My Thoughts on the U.S Coin Market and Coin Market as a Whole

Oh Mike that's not true. You can't say that about everyone..

The coin market is a market. It is no different than a commodity market. You don't have to buy/sell coins like it is a trading market but we have to acknowledge that coins to generally raise in value. That's basic market principal.

 

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Good going, you took my words out of context. It's easy to do that.

But entirely not fair to me, the op

I didn't say that the market is like the stock market in absolutes.

I am only talking about the certain rising/falling in overall price for coins as a whole. That's all!

And btw, technically, the coin market IS a commodity market. Just a very slow moving one.

 

I think the coin market has characteristics similar to the real estate market, where every property [coin] is at least a little different from the others even if it is in the same neighborhood [grade]. Stocks and commodities, by comparison, are sold in standard units where each one is identical to the next. This makes the market tougher to analyze.

 

But some of you are missing my overall point..

Let's not fray from it, please I ask you nicely.


Look, the rising and falling principal of price applies to the coin market long term. You can speculate very easily off these charts and say their is a steady overall upward progression by bulls and therefor year over year, this market is rising. That's not hard to understand.. So that is good news for all of us.

 

Yeah I'll contact him right now.

I get where you're going with this, Doug and I have a lot of reading to do but for experimental purposes, I'm trying to see how well my experience as a trader correlates to the coin markets.

I'll get on it though, thanks.

 

Again, I disagree. Commodities, by definition, are all equal. For instance one oz of 99% pure gold = one oz of 99% pure gold. Whereas a MS 65 St. Gaudens is not necessarily equal in value to another MS 65 St. Gaudens.

 

Doug what's the link again? I'm having trouble locating it. Thanks

 

Well , we have a respectful disagreement because coins as a whole do show very similar patterns regular tradeable markets do.

I won't go any further on this point, you've heard my opinion and I hope it helps some of you. Thanks!

 

I apologize if I took your words out of context. That certainly was not my intent. However, I've seen you draw the parallel between the coin and stock markets several times, when (IMO) they couldn't be more different.

 

I don't necessarily disagree with the above. I just caution you from drawing conclusions based on the similarities without taking into account the significant differences as well.

 

I appreciate your apology.

We're talking in absolutes, are we not?

That's where we're butting heads right now.

 

Right, I do take those into effect. That's why this is a "GENERAL" overview and not a very detailed one since you can't take into account all these variables and put them together and say they'll move in one steady rate.

However, the overall market can.

 

Fair enough. I won't belabor the point any longer, and appreciate your listening to my ramblings.

 

Why not post a thread, so the rest of us might look on (and learn from the discussion)...Mike

 

Alright Doug, I contacted him with those exact questions. Thanks

 

Boy, this is a serious thread. I'm a collector who collects coins for fun. I'm now reading about the value of coins based on the price of the stock market. Have we lost the love of just collecting coins? I hope not.