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<p>[QUOTE="jaytant, post: 187474, member: 6902"]Yup! There are a lot of commodities investors out there, who could buy a mint sealed 500 coin green box at bullion value (say $13) - open it, wash his coins in vinegar with some seasoning, play frisbee with them, pelt a few at the annonying neighbors dog and then store them in his freezer in between his steak. If bullion goes up to $14 then he could sell them at $500 profit and be quite happy!</p><p>Of course as of last year, silver can now be traded like a stock (an ETF), and physical possession of silver is not required anymore (except by the fund issuer), so more and more bullion coins show up in the hands of collectors/coin investors...</p><p>I speculate that there is a face value on coins in the first place because it represents a govenment gaurantee about the product (that this can actually be used as our currency)... but the I'm not an economist and could be wrong![/QUOTE]</p><p><br /></p>
[QUOTE="jaytant, post: 187474, member: 6902"]Yup! There are a lot of commodities investors out there, who could buy a mint sealed 500 coin green box at bullion value (say $13) - open it, wash his coins in vinegar with some seasoning, play frisbee with them, pelt a few at the annonying neighbors dog and then store them in his freezer in between his steak. If bullion goes up to $14 then he could sell them at $500 profit and be quite happy! Of course as of last year, silver can now be traded like a stock (an ETF), and physical possession of silver is not required anymore (except by the fund issuer), so more and more bullion coins show up in the hands of collectors/coin investors... I speculate that there is a face value on coins in the first place because it represents a govenment gaurantee about the product (that this can actually be used as our currency)... but the I'm not an economist and could be wrong![/QUOTE]
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