my trip to the coin dealer today

Claygump, think of it this way. You've now got two markets, each of which move independently from one another, holding that paid-in value up: the numismatics market, and the precious metals market. It's like the logic behind redundant systems; when one system fails, you've got the other system to fall back on. Back when there was a big disparity, you only had one market, the numismatics market. Your point is well-taken, though. That doesn't all of the sudden make these a "good bargain." It does inspire a higher level of confidence, though, that the coins will hold their paid-in value. But, I agree, that's about it.

 

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