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<p>[QUOTE="cmbdii, post: 4180, member: 655"]Sure, you can buy a quarter ounce gold coin they've denominated "ten dollars" for around $125 of the paper dollars. That certainly makes the paper look valuable, doesn't it?</p><p><br /></p><p> That doesn't make my comment invalid, more likely just a little ahead of its time. Give it a few more years and the $10 gold eagle will cost $500 paper dollars, if indeed the paper is still in circulation. there's one thing I can say for sure: Nobody ever went broke from buying gold and silver coins. The same can't be said for people who buy fad collectibles, which is what fiat money always turns out to be sooner or later. Lodz ghetto zincs are now worth money because they're scarce. Fiat coins with an issue of 500 million pieces per denomination/type aren't going to attain that status for centuries, probably.</p><p><br /></p><p> I know that some collectors are still dutifully buying the various sets foisted off on the unwary buyer by the mint as collectible coins, but I also know many collectors who simply don't care for any circulation coins struck after 1964.</p><p><br /></p><p> It's kind of like the hobby of collecting paper money. Some collectors value it as collectible and some don't. If one is collecting, or hoarding, for intrinsic value, there's a different aim for what one purchases.[/QUOTE]</p><p><br /></p>
[QUOTE="cmbdii, post: 4180, member: 655"]Sure, you can buy a quarter ounce gold coin they've denominated "ten dollars" for around $125 of the paper dollars. That certainly makes the paper look valuable, doesn't it? That doesn't make my comment invalid, more likely just a little ahead of its time. Give it a few more years and the $10 gold eagle will cost $500 paper dollars, if indeed the paper is still in circulation. there's one thing I can say for sure: Nobody ever went broke from buying gold and silver coins. The same can't be said for people who buy fad collectibles, which is what fiat money always turns out to be sooner or later. Lodz ghetto zincs are now worth money because they're scarce. Fiat coins with an issue of 500 million pieces per denomination/type aren't going to attain that status for centuries, probably. I know that some collectors are still dutifully buying the various sets foisted off on the unwary buyer by the mint as collectible coins, but I also know many collectors who simply don't care for any circulation coins struck after 1964. It's kind of like the hobby of collecting paper money. Some collectors value it as collectible and some don't. If one is collecting, or hoarding, for intrinsic value, there's a different aim for what one purchases.[/QUOTE]
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