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<p>[QUOTE=&quot;InfleXion, post: 2057514, member: 29012&quot;]1. I don&#039;t pay crazy premiums because I&#039;m not betting on being able to recoup them. Premiums are beneficial in a downward market because they help cushion your losses, but in an upward environment the spot price will eat into them on a percentage basis. My goal is to acquire semi-numismatic coins for a buck or two over the price of a silver eagle because it&#039;s a small price to pay for some of the protection on the way down in conjunction with the prospect of premiums actually increasing in an upward market as they move toward a more numismatic play.</p><p><br /></p><p>2. Sort of, indirectly I think. It&#039;s more so a hedge against a down market where the bullion would take more of a hit. However, gold will provide similar protection, and rather than overpay for silver, I prefer to simply buy fractional gold for this same protection without the high premiums.</p><p><br /></p><p>3. Numismatic coins are still made out of the same metal. The major differences are mintage, design, manufacturer, and whether they&#039;re in a slab. To an outside observer with no knowledge of the market they could very easily be categorized the same, but it seems more likely that people just like to talk about their coins and aren&#039;t as concerned with the forum category.</p><p><br /></p><p>4. When you start paying more than a few bucks over spot, or roughly 10-15% over spot. Obviously the percentages will vary due to market conditions, and eagles have been $8 over spot during some rare periods, but that doesn&#039;t make them a numismatic play just because they were priced high temporarily.[/QUOTE]</p><p><br /></p>

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