Many people hear about numismatics as a way to hedge against the political risk of corruption inherent in all markets, however it is clear that numismatics are oftentimes unreasonably priced. For those individuals worried about government confiscation of gold and silver, instead of numismatics, could platinum and palladium serve a similar purpose?
Numismatics and mint state graded numismatics are usually overpriced because of the commissions charged by dealers anywhere from 6% to 50%. This is particularly true in circulated numismatics – putting that aside the premium on mint state numismatic coins are close to their lowest level in 35 years. In the markets from 78 to 1980 we saw tremendous gains in numismatics and mint state guarantees did not exist at that time. Today, if purchased intelligently the mint state coins are a good buy. The same could be true of regular numismatics. I have never been an advocate of platinum or palladium. They are too strongly tied to commercial usage. READ ON!
No comments:
Post a Comment