To Buy Or To Wait And Buy Better Qualitty

I agree, if you are buying just for bullion (which I don't know why it would need to be graded unless just for authentication purposes) it doesn't really matter the condition but if you are buying for a collection then I also always tell everyone to buy the best they can afford instead of just accumulating coins that will always just be worth bullion value and that's it. With higher graded coins you start adding collector value to the bullion price, but with lower grade coins this is not the c ASE

I would agree with ALL of the above, but there are times like these when the bullion price OR FEAR of the economy drives up the prices MUCH QUICKER than the coin value markets can correct themselves to, and with good reason...They need to keep a reasonable level balance to speculation and the average collector who are never in the market for a quick gain but as they for the long haul as over time the bullion markets rise and fall due to over speculation and those who drive the markets up, eventually ballooning and then the big drop of bullion and this is considered a stablization of the markets just like stocks go though...yet the collector who holds for the long term does see's his investments over years do rise, I mean years...but hey this is a hobby or we all would be into stocks...loosing our ARSE....
I've collected since the early 60's not with big money but have seen as many here over time those $3 Morgans are now at (MS63/64) 60/90 bucks and even when I bought ASE eagles at 10 bucks in late 90's and mid 2000's they are now close to 50$ The main effects are in the lower grade coins..AU and below except key dates....so if your into lower grades the markets will have an effect on your coins meaning the bullion prices will out weigh the coins values for a time and then when they re-adjust they drop,,MS coins especially MS65 hold as the best investments over all as there are not as many of them and over time as there are more collectors there are less of them to go around hence they become more valuable one consideration as lower grades will fluctate your 1899-0 VG Morgan will sell at say 35 bucks now,, the grade values isn't worth 35$ the silver is, so if silver goes back to say 25$ you just lost 10 bucks as the grade did not change ...ONE MUST REMEMBER,, this is a hobby that can be market driven to an extent and many here are wearing both shoes of investment and the hobby shoes....like TV one pays to have the enjoyment...yet with coins over time the prices to rise and TV leaves only the memories of a movie you once saw....You must first decide if its an investment...As my friend Terry say's
1)BUY THE BEST you can afford.....
2)LEARN TO GRADE or loose your ARSE from jerk grading
companies who always over grade, one point grade difference can mean hundreds of dollars
3)Buy the COIN NOT THE SLAB...meaning you need to know the above, as grading standards have changed and know what a reputable grading company(which ones there are)know what your buying not the grade number on the plastic holder...
4) the above advice is often given in many posts...its not a rocket science, but it will take leaning on your part to minimize the money you spend for your pleasure or investment
There is all kinds of help here to keep you on the proper path, it just takes your time...

It depends. How likely are you to encounter a better piece? How likely is it you will be able to afford that better piece when it does come around? Most coins are not rare. More examples are likely to be encountered and unless you are dealing with the top end of the grading scale already chances are fairly good that a better piece will come along. BUT, sometimes those "better" coins come with a MUCH higher price tag. Higher than your wallet can stand. Then you have to decide do I just forget about it, or be satisfied with the lower piece. Some people refuse to have a less than "socially acceptable" piece in their collection. Others like myself would rather have that less than desirable coin rahter than a hole that can never ever be filled.

Well dealing with gold is kind of a special case since once again most gold is common and even some of the scarcer pieces do not have that much of a premium over the bullion value. Also usually the price does not increase greatly as you go up the grading scale. In a case like that you may want to hold out for the better coin because it isn't going to cost you that much more, or you stick with the lower grade because there isn't much chance of great appreciation either other than from bullion. Personally in that case I would go for the better grade for the mor eye appealing collection.