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<p>[QUOTE=&quot;Azpatriot, post: 1261973, member: 32979&quot;]Went through a little research and spoke with some local dealers today...picked up a &#039;21 Morgan PGCS MS64 for $70.00 and a &#039;23 Peace Dollar PGCS MS63 for $55. I look at the cost of the coin, subtract out $15 for the grading and say ok I paid $13 over spot for the Morgan and got the Peace for under spot.</p><p><br /></p><p>The grading does hold some value to people especially to those interested in circulated coins. He grabbed a 4yr old guide..(don&#039;t know the name of what the dealers use but seems to be a weekly issue) and that same Morgan was selling for $165. He noted what they have seen and what they have heard from others in town and in the business is that the &quot;collectables&quot; had slowed down to a snails pace. People were selling the collectables in order to flip over to strait bullion; the market has become a bit saturated and it is forcing prices on down. All this to me appears to be an area of value where this flight to quantity over quality gives me an opportunity to pick up better stuff @ lower prices.</p><p><br /></p><p>Conversely should things get better we should see a flight from quantity back to quality at which time I should just be picking up bullion and not worry about the good stuff as the prices should rise.</p><p><br /></p><p>All of this is hypothetical, as stated in my opening post I figure best to be diversified. When I am 65/70 and wanting to move some of these coins I do not know if Quality or Quantity will be in play, however hopefully I will be able to go either way due to being diversified. I am beginning a 25 year process here, don&#039;t know if prices are going up or down...If I accumulate at all levels then it will all work out in the wash. </p><p><br /></p><p>I am not buying any gold now as for someone just starting. If I totally screwed up on that Anniversary Set then I made a $300 mistake...If I had bought that set in Gold it may end up being a $3000 mistake. Just getting my feet wet knowing that if next year silver is $20/oz then I can just buy double what I am buying now.[/QUOTE]</p><p><br /></p>

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