Are coins in a BUBBLE?

I think we saw the bubble along with the price of gold/silver skyrocketing and now the downside - realizing that every worn 1922-P Peace Dollar isn't "rare"

There was a huge buy-up in the run, and now it's becoming available along with the baby boomer collections. Perfect storm.

As gold and silver rise again (and they are in case you haven't been following), and the global market increases the sheer number of collectors, you will see the trend start to take shape.

Hopefully not before someone sells me an MS-66 1934-S Peace Dollar for "melt" (in my dreams!)

 

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We've become a two bit country,with the largest coin a quarter. And, their ugly! Jefferson looks childish with bangs on the nickel and Washington looks cartoonish with his over amplified hairdo on the quarter. Who wants to collect these coins now? Change the base coin to the dime and add a$2.5. & $5 dollar coins. Most young people would be hard pressed to tell you one president on a coin now in circulation. Quarry Jack.

 

So what you're saying is I called the top?!?

 

I think that certain sectors of the numismatic market are more likely to be in a bubble than others. Slabbed modern NCLT coins, both US and world, are just asking for a crash IMO as there is just too much hype with too many of them being minted. I don't see how they can hold their value for decades to come. Classic coins, on the other hand, seem to be a lot less volatile, and they are backed up by genuine rarity. For example, there are less than 100,000 Bust quarters estimated to be still in existence, and you can buy a problem free circulated example for $100. I don't see much downside there, and it wouldn't take much added demand to cause prices to shoot up.

When discussing bubbles there have been a lot of comparisons made to the baseball card market. Just out of curiosity, how well have the "classic" cards (e.g. 1950's, 60's) held up in comparison to the "moderns"? Based on my limited knowledge it appears that the cards from 1980's to present can barely be given away while the older cards still have a lot of value? This is not necessarily the best comparison, though, considering that once the generation that first collected the "classic" cards passes away, new generations may not be interested.

 

Anyone know what the 3000 in PCGS3000 means? Is it 3,000 different coins and dates? Sorry I'm too lazy to use the Internet voyeur that's: "my friend" to find the answer.

 

Yes, it's an index of 3000 different coins.

 

I find it funny some of the questions that are posted here. It literally took me less time to google and find your answer than it took for me to read your post - and thus it would have taken less time for you to google and find the answer than it took for you to type it.

Nevertheless, for the lazy, the coins in the index are listed here: http://www.pcgs.com/prices/PCGS3000.aspx

 

I find it equally funny that you and others make a big deal out of answering questions in a place where people ask questions. Especially when a) you didn't have to do anything and b) I didn't ask to see a list. I asked if the 3000 meant 3000 different dates and coins. Yes, no, who cares, or no comment at all would have been just fine.

 

This chart is very misleading. The dip amounts to a total of about 4-5%, but the axis starting at 63500 makes it seem like more of a big deal. I would say this counts as a normal market fluctuation.

 

All good answers to my question about the relevance of this thread. I was unaware of the PCGS3000. There are a lot of other graphs that would make for good comparison, oil of course, and world currencies.

I started collecting when I was very young, then stopped for a number of years when I left the US. I looked briefly at local and regional coins and notes in South East Asia. But they did not really catch my interest. Then year before last, I began buying US coins again on ebay. I like them for aesthetic value and as an alternative to other investment.

If I were to ever sell, I have not tried to sell any of even my childhood collection, which is insignificant, I hope it will be one at a time and to the highest bidder. Ebay or some similar market.

I do appreciate the falling of market value and try and buy what I can. Maybe in 20 years, if I am still alive? Hope to at least get back what I have invested.

Will keep watching and learning in the interim.

 

As long as dealers are able to make a living at it, I don't care how far the market falls. I think it would be great if I could buy coins for less money, even if that means I'll get less out of them when I sell.