The Keen Curator – A New Way to Buy and Sell Coins Online

If you’ve been collecting for any length of time, you know the drill. You find a coin you love, maybe a nice Morgan or a graded Gold Eagle, and then comes the part nobody really enjoys – figuring out where to sell it when the time comes. eBay takes their cut. Auction houses take their cut. Even some of the dedicated coin platforms have started tacking on seller fees that eat into what should be your profit.

We’ve been working on something that we think a lot of collectors will appreciate.

What Is The Keen Curator?

The Keen Curator is a marketplace launched for collectors who want a straightforward place to buy and sell. It started with coins and bullion – but it’s grown to include other curated collectibles like vintage watches, rare playing card decks, paintings, and estate jewelry. The idea was always to keep it focused on quality pieces rather than becoming another everything-and-the-kitchen-sink platform.

For coin collectors specifically, you’ll find the same kind of material we’ve always gravitated toward: CAC, PCGS, and NGC graded pieces, interesting world coins, classic US type coins, and bullion from recognized mints. Nothing that makes you wonder what you’re actually buying.

The Seller Side – No Fees, Seriously

Here’s the part that we think matters most to fellow collectors: you can sell your coins on The Keen Curator completely free. No listing fees, no final value fees, no monthly subscription. You make an account, upload your photos, write your description, set your price, and that’s it. Buyers can make an offer, you get an email and can reply directly to the email or through your seller portal to arrange for payment/shipping.

We know what you’re thinking because we’d be thinking the same thing – what’s the catch? There isn’t one, really. The site makes money when we sell our own inventory, possible promoted listings later on, and the marketplace exists because we genuinely believe collectors should have a place to buy and sell directly without some corporation taking 13% off the top every time.

The listing process is pretty simple. Good photos matter (you probably already know this if you’ve sold anything online before), and the search on the site supports some nice filtering options – you can search by multiple terms, exclude words, that sort of thing. Makes it easier for buyers to actually find what they’re looking for instead of scrolling through hundreds of unrelated listings.

What’s Listed Right Now

At the time of writing, the inventory leans heavily toward graded US coins. Peace Dollars, Gold Eagles, some nice classic commemoratives, a few world pieces like Swiss gold and Chinese Pandas. The bullion section has modern government-issued pieces, and there’s a growing selection of vintage watches for collectors who overlap into that world (more common than you’d think, honestly).

New sellers are starting to list their own material too, which is exactly what we were hoping for. The more collectors who participate, the better the selection gets for everyone.

Worth a Look

If you’re in the market for coins or just want to browse what’s available, head over to thekeencurator.com and take a look around. And if you’ve got coins sitting in a safe that you’ve been meaning to sell, consider listing them there. The worst case scenario is that it doesn’t sell and you’ve spent five minutes taking photos. The best case is you connect directly with another collector and keep every dollar of your sale. Your listings can be made inactive (hidden from public) or deleted entirely, at any time.

We’ll be posting the usual coin profiles, guides, and news here on KMS Coin – that’s not changing. But The Keen Curator is the other project we’ve been putting time into, and we figured it was about time to formally introduce it to the collectors who’ve been following along here.

Questions about selling or the platform in general? Drop a comment below or use the contact form on either site. Happy collecting.

Silver, Gold, Platinum; Which Metal Should I Buy?

Scottsdale Silver - .999 Fine Silver 10 Troy Ounce Poured Bar
Scottsdale Silver – .999 Fine Silver 10 Troy Ounce Poured Bar

If you’re new to metal investing and aren’t quite sure which to start with, No worries, you’re not alone. Many veteran stackers will say, why not all them? While we definitely recommend owning a diversified range of metals, for the new investor jumping directly into gold or platinum (a similarly priced metal) can be a bit tricky with high spot pricing and premiums. Starting out with silver is often the best bet.

Silver is a relatively low cost semi precious metal to begin investing, with pricing hovering around $16 per troy ounce at the time of this article.  Virtually everyone can start with silver whether it be just an ounce a month, or a tube of 20 ounces every bit adds up. Another benefit with silver is the increased liquidity in the event you need to sell for quick cash. Most coin stores or other places that buy metals shouldn’t have a problem with buying higher valued metals like gold or platinum, but with silver you should never have any trouble immediately selling up to a 20 ounces of bullion.

As you stack more and more silver many will find that storage becomes an issue. You’ll want to securely store your metals, and with silver this storage space can quickly become sparse. This is often the point when new investors can begin looking into palladium, gold, platinum, and rhodium. You simply some of your silver for these other metals either by a direct trade with a store or individual, or by quickly selling and then immediately buying the sold value worth in the higher priced metal.  This will allow for more storage while maintaining your overall metal portfolios value. With approximate price per troy ounce ratios to silver at the time of this article as follows:  72:1 for gold77:1 for platinum50:1 for palladium80:1 for rhodium. Certainly these ratios have historically been very different than current market values, although the general consensus remains the same. The consensus that you can trade up your stack of many semi precious silver bullion coins or bars for just 1 coin or bar of a precious metal with the same value.

An alternative to self storage would be one of the many vault services offered where a separate entity will secure your physical metals for a small fee. We usually advise against such services as most investors are able to sufficiently secure there metals by themselves with 100% control over there whereabouts. If you are one who truly doesn’t have the space or the means to securely store your metals, then these services can be a viable option.

20141ozAmerican-Silver-Eagle-BU
2014 – 1 ounce American Silver Eagle Bullion Coin

All the information up to this point in the article has been in regards to raw bullion coins and bars. Raw metal bullion which closely follow the international spot pricing. There are different types of investments that can protect or hedge as many call it, against the volatility of the raw spot price. Below is a brief list of the available types that apply to any of the mentioned metals.

Raw Bullion – Tier 1 : (average premiums 0.5%-10%)
Raw bullion is most often mass produced by government or privately owned mints throughout the world. These modern bars and coins will have the lowest premiums. However as noted above, the volatility is among the highest. Almost all of their value is based on the international spot price which can fluctuate wildly on worldwide demand and turmoil. Occasionally the spot values change for seemingly no reason at all. While we rarely recommend handling of unprotected coins, the private minted bullion is usually OK to handle and store without worrying about condition or collectibility. Some examples of tier 1 raw bullion include: 1 oz. bullion American Silver Eagle, 1 oz. bullion American Gold Eagle, 1 oz. bullion American Platinum Eagle, Canadian Maple Leaf, United Kingdom Britannia & Sovereign, Chinese Panda bullion, Austrian Philharmonic bullion, private mint coins and bars, raw bullion “shot” and scrap.

Uncommon & Graded Bullion Coins – Tier 2 : (average premiums 10%-50%)
With higher premiums over raw bullion, uncommon & graded bullion will offer an added layer of protection against the spot value. A large portion of the coins value remains from its “melt” value. Some examples of tier 2 uncommon & graded bullion coins include: PF69, MS69, PF70, or MS70 graded bullion, proof government minted bullion coins, uncommon or popular style and date bullion.

Rare Bullion & Common Numismatic Coins – Tier 3 : (average premiums 50% +)
The premiums for tier 3 coins will vary quite drastically depending on a multitude of features. Experience with collectible coins and knowledge on where to obtain proper values will be needed for buying coins of this tier. Condition will play a large role in the value with a fairly small amount attributed to its metal content. Some examples of tier 3 rare bullion & common numismatic coins include: Common date Morgan & Peace Silver Dollars, Uncirculated pre-1965 US silver coins, circulated Barber silver coins, rare date US Commemoratives, common graded and non-graded pre-1933 US gold coins.

Uncommon Graded Numismatic Coins – Tier 4 : (numismatic value well above spot)
Tier 4 coins are always graded by one of the top graders: PCGS, NGC, or ANACS. Values are determined almost exclusively from condition and rarity, while many have virtually no intrinsic value; such as copper or nickel. Because of their collectibility, values are essentially unaffected by market spot metal pricing. A general rule can be applied based on pricing at the time of this article: most silver, copper or nickel coins valued over $500 and non-modern gold coins valued over $1000 qualify for tier 4 status. A few exceptions exist, for example; coins that are of a common date or mint mark, but of a high grade. Some examples of tier 4 uncommon graded numismatic coins include: High grade common date Morgan Silver Dollars (>MS66), brilliant uncirculated Barber silver coins, mid grade pre-1933 US gold coins, 1921 Peace Dollar (>MS63), pre-1955 US proof coins particularly with cameo effect.

Rare Graded Numismatic Coins – Tier 5 : (numismatic value substantially above spot)
The highest tier is reserved for the rarest of coins composed of any metal. Tier 5 coins are always graded by one of the top graders, most include a secondary grade confirmation such as PCGS “Secure Plus” or CAC.  We don’t specify a particular price of which coin is considered tier 5, rather a particular feature or combination of the following features. Near highest grade available, Low population for the type/grade, and very high collector demand. With values literally higher than most can afford the range is quite extensive. Some examples of tier 5 rare graded numismatic coins include: Top grade Morgan Silver Dollars (MS68 or higher), high grade Morgan Silver Dollars with deep mirror cameo effect (>MS66), brilliant uncirculated/mint state rare key date coins, proof pre-1933 US gold coins, top grade early US coins (1792-1850).

2012 Gold Eagle - $50 Face Value
2012 – 1 ounce American Gold Eagle Bullion Coin

 

In our opinion a well rounded collection would consist of somewhere around…
40% Tier 110% Tier 230% Tier 320% Tier 4.

You may find you’re more into the collecting numismatic side of coins of which you can increase your tier 3 and 4 percentages. There’s also no shame with collecting mostly tier 1 raw bullion, although you must be ready for the infrequent changes in spot value. If you are fortunate enough to posses even one of a tier 5 coin than by all means keep stacking. Let us know your thoughts on this article and if you’re an established collector what is your current percentages of the 5 Tiers.