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<p>[QUOTE="Vess1, post: 636665, member: 13650"]Yeah. Me too. Sometimes I just feel like buying a coin for the look of it or the history of it. Maybe just for the fun of it. The price is likely low to begin with. So sometimes I'm willing to pay a few extra dollars more than something is worth rather than leaving it behind. I do this occasionally. I'm glad low end, 150 year old coins are still relatively abundant and affordable. Some day maybe they won't be? </p><p><br /></p><p> I agree, maybe some coins should be X'd and sent to the melting pots. I've seen many that we could live without. But I would hate to see that get carried away. And the next thing is, who's going to be willing to do that? Who's going to deface a $20+ value holed dime, despite damage or condition and send it in to be melted at a loss? The answer: NOBODY! And it only gets worse as you go up. Nobody's going to send a rare, but damaged, cleaned, scratched, doctored, $1000 quarter eagle in and get paid back the melt value for it. It comes down to the fact that we're going to be stuck with buyer beware like anything else.</p><p><br /></p><p> As for strictly uninformed investors paying thousands for slabs (not the coins in them), I really don't care what they do. They will lose like everybody that stuck 100% of their wealth into the Madoff scam. If people have more money than sense, and no desire to learn, there's nothing anyone can do for them. If they don't lose it on bad coins, they'll lose it in some other scam.</p><p><br /></p><p> I'm sure there's a huge market that has accumulated all the rejects and problem slabs, strictly set up to scam people. They're making a fortune no doubt. It's probably most of the adds you see in magazine articles for slabbed, 'uncirculated', unseen coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 636665, member: 13650"]Yeah. Me too. Sometimes I just feel like buying a coin for the look of it or the history of it. Maybe just for the fun of it. The price is likely low to begin with. So sometimes I'm willing to pay a few extra dollars more than something is worth rather than leaving it behind. I do this occasionally. I'm glad low end, 150 year old coins are still relatively abundant and affordable. Some day maybe they won't be? I agree, maybe some coins should be X'd and sent to the melting pots. I've seen many that we could live without. But I would hate to see that get carried away. And the next thing is, who's going to be willing to do that? Who's going to deface a $20+ value holed dime, despite damage or condition and send it in to be melted at a loss? The answer: NOBODY! And it only gets worse as you go up. Nobody's going to send a rare, but damaged, cleaned, scratched, doctored, $1000 quarter eagle in and get paid back the melt value for it. It comes down to the fact that we're going to be stuck with buyer beware like anything else. As for strictly uninformed investors paying thousands for slabs (not the coins in them), I really don't care what they do. They will lose like everybody that stuck 100% of their wealth into the Madoff scam. If people have more money than sense, and no desire to learn, there's nothing anyone can do for them. If they don't lose it on bad coins, they'll lose it in some other scam. I'm sure there's a huge market that has accumulated all the rejects and problem slabs, strictly set up to scam people. They're making a fortune no doubt. It's probably most of the adds you see in magazine articles for slabbed, 'uncirculated', unseen coins.[/QUOTE]
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