Yes.. I strongly believe the coin market IS dropping.

-1885-CC Morgan Down $50 from HA's Realized Price Average last month.
-1995-W Silver Eagle PF69 Down $200+ from HA's Realized Price Avg. Last Month.
-2006-P Reverse Proof Silver Eagle Down $20 from Ebay's Last Auctions earlier this Month

There are more, and these are all coins I purchased and am very worried that this trend may continue.

I also saw another thread posted about "rare coin values falling" the other night..

Let's get some discussion on this.. I'm worried to see what will happen in a month from now.

BNB

 

Log in or Sign up to hide this ad.

Thats a good thing for me, various rare coins I want for my type collecting.

 

Cool, good for you but not good for me.

 

Welcome to two years ago-

 

What goes up must come down...
A cycle in most markets is a healthy thing.. buy low sell high...

For coin and currency collectors it is no different, bargans can be had during the down turn just as in any other market.

Seize the opportunity when it is here to add high quality for lower prices.

RickieB

 

finally!!!! I may be able to afford to collect coins again:high5:

 

The prices have been dropping for awhile now. Another example is the 1892-CC (at least in 64), last year around this time I was looking to buy one in MS64, the average price was around $2,400. Now, the price is much closer to $2,000. (2 just sold for $2,300, but the majority are around 2k-2,100).

I'm happy the prices are dropping, now I can get coins I want for cheaper prices.

This is why coins aren't a good investment, you never know what's going to happen.

 

The coins you mentioned are indeed down over the past 6-12 months. However, those are key/semi-key dates so they have actually held up much better than the common stuff, and they should continue hold up better than the common stuff even if the market continues downward. Just like other investments, when things start looking bad and markets drop, investors sell the junk and they flock towards quality. You can see that right now in some of the coins you've purchased: I bet you'd be able to sell that $20 No Motto Saint Gaudens and/or some of your silver bars for more than you paid.

Sure, I bought some coins a year or two ago (when the overall market was at its recent peak) and would take a big hit on a few if sold today. I'm not too bothered by that since I'm in most of those coins for the long term and I am very confident that when I'm ready to sell I'll be making money on them. Additionally, I'm still buying today at relatively lower prices so I'm effectively dollar-cost-averaging as well. I also don't have all of my investment portfolio in coins so even if they drop futher I won't be going hungry.

 

The economy is bad right now...so, pretty much everything is down because people aren't buying. Thus, it's a buyers market. You just have to wait it out. The market fluctuates, so it will rebound eventually.

 

Buyers market for sure!
BNB, you just bought at the wrong time...

 

Hey BNB I will tell you what a lot of members here know from experience.Numismatics is not about the quick dollar. If you are looking to make a quick buck in numismatics, I hope you are at least doing a 50/50 split with lotto tickets. This is rarely a place you can continually flip at a profit. If it were, people like rich dad , poor dad would be selling his seminar on this packing them into any cheesy hotel with a convention center. He would offer an ASE as a door prize and ask for their bank account numbers.

That is why with this hobby it is very beneficial to buy what you like.

 

The market is as it is BnB. When life hands you lemons, make lemonade. Take advantage of the downturn and make some great buys yourself.

My recipe....is to buy from 'buy it now' listings, being very selective about the ones I'll buy.....and some I'll sell with 'buy it now' listings, and some via open bidding. It depends on how deep I am into a particular lot as to which way I sell.

Oh....and by the by....I sold my seated dollar a few days ago, for 500 dollars MORE than the last one heritage sold....or 700 over greysheet bid, which was 1300 more than the best dealer offer....so it depends on the coin really.

Nightowl

 

Yes, I agree and it has been for some time.

 

BNB your one of the youngest in here arn't you?
I'd think you have more time to keep buying so this would be a good thing for you.
Compare this to 401k's who is the one that is really hurt but the drop in the dow the young or old
No cheer up and enjoy building your collection on a cheaper cost value.
And in your terms just dollar cost average back into the coins.

 

I can show you just as many instances where coins have increased over the last 3 months. As a matter of fact the value of a coin I own went up over $1200 just since July.

 

ASE 1996 MS70 graded by NGC.

And I agree with your statement to BNB. Investing in coins in the short term is usually a losing situation.

 

I'm noticing some surprising trends in coin prices. I don't collect the high end coins like BNB, but I've noticed that the low end silver coins haven't risen in value with the increase in silver prices. I purchased the 92-98 silver proof set yesterday for $180 including shipping. Those sets were running at least 20% higher last year. I'm also noticing some lower prices on semi-key dates. I'm not looking at buying a 1909S VDB.

 

I don't track the prices of coins because it doesn't matter to me, so if you say they're falling, then ok, I guess they are.
Guy~

 

Welcome to coin collecting 101 - the coins you mentioned should

Welcome to coin collecting 101 - the coins you mentioned should go up and down they are not rare coins at all.
A month from now measures or shows nothing absolutly nothing at all.
Coins can (and should) be tracked over five and ten years time span.
These modern coins can be tracked over shorter peroids (a year or two) but still that will tell you very little because there are no modern rarities.
If you want to learn about coins performance over long peroids of time the Grey Sheet offers those type charts.
The appreciation on coins overall is really very simple except for just a few (and far between) examples. The market rises about 10 to 15% over 10 to 15 years and only then if you are very differsified.
If you had wanted to make profit quicker you should have bought some of the fractional Buffalo gold esp. the quarter ounce last Feb. these have performed well.
If you really want to make money over a long peroid of time forget coins altogether unless you can muster the ability to study very hard and learn why modern coins are a dump and waist of time.
Again and again I must insist most tried and true coin colletors are not in it for the money, that comes second and is a bonus.

If you want a tip that will make money in 10 years here it is:

Buy 1-MS-64 Red 1914-D Lincoln (if you can find one) in a PCGS holder.
1-1922-no "D" Lincoln in an PCGS AU-50 holder (if you can find one).
1-1916-D Dime in an PCGS XF-45 holder.
1-1927-S Quarter in a PCGS VF-35 holder.
1-1912-S Nickle in a PCGS VF-35 holder (if you can find one).

There are many others but none after 1942 at all. Buy these coins, wait 10 years and you will make money. But even then with these coins perfectly graded will you not make much more than 20% or so. Maybe a little more on the first 2.

It is and always will be the ones we are reluctant to buy (because they are so high) to begin with that will go up in value. They are always key date coins from classic coin series that collectors, always need, have very low mintages that will go up in value.

The factors are: popularity,, low mintage,, current supply,, demand,, and most important before 1942.

Even with all this said and followed you will probably not even make a fraction of the profit (with coins) you could have if you took your money and bought fixer up houses that have been forclosed on now and fixed them up some and rented or flipped them in the next 2 years as the economy improves.