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What is the purpsoe of grading ASEs and the like?
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<p>[QUOTE="Kanderus, post: 1196494, member: 28447"]So, why do people do this? Granted I am new to numismatics, but it just seems counterproductive on both sides of the transaction to have an ASE/Maple/Grizzly etc graded. I mean, these rounds are meant as a bullion investment into precious metals. It would seem that spending $40 for an ounce of silver, then having it graded for something like $25 just ups the amount of money you spent on your investment, which you should be trying to get as cheap as possible.</p><p><br /></p><p>Second, why BUY a graded ASE, etc at a premium? I recently saw Kitco selling MS70 ASEs for something like $55-60. If you buy silver at over silver spot price, aren't you just making it harder for your investment to start making you money?</p><p><br /></p><p>Perhaps I am just frugal, or I just plain and simply do not understand, but as aforementioned it just seems counterproductive either way you look at it. When I buy an ASE, I buy it for the silver, and the trust that accompanies the round. I guess what I am trying to get at, is that if everything goes to ****, and those of us with assets like precious metals, gems, oil, etc need to start using them to live off of, wouldn't you want to have MORE to use? Spending extra money to have it graded just means less bullion in your pocket.</p><p><br /></p><p>Anyone who can shed some light on this for me, please do! I am eager to learn.[/QUOTE]</p><p><br /></p>
[QUOTE="Kanderus, post: 1196494, member: 28447"]So, why do people do this? Granted I am new to numismatics, but it just seems counterproductive on both sides of the transaction to have an ASE/Maple/Grizzly etc graded. I mean, these rounds are meant as a bullion investment into precious metals. It would seem that spending $40 for an ounce of silver, then having it graded for something like $25 just ups the amount of money you spent on your investment, which you should be trying to get as cheap as possible. Second, why BUY a graded ASE, etc at a premium? I recently saw Kitco selling MS70 ASEs for something like $55-60. If you buy silver at over silver spot price, aren't you just making it harder for your investment to start making you money? Perhaps I am just frugal, or I just plain and simply do not understand, but as aforementioned it just seems counterproductive either way you look at it. When I buy an ASE, I buy it for the silver, and the trust that accompanies the round. I guess what I am trying to get at, is that if everything goes to ****, and those of us with assets like precious metals, gems, oil, etc need to start using them to live off of, wouldn't you want to have MORE to use? Spending extra money to have it graded just means less bullion in your pocket. Anyone who can shed some light on this for me, please do! I am eager to learn.[/QUOTE]
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What is the purpsoe of grading ASEs and the like?
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