Do you buy graded bullion

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Do you buy graded bullion

Yes, I'm set building
Yes, if the price is right, why not.
No, not into it
Only if it's a numi and I'm leery of fakes
Total votes: 60

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Do you buy graded bullion

Postby PeacePeople » Fri Dec 14, 2012

If you do could you provide more detail.

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Re: Do you buy graded bullion

Postby Raddoc » Fri Dec 14, 2012

One word: COA

I guess that is 3 letters...
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Re: Do you buy graded bullion

Postby rawteam1 » Fri Dec 14, 2012

one of the great oxymorons...
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Re: Do you buy graded bullion

Postby Justfishin » Fri Dec 14, 2012

If the price is right--hell yeah
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Re: Do you buy graded bullion

Postby Kutzy » Fri Dec 14, 2012

I have a couple sets I build but most of all I just like the fact that its proven real in case you need to get rid of it in times where bullion is questionable. If im getting it for the same premium I would pay for raw I only see it as a good thing.
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Re: Do you buy graded bullion

Postby bullionbull » Fri Dec 14, 2012

besides my eagle set i am building, i have a few graded panda's. besides that, if its just a small premium over spot why not :)

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Re: Do you buy graded bullion

Postby DRP270 » Fri Dec 14, 2012

I have bought proof graded gold for the same price as raw BU--yeah, why not.

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Re: Do you buy graded bullion

Postby spincity » Fri Dec 14, 2012

I think a better question would be if you buy graded coins at the graded price.
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Re: Do you buy graded bullion

Postby BotanicusRex » Fri Dec 14, 2012

I will buy MS67-68s at raw pricing - then I'll probably crack them out back into capsules or OGP...
MS69 at raw if I can get it - otherwise I pass...
MS70 at a slight premium - not surprisingly I rarely find 70s at my cheapskate prices.

I buy PF/PRF69-70s only if I can't find the coin in a nice raw Proof - same with Burnished UNC.

I never pay up for ER, FS, WTC, labels, or signatures.

So, bottom line, I don't buy many graded coins... but I won't automatically kick them outta bed :D
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Re: Do you buy graded bullion

Postby SilverRider » Fri Dec 14, 2012

Where is the, "I buy raw and submit to TGP" option?
Looking to buy Pre-2010 £2 Britannias (Proof/Regular, Graded/Ungraded, must be 69-70 BU quality)

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Re: Do you buy graded bullion

Postby eventurer » Sat Dec 15, 2012

Justfishin wrote:If the price is right--hell yeah


didnt someone post a pic of all a bunch of cracked PCGS/NGC holders so they could take the coins out?!? :shock:
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Re: Do you buy graded bullion

Postby mtforpar » Thu Dec 20, 2012

Well, I buy quite a bit of MS70 pieces. You only live once, might as well have the best.
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Re: Do you buy graded bullion

Postby skylersfriend » Fri Dec 21, 2012

I started a set of MS70 Au buffaloes that I add to every year; but I buy a proof Au buff in the orignal package from the mint. I don't have the eye to tell the difference in MS coins unless there are some obvious defects.

I buy proof 69 and ms69 silver eagle every year to keep a collection going.. I suspect that the investment is not a wise one but..

When I purchase Chinese coins or pre33 US Au I look for slabbed as I am paranoid of counterfeits.

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Re: Do you buy graded bullion

Postby Silverbackk » Fri Dec 21, 2012

For classics or real numis, I'll buy graded ones, and, if possible, CAC label too. CAC label is important in sight-unseen purchases, like those on eBay. CAC is to ensure that the coin is in the upper range of that particular grade. In my limited experience, when buying sight-unseen, you often get a lower quality coin in that particular grade.

For bullions, I look for MS69's when buying sight-unseen. MS69's often command only a small premium over raw coins, especially on those one ounce gold buffalos or eagles. Modern bullion coins from the dealers almost always are the left-overs from the ones that were picked by the dealer and sent for grading. These left-overs are often of lower MS quality. APMEX sells "mini-direct" bullion coins, promising that these are directly from the mint and not cherry-picked. Of course, they add additional premium on these coins.

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