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The Sky is fallingl on all ms70 and pr70 coins....
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<p>[QUOTE="cladking, post: 980524, member: 68"]Yeah, I know but people are so quick to dismiss this stuff that they often forget and use all encompassing terms. </p><p><br /></p><p>I Really don't believe that it's a foregone conclusion that these recent issues that are made in high grade must not have a lasting value in "perfect" condition. There can't be anything inherently wrong with collecting perfect coins so there can't be a certainty that they'll lose their premiums. A lot of people are having fun with this stuff and I know that some know what they're doing. I think this is really all the defense they really need.</p><p><br /></p><p>This being said anyone buying this should be doing it only for pleasure. Investing in any collectible is highly risky and these are no exception. Anyone paying large premiums should be aware of what they can sell these for. This, too, is true for all coins since it's only when we sell that we learn what coins are really worth rather than what the dealers or sellers say. This is especially important for perfect coins and most moderns since none of these markets is mature or widespread. Collectors are well advised to know what these coins look like raw. You might find that cherry picking raw coins is far less expensive and more satisfying. And of course no one should pay a premium for any coin unless he knows and can see for himself the basis for that premium. There is a difference between MS-69 and MS-70 but if you can't see it then buy the lower grade. </p><p><br /></p><p>No, I don't collect much of this yet but when I do you can bet I'll follow these general guidelines. It's easy to understand why people are expecting these to plummet and burn since they are often offered for sale by less than wholly reputable sale as an "investment". Coins offered as investments have always had the very worst track record unless you get in early. But the fact is that these are growing markets even if they might not be able to keep up with increasing supply as mint practices improve. There are real collectors even if a lot of them are beginners. </p><p><br /></p><p>I think it's fully justified to warn people about any money they put at risk but I do believe there are now and always have been riskier choices. I wish everyone good luck especialloy with the coins they've bought primarily because they appeared too cheap. We don't really need much luck with the coins we bought for enjoyment.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 980524, member: 68"]Yeah, I know but people are so quick to dismiss this stuff that they often forget and use all encompassing terms. I Really don't believe that it's a foregone conclusion that these recent issues that are made in high grade must not have a lasting value in "perfect" condition. There can't be anything inherently wrong with collecting perfect coins so there can't be a certainty that they'll lose their premiums. A lot of people are having fun with this stuff and I know that some know what they're doing. I think this is really all the defense they really need. This being said anyone buying this should be doing it only for pleasure. Investing in any collectible is highly risky and these are no exception. Anyone paying large premiums should be aware of what they can sell these for. This, too, is true for all coins since it's only when we sell that we learn what coins are really worth rather than what the dealers or sellers say. This is especially important for perfect coins and most moderns since none of these markets is mature or widespread. Collectors are well advised to know what these coins look like raw. You might find that cherry picking raw coins is far less expensive and more satisfying. And of course no one should pay a premium for any coin unless he knows and can see for himself the basis for that premium. There is a difference between MS-69 and MS-70 but if you can't see it then buy the lower grade. No, I don't collect much of this yet but when I do you can bet I'll follow these general guidelines. It's easy to understand why people are expecting these to plummet and burn since they are often offered for sale by less than wholly reputable sale as an "investment". Coins offered as investments have always had the very worst track record unless you get in early. But the fact is that these are growing markets even if they might not be able to keep up with increasing supply as mint practices improve. There are real collectors even if a lot of them are beginners. I think it's fully justified to warn people about any money they put at risk but I do believe there are now and always have been riskier choices. I wish everyone good luck especialloy with the coins they've bought primarily because they appeared too cheap. We don't really need much luck with the coins we bought for enjoyment.[/QUOTE]
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The Sky is fallingl on all ms70 and pr70 coins....
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