Is the stock market recent boom contributed any to coin market?.

give you opinion. my guess is not so. like me for example. i bought some stocks. my money will not be enough to buy coins anymore. if i miss the stock market up. then i buy coins to cover it. it works. last year i bought some 2006 w unc gold coins. it did moved up.

 

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Market up= Coins up.
April 15th = Market down, coins are down.
Gold is HOT! Coins are hot.

And so it usually goes, unless I buy, then they go down.

 

Not sure what you're asking, but we made a KILLING two years ago with APPLE stock. We paid off the house, land, jeeps, motorcycle, and still had enough left over to buy a few coins and put a bunch in savings.

edited - not really what we want to talk about here

Take Care
Ben

 

Careful about pushing penny stocks, that could cause you trouble.

 

How's that??? I don't own any of it and am not a paid representative of the company either. It is one I've been watching for the past year or so.

 

stocks down heavily today

did you guys gain or loss within this few days?. anyway, the coin market is still very strong i guess. for 2 - 3 hour. the 80,000 pc of spouse gold coins sold out right away. 33.6 million dollars change hand. how wealthy are american?. a couple working from other countries can even afford to buy those daily needs.

 

FTC do not like "pump and dump" I know a guy who can no longer trade on any US exchange for it. It is more like a rule than a law but it is enforced.

 

When I look at the prices I was paying 3-4 years ago compared to now, coins have really become expensive. [at least the ones I generally collect]

 

as for the coin market, It is hard to tell

 

american eagle

the only series that i make a lot of money is the american eagle gold and silver coins. others such as modern commems and mint different sets. i loss some money on those.

 

Hey Elaine, are you from HK?

 

to DJC

no, i am not from hong kong. instead i noticed your collections mostly from british commonwealth. you must be from australia?.,

 

If the goal is to make money, it's hard to be the American Eagles. As bullion coins, they can be bought and sold pretty close to bullion value. With most other coins, the spread is to large to turn a profit.

 

am eagle

mostly i make profit on am eagle is because i bought 1995 w am eagle gold and silver set, 2006 w am eagle unc 1/2 oz and 1/4 oz. 2006 3-pc am eagle silver set. and a lot of am eagle bullion coins mostly bought during 1988 to 1992. my cost is between $4 to $7.

 

No, the coin boom has been going on far longer than this recent stock uptick.

For the most part the stock market has been flat for more than 5 years, with a recent 6-month upswing.

The coin market has been gaining steadily over that time, but has cooled in the past 6 months.

So, no, I don't believe they show a direct correlation, and in fact may be quite the opposite -- the booming stock market is taking money away from coins/precious metals.

I would look towards a correlation between coin prices and real estate, as I believe there is more of an interrelationship between these markets than the stock market.

All IMHO...Mike

 

Elaine: No, I'm from the US

 

Ok coins and the stock market, I will just think out loud on this. it occurs to me that the coin market is a tiny market that is subject to much greater manipulation. The simple presence of HSN selling coins is some thing that moves the market. All I'm saying is that a small player like HSN can send real ripples through the coin market.

As I see it when money leaves stocks it does not rush into rare coins (sorry to tell ya) I'd say it goes into bonds, when big money is made on the stock market the coin market may get a blip (just like the fine art market).

I'd say the presence of Ebay is way more important to the coin market than any other single factor, if there were an Ebay designed just for coins with lower transaction fees and coin experts policing ads for the stupid things we see on Ebay it would rock the coin market to the core and might send numismatic items lower.

The other big thing in the coin market is TPG's especially PCGS (which oddly enough was started to "trade coins like stocks") it never fufilled that mandate but it did give some security to neophite coin people, but more importantly they started keeping careful cencuses on coins that helped to determine rarity . Two effects of this: registry sets, and resubmissions. The resubmissions messed up their numbers a little and made a few people a lot of money based on PCGS's everchanging standards.


Just a few random thoughts (as you can tell I am no expert).

 

Howdy,

Not an expert here either, but have been collecting and investing for years.

I agree that in some respects coins are an alternative to stocks - like bonds or real estate. However, when the stock market is doing well, folks have more money (or feel they do) and have a greater propensity to buy coins.

After the stock market melted down in 2000, folks were looking for some other place to put their cash. Coins and real estate were a couple of the options. Even today with the stock market doing well, there's a LOT of cash floating about and whenever that's the case, this excess liquidity tends to bid prices up - for all things, including coins.

So, in short, yes I think the stock market's recent boom has contributed to the increase in coins prices. However, I think a greater impact has been from the excess liquidity available.

peace,

rono

 

my analysis

i think the coin is better than stocks by so far. we own the coin while stock we own the paper. we control our coin while stocks they control our fortune. so many people losing money on stocks. but the people who collect coins became richer and richer. that's the different. isn't it.