Would you sell cards to buy gold or silver coins?

Peter_Spaeth · #1 04-12-2023, 06:58 PM

Quote:

Originally Posted by homerunhitter

I totally get this and I totally understand this. but as a buyer how dos it make sense to pay $40 for a $25 coin to just sell for $15 eventually? (not trying to be smart at all, just trying to learn and understand if/does it make sense to buy for $40 and sell for $15)

People play the silver market but I think more people invest long term in gold.

homerunhitter · #2 04-12-2023, 07:19 PM

Thanks Guys for your thoughts on this. I think ill pass on both gold and silver for now as Im not really educated on it or know what im doing in regards to investing in gold and silver.it doesnt seem like its a good option for me at this time the more I think about it.

58pinson · #3 04-12-2023, 07:23 PM

Deleted.

homerunhitter · #4 04-12-2023, 08:31 PM

I think one problem I see is that silver will never go up enough to make a profit on what todays sellers markup is. (I dont think the spot price of silver has been over $30 in the past 10-15 years (or maybe even ever) the seller markups today are outrageous.(to the point that making any profit on it is darn near impossible) to complicate matters worse in the silver market is that if an american silver eagle 1 oz coin is consistently selling for the sellers markup price of $40 then people start thinking and believing that 1 oz of silver is worth the $40 they paid for it, then when they go to sell then and only then will they find that their pants have been pulled down to their ankles!

bnorth · #5 04-13-2023, 06:03 AM

Quote:

Originally Posted by homerunhitter

I think one problem I see is that silver will never go up enough to make a profit on what todays sellers markup is. (I dont think the spot price of silver has been over $30 in the past 10-15 years (or maybe even ever) the seller markups today are outrageous.(to the point that making any profit on it is darn near impossible) to complicate matters worse in the silver market is that if an american silver eagle 1 oz coin is consistently selling for the sellers markup price of $40 then people start thinking and believing that 1 oz of silver is worth the $40 they paid for it, then when they go to sell then and only then will they find that their pants have been pulled down to their ankles!

Yes but if you look at it that way cards are exactly the same. Buy any card from a dealer and then try and sell it to another dealer and you just lost a similar percentage to your silver example.

homerunhitter · #6 04-13-2023, 10:27 AM

Ben
You are absolutely right my friend. I never thought of that but you are 110% right. I have to now rethink my card purchase decisions from here on out.

sb1 · #7 04-14-2023, 03:49 PM

Most of the coins I bought 10, 20 and 30 years ago are worth very little more and many are worth less than what I paid(and they are high grade PCGS/NGC). Like many other asset classes not everything goes up.

Compare to the stock market or cards and coins are a terrible investment(as is bullion). The people that have done well in coins owned either very high grade keys or rarities that most can't afford.

mrreality68 · #8 04-15-2023, 09:43 AM

Diversification is always good

But I feel more upside long term in cards

I would sell gold or silver to buy cards

However, rare gold or silver coins is different and I would not sell that to buy cards unless I want to adjust my overall asset allocation

Since I do not own gold/silver and since I do not own rare coins(and not enough knowledge or interest) I would not sell gold/silver for coins

For cards/memorabilia I would.

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