COIN REVEAL: Coins and Bars of All Sorts
Today's coin reveal post was inspired by a conversation I was having the other day on one of the coin forums I am a member of. The member on the forum was just starting out in the world of gold and silver coin collecting.
This member was not new to precious metals, as they have been collecting gold nuggets over a few years, but now they were interested in branching out into precious metal coins.
The member posed a question to the forum, "Where would I be best to start if I was thinking about getting into coins?"
For someone like me who has been collecting precious metal coins and bars for many years, this was a very intriguing question. Buying and selling coins is somewhat a matter of instinct for me after many years of experience, but this question took me back in time to when I first began my journey.
Where to begin the journey?
I remember when I first began collecting and stacking coins, I muddled my way through for months. I overpaid for many coins and missed out on some amazing deals that I thought were too expensive at the time, but the value of those coins have since doubled and tripled over the years.
I did not really have a clear strategy or plan. Even when I tried to implement a strategy or plan, I was tempted into making emotional purchases.
Of course there is nothing wrong with muddling your way through in the beginning, that is how you learn and grow as a stacker and collector.
What is my strategy now?
My strategy these days is extremely simple and easy to follow. It is a strategy that requires a lot of patience, discipline and courage at the right moments.
- Buy when everyone else is selling, sell when everyone else is buying.
- Buy in volume to get the best prices.
- Know the value of collectible coins and act quickly when they are well priced.
For those that have been following my posts for while will know that I have quite a varied collection of coins and bars. This has occurred organically over time by me following my strategy.
When I buy in volume I tend to pick up all sorts of weird and wonderful items that come as part of someone's collection.
Coins and Bars of All Sorts
When I think through the different types of coins and bars that I have bought over the years, it really astounds me just how many different variations there are out there. I am only referring to precious metal coins and bars, there is a whole different world of coins that I have not delved into myself which is even more complex and diverse.
Below I have shared some photos of some of the different precious metal coin types that are out there. This is only a tiny sample of the different coin examples to give you an idea of how daunting it can be for a new collector or stacker venturing into this niche that we all so love and enjoy! :-)
Coins in Capsules
Coins without Capsules
Coins housed in Cards
Coins housed in Vinyl Cases
Minted Bars
Poured Bars
High Relief Coins
Proof Coins
Antique Finish Coins
Bi-metal Coins
Coins encased in Plastic Wrap
Coins encased in Protective Tubes
Post authored by @strenue
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Nice
Very informative article and photography 👍🏻.
Please tell me whether I should purchase silver in 2021 or I should wait for it's price to come down.
Good question. This depends on your strategy, are you looking to trade in silver or are you looking to hold for the longer term.
If you are regularly buying and selling then the timing is not as important, as long as you are buying items that are at a price that is less than you know you can sell it for irrespective of the spot price then it is always a good time to buy.
The spot price for both silver and gold have been quite unpredictable in recent times, some days up a lot and other days down a lot. If you are a bit hesitant then you could wait to see if an upward or a downward trend forms before you decide to buy.
If however you are like me and you have a very long view in silver, then you buy regardless of what the market is doing, I do however tend to buy less when market is up and focus on searching for more rare harder to find items. Then when the market is down I buy a lot more to lock in the low prices for when the market turns to the upside again.
I am not financial expert or advisor, but that is what has worked me me in the past.
thanks for share your valuable experience.
Great collection there mate, may be biased but I reckon the Australian coins are the standouts
I am biased to... I agree the aussie coins are awesome.
That gold bar is shiny
The yellow metal is my favourite. It is just so unique and the fact that it never tarnishes is just awesome.
I have this
Awesome, that is the 2010 Australian Koala bullion coin. I actually bought a few rolls of those yesterday from a gold and silver broker. They come in plastic sealed rolls of 20 coins.
They are not that easy to come by these days, so you have a very nice coin. 👍
Great news