Experiences with US Coin Digest 2018

I highly doubt your main job is to attack things you disagree with, if that’s what you’ve made a career off of it’s a sad state of affairs there. The data is everywhere, or do you believe every single stock is up because the market is up

 

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Never said I did. Why do you deny trends? I know, because they don't serve YOUR PERSONAL narrative well.

 

Answer the question, is every stock going up because the Dow is? Market analysis shouldn’t have to be explained to you if you have the job you say you do

 

Duh! GE. The point is, AND ALWAYS HAS BEEN, that the PCGS is 100x better an indicator than the DJIA is, because it includes 3000 collector coins, not 30 stocks. See what I did there? 3000 divided by 30 is 100? Math. Not advocacy. Not story telling. Not marketing. Not selling. Math. You ought to look into it.

 

Hmm. wonder why this shows the opposite?



I believe that this clearly shows that Investors, not hobbyist, are the ones that are getting out. Investors never care about history or design of coins, only their value and should never ever be considered hobbyist. The Hobby isn't the one dying here.

 

It would be a much more compelling story if it had labels on it, but I figured it out.

 

It’s as good of an indicator as the Dow is. It’s nothing more than confirmation bias if you say the pcgs one controls everything but the Dow isn’t representative. The coin market is no different than any other, the fact you know that for the Dow proves my point

 

The bottom corner shows the S&P 500. I edited it and added a little to the post.

 

To @baseball21:

When you learn to spell and punctuate, you might just become less tiresome to read, but I wouldn't bet on it.

 

Good points, but how do you explain away an index as broad as 3,000 individual issues?

I have an alternate causative theory to yours, but neither mine nor yours can be confirmed. The data is what the data is, however.

 

Simple answer to the OP

Markets change.

 

Back to nothing but personal insults when that’s all you have.

 

No, I simply come from an age and an educational model where such things were not only important, but central and critical. I like things a certain way, and I'll never apologize for that.

Your view here is tainted by an extreme case of selection bias. (Google it if you absolutely must.) Yes, there are coins and series doing quite well. However, they are atypical. Now if your case is that the 3,000 issues covered in the PCGS3000 need to be changed to better reflect the current state of the market, then say that. Don't just wave your arms claiming the index is inaccurate, because it is not. It shows precisely what it is intended to show, to the accuracy attainable.

But then it becomes YOUR proper burden to suggest PRECISELY which issues should be dropped and which should be added.

 

Wouldn't it then be a good idea to actually check which 3,000 issues are in the index, rather than wave one's metaphorical arms and rant away as our brother @baseball21 does?

I don't believe keys ever change. They are what they are. What does change is marketing, which is intended to alter demand levels, and often does. The remaining question is are those changes "sticky"? Do they stay changed? I suggest the jury is still out on that, and the past history is mixed but not looking convincing on that score.

 

As I said you should know how to read a market. You should know the broad indicator isn’t representative of single issues. You should know how different dates are doing differently. You always try and act educationally superior but the rest of us with post graduate degrees know how to actually interpret data.

You just admitted you believe keys can never change, that’s already an admission on your part you refuse to actually analyze a market and will just let your options dictate what you want

 

PCGS does not just track one index - the 3000.
It maintains 10 individual indices:

• Generic Gold Coin Index

• Mint State Rare Gold Coin Index

• Proof Gold Coin Index

• Mint State Type Coin Index

• Proof Type Coin Index

• Morgan and Peace Dollar Index

• Silver and Gold Commemorative Index

• 20th Century Coin Index

• PCGS3000® Index

• Key Dates and Rarities Index

Only one of the ten is NOT currently "taking it in the shorts", the Proof Gold Coin Index. So what, oh ObiWan-Baseball, is your prescription? We await your wise and uniquely held (apparently) wisdom.

Or should we await the "What @baseball21 Currently Has To Sell" Index?

 

Yes, yes, the entire site is now painfully aware that you are of the "nothing that ever happened before I came long matters any more" school of thought. Go educate yourself, you ridiculous narcissist.

 

I let facts drive my opinions not personal insults or someone’s feelings of how they want something to be