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Trump hawks $100 commemorative coins in latest hunt for cash
(www.theguardian.com)
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this post was submitted on 23 Sep 2024
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Why does he think I would buy a $90 coin? I mean, who in their right mind needs a $70 coin? I'm definitely not buying an $8 coin.
Trump designs are a dime-a-dozen in silver rounds. I've come across at least two just from buying random amounts of them in bulk from billion dealers.
They are sold to suckers for way too much money and then are sold back to bullion dealers for a dollar fifty under their melt value so that the sucker in question can make the interest payment on their Ford F150. They eventually meet a gnarly end in someone's furnace after a few years and are cast into some actually desirable silver jewellery or silver bars.
How about a ₽100 Ruble coin?
I could use a $5 coin, $10 would be reasonable, $20 would be a bit much. But in all these cases only if they’re US currency or the currency of a country I’m in. $1 bills are too small to be bills, you can barely get a soda for that much.
He doesn't. His base might, depends how much they have left. The people who definitely will are the Russians, Chinese and Saudis.
There is a reasonably large silver community who prefers physical coin or rounds rather than certificates, shares or other more virtual/abstract forms of wealth.
There is a visceral and instinctive feeling when the value is purely in your hands and you can feel it.
Still, silver collectors/traders don't give a shit about the design. Commemorative coins are fine if they are roughly the melt value (paying a few % over melt value is common MSRP) but anything beyond that is fully bullshit.
Official silver coins (American Eagle) have government guarantees on the purity of silver, size of the coin, and other attributes. So those are far easier in practice. But silver rounds or bullion are still common.