anybody see where the proof ASEs from the 90s are up a good bit-again. a few years back the '93-94-95 went way up to near $150 then fell back. next it was the '97-98 got up near $80-90. and fell back. I was on a proof kick years ago and bought 2-3 each of the lower mintage years just on a whim and sold near the top. bought them later when prices fell. might be time to do it again. I think the market is small enough that the big dealers & TV coin shows can cause run-ups when they do set promotions. a few of the modern issues get run up like that and then correct just like the stock market. this kind of action is not really good for the coin market overall imo but if you can make a profit why not play the game?
I am currently trying to take this approach as well. Looking at buying from the 90's as well. May be time to buy and hold for a few months (not my strategy) but could turn out very well!
I think they are near their highs now. maybe not a good time to buy those issues. I was posting more for the people who have some that it might be a good time to sell. this is the second time for those 90s issues to have a big run-up. they fell back down the first time. this time? maybe-maybe not.
Those who fail to learn from history are doomed to repeat it. History, itself, does not repeat............
If you are in for investing, buy bullions as they have low mark-ups. If you are a coin collector, time your proof ASEs purchase right because with the shortage of supply and its intrinsic value these coins are likely to be more valuable to collectors and investors alike.
