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anyone who would buy a 25th Anv ASE set is INSANE?
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<p>[QUOTE="Azpatriot, post: 1302677, member: 32979"]Fact of the matter is someday all bullion coins will become collectable; the question is if purchased today will it really be seen as collectable in the investors lifetime? Morgans, trade dollars were all nothing more then bullion currency in they're respective time, today the best of the lot are far more valuable as collectable then the bullion itself. I have bought PF69 ASE's here locally from people that wanted to dump them and sold them to me for $5 over silver spot, with that I have no issue but I myself don't see value in having modern coin's slabbed when they are going to come out damn near perfect and sealed from the mint in the first place. Considering that one graders idea of a 70 might be a 69 to another just does not sit right with me when it comes to modern bullion.</p><p><br /></p><p>Another thing to consider is this, say 100 years from now there will be far more preserved coins then ever before and quite honestly it should effect the market. My trade dollars that have chop marks over them or my Morgans have all been out in circulation. Someone somewhere in San Fransisco 134 years ago stamped my trade dollar with chinese writing before it was sent off on a ship to Canton or Shanghai, that is real history. Conversely someone getting a 2011 eagle and having it placed and sealed in a airtight container and putting it in a waterproof safe with silicon packets is not quite as romantic.</p><p> </p><p>For those who want to collect modern coins and eventually pass off to grand children/ great grand children I would suggest not spending the money on grading, keeping them in the 25 cent airtights and let the eventual heirs determine the value of grading 60-70 years later. We might find out that these millions upon millions of graded modern coins do not appreciate numismatic wise the same way as their predecessors TD, Morgans etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Azpatriot, post: 1302677, member: 32979"]Fact of the matter is someday all bullion coins will become collectable; the question is if purchased today will it really be seen as collectable in the investors lifetime? Morgans, trade dollars were all nothing more then bullion currency in they're respective time, today the best of the lot are far more valuable as collectable then the bullion itself. I have bought PF69 ASE's here locally from people that wanted to dump them and sold them to me for $5 over silver spot, with that I have no issue but I myself don't see value in having modern coin's slabbed when they are going to come out damn near perfect and sealed from the mint in the first place. Considering that one graders idea of a 70 might be a 69 to another just does not sit right with me when it comes to modern bullion. Another thing to consider is this, say 100 years from now there will be far more preserved coins then ever before and quite honestly it should effect the market. My trade dollars that have chop marks over them or my Morgans have all been out in circulation. Someone somewhere in San Fransisco 134 years ago stamped my trade dollar with chinese writing before it was sent off on a ship to Canton or Shanghai, that is real history. Conversely someone getting a 2011 eagle and having it placed and sealed in a airtight container and putting it in a waterproof safe with silicon packets is not quite as romantic. For those who want to collect modern coins and eventually pass off to grand children/ great grand children I would suggest not spending the money on grading, keeping them in the 25 cent airtights and let the eventual heirs determine the value of grading 60-70 years later. We might find out that these millions upon millions of graded modern coins do not appreciate numismatic wise the same way as their predecessors TD, Morgans etc.[/QUOTE]
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anyone who would buy a 25th Anv ASE set is INSANE?
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