Numismatic Vs Bullion - What's the difference and why does it matter?
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- Опубликовано: 6 сен 2024
- My website (shop for coins and bullion) spegtacular.com/
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Vermillion Enterprises - Owner Brian Vermillion
5324 Spring Hill Dr.
Spring Hill, FL 34606
Phone# (352) 585-9772
www.vermillion-enterprises.com
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Contact me: Spegtacular@yahoo.com
Mail me:
Spegtacular
P.O. Box 1682
New Port Richey, FL
34656
Instagram: #spegtacular #coincollecting #gold #silver #preciousmetals #investing
This Shop-Owner is a very good man.
Greetings from a stacker from Germany.
Brian has some nice product and is doing a bang up job. I enjoy watching his videos and he does not go into historic story mode like Coinguy if you want to get right down to business. From what I have seen his prices are really competitive versus the big corporate owned bullion dealers. I wish I lived closer to his shop.
thank you
We need a shop like this in Puerto Rico! 🌺🇵🇷
Yes, agree 💯! 🇵🇷
If you know of anyone please let me know.
👈👈👈👈old coin company ka number profile main diya hai apnio hai okay sar ,
I like that term, “contrived market.” Thanks for sharing another awesome video!! YES! Support your LCS!
thank you sir
he explained that very well, where I live bullion isn't taxed but numismatics are.
There is an organization called the Sound Money Defense League that is calling out States that have sales taxes on Silver and Gold, and I agree with them
I WISH Brian was local to me! What a cool, laid-back dude that is full of info and willing to share!
I buy strictly from apmex and then sale back to my local store. I wish my local coin shop guy was like the guy in this video. My coin shop guy is mean and always tries to low ball me on the sale price.
I buy gold at apmex unless seller has a verifier. Apmex has flash sales and specials and can be very competitive. I have a very decent coin shop guy here in Southern Kansas but he's gonna retire soon
@@Jim-re3sr sorry to hear your coin guy is retiring. We both probably need to invest in a coin verifier. 🪙
Numismatic pieces are a very good investment, but it is a long-term investment. I know of many coins and currency notes that from ten years ago have doubled in market value. That's why you see big purchase rarities in numismatics. Collectors buy a half a million dollar coin and sell it several years later for a quarter million more.
👈👈👈👈old coin company ka number profile main diya hai apnio hai okay sar ,
Brian a very knowledgeable
Coin dealer
I will ALWAYS watch when you have Brian on. He's "my" LCS.
thank you we appreciate the business
Great information, as always, Speg.....loved that 21 Peace dollar!!! Gorgeous! Thanks for taking us along, Speg.... greatly appreciated! Take care, be safe and God bless!🇺🇸🇺🇸
Thanks for always being so supportive, Jim 😊
Thank you for all the clarification on all this.
Wow great info and will help me with my strategy when i start stacking at the end of the month for the first time. Thanks guys bless up
Great info! No matter how long you have been collecting. Dynomite knowledge,
I'm in that crossover market. I collect mostly bullion, but I like them just as much for their beauty, history, craftsmanship, age, rarity, etc., as I like them for preservation of wealth through the value of the metal commodity. I probably would't buy anything where the markup is more than 200% over the spot price for the commodity, but admittedly, that's a pretty large markup for a bullion piece.
Thanks for the interesting/enjoyable video.I enjoy British sovereigns, but recently, I’ve fallen down the bullion silver rabbit hole!!! 10 ounce bars feel great in hand . J.
Thanks for the tip on The Rising Sun. Bought them at 34 now selling at 41
I appreciate the practical honest approach, guys. Thank you!
Glad to see you and @Vermillion doing videos again. Brian is a straight shooter. I do wish I lived Cloe to yall. Not many LCS's around me. Thanks for all the both of you do. Please keep it up!
thank you sir
👈👈👈👈old coin company ka number profile main diya hai apnio hai okay sar ,
I've got my stack. Now, I'm full-on numismatic.
I will, at times, buy platinum coins/bars as I see advances in solid-state hydrogen technology which will be applicable to cars, trucks, buses, planes and homes. Fuel-cell technology may well challenge lithium battery technology in many applications. Platinum is really cheap IMHO.
If I were to add to my stack, it would be silver bullion in preference to gold.
People are missing the boat on Platinum for sure
Explained well and should make it clear to people…Thanks for sharing this with all of us
Thanks for watching, Tim!
Outstanding Video. Thanks for sharing.
I am glad to see you guys back together again 😀
Dude those Florida taxes on bullion and foreign coins really sucks 🧐
Love my LCS. I do like US junk silver. Fractional, widely recognized. Premiums are higher but right now even 1oz round is like 20%+ and no limit to how many they can mint. 40% premium on constitutional silver that will never be minted again.
We don't have any stupid tax in my state, but I think there is hold period for dealers making purchases of bullion which doesn't apply to coins.
Hey Speg tell Brian I'm going to get him a shirt that isn't black for Christmas...lol
thank you....always accepting gifts...LOL
Always enjoy your talks with Brian, so helpful and educational, and had I lived in the area, I would most certainly be a regular! I live in Norway, and bullion is hard to come by here, and laws are very different from Florida or the US, for example we have no VAT on coins (with a face value), but a 25% on bars and rounds, so most people here buy coins. Secondly, we have "constitutional silver", even though they stopped making Norwegian silver coins in 1919, but all of them have a higher numismatic value than the silver value, so no point in buying those if you're a stacker. There's some "memorial coins" that have been made in the 70's, 80's and 90's that have 90% silver and "older" stackers often started out with those + Morgan/Peace dollars here in Norway. I do have a local coin shop in my small town of 55.000 people, and I do my best to support it, but very often they don't have bullion coins, so it's a bit of a hit and miss, and I have to drive to Oslo (1 hour away) to do my shopping. Anyhow, just wanted to give you a shout out from Norway and thank you SpegTacular for your videos! Cheers, PA :D
👈👈👈👈old coin company ka number profile main diya hai apnio hai okay sar ,
Great content. Thank you.
Yes many modern contrived ''numismatic'' coins may prove to be a loss in time
Can you do more of these interviews? Very informative and interesting!
I’m sure there will be many more 😊
I love the price transparency of your shop . Where I live near the Villages the LCS have weak selection, flip flop on price and low ball just about everything…If I ever need to liquidate a quantity I’ll be calling Spring Hill first…good videos
Extremely informative video. Thanks, Speg... you're the man, brother.
Great content, love that 21 Peace high relief, wish i lived closer!
This is great! Thanks again… One topic that could be interesting is how the mint sells and lists the different types of ASE plus Gold Eagles. What I am looking for is the different MS coins, PF coins and the bullion coins that only dealers can buy in bulk… Variety of Mint marks on each as well… could be a great topic that adds to this conversation. Thanks
I appreciate your videos but I gotta say I enjoy more your interviews of the coin guy with the blue shirt.
The high price, of both silver and gold, has made prices of even common coins high for collectors.
My favorite coin and bullion shop…
That dealer has good prices. I would buy all those raw AU/Unc Morgans at $40-50 each.
This helped me understand why I avoid graded coins. I have a much higher interest in stacking bullion but I also complete album sets, currently have mercury and short set of walkers filled with other partials, and find a lot of value and excitement in completing the albums and collecting the coins. But I dont really have an interest in graded or numismatic things as much. Even though it would be fun to find that $100k error penny, some of those errors i can't even see. I have the 42/1 mercury overdate but that thing you can see plain as day. Start talking close AM 93 pennies they all look the same to me.
Two great people, thanks!
Been collecting for 50 years , some one told me in the 70s to be a good coin dealer ,1st you have to be a good Thief ,some are worse than second hand car salesman 🤔
Thanks for the gr8 vid Speg!
I have a wide collection, even as an Australian have a few US dollars, in differing conditions. none rare, one attached to a steel chain and heavily polished. I want to get an old US silver certificate.
Good information thank you!
Excellent video
I bought a slabbed Lincoln Cent signed by Abe Lincoln.
Opposite rules in MN. No tax or ID on bullion, any amount, buy or sell.
Thanks for sharing Jesse catch you later the old man
Great Speg video with Brian 😀🥈🥈🥈🥇🥇🥇
Don't take this the wrong way. Brian is great but have you replaced Coin Guy?
Overall, silver and gold are the last choice to make of any investment or insurance or whatever you want to call it. Good luck folks you've been scammed.
I do both. That makes me conflicted
Vermillion is about an hour south of me but worth the drive.
Thank you
I enjoyed the video. I will respectfully disagree though that cull/circulated Morgan and Peace dollars will always be a better “investment” with better ROI than high graded Morgan and Peace dollars. That’s just not the case. There is plenty of data out there to back that up. However he may have been referring to the graded eagles and newer stuff. Either way I appreciate the content💪🏻👍🏻
Please provide the data.
@@Spegtacular Sure, just to keep it simple and give one example. Also to use what most people have access to like APMEX, JM bullion etc…. Just a short time ago, about a few years, one could purchase common ms64 (PCGS/NGC) Morgan dollars 1878-1904 for $54.99 random years (from many places) now they sell the same for $99.99 random years. The Cull/circulated Morgan dollars would cost in the low 20’s or around 21-22 (you may have been able to get a little cheaper if you have a good LCS) now they cost about $28-29 from online retailers. Again you can get cheaper from good LCS. I bought both. I personally stack and collect many different things. My culls are up about 40% and my graded coins are up about 80%.
The same is for MS63 grades as well. They have almost doubled for the common years. I just used the MS63/64 grades for examples as they are the most commonly purchased for the average person. There are web sites too that show the prices from the grey sheets over the years on graded Morgan dollars going far back.
Pretty much every LCS will have grey sheets. If you look at one a few years old and one today it will show what I am stating to be true. Same thing at my local coin shops. The more common 63/64 grades have about doubled in their cases.
When I stated there is lots of data I was referring to grey sheets mostly as many people have access to those. Also there are websites that are free and anyone can get access. Again, I wasn’t trying to sound negative I was just disagreeing with the culls/circulated coins are “always” the better investment or have the best ROI. It’s just not factual.
I’m not a troll or anything just a stacker and I enjoy your content. I understand stating there is lots of data and not explaining myself wasn’t the best way to leave a comment. Hopefully what I stated above was enough to explain my point of view.
For me ASE has too many minted to be collectible, unless it’s a different finish with extremely low mintage…unfortunately I think ASE are not stackable either because of premium…However I just paid $37 for some 2022 Libertads as a speculation. I wanted the 2 OZer but $147😳could be used better.
Great video!
The title Nusmastic vs Bullion it should be instead Tax vs No Tax and emphasis only in Florida!
DID SOMEONE SAY SA KRUGERRANDS!😳🤩🤩🇿🇦🇬🇧
Well done.
Great shop!
American coins are the ugliest and laziest coins out there next to the philharmonics. I take pride in my stack and it is worldly.
Never take collectable coins such as Morgan's to a coin dealer. You won't get the collectable price for it. for instance, that Morgan that's worth 995. The LCS I go to won't pay near that price. You will get maybe $60.00 for it. I bought a CC Morgan for 85.00 He offered me 50.00 nope. I hope you understand now.
Alexander understand LCS have to make something from the coin. Using your same CC for $85 for example. Say you sell it on ebay, so take off 10% off the top so now the coin is worth $76, then take off $3.85 for shipping. Now your at like $72. So the LCS makes $22 for the coin. Okay well say they sell it to someone in the store. Most LCS give 10% off due to the grade. Now speaking of grade the LCS might have graded the coin different than you. So that might be the reason as well for his offer. But in the end making $20 on a sale of a coin isn't much. LCS has to keep lights, rent, salary, etc etc. I hope you understand now.
@@coinguy8107 I do. Just frustrating. Try to make a little money and get shot down. I do sometimes get a deal from him when buying.
Another great vid
It's so easy to stray from one camp to another. However I would never buy anything in a plastic thing.
I like nice designs that I can display in my own trays.
Ty
The spegmistro!!!!!!
No Pepe rounds.
SAD
:)
Numismatic is over hyped
Credit cards??? Taxes????
why?...must you only focus on American coins?! what about the marvel series? what about the Libertads? what about the Australian dolphin?
very high premiums, not good for investment
👍👍👍
Any possible way to keep Santos from putting his hand in your wallet is a good idea.
Our governor is creating a two tiered state- gives discounts on property tax to government workers, while the private sector that creates the economy the leeches feed from pay full price.
Now Santos is wanting to have ex military teach school....
So much for critical thinking- teaching children to blindly follow orders, get tattoos, and carry weapons for money is the last thing our state needs.
Governor Santos is quietly building a private army of beaurocrats to steal and indoctrinate children for his insanity.
#dethronesantos
Totally agree
Did I miss when he said how much he's asking for those beautiful Morgans? BTW, I would like to support my LCS, but he's a total jackass. He treats women with complete disdain and condescension. He has missed out on thousands of $$ as a result of how he treats women. I hope other coin dealers are more thoughtful.
thumbs up
14f
IMHO only a fool pays a premium for a slabbed pre-33 bullion coin that grades less than MS70.
Pre-33 coins are collector coins. If you find one anywhere close to ms70 they're going to cost a fortune because of that
@@TheQuickSilver101 yep
🙏💪👌
Please, don’t buy American Silver Eagle. That coin is not .9999 pure gold.
If you are a Silver Stacker you have to be a "special kind" of stupid to buy silver eagles.
1st