Starting out.

[Iamdeadboy]

Hello there,

 

I've always been interested in coins and collecting in general and have now decided to really begin stacking. I see this more as a store of value and long term investment.

Starting out I would probably be buying more Silver than Gold but plan to do both and bullion over proofs.

I am Canadian and have a slight bias towards Gold Maple Leafs but in my brief research I have read that the Canadian mint has a bad reputation for milk spots and just releasing too much.

For bullion milk spots would not affect any price correct? It is simply the gold or silver content in them correct?

 

I've read the same criticism of the royal mint...how do the two compare? I love the look of the queen's beasts that series is what would have numismatic value as well right? I've read it is in bullion as well but on the website all i see is proof versions and they are all sold out anyway. 

 

 

[PansPurse]

For bullion the Royal Mint has a separate website royalmintbullion.com (I think)

[Bullionaire]

Welcome. Im fairly certain gold doesn't get milk spots (nor does it tarnish easily), think that's just a silver issue.

 

And as pan says, look on the RM bullion site for the gold you want 

[dicker]

Hi Bullionaire

Gold below .9999 can get red spots. I think this is where there is oxidiastion of the non gold elements in the coin. 

I have seen a Coronet US20 with a red spot!

[dicker]

Wow have never seen .9999 with red spots!

[Bullionaire]

24 minutes ago, dicker said:

Hi Bullionaire

Gold below .9999 can get red spots. I think this is where there is oxidiastion of the non gold elements in the coin. 

I have seen a Coronet US20 with a red spot!

Yes I have seen that. Seems like you have a lot lower chance of your gold going funky than your silver though. 

[SILVERFINGER]

My daughter bought some 2016 silver 1oz maples in that year and touch wood none of them have anything on them yet, I read somewhere they have sorted this problem now, try buying the latest examples to hopefully avoid this potential problem.

[Tritoon01]

RCM has stated that, all silver coins, starting from 2018 on....have had an extra 'treatment' which should stop/slow....milk spots.

Not sure if it works in the longer run....but no milk spots on my silver maples incuse or 30th anniversary coins....

 

https://www.mint.ca/store/campaign/Mintshield-7700022?lang=en_CA

 

grtz

T

 

[SILVERFINGER]

3 minutes ago, Tritoon01 said:

RCM has stated that, all silver coins, starting from 2018 on....have had an extra 'treatment' which should stop/slow....milk spots.

Not sure if it works in the longer run....but no milk spots on my silver maples incuse or 30th anniversary coins....

 

https://www.mint.ca/store/campaign/Mintshield-7700022?lang=en_CA

 

grtz

T

 

Thats what I had read, thanks @Tritoon01 , I wonder if the climate we live in or store them has a effect on milk spotting, we should do our own census, on where in the country the coins live, and how we store our coins and whether or not they are spotted and to what extent.

[dicker]

Very very interesting - I have not seen on .9999 before. Has anyone else?

[richatthecroft]

16 minutes ago, dicker said:

Very very interesting - I have not seen on .9999 before. Has anyone else?

Unfortunately this phenomenon does happen on fine gold but not as prevalent as 22k. Here’s an article that discusses red spot:

https://taxfreegold.co.uk/redspotsongoldcoins.html

[Gordon]

Ive had a couple of .999 gold coins get red spot A 2017 gold libertad and A south African nature series Cheetah coin. So it happens to 24ct gold as well

[SILVERFINGER]

Of the 999.9, that red patch is the 000.1 

We can laugh but its probably true.

[dicker]

Always good to get peoples experience!

[SILVERFINGER]

One or two of my roses get blackspot, but it usually clears up itself.

[StackemHigh]

I understand that gold doesn't mix well. The spots are caused by impurities leaving the gold.

[KDave]

I have had copper spots on gold before, specifically the queens beast quarter ounce lion I bought in 2016. I sold it and have not seen it since, seems quite rare and unlucky to happen. 

[Iamdeadboy]

So I talked to someone today who pretty much trashed gold saying he might not even buy gold at 900 an oz (Canadian) and told me to only buy Silver Maples.

Some of the stuff he said were real downers... Said stuff like 95% of the worlds Silver is lost forever and they are only on "Kindergarten" level with the uses for Silver

[dicker]

44 minutes ago, Iamdeadboy said:

So I talked to someone today who pretty much trashed gold saying he might not even buy gold at 900 an oz (Canadian) and told me to only buy Silver Maples.

Some of the stuff he said were real downers... Said stuff like 95% of the worlds Silver is lost forever and they are only on "Kindergarten" level with the uses for Silver

You will find that plenty of people have opinions on metals....economists, bankers,  enthusiasts etc, many who are proven wrong in their predictions one way or another. 

Keep your own views and read widely to get a balance. 

Best

dicker

[Gorseinonboy]

2 hours ago, Iamdeadboy said:

So I talked to someone today who pretty much trashed gold saying he might not even buy gold at 900 an oz (Canadian) and told me to only buy Silver Maples.

Some of the stuff he said were real downers... Said stuff like 95% of the worlds Silver is lost forever and they are only on "Kindergarten" level with the uses for Silver

Extraordinary! Some views, or the people who express them, are decidedly extreme! 

Here we are....a nice bunch of people enjoying our pursuit of buying nice coins....gold or silver or copper or whatever and  sure enough someone comes along who wants to spoil the party.....

.......my advice.....ignore what is so obviously a biased and compromised view.....

[Iamdeadboy]

For the Queen's beasts when is the best time to buy? It seems everything is sold out and the proof versions just vanish so quickly.

Does anyone know if the royal mint has a payment plan like I have seen others have?

[SILVERFINGER]

4 hours ago, dicker said:

You will find that plenty of people have opinions on metals....economists, bankers,  enthusiasts etc, many who are proven wrong in their predictions one way or another. 

Keep your own views and read widely to get a balance. 

Best

dicker

Yeah just look at some of the 'experts' who comment on BYB's videos from time to time, I wonder which UFO they have walked out of sometimes.

[dicker]

I will have a look - I am sure it is worth a laugh!

[SILVERFINGER]

He put a post on here somewhere with the 'best of'  comments that he had got over the years, hopefully he will see this and direct us to the post.