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<p>[QUOTE=&quot;doug5353, post: 2128976, member: 73555&quot;]If you have a lot of storage space, there&#039;s nothing wrong with 35% Jefferson war nickels and 40% 1965-70 Kennedy half dollars.&nbsp; Dealers hate them; now and then, they will sell below spot, just so they can acquire capital and concentrate on 90%.</p><p><br /></p><p>A real stacker buys only 90%.&nbsp; As you migrate toward numismatic coins, you buy ASEs or Maple Leafs, or even Brittanias or Philharmonics or Pandas, although they sell for big premiums over 90%, on an ASW basis.</p><p><br /></p><p>A buyer of 90% is NOT investing; he&#039;s hedging against an eventual fall of the dollar, as might happen if the dollar loses its reserve currency status.&nbsp; For over 30 years, the demand for the dollar has been based on the fact that other countries needed dollars to buy oil.&nbsp; If that function declines, those dollars will come back to the US and greatly inflate the money supply, bringing hyperinflation with them.</p><p><br /></p><p>People laugh at this analogy, but I don&#039;t care -- today, a silver dime buys a loaf of bread.&nbsp; Hyperinflation comes, bread jumps to $3-4 per loaf, but a silver dime may still buy a loaf of bread, as PMs rise alongside inflation.&nbsp; So what the stacker has done is preserve the buying power of his most liquid asset, coins and currency.</p><p><br /></p><p>He does NOT trade silver, eventually he will guess wrong and get whacked.&nbsp; In addition, as the price of PMs goes up, you lose the premium between 90% and numismatic coins.&nbsp; If silver reaches $50/ounce, for instance, a VG Barber half will be worth the same as a cruddy Franklin half -- the premium you paid today will have evaporated.&nbsp; You have to decide what you&#039;re going to be, numismatist or stacker.&nbsp; If your goal is to protect your capital, you&#039;re a stacker.&nbsp; If your goal is to build a nice coin collection out of 90% silver coins, 1-ounce 0.999 bullion coins, etc., then you&#039;re a numismatist.&nbsp; So why can&#039;t you do both simultaneously?</p><p><br /></p><p>Because to get nice numismatic coins, you pay a substantial premium, despite knowing that at a certain level of bullion prices, they&#039;ll all be worth the same.&nbsp; Now you may expect a dozen CT-er&#039;s to tell me I&#039;m crazy.&nbsp; No problemo.</p><p><br /></p><p>One last thought, if things come to the point that we&#039;re using 90% in everyday commerce, and you have silver dollars and foreign 1-ouncers, etc., who&#039;s going to make change for you?&nbsp; The guy with food or water or gas or ammo will say, that&#039;s my best offer for your silver dollars, take it or leave it.&nbsp; The same applies to my comments...[/QUOTE]</p><p><br /></p>

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