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<p>[QUOTE="medoraman, post: 3651512, member: 26302"]It's because the market has changed. A lot of it has to do with gold price. In low gold markets, more coins have premiums, in higher markets most of those go away and it is only the gold value that matters. </p><p><br /></p><p>Markets change. You might be mad about it, but it has always been a function of the coin market. 150 years ago Wahington medals were hot, 50 years ago classic commemoratives were hot, today PM is hot. People who bought into "hot" markets get burned. I consider any modern gold eagle that you pay more because its slabbed, 70, proof, cameo, first day of issue, signed slab, etc to be money wasted if you truly are investing in gold.</p><p><br /></p><p>Sorry you are upset about it, but markets change, and graded 70 modern coins have always been a ponzi scheme IMHO, so we simply shrug our shoulders at your outrage sir. Not trying to offend, but have been around the hobby for over 40 years now and it is my opinion. To me, collect for fun (and acknowledge you will lose money most likely) for enjoyment. The only real "investing" that should be done should strictly be about bullion value ONLY. Yes, I have "invested" in rare coins at time sir, but I have a coin reference library of about 800 volumes and truly have some in depth knowledge of certain series. It is not for newcomers or the faint of heart.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3651512, member: 26302"]It's because the market has changed. A lot of it has to do with gold price. In low gold markets, more coins have premiums, in higher markets most of those go away and it is only the gold value that matters. Markets change. You might be mad about it, but it has always been a function of the coin market. 150 years ago Wahington medals were hot, 50 years ago classic commemoratives were hot, today PM is hot. People who bought into "hot" markets get burned. I consider any modern gold eagle that you pay more because its slabbed, 70, proof, cameo, first day of issue, signed slab, etc to be money wasted if you truly are investing in gold. Sorry you are upset about it, but markets change, and graded 70 modern coins have always been a ponzi scheme IMHO, so we simply shrug our shoulders at your outrage sir. Not trying to offend, but have been around the hobby for over 40 years now and it is my opinion. To me, collect for fun (and acknowledge you will lose money most likely) for enjoyment. The only real "investing" that should be done should strictly be about bullion value ONLY. Yes, I have "invested" in rare coins at time sir, but I have a coin reference library of about 800 volumes and truly have some in depth knowledge of certain series. It is not for newcomers or the faint of heart.[/QUOTE]
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