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<p>[QUOTE=&quot;Richard01, post: 81877, member: 2700&quot;]I also find it &#039;safer&#039; in a strange way. As you point out, when you buy a lot of silver coins at just above melt, the risk is small, and yet their is always the chance of pulling some nice coins worth 2x or more the melt value.</p><p>I have bought some large lots from an online wholesaler for about $1 per coin and while there are a lot of twenty cent pennies, I find that about 10% end up being $2 to $20 coins. </p><p>However, you spend $1,000 on an MS67 key date buffalo nickel and guess what? The odds are it was once an MS 66 or even 65. The resubmit game means that it goes back until someone get the grade they want, and then, when it is clearly maxed out, it is sold. So, you buy a coin that likely has gone through the numismatic peter principle...</p><p>Too much of that goes on. And the buyer of the high end coin gets stuck with a lot of risk that the next buyer would see it as an MS66 or lower... as they just may be smart enough to look past the plastic and see the coin.</p><p>I honestly can&#039;t tell an MS67 from an MS66. So, I would make mistakes. </p><p>With my nice G, VG or even up to XF, grading is generally very straightforward, and it is tough to really screw up (if you are being honest and using the right books and tools). So, I feel like my investment is protected. The pricing of the low grades moves up over time too, and yes, when my family sells my stuff off in (I hope) 50 years or more, valuation should be relatively straight forward.</p><p>and guess what!!!???</p><p>That rare key date is basically a key date in any condition! A CC mint mark morgan in G condition is still a CC mint mark, and you can own one without selling your car!</p><p>I have so many great coins that I&#039;d never own if, say, I collected at AU, or BU for those coins. My type set has some VG examples of the oldest and rarer coins I&#039;d never fill otherwise. I still love looking at them! Certainly I enjoy looking at them more than I would the holes that would be there if I was trying to buy AU or better (just try to pick up a nice AU early half cent, dollar, or half dollar without spending some big bucks!)[/QUOTE]</p><p><br /></p>

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