Hello once again folks,
As you know I come here to the "Forum" to ask YOU experts to help me understand this wacky world of coin collecting for investment (and pleasure).
This week's questions have plagued me for the last month. HELP!
I found several reputable dealers on the net, that sell coins that are graded by NGC, yet their prices are 1/4 to 1/10 the price of the coins "market value" according to PCGS and others. I have contacted NGC to verify these dealers. NGC told me that the dealers ARE on the "up and up". And that NGC still stands behind their grading of these coins. Now from a financial point of view, why would any dealer sell a coin for such a fraction of the market value? If these are all true prices and market values, then logically it would be a GREAT INVESTMENT to buy up as many of these coins as possible. Agree?
The other questions I have are about our very own US Mint.
1) Why does the US Mint sell foreign, shipwrecked and/or replica coins? This is the mint of the USA isn't it?
2) Why does the
US Mint (edited by Forum Dad to show this is not the US Mint) sell the SAME 2007 silver dollar at 3 or 4 different prices on the SAME website (depending on which window is you are looking at)?
Just an FYI: The
US Mint (edited by Forum Dad to show this is not the US Mint) is also selling 2008 Olympic coins from China (2 gold and 4 silver for $2195. The silver coins are 1
TROY ounce. The gold are 0.33
TROY ounce. Since a troy ounce is below the normal full ounces that we are all use to when buying gold or silver. Why is this such a good deal? Personally, I feel that this is just another way for the Chinese gov't to find ways to take advantage of the westerner. (And I say this while I still love the people of China. Just not too thrilled with the Chinese gov't.)
Mmmmmmmmm. These things just do not make sense to me. So, I come here, to you experts, to help me to understand the puzzling queries. My inquiring mind wants to know.
As always, I will thank you all for reading my questions. I thank those of you who answer me, with even a bigger THANK YOU for helping me to understand. I look forward to all of your responses.
GOD Bless
Drdave
***Edited by Forum Dad to remove links, please review the rules. Also removed large blue unnecessary font.***
Posted 08/26/2007 11:01 pm
