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<p>[QUOTE="John Johnson, post: 4234347, member: 96020"]Sorry. I didn't answer the second part. Something I learned in the 80s was that there are investment grade and collector grade coins. In those days, the rule, as I was taught, was XF or better was investment grade and VF or lower was collector grade. That doesn't hold true for every coin any more, but if you look at any coin in a price guide you can pick out the change where the coin changes from collector grade to investor grade. Look at a guide for any silver coin, for example, as the grades go higher, so does the price, but on virtually every coin you will find a gap; a spot where the value jumps much higher from one grade to the next. That gap is created because coins at the higher grade increase in value faster than the coins in the lower grade. That's the line between collector grade and investor grade coins and I always recommend buying to the right of that gap if you can afford it. If you're buying precious metals strictly for melt value, then I think you're right; go with the lowest price you can. But I don't personally recommend that. I like the idea that the coin could increase in value because of its numismatic worth AND/OR because the intrinsic value of the metal increases.[/QUOTE]</p><p><br /></p>
[QUOTE="John Johnson, post: 4234347, member: 96020"]Sorry. I didn't answer the second part. Something I learned in the 80s was that there are investment grade and collector grade coins. In those days, the rule, as I was taught, was XF or better was investment grade and VF or lower was collector grade. That doesn't hold true for every coin any more, but if you look at any coin in a price guide you can pick out the change where the coin changes from collector grade to investor grade. Look at a guide for any silver coin, for example, as the grades go higher, so does the price, but on virtually every coin you will find a gap; a spot where the value jumps much higher from one grade to the next. That gap is created because coins at the higher grade increase in value faster than the coins in the lower grade. That's the line between collector grade and investor grade coins and I always recommend buying to the right of that gap if you can afford it. If you're buying precious metals strictly for melt value, then I think you're right; go with the lowest price you can. But I don't personally recommend that. I like the idea that the coin could increase in value because of its numismatic worth AND/OR because the intrinsic value of the metal increases.[/QUOTE]
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