Careful, "What goes up must come down"
Originally Posted by rickmp
NASA has proven that old adage wrong.
Originally Posted by Kentucky
Which one? They all came down, or will come down somewhere.
Voyager 1 and 2 will never return to Earth. Neither will the craft left on the surface of the Moon, Cassini, the Mars rovers, the Juno polar orbiter (orbiting Jupiter), Messenger (exploring Mercury), and countless others. Once they leave Earth's gravitational pull they ain't coming back (unless we bring them back).
Never said they would return to Earth, just that they would come down sometime. In the case of the Voyagers, maybe a loooooong time. :-)
I would echo Bruce's observations from CICF. Lots of interest from foreign nationals. I have heard a lot of the coins the US bought in the 90's when the dollar was strong is flowing back overseas nowadays.
The biggest thing I see is lack of hoards hitting the market. Usually at a show like CICF you see hoards being sold off, I did not see really any evidence at this show. This is especially acute in Parthian and Sassanid issues. I have not seen a quantity of this material hit the market in a few years now, with just a few pieces from old collections being the only thing available except for a small hoard of Hormizd II a year or two dispersed. Its amazing how much fresh hoard material really does drive buying opportunities, and with them slowing down evidently, its slowing down low cost buying opportunities.
Member ANA, ANS, ONS, TCACC, and other random alphabetical concoctions.
Coin prices can go up and down - I guess it all comes down to just demand and supply at a particular time.
For instance from my experience a Soviet 1980 in soft plastic sheet, not in hard plastic casing used to be as expensive as 200-300 dollars, way more than the hard plastic counterpart at around 30 dollars.
These days, the prices have fallen down to 100 or so for the soft plastic and 50 for the hard plastic. At one stage, a seller was selling more than 40 of those mint sets at once. Price did deflate for a while.
Another instance is a Russian bi-metal coin - can't remember what it was but when it was rumored that the mintage will be a lot smaller than what is going to be, prices went mad and I bought one as well. That can come down to hype which I fell for. Bought it at 30 or so and prices fell down to 5. On the other hand, the Chechen coin that I remember buying was around 40 or so and is still going around at that price.
However in most cases, a lot of the coins that I did buy have risen in most cases. Japanese coin prices on the other hand still seem to be stagnant with the prices except exception UNC coins.
From 1980 through 2010, prices have risen, stabilized risen, and dropped. If you don't believe me, look at the price that it would cost to assemble the 95 type coins (copper, clad and silver) that make up the Red Book types (remember that the dated 1981 reflects 1980 prices).
Since 2011 probably have risen somewhat (I don't have hard statistics on these since the 2012 Red Book did not list type coin pricing—and I haven’t seen the 2013 Red Book yet).
As proof, the graph below shows relative pricing of an 85-coin type set (excludes chain cent, 1796 quarter and 1797/97 half dollar and clad coins—as to why, see “Pricing Relationships of United States Type Coinage”, The American Journal of Numismatics Second Series, 23, 257 – 263 (2011) which gives the reasoning behind the graph)
So, for the short term, will coins increase in price, decrease in price or ?
The diamonds show relative prices compared to the 1981 Red Book prices, CPI is the Consumer Price Index (use the left vertical axis for values. The S&P500 (use the right vertical axis) is the Standards & Poors index of the 500 largest companies listed on the (various) stock markets.
So coins have gone up 340% (about 3.4 times) and the SP 1700% (about 17 times)?
since the recession started coins and bullion have gone on a steady rise in value as people look to a more profitable return than the stock market..............
oh for the chance to find a 1933 george v penny.............then i'll stop collecting
I've noticed that people are paying way more than the silver value for silver world coins. Take a coin like a British 3 pence or Australian 3 pence. Hardly any silver in it, but you'll see 4-5 bids pushing it up to $2-3 or more.
And the silver collectables? The charges are out of hand.