WANTED: Coin Collections!

[Ms Erica Phoenix]

Got a bunch of old coins hanging around? Want to know if there's value in them before you take them anywhere? I'm an avid coin collector, and if you've got some taking up space in your closet, I might be interested in helping you get rid of them! Send me a PM!

xox

Erica

 

[PierreCoeur]

I just disposed of a very large coin collection and I was amazed what the silver value was. I used the following website to get a good idea of what I had, so that I could go to a coin place without worries about getting ripped off. I came away with over $1200 in my pocket and was sooooooo happy. http://coinapps.com/silver/coin/canadian/calculator/

 

[Ms Erica Phoenix]

Glad to hear that! I used to work in that business; that is one reason I am offering (another area of my experience and knowledge) to perbsters! That, and some of the coins that I collect don't have much in the way of value to those types of shop, but I like them. I collect old English pennies, for example... but I invest in silver! ;D

 

[PierreCoeur]

A silver dollar isn't a dollar anymore, that's for sure. I just wished I would have saved more. $20. dollars would be getting me a fabulous time these days LOL:doh:

 

[Ms Erica Phoenix]

A silver dollar isn't a dollar anymore, that's for sure. I just wished I would have saved more. $20. dollars would be getting me a fabulous time these days LOL:doh:

Nope, but at $20 an ounce, silver is a great investment right now! Buy it, put it away, and wait until the next stock market bubble bursts!

 

[lma19]

The stock market isnt a bubble. Expect a 20,000 point dow joones within a year.

 

[Ms Erica Phoenix]

The stock market isnt a bubble. Expect a 20,000 point dow joones within a year.

The stock market is always a bubble, my friend. Bubbles all eventually burst...especially when financial engineering makes it expedient for the bubble to do so.

 

[lma19]

Thanks for giving me a lesson. I am a Certified Financial Analyst charter holder and a investment banker.
You sound like a crazy conspiracy theorist no wonder you hold a non interest bearing asset that has recently been tanking

 

[Ms Erica Phoenix]

Thanks for giving me a lesson. I am a Certified Financial Analyst charter holder and an nvestment banker.
You sound like a crazy conspiracy theorist; no wonder you hold a non-interest-bearing asset that has recently been tanking

Congratulations; your parents must be proud. I hold a BA, BEd, and an MEd. I also spent a year buying and selling precious metal assets to financial analysts, MBAs and certified crackpots. In terms of economic theory, I am a dyed in the wool Keynesian, because I believe that Milton Friedman's theories and his disciples (Donald Rumsfeld for one) created the conditions in the world markets that caused the last global financial collapse. Precious metals not only have intrinsic worth, they also all have industrial applications too...you can't make a catalytic converter without palladium, for example, and silver is an EXTREMELY effective conductor as well. And while it's true that metals have been falling off LATELY, I am holding it as a long term strategy. When I want to do something risky and nerve-wracking with a fistful of liquidity, I get dressed up and head off the River Rock for the blackjack table.

Aurum et Argentum comparenda sunt!: gold and silver must always be bought.

 

[lma19]

Commodities are struggling hard. Where's the Dow at? All time highs.
PMs have no intrinsic value. They are highly overvalued. You are calling me a crackpot when you are investing in garbage. Your portfolio must be down 30% in the last couple years.

 

[Ms Erica Phoenix]

Commodities are struggling hard. Where's the Dow at? All time highs.
PMs have no intrinsic value. They are highly overvalued. You are calling me a crackpot when you are investing in garbage. Your portfolio must be down 30% in the last couple years.

You are correct; you win. Happy?

 

[lma19]

Not here to win anything. Just trying to inform you without expending too much effort. Lol

 

[Ms Erica Phoenix]

To get the thread back onto my ORIGINAL intention;

I'm currently buying older (Victoria and back) British coins. I am also interested in French silver if it predates Napoleon III. If you should happen to have a Queen Victoria Cinquefoil Crown, I'd be really interested in having a looksee.

 

[hornygandalf]

Thanks for giving me a lesson. I am a Certified Financial Analyst charter holder and a investment banker.
You sound like a crazy conspiracy theorist no wonder you hold a non interest bearing asset that has recently been tanking

I too have spent time in investment banking, but I don't consider Ms Erica to be a crazy conspiracy theorist. Note that she talks about silver and palladium, both of which are both industrial metals as well as precious metals. I wouldn't advise gold, but when you look at the underlying economics for silver and palladium, I think there is indeed a good case. They have strong, fundamental sources of demand. Why do Goldman Sachs (and others) hold so much uranium and other commodities? Demand, supply and market cycles. Buy when the price is low (like now). Watch the supply dwindle because of the lower price. And then take your profits when the price skyrockets due to the resulting demand/supply imbalance.

Maybe the Dow will hit 20,000 in a year. Quite possible. But I also bet it will drop significantly as well at some point. And with the way the current market is artificially manipulated, absolutely another bubble. Remember that the financial engineers of the market make their money in both directions, and they need the market to be going down just as much as it going up. And unlike the value of tulip bulbs, the market will go back up... eventually.

 

[Ms Erica Phoenix]

I too have spent time in investment banking, but I don't consider Ms Erica to be a crazy conspiracy theorist. Note that she talks about silver and palladium, both of which are both industrial metals as well as precious metals. I wouldn't advise gold, but when you look at the underlying economics for silver and palladium, I think there is indeed a good case. They have strong, fundamental sources of demand. Why do Goldman Sachs (and others) hold so much uranium and other commodities? Demand, supply and market cycles. Buy when the price is low (like now). Watch the supply dwindle because of the lower price. And then take your profits when the price skyrockets due to the resulting demand/supply imbalance.

Maybe the Dow will hit 20,000 in a year. Quite possible. But I also bet it will drop significantly as well at some point. And with the way the current market is artificially manipulated, absolutely another bubble. Remember that the financial engineers of the market make their money in both directions, and they need the market to be going down just as much as it going up. And unlike the value of tulip bulbs, the market will go back up... eventually.

Thanks HG, and you're right; the vast majority of my precious metals are silver, and it is what I recommend to young people just beginning to save for their future. Had I started buying silver maples when I started making silver jewellery, I'd probably ALREADY be living in my villa in Spain!

 

[peter putter]

The stock market isnt a bubble. Expect a 20,000 point dow joones within a year.

Sh*t, I knew I should have hung on to my BCRIC shares. :doh:

 

[Ms Erica Phoenix]

For those that are too lazy to Google...http://en.wikipedia.org/wiki/British_Columbia_Resources_Investment_Corporation

 

[sneakpeaks]

I still have my BCRIC's lol. Any offers ound:

 

[sdw]

I still have my BCRIC's lol. Any offers ound:

Worth nothing http://en.wikipedia.org/wiki/British_Columbia_Resources_Investment_Corporation

 

[Thora]

I've got a small collection of coins I have amassed. Mostly Canadian - a few old half dollars and those big old dollar coins from the 60s. Assorted foreign as well. I'll take a look through them and PM you with the exact details. I have no use for them so I'd be happy to pass them along to someone who has a real passion for this sort of thing