Message:

<p>[QUOTE=&quot;JoshuaP, post: 26649843, member: 114157&quot;]Good morning!</p><p>&nbsp;&nbsp; &nbsp; There may already be discussions going on about this topic, but I will start another as I just returned home from a six-week trip. Silver is over $93 an ounce and I left when it was in the $70&#039;s. Wow. As a student, I have not put a lot of money into my collection for a while but rather see it as fluid. I buy and sell when there is profit to be made, although I have a small pile that I really don&#039;t want to sell. My wife&#039;s lack of interest in the hobby keeps me limited. My collector&#039;s heart still has a hard time as seeing <u>everything</u> as fluid! I mean, what do you do when you stumble on a 1901 S quarter?! You gotta keep it at least a year....!</p><p>&nbsp;&nbsp; &nbsp; In any case, I get my pleasure out of helping my dad build his collection. The family joke is that I will inherit it one day, so I am building my own inheritance. If that is true, I wouldn&#039;t mind, but in the present, a shared interest in coins has been a great connecting point for us. His interest is very broad, while mine has been more focused. His foreign coin collection fills a large gun safe, and he collects dates and mint marks of every US coin in any condition. I have generally focused on type in only higher grades. He gives me lists of coins he is missing, and when I stumble across something he needs, I generally sell it to him at my cost (family, you know). </p><p>&nbsp;&nbsp; &nbsp; As I have helped him, I try to feed him only higher-grade coins. However, as silver rises, premiums get wiped out. Take for example an average Roosevelt dime collection or Franklin half dollar book. There aren&#039;t really any key dates, so premiums go into condition instead of scarcity. I find this very interesting. A year ago, most average circulated coins cost melt, and better grades just a hair over. Now everything appears to follow the ebb and flow of the spot price. I get the feeling that collecting has now turned into hoarding.</p><p>&nbsp;&nbsp; &nbsp; If someone were to begin collecting coins, it seems like now is a good time to buy higher grade specimens at spot. I am not sure when premiums will rise again, but I don&#039;t see it currently. I wonder then, is it better to focus on rarer dates that have not been touched by the silver tide yet? My dad has even asked me about selling lower grade coins and using the money to buy higher grade ones. That sounds like a good idea. </p><p>&nbsp;&nbsp; &nbsp; Anyway, there are a few meandering thoughts.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in