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<p>[QUOTE="doug444, post: 1885532, member: 38849"]But duk, you're missing the point, sort of. Here is an area where a Buyer can reduce risk; tools, autos, whatever, are a whole different situation. You reduce your risk by not paying outlandish premiums for common bullion coins that happen to be extra nice.</p><p><br /></p><p>Worst case, you...will...lose...that...premium at the other end. Tools, cars, etc., have a fundamental utilitarian value; bullion coins don't. The collector is either a numismatist or a stacker, one or the other. The two flavors are somewhat incompatible. The numismatist weighs the decision between MS63 and MS65, for instance. The stacker buys the cheapest gold or silver he can find, especially in a convenient and recognizable form. Nothing a stacker buys is ever graded or slabbed. As soon as the numismatist decides to avoid bullion-ish coins, then grading comes into play. Buta couple years after hyperinflation sets in (if it does), then the rare coin market shrinks drastically. The average person like you and me can't affrd to "buy coins" -- there are too many other necessities to buy first. No one will be buying AU Mercs to upgrade their set. No one will be buying proof sets to sit and gaze at. If these things come along in the course of ordinary commerce, you might keep them for nostalgia, unless the kids need shoes or the family's tired of macaroni and powdered government cheese.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1885532, member: 38849"]But duk, you're missing the point, sort of. Here is an area where a Buyer can reduce risk; tools, autos, whatever, are a whole different situation. You reduce your risk by not paying outlandish premiums for common bullion coins that happen to be extra nice. Worst case, you...will...lose...that...premium at the other end. Tools, cars, etc., have a fundamental utilitarian value; bullion coins don't. The collector is either a numismatist or a stacker, one or the other. The two flavors are somewhat incompatible. The numismatist weighs the decision between MS63 and MS65, for instance. The stacker buys the cheapest gold or silver he can find, especially in a convenient and recognizable form. Nothing a stacker buys is ever graded or slabbed. As soon as the numismatist decides to avoid bullion-ish coins, then grading comes into play. Buta couple years after hyperinflation sets in (if it does), then the rare coin market shrinks drastically. The average person like you and me can't affrd to "buy coins" -- there are too many other necessities to buy first. No one will be buying AU Mercs to upgrade their set. No one will be buying proof sets to sit and gaze at. If these things come along in the course of ordinary commerce, you might keep them for nostalgia, unless the kids need shoes or the family's tired of macaroni and powdered government cheese.[/QUOTE]
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Pre-1933 Gold certified coin?
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