Buying coins with the market in a downward Spiral

Also... always remember if there is a national emergency or something in news that gets the country pre-occupied (perhaps like Bush going into Iraq in 2003, the Challenger disaster, whatever), that is a great time to go both car shopping and shopping on eBay, because most people stop their normal activities and get glued to the TV or whatever for a few days until they absorb it. I went shopping for a car in 2003 at the start of that war and the dealership had only had like 4 people stop in all day. They are sales driven and were more than willing to give me a much better deal than they would have if they had a normal day. Because they could not afford to pass up a sales. That is another reason that you go car shopping on the last day of the month because as soon as that day is over, they have their sales for the month gone and dealerships sometimes can't get in new inventory if they haven't sold a certain number of vehicles in a month or a quarter.

Ebay can be good at hard times, as well as when there are snowstorms in much of the country or blackouts, because that keeps a lot of the competition for bidding at the last moment away if they have not already put in a bid and made it their top bid.

 

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You ith one thmart guy, you know that?

 

Buy low and sell high... as soon as everyone figures out that the prices have dropped significantly on coins over the years, they will gain interest in an opportunity to make some money by buying low. I believe we will will see a massive spike in the value of coins soon. Coins are like anything else to an investor. They look at stocks, bit coins, buying houses or anything else to make a buck... buying low has less risk and more reward. As soon as investors figure out the coin market, it’s going to be impossible to purchase anything like today, because the value and demand will skyrocket. Once the gains outway the work, knowledge, and time it will take to invest in coins... it’s going to be nuts! Just my opinion. Best of luck on your investment.

 

I really do hope you're right and I'm wrong.

 

LIES!

 

This discussion has been focused primarily on US coins.

There is an interesting counterpoint thread currently going in the World coins section: https://www.cointalk.com/threads/silver-crown-prices.307628/

It seems that, while the US market has been declining, the World market has been hot. We tend to focus on US coinage - but there's more out there!

 

It takes some guts but I've been buying by the truck load.

 

You are a dealer, correct? From a dealer's perspective, I could see how a downward market would be a bad or scary thing.

As a collector, however, it's great! Just like the stock market, buy while its going down! I know that it's going to recover, but investment is not my primary purpose.

 

That's another enjoyment from coin collecting, getting up at 3:00am every morning is a real drag, but when you get a good catch, it can make your day. My last buy, at this hour, was a 1880 CC Morgan NGC MS 64 for $375, almost half retail value.

People are tending to sell more, for less, due to the Holiday Season and the need for cash. Although not PC, a Merry Christmas to everyone.

 

What do you think is causing the bull market in world coins? Is it the trend of certifying world coins, so that US buyers feel more comfortable in this area? Or is it the internet making buying a coin from Shanghai much easier (for example, I just bought a coin from Shanghai last weekend). Or some other reason?

I realize that no bull market can last forever, but part of me wonders if this is just the rest of world coinage catching up to the US market - so many world coins feel so undervalued compared to US coinage (flipside, so many US coins seem overvalued compared to the rest of the world).

 

Personally I find myself more inclined to buy nicer world coins now that they are available slabbed and online. So therefore my budget is more spread out among different types of coins, which takes away money going into traditional US material. If my own behavior is being repeated throughout the market, then that would explain the price trends. The key takeaway is that world coins are a lot more liquid than they were prior to TPGs and EBay.

 

Exposure is a large part of it. The more the market moved online the more collectors were exposed to things that they would otherwise have no idea existed. They were also exposed to nicer examples of the pieces than the typical world coins sold by the pound at many shops.

I would also say the move away from set building has influenced it as well. More collectors are type collectors or collect whatever catches their eye types which makes them more open to new and interesting things than a specialist would be.

For modern collectors I think the us mint has contributed as well. Their awful ultra modern products pale in comparison to what the rest of the world is doing. If someone started looking at world moderns it makes sense that at least some would get into other world issues as well

 

PC has no bearing here. You may have made many people’s Christmas’s happen here Pal, don’t take your role in that lightly. By getting a good deal you may have helped a guy make it happen. Now it’s time for your reward. A nice coin for the collection or a profit. Good on you!

 

You nailed it back then for sure it would seem it’s the same now. @baseball21 makes some valid points as to some of the ways we might be seeing this today manifest itself

 

All those posts above can be summarized thusly - "You Americans are so naive." - The Wild and Crazy Guys

 

Now I've heard everything. Yeah and day will turn to night

 

You misunderstand. I want to see COINS go "to the moon". I want gold and silver BULLION to crash into oblivion. In short, I want to see the close correlation between coin prices and bullion prices disappear forever.

 

Yikes. Cents worth a cent again. Getting penny candy would be nice