Is it just me that coin prices seem to be going up and up?

Not too sure if this is what you are seeing with the field that you are collecting but with most of the coins that I am looking at - I don't really see a bargain this year. Maybe time to change to a different area to collect?

 

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I got back into collecting in 08 and just in the 4 years I noticed coins have gone up alot, especially ancients.

Bargains can still surface though.

 

I'm most familiar with world bullion and I can tell you the premiums there are continuing to increase. Although the Silver Eagle, Maple Leaf and Libertad are in the $4.00 range, the China Panda premium now averages $16.00. This is, by far, the highest I have ever seen it even though the mintage has gone from 600,000 to 8 million in the past few years. The premium on Perth Mint bullion has also been steadily increasing.

Then, if you start talking about graded modern world bullion (personally, I don't know why you would want it), the prices become even more heart-stopping. I'm glad I have accumulated what I have to this point as I might have to slow down if this trend continues.

 

I'm glad they go up. It makes coin collecting a hobby and an investment. I wouldn't want a coin I pay 50 dollars for today to be worth 25 dollars in ten years.

 

You have it correct. Up and UP! coin prices have been in a bull market for the last five years. Its also due to silver and gold, and the Fab FEDs printing more and more money making our dollars worth(less)
Just think ANY 64 or erlier quarter is now over $6.00 just in silver melt. five years ago silver was $6.00 an OUNCE

 

Careful, "What goes up must come down"

 

NASA has proven that old adage wrong.

 

Originally Posted by Kentucky
Careful, "What goes up must come down"

Which one? They all came down, or will come down somewhere.

 

IMO the primary reason they are going up is due to increasing number of international collectors entering the market as we see wealth increase in emerging markets and improved means of acquiring foreign coins (before ebay it was impossible to get coins in India for example), so this is no surprise. US was main market for these coins but that is slowly starting to change.

But still there is plenty of bargains out of there since plenty of world gold and silver coins still sell for spot. I do think Chinese coin bubble will burst mainly because it is driven up by collectors here speculating on demand from china.

 

Your observation is somewhat US-centric. My own interpetation is that many world coins are being repatriated to their country of orgin, provided said country of origin is not in complete economic chaos, ie Greece. And meanwhile, against nearly every currency out there with the exception of the Euro, the dollar has been hammered mercilessly. I don't think increases in prices has much to do with US collectors, beyond the fact that our central bank is flooding the world with dollars. At the CICF this weekend, Americans were outnumbered 2 to 1 by foreigners, or at least they were on the Friday that I attended. Perhaps that changed on Saturday. I do agree with you that a price correction though not exactly welcome, is probable this year. And the most likely epicenter will be Chinese modern issues.

 

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).

 

Hello Princeofwaldo

I don't think your analysis is correct. if the coin market is anything like the art market, museums are being hard pressed to get access to new works of art specifically because of increased buying from China, India and to a degree, even Russia.

I have doubts if in the long term they are going to go down.

Amanda

 

I kind of doubt there are any museums paying five to seven times spot for slabbed MS70 silver bullion coins.

 

this is a good thing for you, now your collection is worth more. what's "hot' tends to come and go over the years. 8-10 yrs ago bust halves had been doing nothing then about 5-6 yrs ago prices started rising as people realized they were some fairly old coins historic that could be had cheap. maybe try to look to another series that has seemed flat for a while and change what you collect. rising prices are a good thing as long as you don't chase too much hype.

 

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.

 

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.

 

Yeah but, when in space, which way is up and which way is down? They could be going down and we're just not aware. Something with a very strong gravitational pull could suck them in as well, like a black hole. Would that be considered going down if that happened? Don't mind me, I'm just thinking out loud at this point.