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<p>[QUOTE=&quot;Cloudsweeper99, post: 61272, member: 3011&quot;]smb,</p><p><br /></p><p>The advice you received is very conventional, but tough to support based on the numbers.&nbsp; High quality &quot;investment grade&quot; gold coins rose to great heights, I believe in the mid-to-late 1980s, and subsequently crashed 75% or more (my recollection).&nbsp; Many if not most of them have never returned to those prices even today.&nbsp; There is no reason why the same thing can&#039;t happen to older silver coins.&nbsp; So it isn&#039;t sufficient to just &quot;buy the good stuff and put it away.&quot; Of course some premium is warranted&nbsp; for coins in the best condition, but even this can be taken too far.&nbsp; The trick is to figure out what the definition of &quot;too far&quot; is.&nbsp; It is a great convenience to dealers to have the mass of collectors believe that the correct price to pay is always just a little bit more than the last guy paid.&nbsp; But I think it is just as important to develop an awareness of historical premiums of higher quality over lower quality coins, and to always keep an eye on how bad things can get as well as the profit potential.&nbsp; The best buy may be the coin or series that is least desirable today.[/QUOTE]</p><p><br /></p>

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