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<p>[QUOTE=&quot;GDJMSP, post: 2016670, member: 112&quot;]The point that Chris is making is that when the spot price drops dealers would rather gamble and hope that the spot price goes back up in the near future than they would sell at a loss. So they wait and refuse to drop their prices.</p><p><br /></p><p>It is usually only when they are forced by circumstances to sell at a loss that they do so.</p><p><br /></p><p>To answer Doug&#039;s question, it is only the common date gold, and/or silver, coins that trade at or near spot. So only those specific coins are even affected by a change in the spot price. And if you are going to buy and/or sell those common date coins then yes you stand the same risk of making or losing money as the spot price changes. In other words, common date coins are nothing more than chunks of bullion.</p><p><br /></p><p>The spot price can rise or fall hundreds of dollars in an instant even, and that will have no effect on coins that have numismatic value. Their price will remain the same regardless of what happens to the spot price. So if you want to avoid the risk of the changing spot price, you only buy coins with numismatic value.</p><p><br /></p><p>Now that said, the value/price of coins with numismatic value also rises and falls. But the rise or fall has nothing to do with the spot price but rather the whims of the coin market itself. And anyone who cares to study the coin market can easily see that there have been increases and drops in value on a regular basis. The coin market is fickle, it rises and falls all the time, it is almost never static, nor does it only travel in one direction.</p><p><br /></p><p>There is always risk.[/QUOTE]</p><p><br /></p>

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