Bapcha's Stocks

Silver - Better Than Gold, But Still a Commodity

I went to mises.org and read through Thomas Paine on Paper Money. If you believe in what he says, there should be no difference in the value of a coin that is 1 oz silver PCGS 70 DCAM [a very pretty silver coin with no scratches visible under a microscope] vs. a slightly scratched PCGS MS 65 [still a pretty coin, but not as glorious as the 70].

But there is. In fact, the owner of five ounces of the PCGS MS 65 will gladly trade his coins for one of the 70 [since he values the coins in fiat currency anyway].

Bapcha