Will “numismatic” or “collectible” coins be immune against silver confiscation?
There is certainly more than one silver coin dealer who is encouraging investors to purchase “numismatic” or “collectible” silver coins at highly inflated prices by claiming for one that such coins would be exempt from government confiscation of silver. The reality is that nothing could be further from the truth.
Even if we assume for a second that a government(s) won’t confiscate numismatic or collectible coins, then one must accept that most silver coins marketed and sold as “numismatic” or “collectible” coins are in reality not anything of the kind. It is 9 times out of 10 ordinary silver coins with no real value besides the value of the silver content which are sold at ridiculous high premiums or mark-ups. True numismatic or collectible silver coins are extremely rare and purchased for qualities beside the value of the silver content. Silver coins in the first category can therefore not be expected to be immune against silver confiscation; even in the instance where an iron clad guarantee is given that government won’t confiscate numismatic or collectible coins. In fact, Silver Bullion is of the opinion that when they start confiscating silver, the last thing they will look at is numismatic or collector’s value.
Needless to say, the silver investor must always try to buy silver coins as close as possible to the value of the silver content whether the coins can be classified as numismatic or not.