Coin value and Recession

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Gold or valuable collectable coins ?

Mr. average American wants to get in on gold. He can buy bullion advertised even by the U.S. Mint. He does not want to lose what he has saved by owning one class of investment.
Rare coins I think would not be his first choice. He has less knowledge then I do and that will not get you to far. I know it works as a hedge. That is all I need. I buy gold rather then dollars right now. I short the dollar against the Euro, for now. gold can not go linear. There has to be profit taking to pay the bills and buy more gold in the troughs.
The stock Market , and the housing problems are items that will take a numer of years to fix. Those two items alone should keep metals going for a while. People want investing to be easy . They take the most important item and pay the least amout of attention to it. I would bet bullion gold will be the new investment for the months ahead. Buying with leverage they could do damage to this market also. Lever up a transaction with nothing to insure it is solid and you have another item on the agenda.

 

You got that right. You'd be better off having invested in a machine gun than precious metals.

 

This chart puzzles me. Everywhere I look, morgan and peace dollars sell for much more than they did three or four years ago.

 

That's probably it. I thought for years that lower end silver dollars were a bargain compared to the high end, so I guess it isn't surprising that the low end has gone up while the high end has come down. I still think the gap is too wide. At some point the high end coins might become the relative bargain.

Thanks.

 

I saw a post somewhere last week where key coins and average coins were compared over a 40 year period. The four or five chosen key coins (1916D, etc.) went up an average of 4-8% per year over that 40 year period.

Then some mid-level coins were chosen and the percentages were virtually identical.

It was interesting, to say the least. I guess if you start out at $4 and end up at $250 that's a lot less dramatic than starting at $600 and ending at $5500!!

 

The problem with graphs like that one is where and who made it and what is it based on. Like I said in REAL LIFE I've neve seen coin prices drop. Also, like I said there may be books, pamphlets, articles and/or graphs like that one but in REAL LIFE I just haven't seen the so called downturn. Dealers and collectors always charge for a coin what they want regardless of any such documents we see in print or on the web. Those are the REAL COIN PRICES. Of course my evaluations are based on only several states in the MidWest and this may differ considerably somewhere else. But from my experience just havent' seen coin prices drop.

In a way I wish that was true. I've always had excessively successful jobs and never worried about times being bad so money for coins was no problem. If in fact coin prices were to have dropped at any time in my life time, I sure would have taken advantage of that.

 

Nobody has a cystral ball, if they did it would only make believe,like the song eddie Arnold singed

 

Fun thread. Took me a while to notice when it was started.

 

The echoes of time sounds like a torpedo headed towards my submarine. Invest in Cheetos, they last forever, people are more addicted to them than coins, and they have the color of "GOLD" for all of the stackers

 

Does anyone know the value of this penny?

 

Cindy..... You posted this in an old thread about an entirely different subject matter. You probably won’t have any response. Post a new thread withbyour cent and you should get some replies. Welcome to CT.

 

Coins are like stocks. You will make money if you stay in long enough. The question is how long will you last. If you have a good collection then your heirs won't ever be broke. Of course, in 20-30 years a Dr. Pepper may cost $200.00.
I have always collected with the intention of leaving for my grandson. He has a good start and we should encourage our grandchildren in watching how we do it. Silver and gold have always been on a roller coaster. Gold was 32.00 per ounce for a long time. Silver dollar for dollar. One has to hope that we as a country cannot go "{"broke". I don't know who made this comment "we can never go broke because we have a printing press". Paper was meant to fail. Metal, not so much.
The General
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