Numismatrics
 

If things change just a little you'll be happy to have part of your gold and silver in NUMISMATICS as a separate basket. 33% is wise....

5 major rules in investing:

Know 5000 years of Human nature
study history
oil runs the world
gold and silver are the only real money
fundamentals will rule out in the end - hopefully before :goodnight yours, right? :signs14:

Re: Numismatrics
 

Only thing remotely numismatic here is my sovereigns. The only numismatic items to be found here all have gross premiums, the mintage for our country's PM coins are lower than others and there is little market for foreign numismatics except the crazy expensive ones. (and of course semi-bullion like, in this instance, sovereigns)

Re: Numismatrics
 

At least you are thinking.

George S. Patton said to his command staff of the 3rd Army I believe:

"When we are all thinking alike, not one of us is really thinking...":36_1_34:

Re: Numismatrics
 

And which of those relates to numismatics?

It is pointless to advise people to invest in numismatic coins because they need to know enough that they don't need anybody's advice.

Re: Numismatrics
 

#4 common dated. :Surrender: NOT!

When I first started way back I bought many common dated NGC/PCGS slabbed gold saints common dated. Then I started to learn - many years and 20 books later the same rule(s) applies - to me.


The simple reason is that L@@K who's in office (think FDR in spades) and think "what's the worst thing that could happen as far as selling just BULLION coins?" :111:

So I politely dissagree. Even in Communist Russia old boy Joe Stalin let them collect gold coins against his anti-gold law. Not a guarantee; but the borders are close, right? :504:

The G@@D LORD bless your pea-pickin' heart. - Tennesse Ernie Ford...

singing... "Now we gather at the river...":yes: (Rio Grande)

Re: Numismatrics
 

I catch the point and it is certainly a point to be taken seriously if not for any other reason than not to put all your eggs in one basket.

Re: Numismatrics
 

YOU BET!!

And you and George Zapata are right!!!!!

:biggrin:

Re: Numismatrics
 

Its what the older gold writers have suggested too, Bob Chapman especially comes to mind.

I am actually over HS's percentage a bit cause I have moved some bullion to numismatic as deals have appeared........so a lot of my numismatic's were bought very close to bullion price.

But the thing is - if one really believes in PMs (as HS and I appear to) then you get in heavily (right now I am 90% PMs) but that does not mean you cannot diversify within that market.........to me numismatics (and like HS, I read the books too, tho not as many) gives me a second way to diversify beyond just moving ito silver and platinum.......and, if it gets into your soul, its a lot more fun, you learn so much more as you study the history of the coins.........so its really a win-win thing PROVIDED one does one's homework!

:ok:

Re: Numismatrics
 

http://www.myntogseddel.no/Mynter-No...ske-gullmynter

Look at those lovelies. Unfortunately, the 20kr pieces are Half Eagle-sized but Double Eagle priced. :favorites21:

Re: Numismatrics
 

YOU got it Master HO.

It's all about different baskets of the same thing - PMs.

The slabbed ones (like your favorite PCGS) are actually a secret currency for the wise. But I'll let you figure that one out - think a DR. with the HEAD of PCGS who co-authored and wrote a book on it.
(Hint: The Secret Currency - by Sjuggerud & David Hall) In case you are a little slow this morning....

Rule number FOUR George Zapata - or Zapata George. Right now the price of gold should be $6,000 to $7,000. So it's a BUYING opportunity that will T@@ S@@N pass many many many of those that HESITATE bye bye bye.

So by the by and by, BUY BUY BUY, before it goes bye bye bye.

"Now ain't that a KICK in the HEAD!" :thumb.aspx:

Re: Numismatrics
 

Found "The Secret Currency" on Amazon and ordered one. Here is an interesting PDF article I found by Sjuggerud.

http://www.davidhall.com/user/pdf/Th...IveLearned.pdf

Re: Numismatrics
 

Even privately produced rounds and bars can have numismatic value. It all depends on the company and how much they produce and the care they take in their production. Some companies produce rounds that are far better and prettier than anything produced by any government, but again, it depends on how many they produce and sell.

Re: Numismatrics
 

I think you will really think about that BOOK when you read and act more upon it.

It's one of those spelled out books that are easy to figure out the right thing to do when you read it.

Some don't have common sense however and that really hurts them in the LONG run.

But we're all toast then anyway.

:listen::signs14:

I printed your article - thanks!

Re: Numismatrics
 

I agree. However, that said, US mint packaging and slabs make them true numismatics except if you have them displayed in collection form.

I have many JUNK silver rounds like buffaloes and such that when I trade/sell them they'll be considered BULLION.

"We all meet at the RIVER, the beautiful beautiful river..."

(Rio Grande)

Re: Numismatrics
 

I stand corrected!!!

:beer:

Re: Numismatrics
 

I read the article and my sixth-sense must mention that TOO MUCH emphasis is given to the $100,000.00 NOW coins. (JUST study what they suggest)

Not enough emphasis is given to the undervalued coins. That's the ones you'll have to find. I did mention a whole TYPE back a few days ago.

Or just watch the NEW VIDEO on PCGS by David Hall he mentions it a week after I did.

:thumb.aspx:

Re: Numismatrics
 

You wouldn't have been COMMEMORATING something HS?

Re: Numismatrics
 

Nah, no big thing. Interesting THING is that the five rules all make common sense too.

#3 = OIL still runs the world.

so following the rule think about this - analyse this -

For example Mexico is now IMPORTING oil for the first time - so (soon oil oil oil) they'll be in DEEP DO DO - like in Star Wars I the froggie looking fellow with the tongue as long as MINE.

Read they'll be BANKRUPTED like the light skinned (forget it!) and follow Greece next...which follows Dubui you get the drill... then Sapin then Ireland following Iceland then soon the UK (UCK!)...

Genesis 2 - "and the GOLD was GOOD!"

HS 1; verse 1: (HS 1:1)

Gold is to hold, silver will deliver, and cash is trash...

verse 2:

DUMP TRASH....:111:

The JOKE of the decade is that Larry Summers (think Rubin, Clinton, & Summers) is the NOW White Hose (pun intended) economic chief - and he and the evil trio made those 500,000
- 400 ounce phoney gold bars in Fort Tungsten - to hold the price down while they sold "the good stuff" - think SILVERADO movie - and substitute the BOOZE for real GOOD gold...

so even with an audit they won't bring real GOOD assayers - will they?

Re: Numismatrics
 

http://www.thestreet.com/video/10659...=1#61392710001

Numismatics are THEN half priced... right?:36_1_34::36_1_34:

Re: Numismatrics
 

So much sense that - the very first time I heard them - I stopped the recording and wrote them down..........and they sit on my personal files, right near the top!!


:emotions16:

Re: Numismatrics
 

Nah, you are a "wise" OLDMANSMITH buddy you are...

Keep the faith....

Also it's time to re-examine my Beachfront Property SAINTS (MS65s)....

Wow, here's a 1922...

:36_3_16::504:

Re: Numismatrics
 

Numismatrix.

There, fixed it for ya. :23_1_22:
R.:wink:

Re: Numismatrics
 

Numismatics

If I would learn to PROOFREAD - or POOF-READ!

:bulride::bulride::bulride::bulride::bulride:

This should be a great week for all GOLDEN (metal) & SILVER things.

Buy
Buy
and
BUY
with
both
hands

75% of total portfolio - :bull-smile::bull-smile:

Re: Numismatrics
 

Thanks for the thread, HS. I have enjoyed reading it.

It is possible to do quite well with high grade numismatics. Rare coins can be especially lucrative as HS and Master Ho have eloquently shown.

Unless you can get a good deal, it can be quite expensive to play that game.

It is possible to do the same thing with less expensive coins. Any coin graded MS66 or higher prior to 1947 has the chance of gaining significant value.

3 years ago, I purchased common date Walking Liberty's MS66 graded by PCGS for less than 90FRN. Last time I check, those coins were selling for 150-200FRN.

Rarely can bullion do that well.

The Great Ag

Re: Numismatrics
 

This should be a GREAT year for SILVER (all things considered) which will make certain RARE silver coins appreciate more in value because they are LIKE the BEACH PROPERTIES of the past when people had money and they were not making or say have that many to chose from "for sale."

Same thing with OLD pre-1964 MS66 PF66 of silver - they are rare....

I expect silver (when measured in US dollars) to escalate. Truth is this is a slam dunk - because the fellow in office has allowed in his one year a great extra supply to be made of them. Way more than the same type position allowed prior - which was still bad - in fact.

My guess is that he doubled it. That should come back as a EUPHORIC HIGH for the marshmellow (:marchmell) brained sheeple who really can NOT figure out that they are being robbed lock, stock, and barrel by the incompetent leadership that are installed by the banksters. However, that HIGH mentioned will bring with it an inflation that will be way worse than the CARTER years.

Things on the shelves will leave faster than a they did in 1963 with the Cuban Missile Crisis. Back then as a teenager I was responsible for a LUCKY Store inventory - we were out of everthing - looked like a BOMB hit the shelves - for two weeks. History repeates. But way worse - figure 100 times worse - ball park. Be out for two years! Buy extra now before you can't find it.

What happenes is that the marshmellows figure out that their PAYCHECKS are losing money quickly and buy things in advance times 20. That makes for an interesting time for the :36_1_28: FOOD retailers - IT WILL....


:36_1_30: :36_1_30::36_1_30::36_1_30::36_1_30:

:signs14::111:

I did not print all the money - THEY DO'OD IT! :36_1_25:

Re: Numismatrics
 

Incorrect. Yes, there may be "collector premium" but it is disingenuous to term that "numismatic premium". The first rule of what constitutes numismatics is that the object in question must have actually circulated as currency. That is not to say than an uncirculated specimen disqualifies but the object as a whole must have circulated. A 2009 JFK 50 cent piece can find a numismatic market while a 1996 Silver Eagle can only find a collector market.

Re: Numismatrics
 

Words well spoken, HS!

However, I do not see inflation growing that quickly. At least not yet. Only because the trillions created was not directed towards the public. Rather those trillions are held in banks and high-end customers who got shellacked on the CDO, MBS and the other alphabet derivative schemes.

Sooner or later this money will be exchanged for tangibles. When that happens. . .whoa Nelly, bar the door!

I think the majority of holders will exchange their "dollars" gradually, this way they can get the best bang for the buck. Dump too quick and everyone else will, too. Sooner or later, one of them will be the first to dump and the dam will burst. Until then it's marshmallow and yellow/red M&M time :marchmell:marchmell:9536::cooler::9536::cooler:

the Great Ag

Re: Numismatrics
 

Who really knows the future, right?

That said they created way-to-much liquidity for the system. That might be something BIG & NEW unlike the 1970s Carter years - but then again similar like you mentioned...

Thanks for letting me think about it for a MOMENT...

Frankly I don't trust BURN-THECURRENCY BEN BUBBLES BERNARKE - with having too much common sense - only the ability to prove himself wise.

"And protending to make themselves look wise - they became very F@@LISH!" (somewhere I remember that! - try the ONLY GOOD BOOK)

:bull-smile:

Re: Numismatrics
 

You are right, no one can predict the future. There are those who can greatly shape it, and only they know what they are doing. Me, the poor schmo, has to second guess, and I better guess rightly!

Having said that, China is following the approach I mentioned above, i.e. gradually working their way out of "dollars." They hold the most of any institution. It is like the largest ship in a small harbor. It cannot reverse direction quickly and when it does everyone will know. Currently, they traded their long term US treasuries into short term treasuries. Not cashing out, so to speak, but they could.

I look at it from a selfish perspective. If I held hundreds of billions of dollars how would I dump them for my greatest good? I think start slowly and use any underhanded tactics I could to mask what I was doing and then when I reached a certain threshold, DUMP. . .DUMP. . .DUMP! This model is similar to what happened in the last great depression.

The Great Ag

Re: Numismatrics
 

Perhaps CHINA if they are the same type culture as when my GRAND PAPA worked there in Shanghai, 1922-1928, "somehow already LEVERAGED their US dollars before they opened their MOUTHS."

What I mean is that they spent those dollars via buying things they wanted to have like GREAT VINYARDS in several countries like the sales of hectacres in Baja, Mexico and cash purchases of 400 year old wine companies.

Then I could PROBABLY look in COMMODITY companies like the HUGE big one in Australia; plus many more around the GLOBE.

I think they placed a floor on gold at around $1,000.00 plus too.

Grand PAPA said, "NO ONE (read that three times) can beat a CHINAMAN in a business deal they are too good in negotiations."

http://en.wikipedia.org/wiki/Negotiation

That's why they did what they "DONE" before they open the "MOUTH!":ok::111: