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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="krispy, post: 1039499, member: 19065"]These terms are somewhat colloquial in the hobby for collectors and those who buy very low grade coins for investment in precious metals as opposed to their numismatic value. They are worth the investment because they have been coined and thus carry the authenticity of known purity of the government that minted them.</p><p><br /></p><p>Slicks are very, very heavily worn coins, quite smooth or flat, missing a lot of original mass and lacking the details and quality a collector normally seeks. This to me is part of the problem involving coins of varying weights in a 'bullion investing' discussion. Basing junk silver on face value but for which the overall amount of silver you are buying is less than precise, and potentially problematic to such a thread. Values differ from dealer to dealer and are not what are being used to cite the daily bullion spot prices in the markets that this thread goes by. I can hardly write this explanation without gingerly navigating a mine field of a discussion about this, so I am trying to be a bit vague and keep a distance from <i>going there</i>, as I mentioned earlier.</p><p><br /></p><p>Thanks for the nice complement on my explanations. I know my sentences run on and on, so I'm far from a formal English instructor, but I appreciate your thoughts. </p><p><br /></p><p>Happy pre-holiday to you too Lucy. Hope you have a nice and enjoyable week.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1039499, member: 19065"]These terms are somewhat colloquial in the hobby for collectors and those who buy very low grade coins for investment in precious metals as opposed to their numismatic value. They are worth the investment because they have been coined and thus carry the authenticity of known purity of the government that minted them. Slicks are very, very heavily worn coins, quite smooth or flat, missing a lot of original mass and lacking the details and quality a collector normally seeks. This to me is part of the problem involving coins of varying weights in a 'bullion investing' discussion. Basing junk silver on face value but for which the overall amount of silver you are buying is less than precise, and potentially problematic to such a thread. Values differ from dealer to dealer and are not what are being used to cite the daily bullion spot prices in the markets that this thread goes by. I can hardly write this explanation without gingerly navigating a mine field of a discussion about this, so I am trying to be a bit vague and keep a distance from [I]going there[/I], as I mentioned earlier. Thanks for the nice complement on my explanations. I know my sentences run on and on, so I'm far from a formal English instructor, but I appreciate your thoughts. Happy pre-holiday to you too Lucy. Hope you have a nice and enjoyable week.[/QUOTE]
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2011 GOLD high $1,500.00, SILVER high $24.00
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