Investing in Silver Coins: Where to Buy, How to Pay, and What to Choose - AUCBURG | AUCBURG
Investing in Silver Coins: Where to Buy, How to Pay, and What to Choose
When choosing investment coins, many collectors turn their attention to the products of the Australian Mint (Perth Mint). These coins stand out in the market due to several key advantages.
When choosing investment coins, many collectors turn their attention to the products of the Australian Mint (Perth Mint). These coins stand out in the market due to several key advantages.
High minting quality.
Wide recognition among collectors and investors.
Good liquidity, making the coins relatively easy to sell.
Attractive and frequently changing designs.
Due to these factors, the focus in collecting is shifting specifically towards Australian issues.
Where to Buy Coins in Russia: Market Realities
One of the most common questions from beginner investors is where to buy foreign coins in Russia at reasonable prices. In the current situation, the answer is simple: almost nowhere. All imported goods, including coins, come with a significant markup.
Nevertheless, there are ways to find better deals. To do so, you should pay attention to the following platforms:
Numismatic auctions, where coins are sometimes listed with a starting price of 1 ruble.
Online platforms, such as 'Meshok' and 'Avito'.
Private sellers who import coins.
Finding good deals requires time, patience, and haggling skills. Major dealers typically offer coins at higher prices.
Where to Buy Coins in Russia: Market Realities
The Risks of Importing Coins Yourself
Attempting to bring coins from abroad yourself, even with the help of acquaintances, can be risky. There's a story of a person who asked an acquaintance to bring a coin collection worth about $1,500-$2,000 from Germany, which does not violate customs regulations (the import limit is €10,000).
Despite its legality, problems arose at customs in Turkey. The officers spent a long time examining the coins and receipts, then took the person to a separate room for questioning, which lasted about an hour. Such situations create stress and can lead to unpleasant consequences, so involving friends and acquaintances in this process should be done with great caution.
When personally importing coins, it is recommended to follow a few rules:
Transport the coins by plane, as there is a higher duty-free import limit for air travel.
Avoid carrying a large number of identical coins to avoid suspicion of commercial activity.
It is preferable to have a small set of different coins with a total value of up to €2,000-€4,000.
Be sure to keep the purchase receipts.
The Risks of Importing Coins Yourself
Postal Shipments: Is It Worth the Risk?
Sending coins by mail from abroad has also become problematic. After the introduction of a €200 limit on parcel value, logistics routes have changed. For example, parcels from Germany, which used to clear customs in Moscow, are now routed to Bryansk.
At the Bryansk customs office, there have been more frequent cases of parcels with coins being turned around and sent back. There have also been instances of shipments being lost entirely. Furthermore, the cost of shipping with mandatory insurance can reach €40, making the purchase of a small number of coins unprofitable.
Postal Shipments: Is It Worth the Risk?
Choosing Coins: Quality vs. Classics
When choosing between coins from the Australian Perth Mint and classic investment coins like the Canadian Maple Leaf, several factors should be considered. Previously, the price difference was significant: a Maple Leaf might cost $30, while an Australian Kookaburra would be $35. For investors focused on the pure weight of the metal, the choice was obvious.
Now, the price difference has almost disappeared. Australian coins like the Koala or the Brumby are comparable in cost to the American Eagle or the Maple Leaf. At the same time, they often surpass them in minting quality and do not have problems common to, for example, British Britannias, which are prone to developing 'milk spots.' In this situation, choosing Australian coins becomes more justified.
Choosing Coins: Quality vs. Classics
Storing a Collection: Practical Approaches
There are different approaches to storing a collection of investment coins. The most practical is using specialized albums and sheets. Albums from the German company Leuchtturm with Encap-format sheets have proven to be very effective.
For popular series like the Panda, Koala, or Kookaburra, it is convenient to use special trays designed for 20 coins. Some collectors also store coins in their original boxes, after wrapping each one in a separate bag to avoid damage to the capsules and the coins themselves.
Storing a Collection: Practical Approaches
Forecasts and Strategy: Is It Worth Buying Silver?
Calculation Example
Value
Coin Purchase Price
4000 RUB
Coin Sale Price
4500 RUB
Profit per Coin
500 RUB
Required Weekly Income
12,500 RUB
Number of Coins to Sell per Week
25 pcs.
Investing in silver serves different purposes. Some collect coins for pleasure, others build a long-term portfolio, and some engage in active trading, earning on price differences. A speculative strategy requires significant volumes to generate a tangible income.
Making forecasts for the silver market is a thankless task. This market is quite manipulative and smaller than the gold market. Its value also depends on industrial demand, which can decrease during economic crises. A sensible strategy is to regularly buy the metal at different prices to average out the total cost of investments in the long term.
Forecasts and Strategy: Is It Worth Buying Silver?