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Message:: [QUOTE="GDJMSP, post: 3125919, member: 112"]A lot of folks think that just because a coin is old it is valuable, over and above its metal value. The think the age of the coin and the fact that it's not made anymore gives it numismatic value. But this is not the case at all. Take Saints for example, or Libs, in any denomination. Common date examples of these coins, even those slabbed and graded as high as MS63, and even MS64 in some cases, typically sell for about 10% over melt value. And sometimes even less than 10% over melt value. I have even purchased them for less than melt in some cases. And they have sold in this price range for decades, and likely will continue to sell in this price range for decades. The same thing applies to gold coins, and silver too, from countries around the world. Most of them are thought of as being little more than bullion. You can literally buy them for about the same price as you would a small gold bar of the same weight of gold, and or silver. Many are surprised by this, nonetheless it is true and always has been true. It is only when a coin of a given date/mint, denomination, country has some scarcity and is of a high grade for that issue (and high grade can vary from VF on up in some cases) that the coin has numismatic value.[/QUOTE]