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<p>[QUOTE="BigsWick, post: 300308, member: 3534"]Perhaps my approach is a bit simplistic to some, and it doesn't maximize the potential profit to be made versus buying and selling gold or silver bullion at the right time, but neither do I consider common DEs as bullion (Leadfoot), certainly not in the same category as the AGE. Perhaps it is merely a matter of perception as a coin collector, however jaundiced. To be sure there is an enormous potential intrinsic profit to be made off of bullion under the conditions that have existed as of late, but I'm not so quick to dismiss the potential numismatic upside of holding actual coins.</p><p><br /></p><p>Historically we've seen the results of increased precious metal prices: Millions of coins melted for their value. The number of surviving examples decreased, their collectibility increased, and their value went up. No, I don't foresee gold hitting $2,500 an ounce in 2 or 3 years as some folks have predicted, but a marked increase in the price ($1,200 an ounce?) will undoubtedly encourage some folks to sell. Numbers go down, rarity goes up, value increases. Therein rests the rub.</p><p><br /></p><p>This discussion, however interesting, is tangential to my original question: I'm more interested in knowing what the community believes to be the future of the Peace dollar.[/QUOTE]</p><p><br /></p>
[QUOTE="BigsWick, post: 300308, member: 3534"]Perhaps my approach is a bit simplistic to some, and it doesn't maximize the potential profit to be made versus buying and selling gold or silver bullion at the right time, but neither do I consider common DEs as bullion (Leadfoot), certainly not in the same category as the AGE. Perhaps it is merely a matter of perception as a coin collector, however jaundiced. To be sure there is an enormous potential intrinsic profit to be made off of bullion under the conditions that have existed as of late, but I'm not so quick to dismiss the potential numismatic upside of holding actual coins. Historically we've seen the results of increased precious metal prices: Millions of coins melted for their value. The number of surviving examples decreased, their collectibility increased, and their value went up. No, I don't foresee gold hitting $2,500 an ounce in 2 or 3 years as some folks have predicted, but a marked increase in the price ($1,200 an ounce?) will undoubtedly encourage some folks to sell. Numbers go down, rarity goes up, value increases. Therein rests the rub. This discussion, however interesting, is tangential to my original question: I'm more interested in knowing what the community believes to be the future of the Peace dollar.[/QUOTE]
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