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<p>[QUOTE=&quot;cladking, post: 301049, member: 68&quot;]This isn&#039;t my specialty.&nbsp; </p><p><br /></p><p>I see nothing wrong with collecting, dealing, slabbing, or promoting such coins but they are outside my area of expertise.&nbsp; I do have some interest in proof sets and the like and have set a few aside over the years when they are highly gem but I haven&#039;t studied them and have never sold any slabbed or raw.&nbsp; Generally I believe these are undervalued in many cases just like the mint state coins so am simply holding at this time.&nbsp; </p><p><br /></p><p>Some might think it&#039;s hypocritical to tell people not to invest in coins while I&#039;m doing it myself but this is how I learned what a bad idea such investments are.&nbsp; Yes, I&#039;m probably in a pretty strong profit position but it&#039;s come at costs and a tremendous amount of work.&nbsp; I have a large part of my life tied up in these.&nbsp; </p><p><br /></p><p>I&#039;ve never hidden my interest in the coins from a promotional standpoint or as a speculation.&nbsp; </p><p><br /></p><p>I do still consider myself a collector first and foremost.&nbsp; </p><p><br /></p><p>I rarely admit this but I&#039;m no big fan of slabs either.&nbsp; They&#039;re important from a hobby standpoint but every collector should strive to not need them.&nbsp; </p><p><br /></p><p>It seems highly improbable that slabs are going to go away.&nbsp; </p><p><br /></p><p>I&#039;ve never suggested anyone buy slabbed PR-69 or 70 coins.&nbsp; If people ask for collecting advice about proofs I usually suggest they look at a few proof sets and buy a nice one.&nbsp; When they develope the eye to spot the nuances that make a coin PR-70 then they might want to buy a slab or look at larger numbers of sets to obtain the higher grades.&nbsp; I&#039;ve never said this at all but the 70&#039;s could have market vulnerability if large numbers of the collectors can&#039;t tell them from the lower grades.&nbsp; You can&#039;t build a stable market on a distinction that most people can&#039;t see.&nbsp; Please don&#039;t misunderstand;&nbsp; there is a difference and there are market participants and slabbers who can differentiate these.&nbsp; </p><p><br /></p><p>There&#039;s really not much difference to the mint state coins except these come in a far wider range and many of these were not produced at all for collectors.&nbsp; Despite what many naysayers claim there are not substantial numbers of all moderns.&nbsp; Large mintages mean nothing if coins weren&#039;t saved and many moderns had very low mintages.&nbsp; This is a very broad area of collecting and blanket statements simply don&#039;t apply.[/QUOTE]</p><p><br /></p>

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