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<p>[QUOTE=&quot;Cloudsweeper99, post: 122919, member: 3011&quot;]Frank,</p><p><br /></p><p>The point I was trying to make is in the few situations where it is possible to obtain coins at prices close to bullion value, they are superior to plain bullion investments.&nbsp; It is unlikely that they will ever be worth less than bullion value, and under certain conditions may be worth more.&nbsp; For example, there have been times when $20 gold liberties in VF condition have sold for close to bullion value, and times when they have sold for almost twice bullion value.&nbsp; To me, that makes them a better investment at close to bullion value than a regular AGE [not the super high grades or scarce dates].&nbsp;&nbsp; Bullion will always be worth bullion value.&nbsp; I was speaking to collectors, and not to folks with no knowledge of coin values, presuming they are not the regular readers in this forum.&nbsp; So I doubt very much that it is much of a risk to think that the readers here will sell coins with $400 worth of bullion in them for $40. </p><p><br /></p><p>Your observation is correct in situations where a person is purchasing coins a significant markups to bullion value because of condition or rarity, but that is really a numismatic purchase, not an investment.&nbsp; Nobody knows for sure whether the premium will expand or contract over time.&nbsp; That is why I confine my purchases to coins with zero-to-modest markups over bullion value.&nbsp; Last year, I was able to purchase 100 mercury dimes with clear dates for $35, and several ASEs for $5.&nbsp; These are examples of the types of bargains that are out there, but not common. I fully realize that my form of &quot;collecting&quot; would probably be unsatisfying for most of the people here, who are infinitely more informed about numismatics than I am.&nbsp; But I&#039;m pretty satisfied with my approach which I describe as 75% investor and 25% collector.&nbsp; It&#039;s pretty low risk.[/QUOTE]</p><p><br /></p>

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