How far have coin values fallen?

Death excluded which is inevitable yea some might sell though if they take a financial beating like that many wouldn't come back to coins. Think oh how many people are still holding silver waiting for the price to come back or as Doug mention how many have been holding out from the 80s with coins and how many held out with silver till the run up. Until deaths occurred I think a large amount of the better material would be held back with people saying its just not worth the loss maybe my kids can make some money off it in the future. A down market is one thing and most people can live with that, but resorting to prices that are a small fraction from the past would be a lot for a lot of people to have to stomach selling.

I do agree there would be some panic selling at first from many people like what happens when stocks slide big time, but once that supply is gone I don't think a lot of it would appear again anytime soon

 

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How come the coins that I want to buy keep going up in price?

 

I am a collector. My collecting goals are specific and unchanging. For a long time I resisted slabs, first in coins, then in currency.
Eventually I realized - I am a collector. So slabbing means two good things for me: I can get an authoritative certification of the genuineness and condition of a valuable coin or note for little extra cost, and I can hover around the collectibles market like a vulture, looking to pick off an AU-58 this or an MS-64 that for a tiny fraction of the price of the MS-67 the big guys are duking it out over.
And unlike them, I'm satisfied.

 

I'm a collector, so I don't worry about the coin market. Stocks, bonds and gold are enough to worry about.

Some good reasons and solid analyses here about the coin market. But just like all markets, I suspect, a prediction of up or down has about a 50 percent chance of being right.

 

I think overall the market is going to get softer with some exceptions of course for basically the reasons quoted above. From what I've seen in person and what is commonly said regarding coin collecting being an older persons pursuit is pretty much spot on. The number of collectors in the baby boomer generation imo isn't going to get anywhere near the numbers needed for even population replacement from the younger generations let alone to exhibit growth as a whole. When those boomers eventually die off and their collections get liquidated I think they'll be an oversupply that will depress prices even further.

 

From my experiences, younger collectors are biased towards modern coinage so I wonder what the market will be in the future for older coinage.

 

As a collector, you have that luxury. As a business, your inventory becomes atrophied and volume sinks to nil. If you can afford it. More power to you. Maybe you'll get your asking price in 2048.

 

I find no solace in guarantees from slabbers. They are just plain wrong far too often and I place NO TRUST in them. I collect COINS, not plastic.

 

Social Security has been going broke for 85 years now. Medicare has been going broke since it was first enacted as well.

Timing the market is a bit harder than hitting a Nolan Ryan fastball with a whiffle ball bat.

 

If in your opinion people with slabbed coins are collecting plastic, then you are collecting albums/2x2/airties/saflips by your logic. That coins not plastic is really one of the worst saying when it comes to coins. People with slabs are every bit the collector that people without are

 

One could 'bunt' and run it out.......at least you'd be on base........

 

Social Security hasn't been going broke for 85 years as well as Medicare. However, changes to both programs have required additional funds to keep them going. LBJ started to raid SS. The proverbial can has been kicked down the road to the point where there is no more road. So, things are different than they were a decade ago and the uncertainty considering rumbles from the current Congress has retirees like myself deeply concerned.

 

Thank the Lord for IRA's.......

 

People can collect anything. But I don't like collecting junk. This slabs are only as good as the coins in them IF, and it's a VERY BIG IF, the coins inside are worth something. I've simply seen too many gross errors to trust slabs, which is the reason they exist in the first place. It's like buying insurance that NEVER PAYS A CLAIM. Are you really secure, even if the state accepts it?

 

Yes the coin market has dropped. But it is the entire collectibles market. At least coins are able to hold some value better than other collectibles.
What about all those decades when values were rising higher than inflation every year? Those don't count?

 

It's really not that big of an if at all.

 

I collect coins for the pure enjoyment of it. Same reason I like classic cars, guns and good scotch. If the the Morgan dollar I buy today for $100 is worth $50 in 10 years, but I still love looking at it and enjoy the history, then so be it.

 

A rare and admirable point of view.

 

Said without mentioning what the right places might be.