Silver cool, or silver fool?

in steemsilvergold •  6 years ago  (edited)

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Yep, the Royal Mint has gone and done it again.... They've gone and release another limited edition, silver proof coin and are charging an absolute fortune!!

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Each coin is £60.... That's a lot of money for such a small amount of silver but as always the demand for these RM coloured coins are always high. So I managed to get my hands on 5 of these (14610, 14652, 14886, 14890 & 14906) at a cost of £300.

You must think I'm a silver fool??

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But this is where the fun starts, with just a tiny mintage of 15,000 (silver proof), the prices have already hit £200 per coin on the secondary market.

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I wish I had gotten a few more now. They did limit them to 3 per person, per day and they sold out online and in store on the first day.

So I'm guessing that this time it's "silver cool"

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Collectable value for sure, I say go with the greater fool theory, sell at the high, buy low, traditional financial laws.

Sound advice and a sure way to stock up on more cheap silver.

Thank you for your continued support of SteemSilverGold

Thank you Precious.

  ·  6 years ago (edited)

Very nice pieces welshie — even with the primo!

🤪🥊⚡️🍆

Keep one for 1/2pint (he's worth the premo's). The rest will be sold to buy some generic silver to play the "How much cheap silver I can get game"

Lol! That’s a good name for it! 😜👍

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Hey maybe the will increase even more in price as time goes on, but hopefully you can flip them for a quick profit to reinvest in something else if you want to. As it stands now, I think you are doing pretty good.

This is my plan: I've already sold 2 and recouped my initial outlay and a little profit. I'll keep the last 3 for a while and see if the price spikes once the rush to sell now is over.

I am a new user in Steemit, please guide me, thank you for your visit that I really hope

I am a new user in Steemit, please guide me, thank you for your visit that I really hope