Are coins in a BUBBLE?

I have to say I feel this is the best opportunity's in a decade to start your collection, stackers, ah well, buy low, sell high.
Silver buckets are filling up, prices are great. Collect what you love, don't worry so much as to what it's worth, enjoy.

 

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When I was 15 and working for a coin dealer he would tell me his motto should be "lose money with us" because he told me that with all the old people dying and the lack of young new collectors coins would only be worth a small fraction of where in 20 years.

 

And, to complete the lesson, how many years ago was this?

 

A market correction is an opportunity.....

In 10 years you will look back and say "I shoulda or I wish I woulda."

 

Sadly we are at 24 years and despite my best efforts still counting. All I'm saying is the "young collector" doom has been around a while. If I'm not mistaken doug has commented in a similar fastion in a past thread.

 

As a proof collector, I have noticed prices stay relatively steady for the past three decades, but have also seen most business strike coins go on wild swings during that same period. The theory that when older collectors start selling off their collections, prices will fall has already been proven correct in the nineties. Coins were on a sharp decline for years before the state quarter program injected some life into the hobby. I am thirty eight and am often the youngest person at an auction, but at shows, I see a pretty decent number of younger collectors. I see the hobby on a slight decline, but don't foresee numismatics heading in the same direction as philately.

 

Oh my goodness, this statement is wrong on so many levels I don't even know where to start. There is nothing special about uber-expensive coins. Not only can they fall in price, they have farther to fall before they bottom out. Don't believe me, ask the guys who bought the "first" JFK gold commem how their $100,000 investment is doing?

 

@saltysam-1 you are a wise, wise man!! I couldn't have said it better myself!

 

It's hard to say. Some of the more common stuff are probably worth a bit less than what I paid a few years ago. However rare / key date coins are always in demand any time of the year.

 

My impression is that that crash was due to big "coins as investment" promotions in the late 1980s.

Yes, collectors get older and sell off their collections -- but that's always happening. It's not like there was an unusually large overstock of collectors hitting their expiration dates right at that time.

 

if you collect coins and hope to profit from them in the future than you need to go after high end items that will attract the attention of the upper class.Unfortunately the middle class isn't doing so well and it will continue to get worse. This is why I predict that most coins under $15,000 are going to lose significant value.

 

One day in 2000 i was sitting at my desk and something out of the blue told me to buy gold (age) Im a collector but when spot hit 1900 oz it forced me to sell lol anyway this is a fun and exciting hobby and the mint always comes up with new and interesting coin sets to put together and such i think im adicted now.

 

Now what do you consider as "young" people coming into the hobby. I'm 35, does that qualify as young to you?

 

Until those coins too go into a bubble as the rich grow poorer who aren't the richest of the rich.

 

Another question is this: What are young people today spending their money on mostly and the really big question is do most have any money to spend at all? It may seem odd to many but I actually do spend most of my money on coins.

 

I started collecting at age 30. Neve was interested before that

 

The reason I was wondering is along with my wheat cents I collected as a kid and early teenager, my money went into baseball cards. I had over 300 Ken Griffey Jr cards... rookies, inserts, bats, jerseys... you name it. All of my money went into some kind of baseball or football collectible. Then I was 17, wanted a car, and all I had to my name was my baseball collection.

So in 1999 when I decided I wanted some wheels instead of baseball cards, I went into my local card shop and handed him a list of all the cards. He said he'd need to see each card to know exactly who the player was... I told them they were all Griffey cards.... he looked at the list and said I'll give you $200 for everything.... Mind you during this time, the 89 Upper Deck rookie was at least a $75 card(how far she's fallen!) and then there was the other 300 cards.... some bats, some jerseys, some refractors, ones that were #'d, sure there was the common cards from the cheap sets but there was a lot of cards valued by Beckett at over $2k for the set....

Was this for real, 10%. All of those packs I'd bought, all the cards I bought in this shop, the cards I had bought on eBay.... 10%

$200.... I made the decision to sell my cards to get this car... (The explorer I bought a few years after)

1996 Chevy Beretta

I just remember sitting there at the card shop making the decision, thinking of how much I spent and how little I'd be getting back.

I loved collecting baseball cards back then as I do collecting coins now, would just hate to see the coin market do exactly what my card values did....luckily I did sell before the big card market popped... so I guess I'm lucky I got $200 instead of $20!

Loved that car, my first real one, bought and paid for by myself.... I guess that makes you want to keep it forever when you did all the hard work yourself!

Sadly I sold it cheap to my sister when she was in a hard spot, and she turned around and sold it for a profit to buy something else.... So I don't know where it's at anymore, but maybe one day I'll come across her again!

 

College loans and alcohol.

 

Also around the time i sold the dow & nasdaq droped one was 600 and the other was 500 then later that week or so they droped again i remember one totaled 1200 for the week or so thats when if i can remember correctly spot went up alot but dont take my word for it i just think that the markets could have verry well have been a good indicator for me at that time and im verry glad that i had tangables and happened to see spot at that time gold & the horse races have been good to me thank you jesus.