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STONE

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    United States

Reputation Activity

  1. Like
    STONE got a reaction from richatthecroft in New Silver 10oz Chiwoo Cheonwang BU 2018   
    These crazy premiums over spot have really been wearing on me lately. I am changing up the way I look at over priced coins. The first thing I ask myself is how much would Apmex pay me for this coin if I turned around and sold it back to them right after I bought it? And the answer is somewhere around $150.00. That's a $250 loss. All profit is made at the point of sale. To be honest, limited mintages mean nothing if only a handful of people want the coin. For $400 I can get 23 American silver eagles and sell them for .50-$3.00 over spot depending on the buy sell spread at the time of sale. It is a beautiful coin but I am learning to leave my emotions out of it. To be honest the market is way over saturated with coins. Right now the only people making money is the online dealers that are selling these coins. I think some folks are inadvertently giving out bad advice by saying "buy it because you like it". That's an emotional purchase. In all reality a person would most likely have to wait until silver hits $40 an ounce just to break even on this coin. I am in it for the long run but purchases still need to be made with point of sale at the fore front.
     
  2. Like
    STONE got a reaction from richatthecroft in New Silver 10oz Chiwoo Cheonwang BU 2018   
    These crazy premiums over spot have really been wearing on me lately. I am changing up the way I look at over priced coins. The first thing I ask myself is how much would Apmex pay me for this coin if I turned around and sold it back to them right after I bought it? And the answer is somewhere around $150.00. That's a $250 loss. All profit is made at the point of sale. To be honest, limited mintages mean nothing if only a handful of people want the coin. For $400 I can get 23 American silver eagles and sell them for .50-$3.00 over spot depending on the buy sell spread at the time of sale. It is a beautiful coin but I am learning to leave my emotions out of it. To be honest the market is way over saturated with coins. Right now the only people making money is the online dealers that are selling these coins. I think some folks are inadvertently giving out bad advice by saying "buy it because you like it". That's an emotional purchase. In all reality a person would most likely have to wait until silver hits $40 an ounce just to break even on this coin. I am in it for the long run but purchases still need to be made with point of sale at the fore front.
     
  3. Like
    STONE got a reaction from richatthecroft in New Silver 10oz Chiwoo Cheonwang BU 2018   
    These crazy premiums over spot have really been wearing on me lately. I am changing up the way I look at over priced coins. The first thing I ask myself is how much would Apmex pay me for this coin if I turned around and sold it back to them right after I bought it? And the answer is somewhere around $150.00. That's a $250 loss. All profit is made at the point of sale. To be honest, limited mintages mean nothing if only a handful of people want the coin. For $400 I can get 23 American silver eagles and sell them for .50-$3.00 over spot depending on the buy sell spread at the time of sale. It is a beautiful coin but I am learning to leave my emotions out of it. To be honest the market is way over saturated with coins. Right now the only people making money is the online dealers that are selling these coins. I think some folks are inadvertently giving out bad advice by saying "buy it because you like it". That's an emotional purchase. In all reality a person would most likely have to wait until silver hits $40 an ounce just to break even on this coin. I am in it for the long run but purchases still need to be made with point of sale at the fore front.
     
  4. Like
    STONE got a reaction from richatthecroft in New Silver 10oz Chiwoo Cheonwang BU 2018   
    These crazy premiums over spot have really been wearing on me lately. I am changing up the way I look at over priced coins. The first thing I ask myself is how much would Apmex pay me for this coin if I turned around and sold it back to them right after I bought it? And the answer is somewhere around $150.00. That's a $250 loss. All profit is made at the point of sale. To be honest, limited mintages mean nothing if only a handful of people want the coin. For $400 I can get 23 American silver eagles and sell them for .50-$3.00 over spot depending on the buy sell spread at the time of sale. It is a beautiful coin but I am learning to leave my emotions out of it. To be honest the market is way over saturated with coins. Right now the only people making money is the online dealers that are selling these coins. I think some folks are inadvertently giving out bad advice by saying "buy it because you like it". That's an emotional purchase. In all reality a person would most likely have to wait until silver hits $40 an ounce just to break even on this coin. I am in it for the long run but purchases still need to be made with point of sale at the fore front.
     
  5. Like
    STONE got a reaction from richatthecroft in New Silver 10oz Chiwoo Cheonwang BU 2018   
    These crazy premiums over spot have really been wearing on me lately. I am changing up the way I look at over priced coins. The first thing I ask myself is how much would Apmex pay me for this coin if I turned around and sold it back to them right after I bought it? And the answer is somewhere around $150.00. That's a $250 loss. All profit is made at the point of sale. To be honest, limited mintages mean nothing if only a handful of people want the coin. For $400 I can get 23 American silver eagles and sell them for .50-$3.00 over spot depending on the buy sell spread at the time of sale. It is a beautiful coin but I am learning to leave my emotions out of it. To be honest the market is way over saturated with coins. Right now the only people making money is the online dealers that are selling these coins. I think some folks are inadvertently giving out bad advice by saying "buy it because you like it". That's an emotional purchase. In all reality a person would most likely have to wait until silver hits $40 an ounce just to break even on this coin. I am in it for the long run but purchases still need to be made with point of sale at the fore front.
     
  6. Haha
    STONE got a reaction from danmc82 in How many Pandas/Kookaburras fit an air-tite tube?   
    You asked a question in the title but answered it in the post.
  7. Thanks
    STONE got a reaction from Toddie in How do i open this   
    Hammer!  Or a thin sharp knife. Stick the blade in the crack where it comes together and twist the knife.
     
  8. Like
    STONE got a reaction from 5huggy in 10oz Queens Beast coin capsules   
    Go with the Airtites Scotty mentioned. Good company and real fast turnaround and shipping times.
  9. Like
    STONE got a reaction from Abyss in Bars Photo Thread...   
  10. Thanks
    STONE got a reaction from Abyss in Where to buy....American Liberty 225th Anniversary Gold Coin   
    Partly because its a high relief proof coin. And 100K is a low mintage for the USM...
     
    https://sdbullion.com/2017-us-mint-high-relief-american-liberty-gold-coin
    $1699.00 or 1484.07 euros.  I buy from SD bullion all the time. Great company. Not sure if they ship over the pond though...
  11. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
    Couple of rare beauties.
     
     
     
     
     

  12. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  13. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
    Couple of rare beauties.
     
     
     
     
     

  14. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  15. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  16. Thanks
    STONE got a reaction from NewMSmatist15 in Any Love for the Great White North coins this year?   
    After RCMs initial response of "its bullion silver and we dont care if its spotting"  I will buy elsewhere. I know they have now taken steps to reduce milk spotting but im not willing to take a chance. Im fine with their bars though...
  17. Like
    STONE got a reaction from jonrms in Three Fakes - from London Coin Show   
    "I will be taking my magnet with me next time."  Excellent idea! But I would suggest getting a larger more powerful one. (N52) Here is the one I use.
     


    https://www.kjmagnetics.com/proddetail.asp?prod=DX48-N52&cat=168
  18. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  19. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
    Couple of rare beauties.
     
     
     
     
     

  20. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  21. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  22. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
    Couple of rare beauties.
     
     
     
     
     

  23. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
  24. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...   
    Couple of rare beauties.
     
     
     
     
     

  25. Like
    STONE got a reaction from CadmiumGreen in Bars Photo Thread...