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One Response to Great Gold Selection in Paris

  1. Mr Chuck Schroeder says:

    Yes, it’s a small world. Ani’t you tired yet of these ad’s for GOLD and Silver?. Where’s the real stories?. Like this one. NO ONE sells a book, that’s complete, example, PD and S only, no satin finish P and D, no type two’s, such as the ones that flipped over and was struck on edge lettering on the Prez Dollar, no error coins for each. That’s a complete book. Just a PDS. Now, with all these EXPERTS in here, it’s time to tell the truth’s. It’s time I added my 2 cents worth. I have been reading Numismatic News for years. Now, it’s my turn. The negativism of non licensed coin dealers, and real coin dealers. Do you think cherrypicking is pretty much the same as stealing?. Or should people be allowed to benefit from their superior knowledge, as long as they pay the dealer the price he wants for the coin, or wishes to give to you for spot price to melt down when selling it to them?. As most people are aware, the price of gold has reached record levels (from fear of loss and hype), and is currently flirting with $1,000 an ounce. Silver has more than tripled in just over 3 years, rising from $6.40 in Jan. 2005 to about $20 an ounce today. Pawn shops, jewelry stores, and so called coin dealers are all doing a very brisk business in buying gold and silver coin items from customers who want to cash in. Most of this gets melted down and/or resold fairly quickly at a real high price over gray sheet in a market like this. But should coin dealers be melting down the very treasures they are charged to protect and conserve for future generations of collectors?. Are some coins okay to melt but not others?. Personally, I am appalled at this mass melting of U.S. coinage. Perhaps this is an attitude found more commonly among the collectors of ancient coins than the modern coin collectors, but I see coin collectors and dealers as stewards of our national heritage. Not phony con-artist’s. These coins can never be replaced, and coin collectors have a duty to conserve and protect this heritage to pass down to future generations. After all, we can’t take them with us when we die, so melting them for bullion is just selfish and antisocial. On the other side of the coin, however, are the folks who believe that if you pay for the coin, you own it. It’s yours to do whatever you want with it, even destroy it by tossing it into the melting pot. It’s bad enough Coin Club’s are disappearing at an alarming rate, like the drive in movie places, use to be years ago, how is our children of today, going to find that coin, to put in a empty hole in a book, when the silver coins are all melted down for 10 times face, that gave some coin dealer 77 ounces of silver for $100 face value of silver coins and, kills the knowledge of what coin collecting is all about, "Children", and our hobby, and The Family.

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