Anybody else into stacking numi's as a hedge against a major takedown?
I've found a wonderful profit opportunity that grows as the price of silver increases. It started for me with Kooks. They used to command a higher premium, some of the 90's kooks even went for 40-50 bucks when the price of silver was low. Well the price of silver caught up and has overtaken them. I get Kooks for a lower premium then ASE's now. While there isnt a lot of profit in kooks it led me to look at what other numi's prices will get overtaken by the price of silver. That's where I got my namesake from. Next I spread to any "cool" silver my LCS's had. I started getting Maples with privy marks, perth lunar stuff, and then, even pandas for spot + 1.75. These things happen as the price of silver gains too fast for numi's to hold their value. I didnt think I had anything special until I hit Ebay and started checking prices. The thirty or so Pandas I'd paid about fifty bucks apiece for were selling in the hundreds range, with several pieces selling for over a thousand. I promptly started jumping up and down on the couch in a victory dance. I bought these solely for their silver content, and realized instant gains of 1000%+. The perth mint stuff can sell for as much as well depending on the mintage.
The key here is to buy this stuff as silver, at silver prices. Most of the mom and pop silver shops dont like ebay, its a hassle and they especially dont have the time now because they are running full speed in the scrap and junk game. The downside is that what you buy may only be worth silver if tshtf... but I'm only paying silver prices now anyways. The other downside is possible fakes. Educate yourself, buy a loupe, learn mintage numbers, and there are huge gains to be made even if you do buy a fake or two by accident.
My last buy gave me the greatest clarity into the situation. I bought 5 1994 pandas for spot + 8 bucks and a 1991 piedfort panda for spot plus 1.75. After the purchase the guy told me I had good timing because he was just about to send them off to melt!? Total insanity but knowing his business model it makes sense. He didnt have the time to check the prices because he was doing too much business, he wouldnt have had time to find a buyer because he's doing too much business, so if it sits on his shelf for more than a week or two it gets sent off to melt.
Sure now if I want to flip them on ebay I have to send them off to get graded which costs more money and time but if I pull some ms 69's then I will have 1000% ROI. If the Piedfort pulls a 69 (which I think it will) then its a minimum thousand dollar coin that I paid 88 bucks after taxes for. If it pulls a 70 by some miracle then we're talking crazy money.
A reason I mention hedge is because these guys lost no value during the takedown. Will they hold their value over a longer takedown? I dont know. Will they gain in value if silver slowly marches its way higher and higher? Definitely. If we ever reach a plateau I could see these guys continuing to rise as more and more people like me get bored with stacking generic bullion.