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Mail Bag – Should I Collect Presidential Silver Medals? – USCoinNews

today ’ s Mail Bag motion is one that I get quite much from boyfriend collectors are readers of USCoinNews.com. Is a coin, or in the case of nowadays ’ s question a decoration, worth collecting ? The interview comes from Bella ( who obviously is a boyfriend Coloradan ) and deals with the relatively fresh Presidential Silver Medals .

Hi, warm greetings from ( redacted city in Colorado ) I have a basic interview that I want your opinion on. I ’ ve been concern in collecting the new presidential eloquent medals offered by the mint. But they seems screen of expensive and I was wanting to know if they are worth collecting. I have never collected anything other than coins and not certain if this is a good decoration to start collecting.

Thanks, Bella

Like then many Numismatic items, the interview of the value or worth of the time and money spent to collect them truly comes down to personal choice and desires. My first and high level answer is yes, collect these medals if they appeal to you and these are a capital means to get into non-coin coin collect. If, however, you are looking for investment medals, these may not be the best option .
The Presidential Silver Medals, for those readers not familiar with them, are a relatively fresh series of 99.999 % pure silver medals offered by the United States Mint. The series was started in 2018 and finally will have one decoration for every President of the United States. To date, there are seven of them available for the first gear seven Presidents .
Bella, I personally love these medals and I began collecting them former last year. But I do have to disagree with you regarding the price. At $ 46 per one ounce ash grey decoration, I think this is a bit of a cover when you compare it to some of the other silver coins or medals offered by the Mint. As it stands right immediately, you could have the entire arrange of Medals available today for under $ 350 .
If your primary motivation is to have these medals is for investing, there are probably better options out there. The Mint has no mintage terminus ad quem on these medals and there is no family purchase limit. That means, in hypothesis, the Mint could be producing these medals for years if not decades after they are introduced. Barring a massive spike in the touch price of silver, I seriously doubt they will garner a lot value over their issue price.

Read more: coin collecting

ultimately Bella, the smasher of our hobby is the identity of our collections and interests. What appeals to me may not to you and vise-versa – or we may love the lapp thing as we do in these medals. There is no wrong suffice and there is no “ faulty ” thing to collect. If you like ’ em, collect ’ em ! I, for one, will continue to collect these medals as I love them .
Thanks for writing in Bella !
If you have a motion or remark, spell in using the form on the About page hera on the site .

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