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<p>[QUOTE=&quot;AthensHunter, post: 1245221, member: 29025&quot;]Thanks for the reply. I know that problem common coins are a no-go and would not appeal to most (any?) collectors, but that&#039;s why I asked about rare problem coins. I simply can not believe that, given the opportunity, <b>any</b> coin collector would pass up a extremely rare, valuable coin because it has a problem, given that the price was so low that it made it a no-brainer. That&#039;s my question here. I realize that you wouldn&#039;t want to have a 1921 Morgan with a hole in it--obviously. But at what point does it become &quot;worth it&quot; to invest in a problem coin with a very low mintage or otherwise extremely high value? </p><p><br /></p><p>Would you pay 5% of the normal value of a particular coin for an example that had a problem? That&#039;s where my question regarding the 1796 half came from. To immediately declare that <b>no</b> problem coin is worth investing in and that its value is only melt is broadly jumping the gun, to say the least, in my opinion. I simply cannot believe that every collector thinks that way. At what point do you say, &quot;ok, I realize this coin has a deep scratch and wouldn&#039;t pass grading at X grader, but I simply cannot pass it up at $xxx&quot;? Is that number 5% of the problem-free counterpart value? 10, 15, 20%? How would you decide the value of a problem coin compared to a comparable-conditioned (minus the &quot;problem&quot;) problem-free coin? I know that PCGS and NGC will now slab problem coins, albeit without a grade and a strictly-details only label. Is that, in some way, acknowledgement that problem coins do have at least some collector desirability (aside from a way to make more money, heh)? I realize most long-time collectors who have thousands and thousands of dollars to spend on coins will scoff at the idea, but is it a feasible investment to make for the future? Assume a coin with a mintage of 5,000 is worth $10,000 for an AU55 and a few hundred as a problem coin today. In 50 or 75 years when the AU55 example is at $17,500, would that problem coin have increased in value at all, or would it have remained forever stagnant as a problem coin? </p><p><br /></p><p>Just something to think about and discuss.[/QUOTE]</p><p><br /></p>

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