World Gold advise

Discussion in 'World Coins' started by Arizona Jack, Jul 17, 2008.

  1. spock1k

    spock1k King of Hearts

    are you speaking of sovereigns or later issues?
     
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  3. Arizona Jack

    Arizona Jack The Lincoln-ator

    All ebayers get the 10% off I thought, good on your NEXT purchase untill July 31st.....check your ebay messages

    We signed up for a cashback thing, it goes until Aug 15th, and the $$$ is only good on other Ebay purchases if paid by paypal, and AFTER the Aug 15th end of program
     
  4. gocamels

    gocamels Learned Blockhead

  5. spock1k

    spock1k King of Hearts

    nope ripoff bay didnt give me any of that those cheats :(
     
  6. spock1k

    spock1k King of Hearts

    yup especially if they are slabbed in 63 or better
     
  7. gxseries

    gxseries Coin Collector

    Russian gold coins are outrageously priced these days. It doesn't matter about how common those Nicholai II gold coins were at once - demand outstrips supply these days. It may be hard to believe but that's the trend these days. That said, if your dealer has them priced near bullion, that's a great deal.

    10 rubles are definately not priced anywhere near bullions - they are just pricey. Other era gold coins are just impossible to obtain unless they are damaged or low grade and such.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator


    No spock, you are the one missing the point. Suppose there are 2000 of them sold, suppose there are 10,000 of them sold. That still doesn't change anything. For eventually reality sets in and false, inflated premiums evaporate.

    If you would just stop, and think for a minute, you would realize that this kind of thing happens all the time. It can be with this coin, that coin, any damn coin. For whatever reason, hype can push the price of any given coin way beyond realistic levels. Sure, people jump on the bandwagon and literally of the coins sell for outrageous prices. But those people are fools.

    Sensible people ignore these occasions. They just don't buy them. They sit back and wait for reality to raise its head, inflated prices to fall and common sense to set back in.

    But you go ahead and believe what you want. Buy all the coins ya want at rediculous prices. And later, when you can't sell one of those coins for anything but a fraction of what you paid - remember this conversation.
     
  9. spock1k

    spock1k King of Hearts

    i dont buy coins at ridiculous prices but this is conversation is not about me. You have to understand that those markets you are talking about are totally different. those markets are not going to go down anytime soon yes there will be a price fall but the price fall wont happen for many years. Its difficult to explain so try and understand lets say a re coin was worth 10 bucks in the past krause said it was 20 now krause says its 25 but it gets sold for 50-100 but over 99% of the market is not capitalized and we are talking over 2.5 billion people here by the time the market is fully capitalized (like the us market) you will see those coins become 500$ pieces and then there might be a crash that takes them down to $300 levels but they wont go back to the $10 level no matter what happens. This isnt numismatics this is economics and you can ignore it for the BRIC countries at your own peril.
     
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