| Am I asking the right questions......
I joined cointalk today and had a couple of questions. I have tried to find out if there are any threads on these subjects but I can’t see any, maybe I just did not look hard enough
First – I believe that one day sooner than later the dollar will totally tank and that precious metal will be the only viable media of exchange. May happen I do not know. So I buy bullion at spot price. Is this a good idea? Wish I could get gold but alas out of my price range and I like something.
The other question I have is when the mint stamps out a Silver Eagle why are some graded as MS70(or any grading at all) and some are just for bullion circulation. I understand that if someone really believes that their ANACS MS70 graded Silver Eagle is worth $99.95 like on the TV shopping channels or at a coin dealer they will pay that price. However, most dealers will not give anywhere near that for the coin when they buy it back. I asked several local dealers. So is the coin graded just so that a dealer or the US Mint can make more money. Also it just hit me. When the mint puts out the coin say Silver Eagle, how does ANACS or PCGS or NGC get a hold of it to grade it? Since the dies are perfect how can there be that much difference in coins to warrant some being worth $100 instead of spot cost.
Just a wonderin’……
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