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<p>[QUOTE=&quot;mikenoodle, post: 1036959, member: 307&quot;]The following remarks are complete editorial and opinion. This is my point of view. You may feel free to disagree, discuss, or comment, but these views are mine and should be accepted as such. Facts are facts, these are not. They are opinions!</p><p><br /></p><p>In the 1950s the collecting craze was roll collecting. Looking back, there is almost without exception a coin that is scarce in high grade. The hoarding of the rolls of coins cause the eventual death of the market because as soon as people stopped collecting rolls, there were approximately 40 or 50 nice uncirculated examples to choose from thus flooding the market.</p><p><br /></p><p>In the late 1990s, the Statehood Quarters became the &quot;flavor of the month&quot;. People were collecting them (and still do) in choice uncirculated conditions but others foresaw a potential profit and stashed them away by the roll as they were released with the intention of selling the singles later. This was also doomed because so many people were doing it that mintages actually increased due to hoarding. Today they can be had for little over face in choice condition. The latest recession caused even more of these choice uncirculated coins to enter regular channels.</p><p><br /></p><p>Registry sets have also followed this trend of popularity. Currently they have a definite place in the hobby, make sense as a pursuit, and could eventually become a very mainstream way to collect coins.</p><p><br /></p><p>But the one that gets me going, the one that puzzles me the most, the one that makes me scratch my head is the collecting of certified bullion coins. I just don&#039;t get it...</p><p><br /></p><p>Let me say at the outset that this has nothing to do with registry sets. It has to do with certifying a coin that was minted to be traded as bullion. They come in giant boxes from the Mint and all of the coins are MS-67 or better. </p><p><br /></p><p>Let&#039;s do the math:</p><p><br /></p><p>MS-67, MS-68, MS-69, and MS-70. That&#039;s 4 potential grades. Your odds are almost certain of a choice gem BU coin unless it&#039;s been mishandled along the way.</p><p><br /></p><p>So, that makes the &quot;range of grades&quot; a mere 4 grades. Almost any other coin has a range of at least XF to MS-70, making the supply of high-end coins much less common.</p><p><br /></p><p>My point is this:&nbsp; </p><p><br /></p><p>If the supply of these coins is all relatively close to MS-70, then they become nearly all valueless as coins. No rarity whatsoever. This is quite contrary to the sales pitches of the sellers that espouse the &quot;rarity&quot; of these certified versions. The only reason that the numbers are low is because there is <b>no good reason to certify them!!!</b></p><p><br /></p><p>Don&#039;t get caught up in this latest craze. The fact is that when you go to sell these, dealers will buy them readily... but at melt value. They won&#039;t pay ANY premium at all for these because the market perceives these coins as bullion. Which is funny, because that&#039;s what the government says that they are. In fact, the only people whom I can remember referring to them as &quot;coins&quot; are the people who sell them.</p><p><br /></p><p><span style="color: RED">If you want to invest in coins, <b>DON&#039;T!!!</b> If you want to buy bullion, buy bullion!!! Buying certified bullion is just a bad idea!!!</span></p><p><br /></p><p>sorry for the long rant... we now return you to regular programming already in progress...[/QUOTE]</p><p><br /></p>

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