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<p>[QUOTE=&quot;medoraman, post: 3649107, member: 26302&quot;]You speak of a differentiation between graded and non graded coins like grading increases their value. I happen to be an ancient collector who almost all of us destroy and evil slab we happen to buy. Slabs are crutches for unknowledable collectors.</p><p><br /></p><p>Listen, you want to collect proof gold eagles, good for you. Just don&#039;t expect the market right now to pay you back that premium. Too many coins, too few collectors who want them. To most of us, any eagle is bullion, whether proof, 70, slabbed, whatever. The main demand for them is only the bullion they are struck in.</p><p><br /></p><p>If you wish to &quot;collect&quot; 70 proof eagles then good for you. However, I would say you fell into the trap I have written about extensively on the bullion board. Know what you are investing in. If you are investing in gold, you should pay as little premium as possible for recognizable gold. You fell into the trap of &quot;since it&#039;s a proof 70, the market thinks it&#039;s better and will always pay me back my premium&quot;. No, it does not work that way. If you want to collect, then simply acknowledge any premium you pay over bullion most likely is lost forever. </p><p><br /></p><p>It&#039;s a very common trap Alan. Silver &quot;investors&quot; get caught up paying too high of premiums for pretty coins all of the time, money most likely gone. This is FINE if it is your hobby and you are getting enjoyment out of it. If your goal was to invest in gold, though, it was stupid of you to buy PF70 slabbed coins. Plain honest truth sir. You bought the wrong product, and instead should have bought plain upgraded eagles and got more gold per dollar if investing was your intent.</p><p><br /></p><p>As to regulation, there is a reason the US allows US gold eagles in IRAs, and did not dictate PF 70 slabbed eagles. INVESTMENT should not be concerned with grade or proof strikes, it should be about the METAL only. </p><p><br /></p><p>Like I said, very common rookie mistake. Hundreds of posters just like you have come here after making the same. If you want to invest, buy as much metal per dollar, if you want to collect then by all means have fun whatever you enjoy. Myself, I collect mainly ancients for fun, considering any money spent on them down the drain. For bullion, I buy as cheap as possible per ounce. FWIW, I have bought PF 70 eagles at spot, along with MS64 St Gaudens, and lots of other coins most people pay hefty premiums for.[/QUOTE]</p><p><br /></p>

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