Is 15k worth it?

[D1MES_101]

I started to develop an interest in the commemorative halves (early ones)

i calculated that in order to collect all 50 halves i would have to shell out around 15k

Most of the conditions are ms 60 - however there are like 5-9 that are ms 63 or higher

Should i take a deal with my parents of buying 1 silver half a month or drop the idea of buying the halves and just look into silver bullion or some old junk.

 

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[D1MES_101]

This dosent include the gold commemoratives

 

[Red James Cash]

My suggestion,the way things are going right now collector value might mean squat later on.Go for the bullion,youll be able to buy more than if you were paying for collectors coins.Take some of the money you save,doing so,and arm yourself if youre not already armed.

 

[Crispin]

I started to develop an interest in the commemorative halves (early ones)

i calculated that in order to collect all 50 halves i would have to shell out around 15k

Most of the conditions are ms 60 - however there are like 5-9 that are ms 63 or higher

Should i take a deal with my parents of buying 1 silver half a month or drop the idea of buying the halves and just look into silver bullion or some old junk.

Don't do anything as an investment with collectibles. If you are looking for long term value see a financial specialist. If you are looking for a hobby and enjoy collecting then collect what makes you happy, then you always get your money's worth.

 

[DeepseekerADS]

My suggestion,the way things are going right now collector value might mean squat later on.Go for the bullion,youll be able to buy more than if you were paying for collectors coins.Take some of the money you save,doing so,and arm yourself if youre not already armed.

I absolutely agree with Red, and Crispin.

Two factors here:

1) Given a potential collapse of economy, the coins would be worth bullion value only.

2) My experience in dealing with coin dealers pricing and grading collectible coins I'd purchased over 30 years prior. Dealers are out to make money, thus they grade them higher when selling them, and lower when purchasing them. Grading is often very subjective.

Let the buyer beware! Note that the grading factor could be negated when buying professionally graded coins only. But then the economy factor would negate everything.

 

[bill from lachine]

Dimes,

Yep.....the fairly modern coins ms60/63 range are fairly common....go for bullion/scrap silver if anything at all....

Given the state of the economy in most developed countries.....try to build up a cash cushion of 3 to 6 months expenses first.....and a stock pile of non perishable food first and foremost.....if you have any debts try to liquidate those or at least reduce them also....

Stockpiling precious metals is ok if you're looking very long term....but short term you can get your butt kicked big time....just MHO.

Regards + HH

Bill

 

[jerseyben]

Dimes,

Yep.....the fairly modern coins ms60/63 range are fairly common....go for bullion/scrap silver if anything at all....

Given the state of the economy in most developed countries.....try to build up a cash cushion of 3 to 6 months expenses first.....and a stock pile of non perishable food first and foremost.....if you have any debts try to liquidate those or at least reduce them also....

Stockpiling precious metals is ok if you're looking very long term....but short term you can get your butt kicked big time....just MHO.

Regards + HH

Bill

$15k... Yikes.

Ok, the fact that you are posting this here is quite concerning.

It sounds like you are either planning on obtaining a loan to buy these or you are purchasing them on some sort of credit deal?

If this is the case, I would say absolutely not.

Just because you have "started to develop an interest" in something is a really bad reason to drop $15k on it.

I would suggest you do a heck of a lot more research before you do anything. Next time, there are much btter places to seek advice than the Everything Else section.

Maybe try buying whatever silver coins you can afford at a fair market price whenever you have some extra money available, to start?

 

[fistfulladirt]

If money is not an issue, go ahead. Even in an economical crash, there will still be those with money, and still a market for collectible coins.

 

[Backbacon]

The market is unstable at the moment so I would (IMOHO) not be thinking about buying any precious metal as of yet. Wait for it....

 

[onfire]

Buying collectables leaves you with a limited amount of buyers when you want to sell. Where as bullion you have hundreds of buyers when your ready, the world is full of speculators.