse, a reverse and the edge or “collar”.
The edge is applied during the striking process, not afterwards.
When the obverse and reverse dies strike the plachet to emboss the design on the coin, the plachet spreads out and fills the collar creating the edge reeding. Think of how you make peanut butter cookies and when you press down on the dough it spreads out. The finished coin is then ejected out of the collar. If you look closely at the edge with magnification you will see directional ejection marks. These are basically slide marks from where the coin was ejected from collar after striking.

That makes sense, I’ve seen videos of the striking process, but how do you explain a coin that is not uniform in thickness?

#468 2 years ago
Quoted from Coindork:

Depends.
There’s a variety of things that can cause something like that.
Could be the obverse or reverse die are slightly misaligned or one is aligned at a very slight angle. Could be the pressure on the actual coining press is set slightly too high causing too much expansion within the collar, I.E. the coin gets stuck in the collar and when it’s ejected cause metal spread on the edge. Could be ejected at an angle cause one side of the edge and rim to expand more. Could be multiple strikings and a thin raised portion of the rim is a residual of the first strike as the planchette would spread out from the first strike and then you strike it again the planchette is larger than the die and an outline of it doesn’t get forced down.

How would something like this get by Q.C.? Have you seen this on a Buffalo coin before?

1 week later
#477 2 years ago

Some of that old paper money is worth way more than the gold. I do understand and agree with the analogy though. Decent video attached, it’s a bit dated but still a great analogy.

#479 2 years ago

Interesting video about uneven gold Buffalo coins, I guess it’s pretty common after all.

1 month later
#493 2 years ago

Gold is currently at an almost all time high, funny thing is people tend to want to buy things when prices go up (FOMO?). I’m curious to see the price when this Ukrainian conflict settles down.

Nickel has shot up drastically, some people are saying the melt value of nickels will be 2-3 times the face value.

#494 2 years ago

I guess a nickel is would be worth almost 4 times is face value, 91 nickels is one pound ($4.55 face) and nickel $18 a pound, that almost a 4x value. With a 25% nickel content I guess a nickel is literally worth .05 cents. Too bad a nickel is not 100% nickel, there would be some easy money!

#499 2 years ago
Quoted from Coindork:

Since we’re talking about gold, thought I would share a picture of three Spanish Colonial gold bars ca.1750s from the wreck of the Nuestra Senora de la Luz that came in recently. All three are from the original 1993 Sotheby’s catalog where they sold the contents of the ship. [quoted image]

That’s super awesome!

3 months later
#524 1 year ago

I believe with the rising fuel costs, miners have incurred additional expense in the cost of mining. That equates to a higher selling point for miners in order to make money. They certainly won’t mine if they can’t make money doing it.

It may be the time of year metals are cheaper, I just don’t see the actual cost of precious metals going down much due to the rising cost to extract them.

3 weeks later

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