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<p>[QUOTE=&quot;BigsWick, post: 114564, member: 3534&quot;]Eh, my philosophy is my own, but I&#039;d never claim to understand everything either. I knew I wanted to own some gold when I started buying. I thought about what I&#039;d get for a long time. I distrust most advice given by guys who pull out their inventory and tell you &quot;what you want&quot; to purchase. What is their motivation? I do have some higher-graded and slabbed gold pieces, but most of mine fall into the category you described: raw EF-AU Double Eagles, Eagles, and Half Eagles. It just seemed to make sense.</p><p><br /></p><p>Bullion coins. Hmmm....I&#039;d never knock someone else&#039;s approach, and bullion coins/rounds are pretty, but I can&#039;t see paying much of a premium for them over their melt value. Their worth is tied almost exclusively to the price of gold, and they have limited numismatic appeal outside of the comparatively small group of folks who feel they worth collecting. I see guys hawking NGC slabbed MS-69 &quot;first strike&quot; SEs on the TV coin shows and I can only shake my head in disbelief.</p><p><br /></p><p>Some guys dig foreign coins. Hey, I&#039;m cool with that, but it isn&#039;t my cup of tea. Gold is gold, and the history is certainly there, but I maintain that French, British, or Mexican gold lacks a certain universality with numismatists (in our country) that Liberties/St. Gaudens/Indians will retain.</p><p><br /></p><p>Higher end graded, slabbed, and raw coins are much more expensive. I can afford fewer, their value can be influenced greater (higher percentage) by changes within the dynamics of the coin collecting community- what falls in and out of favor with collectors- but their worth probably isn&#039;t as impacted by changes in prices of precious metals. I wouldn&#039;t knock this approach, it just isn&#039;t my choice.</p><p><br /></p><p>Two or three raw EF-AU Double Eagles can be had for almost the same price as the same coin slabbed in a higher grade. They possess sort of a middle ground with &quot;melt&quot; and numismatic values. Moreover, I like to enjoy my coins. I can hold an EF DE in my hands (carefully) without a real fear of lowering its numismatic qualities. And, because of their lower cost, I believe the potential downside of buying lightly/moderately circulated coins is reduced somewhat.</p><p><br /></p><p>Nothing in life is certain.</p><p><br /></p><p>I think the number one guideline has been expressed nicely all over this forum in various threads: Collect what makes you happy![/QUOTE]</p><p><br /></p>

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