APMEX Discontinuing Most Numismatic Items
 

We just want to let everyone know that APMEX will no longer be selling certain types of coins, currency, collectibles and supplies! This decision has been made to accommodate the growing requests from our customers for more precious metal and bullion related items. Going forward, we will still be buying and selling all Gold, Silver, Platinum & Palladium Bullion as well as semi-bullion items like Silver Dollars, Pre-1933 Gold, 40% and 90% Silver, and a few other selected items that our customers want. EVERY other numismatic item will be reduced for immediate liquidation. Check out our site for more details.

Re: APMEX Discontinuing Most Numismatic Items
 

When reality finally strikes I'm betting on bullion outperforming numies. People will want solid wealth not blue sky premiums.

Re: APMEX Discontinuing Most Numismatic Items
 

I'm thinking this Gold rally will rhyme with the seventies rally and continue on as a numismatic rally that will peak around 2020. JMHO

Notice on the chart the rare coin market peaked in 1989, the bullion market peaked in 1980.

Re: APMEX Discontinuing Most Numismatic Items
 

Can you be more specfic on what exactly you wont be carrying anymore. For instant are you talking like 09 mint coin or a certain type of coin?

Re: APMEX Discontinuing Most Numismatic Items
 

I just did a little search of the Apmex website. The closeout stuff has a pulsing star on the listing.

Re: APMEX Discontinuing Most Numismatic Items
 

thanks for the heads up.

Re: APMEX Discontinuing Most Numismatic Items
 

You can find complete details about why we decided to make this change on the site as well.

Re: APMEX Discontinuing Most Numismatic Items
 

I don't think this one rhymes. People are more aware, and this is a much more serious monetary explosion. The numie holders take a bite this time IMO. Bullion is where it's at, and even at that the money won't be there to exchange it for what it "could" be worth. Goods will have to be exchanged in some cases to trade value for value.

There just won't be enough of a market to sustain the numie trade IMO. It will be a buyers' market. Just an opine of course, but I wouldn't trust it to sell for what the holders think it's worth. Too much blue sky spread has already been programmed in during good times.

EDIT: I think what your chart shows is they recover AFTER the recovery.

Re: APMEX Discontinuing Most Numismatic Items
 

Will APMEX still sell copper pennies?

It's good to know there is a market for them, even if I'm not selling any at this time.

Re: APMEX Discontinuing Most Numismatic Items
 

You have to remember what really fueled the late 80s numi spike was Wall Street coin funds. Big time moneyed neophytes were buying stuff sight-unseen, like any other commodity. Those 'funds' may never be seen again.

Re: APMEX Discontinuing Most Numismatic Items
 

Thanks, I just snagged a Tx Centenial Half I've had my eye on. Will Apmex keep buying semi numis gold like first spouse coins and UHRE? I pick them up when I have the chance and hope to sell them on the next up swing. Also, this seems sad for some reason, but I can't put my finger on it.

Thanks,
-1981

Edit: You said this move was being made to accomodate requests for more pm/bullion related items, will we be seeing some new types of items that you haven't carried in the past?

Re: APMEX Discontinuing Most Numismatic Items
 

All the high brow numismatists who sneer at the bullion collectors thinking how much bullion they could've had yet? Nah, too soon.

Re: APMEX Discontinuing Most Numismatic Items
 

It is very smart strategery indeed to parlay numi profits into increased bullion holdings. There are really no numi snobs on this board as far as I can tell, ) but I can point you to place where they're in abundance.:bear_w00t:

Re: APMEX Discontinuing Most Numismatic Items
 

It would be nice to have more details on WHAT you wont be carrying. Its left very very vague!

Re: APMEX Discontinuing Most Numismatic Items
 

They have been out of them for 3 weeks now. but it looks like they finally have some back up. There is a market for copper pennies. Just check out www.portlandmint.com

Re: APMEX Discontinuing Most Numismatic Items
 

Browsing the site it becomes pretty obvious. Some pretty good deals in the foreign gold section.

Re: APMEX Discontinuing Most Numismatic Items
 

This startled me today.:bear_w00t:
Here is my screenshot from work today
I had just opened browser and looked at our weather and whammo! shaazzamm! :bear_tongue:

Attachment 81370

Re: APMEX Discontinuing Most Numismatic Items
 

Stocked up on Christmas presents for the nieces and nephews...

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I'm dumping my Lunars too aside from my own collection. No one really cares. When silver moves I think the SAE's and Maples will move just as much.

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I agree. When the Numis finally rally again like in 89' and all the snake oil salesmen come out of the bushes you'll know it's over.

Re: APMEX Discontinuing Most Numismatic Items
 

I agree. Numies are commanding premiums that aren't sustainable. Bullion is where it's at.

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BINGO............can I interest you in a ultra rare only 500 minted proof incapsulated 1/4oz gold hacha cerimonial for $600?
Diden't think so.

Re: APMEX Discontinuing Most Numismatic Items
 

It's about time they start getting their good name out there. One of the very best to buy from. APMEX = A+ imo :coolbeer::bear_thumb:

Look at all the gold adds out there for these other overpriced gold shysters.

Re: APMEX Discontinuing Most Numismatic Items
 

Yes but a few 10th oz 08 w ms70 buffalos going for well over $600.


http://cgi.ebay.com/2008-W-GOLD-BUFF...item20add41d5d

http://cgi.ebay.com/1-10-oz-2008-W-G...item2c51744213

Re: APMEX Discontinuing Most Numismatic Items
 

Huh? The rich have just gotten richer, and are in dire need of places to spend their new found wealth. Numismatics is the hobby of kings. There's a reason for that. Only the kings can afford the hobby. We're now in a world where the gap between the very richest and poorest has never been wider.

The top 10 percent of earners in America now receive nearly 50 percent of all the income earned in the United States, a higher percentage than they did during the 1920s.

The top 0.01 percent of earners in the US are now taking home six percent of all the income, higher than the 1920s peak of five percent, and a whopping six-fold increase since the start of the Reagan administration, when the top 0.01 percent earned one percent of all the income.

Numismatics is like art. There's no accounting for taste, and no end to how high the prices can go on certain pieces.

These poor rich buggers need a place to put all that money. Numismatics is still a very good game.

Re: APMEX Discontinuing Most Numismatic Items
 

If you reread your post, then you'll understand why they will low ball you in hard times, and the value recovers once it is in "their" hands. You find yourself in hard times and need to sell? They set the price. When the time comes, they sell it back to you at the pumped higher price (that they have set). This cycle happens in the markets over the years repeatedly. And this time is the mother of all cycles. It's like stocks with a low PE being pumped. It's not based on actual value. You can't fight facts.

Re: APMEX Discontinuing Most Numismatic Items
 

Who says I'm going to find myself in hard times and need to sell? Only a fool puts himself in such a situation.

Besides, your guess is only as good as anyone else's in terms of where we are in the cycle.

Re: APMEX Discontinuing Most Numismatic Items
 

I thought it might be appropriate to mention this here... APMEX has been a trusted partner in my precious metals trading for 18 months... i have bought from and sold to apmex in significant amounts and i trust them completely... they have never let me down. fwiw, i offer my most heartfelt endorsement.

Re: APMEX Discontinuing Most Numismatic Items
 

I'm not saying YOU will. But I am damn sure saying that most other than the elite will LIKELY over the next few years and IF that takes place, your numies will not keep pace with bullion as the value of gold and silver advance. Assets will be valued at their worth.

Didn't realize you were just a collector who thinks the monetary system is going along swimmingly. Tough times are not ahead I take it. Or maybe you are an elite who will benefit from the fall. Either way... the point stands.

Art is emotional and only worth the appraised value when there are enough buyers. Those on top decide that at any given time, not the little guy. It has no intrinsic value other than the materials. The comparison to pumped stock with a subpar PE is a good analogy in my view. Good luck with your not needing anything as the very likely implosion occurs. That doesn't nullify anything that's been implied anyway.

You are free to hold on to your cherished delusions and baubles for eternity, despite any sound advice.

Re: APMEX Discontinuing Most Numismatic Items
 

The coin shop we just opened is bullion centric, but we do carry some numis to a lesser extent (obviously there are some crossover collectors). Our focus from the start has been on bullion/scrap, and I don't see that changing any time soon. Other shops in town can focus on numis if that's what they think is going to keep them profitable.

Re: APMEX Discontinuing Most Numismatic Items
 

GoldWampum, you start off your post by saying, "I'm not saying YOU will." Then you end it with the taunting phrase, "You are free to hold on to your cherished delusions..."

What's with the passive aggression, GoldWampum? Is that supposed to help you win some prize? You want some sound advice? Stop being so damned annoying, dude.

Point is, people can do whatever they want, invest in whatever objects they choose. We're all adults here. Everyone's got an opinion and they can act on it. In a few years we'll all know who's right and who's wrong about all of this.

And no, I'm not "just a collector who thinks the monetary system is going along swimmingly." That's a trivial and stupid statement. Although I'm starting to get used to that sort of thing from you.

For now, shall we agree to give this thread back to Apmex?

Re: APMEX Discontinuing Most Numismatic Items
 

I was referring specifically to the index funds that traded on wall street, based on purchasing rare coins. It was the fund managers themselves buying by the boatload. Those got a pretty bad rap and folded quickly after the bubble blew up so spectacularly. I dont not think those will make a reappearance, but yes numis will always move in cycles.
In '89 at the peak of the numi bubble common saints in MS65 were going for $4000, or about 10 Krugs. Classic no brainer trade there.

Re: APMEX Discontinuing Most Numismatic Items
 

Do the GIM silver rounds qualify as numismatic items? I would like to pick some up at a discount please. :36_3_12:

Re: APMEX Discontinuing Most Numismatic Items
 

is apmex now willing to ship pre 1933 gold overseas to asia?

Re: APMEX Discontinuing Most Numismatic Items
 

You were responding with trivial stupidity, so it fits. Otherwise I gave an opinion that you took personal. I agree, be an adult. I was making fun of your trivial stupidity. To do so, one must don the mask of trivial and stupid comments. It is a lampoon of sorts.

I retain my opinion and I think you've said nothing to nullify it. OK you are insulted by my opinion. I can take it.

The passive aggression is another of your delusions. A reflection of your own attitude I suppose.

I gave reasons for my opinion that make sense, you are giving emotional responses.

Re: APMEX Discontinuing Most Numismatic Items
 

We're currently not shipping to Asia, but check back in the future as more shipping options may become available. The only way we can ship outside the U.S. and Canada is to APO addresses for those in the military.

Re: APMEX Discontinuing Most Numismatic Items
 

Both of the items you used as an example cycled through thier auctions without being bid on or bought.
The problem with collectors items is you have to:
#1 find somebody who thinks like you.

#2 has money to spend.

#3 Is willing to spend said money.
That alone makes it a very narrow market.

Re: APMEX Discontinuing Most Numismatic Items
 

I agree 100%. Numis may not be the cup of tea for many on GIM simply because of the cost difference when compared to bullion. The wealthy collect numis as a hobby. Numis isn't for everybody, but they certainly have a place in many portfolios.

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What are you, some sort of commie liberal or something? Let me tell you something. The hyper wealthy deserve every cent of the bush tax cuts. These were in no small part made possible by true american hero's like Grover Norquist, who was in turn backed by legions of 40k a year making authoritarian followers. I think it's obvious to the most casual observer that we all have an equal (and reasonably good) chance at becoming a member of the "owner" class. I know I dream of the day when I will have 50+ million in liquid wealth.

You see, its the liberal commie's, with their defeatist low self esteem mindsets, that have given up on the american dream, and thus have become pathetic socialists. Indeed, it is these liberal blood suckers, being too lazy to persue the godly quest to become hyper millionairs (and thus be in the position to benefit from the bush tax cuts) that now stand in the way of good, god fearing conservatives who are simply striving to become wealthy.

Re: APMEX Discontinuing Most Numismatic Items
 

Gordon �s correct that numis amount to art. People don't generally buy art for profit motive or with any real expectation of resale. Apmex just announced that the cost of playing curator just took a small spike downwards.

Re: APMEX Discontinuing Most Numismatic Items
 

Hummm....

Seeing some personal stuff here.

Haven't there been enough bannings in the last couple days?

Keep it civil folks.

Re: APMEX Discontinuing Most Numismatic Items
 

Your opinion is an insult to the word opinion. If there has been ANY trivial stupidity on this thread, it was your series of posts. Of coarse, that is simply my opinion...

:15_1_70v:

Re: APMEX Discontinuing Most Numismatic Items
 

Nice freaking hijack on APMEXs thread. Way to go idiots...

Re: APMEX Discontinuing Most Numismatic Items
 

Yep, its no longer suprising where a mad pissing contest breaks out, stupid as it is.