Hey guys, Matt Barkes CEO of Mintbuilder here, and I want to answer one of the questions I get asked all the time. And that is, is it better to save bullion, or is it better to save collectible numismatic coins. And the short answer is yes, I do both personally, I believe, that should you say absolutely bullion benefits are very obvious it gets you positioned properly.
In case of crisis, could be national or worldwide or it could be in your household, you could lost your job and I’ve talked to numerous people that have been able to rely on their bullion savings to get by for several months even one person for a year that I talked to on their bullion, was able to sell off a little bit at a time to get by.
So, it’s a crisis protection and you pay a little premium so you’re getting more silver for your money with a bullion so that’s important I think that everybody should have some bullion. And that’s why I’m able to resell it credibly cheap for our members, and now on the other side of it. Should you throw numismatics right out the door like collectibles. If you do, you could be throwing away a lot of potential money.
I don’t think that you should just buy anything and everything there is. It’s very important for us each do our due diligence, you know to be dependent on ourselves and you know to be self reliant. Nowadays it’s so easy to do that you can research and find things so easy.
But I’m going to tell you personally that I’ve been able to make a lot of money with numismatic coins and matter of fact, a lot of people are saying well don’t go for the modern numismatic coins, but I am going to tell you that if you follow that advice without doing your own research that you could be missing out on huge opportunities.
I’ve made a lot of money doing just that. Taking modern numismatic coins for example, recently we had the five ounce 2017 Spider Man coin. I don’t really care about Spider Man, you know I like some of the, you know, Marvel and DC and all that stuff but I think that if you look at, you know, a couple things how many of them were minted, how many of them got the highest grade, you know, pF 70 or ms 70, and all that kind of stuff together, you know that you’re going to have a good buy that particular coin we were selling for around 500 that coin is now selling for 1000 to 1200 dollars in such a short period of time.
Now, if you decide not to do numismatics, you could have potentially lost out on doubling your money with something as simple as that. So, $500 could have made you an extra 500 profit in just a short period like six months to a year. Another one going back was the southern Crux 2012 coin, I remember selling that for under $100- $200 those coins are selling for $700- $800 now.
American Silver Eagle is one of the most common government minted coins. Those you can buy for around $50 for an ms 70 now. However, there’s many years in the 90s and 80s when they started selling those coins for thousands of dollars apiece. Now, you know, they didn’t cost thousands of dollars back then when they minted them, but there was just not that many being mint to the mf 70 at the time.
If you’re just buying bullion, again, it’s good for the crisis situation but what if you wanted to get something graded well you can’t get bullion graded you can only get government minted coins graded NGC pcgs they don’t grade private mints. So, if you think that you have a 1996 Silver Eagle and it looks perfect to you you can send it in and get it graded that coin might only cost you two or $3 premium, but that coin could come back in and make you 8000 $9,000 because of the rarity.
So numismatics has its place, it’s more of a mid to long term wealth, whereas bullion is more of a wealth protection, in case of crisis. So, two totally separate subjects. So I hope that kind of helps you understand it and I’m only telling you my opinion what I personally do, just from being in the industry for about 20 years, is I do both. I try to do about half and half.
So that can give you a kind of a gauge of what you maybe you want to do. But again, do your own research. Find out what it is you’re trying to obtain. Are you trying to attain more wealth? Are you trying to obtain more protection, or maybe a mixture of both, and then you make the decision from there. But, don’t just rule out numismatics because a few people say that that’s a bad way to spend your money paying premium for coins, because that premium could make you, you know, 100% return on your money so on your savings.
So there we go. Hope that answers your question on precious metals, coins, and Mintbuilder. Take care everybody. Have a great day.