Reply to Thread

Message:: [QUOTE="medoraman, post: 1848024, member: 26302"]Maybe I am just dumb. I have been buying pm for 35 years, and I still get nervous as heck about the newer fakes. Especially silver, whose specific gravity is so easy to fake. I am sure work is being done on a "core" for the plated coins to fool magnet tests as well. Brings up an interesting point related to this thread actually. I believe people should decide which fence they are on, pm or collectible. I am not saying you cannot try to do both, but when push comes to shove you have to know why you bought the coin. I say that because its very likely in the future a buyer of your silver coins is only paying you for the silver content, and as such would want to cut some open to test. If this idea horrifies you, then you are a collector. If you are ok with it, then you are a pm investor/speculator. Its ok to be both, I am, when I go to sell my junk silver, ASE, etc cut away. I have no emotional attachment to those coins, I bought them for the silver play. I say this as a caution on premiums. If you truly are buying for pm investment, but then pay a $8 premium for a coin, WHY? That premium could have bought MORE PM, and that is the point, right? Btw, I am not saying this means its bad to pay a little premium, its bad to collect pm coins, (personally I think its a cool idea), or anything else. Just pointing out that depending on your purchase REASON a premium can be perfectly justified or a bad move.[/QUOTE]