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<p>[QUOTE="BigsWick, post: 61054, member: 3534"]It mostly depends on why you are buying what you are buying.</p><p><br /></p><p>I too have purchased MS-62/MS-65 pieces because I don't believe in placing <b><i>all</i></b> of my eggs in one basket. I'd prefer that we never have to use our collections as bartering tools, and I like the nicer coins as much as anyone! I hope that if I do have to sell one day <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> I will get a nice return on my investment, though it isn't the principle reason I collect. I collect coins because I enjoy them, and if collectiblilty is your primary motivation you'll want to acquire the nicest coin your budget will permit. But, from reading your post, I gather that you are more interested in a bullion-type investment, at least at this stage.</p><p><br /></p><p>Speedy and GDJMSP have given you some sound advice: Buy what interests you most. That should be your guiding force. Me? In my last post I listed some of the reasons I collect these particular pieces, but I also like handling some of my coins. I get an immeasurable amount of pleasure and satisfaction from doing this. My favorite Liberty is used as my avatar- an 1899-S EF45 Double Eagle. The history, the design, the weight, the color- heck, I could go on and on. Sure, I have nicer ones, but EF/AU examples are perfectly conditioned coins for this. They are not museum-quality pieces and I can enjoy them as such. Also, EF/AU specimens are a lot less likely to go down in value with measured, careful handling than a mid to upper-end MS piece.</p><p><br /></p><p>A 1924 MS-64 St. Gaudens is certainly a nice coin (the first DE I ever bought was a 1924 MS-62), but overall it is a fairly common Double Eagle. The 2004 Red Book lists the field population at over 1,000,000 coins, and over 100,000 of those at MS-64. Accordingly, it might not re-sell with a satisfactory profit (if that is your goal) if not given enough time. If you buy EF/AU coins at a reasonable premium over melt the actual dollar amount you could stand to lose is much lower and the profit still lucrative, assuming in either case that you aren't under any pressure to sell at a bad time. A convincing argument can be made for either approach. Again, it depends upon the individual's reasons for collecting gold coins in the first place.[/QUOTE]</p><p><br /></p>
[QUOTE="BigsWick, post: 61054, member: 3534"]It mostly depends on why you are buying what you are buying. I too have purchased MS-62/MS-65 pieces because I don't believe in placing [B][I]all[/I][/B] of my eggs in one basket. I'd prefer that we never have to use our collections as bartering tools, and I like the nicer coins as much as anyone! I hope that if I do have to sell one day :( I will get a nice return on my investment, though it isn't the principle reason I collect. I collect coins because I enjoy them, and if collectiblilty is your primary motivation you'll want to acquire the nicest coin your budget will permit. But, from reading your post, I gather that you are more interested in a bullion-type investment, at least at this stage. Speedy and GDJMSP have given you some sound advice: Buy what interests you most. That should be your guiding force. Me? In my last post I listed some of the reasons I collect these particular pieces, but I also like handling some of my coins. I get an immeasurable amount of pleasure and satisfaction from doing this. My favorite Liberty is used as my avatar- an 1899-S EF45 Double Eagle. The history, the design, the weight, the color- heck, I could go on and on. Sure, I have nicer ones, but EF/AU examples are perfectly conditioned coins for this. They are not museum-quality pieces and I can enjoy them as such. Also, EF/AU specimens are a lot less likely to go down in value with measured, careful handling than a mid to upper-end MS piece. A 1924 MS-64 St. Gaudens is certainly a nice coin (the first DE I ever bought was a 1924 MS-62), but overall it is a fairly common Double Eagle. The 2004 Red Book lists the field population at over 1,000,000 coins, and over 100,000 of those at MS-64. Accordingly, it might not re-sell with a satisfactory profit (if that is your goal) if not given enough time. If you buy EF/AU coins at a reasonable premium over melt the actual dollar amount you could stand to lose is much lower and the profit still lucrative, assuming in either case that you aren't under any pressure to sell at a bad time. A convincing argument can be made for either approach. Again, it depends upon the individual's reasons for collecting gold coins in the first place.[/QUOTE]
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