Is the market about to heat up?

Discussion in 'Coin Chat' started by BigTee44, Jun 13, 2015.

  1. GDJMSP

    GDJMSP Numismatist Moderator

    It was quite a few years ago that I predicted the US coin market could easily approach levels not seen since 2007. Everybody told me I was crazy. Well, it's pretty dang close to that right now and summer is here. And of course summer has traditionally been the slowest time there is for the coin market, so continued downward movement is pretty likely for a while.

    I also think we're about to see something we haven't seen for quite a few years, a downward trend in the overall world coin market. An area that has seen nothing but upward movement for a long time now.
     
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  3. doug5353

    doug5353 Well-Known Member

    Agreed - the people who still have discretionary income don't want low-end material, plus a certain disenchantment with gold and silver, contrary to expectations. This is why I became a stacker 4 years ago, time to modify the mix a little bit.

    Practice saying this with a straight face: "Yep, Judge, bought her at the flea market...ain't she a beauty??"
     
  4. In my opinion more and more collectors are dying out and less and less being born. Prices will continue to fall. I-phones are in more demand. The now basement sized gatherings of collectors will grow smaller and smaller until there are only bullion buyers with their own personal collections.
     
  5. BigTee44

    BigTee44 Well-Known Member

    So if that's true I'm going to have one sweet type set when all is said and done.
     
    -jeffB likes this.
  6. buddy16cat

    buddy16cat Well-Known Member

    Actually from what I read, coin collectors have been successful at getting newer generations interested in coins. It is no longer the hobby of older men. I have had a lot of women buying coins from me, possibly sometimes for their kids. Some of the people that have bought inexpensive coins off me seem like kids.
     
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