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<p>[QUOTE=&quot;thegreatdane, post: 3141072, member: 83311&quot;]Regarding the original question, and I am probably repackaging what some people have already said a bit here... Stackers have the exact same mentality as the coin collector who would passionately defend coins as a solid &quot;investment&quot;. Both of those mentalities ride on the assumption that this niche strategy is somehow superior (more profitable or less risky) than alternative investments. The evidence indicates that both of these are wrong. The difference is that while virtually all &quot;stackers&quot; have this mentality (and I&#039;m not lumping in people who invest <i>some </i>of their assets in precious metals), people who collect coins have more diverse reasons for doing so. I would assume that most coin collectors recognize that they are doing it more so for themselves than as a way to make profit.</p><p><br /></p><p>All that to say, the reason a stacker or person primarily interested in bullion investment would criticize coin grading/holdering is because they see all the value as being contained in the metal (i.e. the silver or gold), not in the numismatic premium that the coin collector values. To them, a holder is something that often increases the price of a coin by signalling a high level of quality (or at least greater certainty) to <i>coin </i>buyers, resulting in a worse value proposition for the <i>metal </i>buyers who now have to pay more for the same amount of metal, given that they&#039;re going to be competing more with the coin lovers.[/QUOTE]</p><p><br /></p>

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