I have heard that some coins are not worth what they were 5 or 10 years ago and I am wondering if anyone can name one? Since I didn't collect coins that long ago I have no way of knowing. I appreciate it
1995 W 10th Anniversary Silver American Eagle 5 years ago this coin was selling for $5K-$6K. Sellers today get no offers if it is listed for $3K or more. Chris
Those comments were only about coins graded 70. But how about coins that are not worth what worth what they were 1 year ago, or 2 years ago ? Here's an entire list of those - http://www.pcgs.com/prices/frame.chtml?type=coinindex&filename=PCGS3000Indexlist And here's the graph on values for those coins over the past 3 years - And you might want to look at what happened to the values of that same list of coins from 20 years ago -
It looks like across the time period the OP asked -- 5 to 10 years -- the graph shows a rise. Personally, I can't think of many coins that have lost money across that time frame. However, if you factor inflation into the equation (real inflation, not what the govt reports), the picture ain't nearly as rosy...Mike
It isn't even that rosy if you figure in the official inflation rate. It looks like 5 years ago the index was about 65000. With the official rate it would have to be 75300 to break even and it looks like the actual is 67250. It's running at a little less than 1% per annum growth over the past five years.
I've got to go along with you there. Graphs, stories, PCGS stuff, etc mean nothing when you have been collecting for over 60 years and just can't remember the majority of coinage loosing value. Of course there are always a few that loose favor such as many of the proof sets, but for some reason dealers just don't know coin prices are supposed to go down too.
This coin seems to me as an example of hype overinflating the price, and then reality adjusting it. Don't get me wrong, I think it would be awesome to own, but it did what most of the error prez dollars did after the collecting community moved on to the next thing, but on a larger scale.
Something else you may be forgetting on that 10K Cheerios dollar is that it was also the discovery specimen. The 5-6K specimens aren't.
I sold a PCGS Graded MS67 for 13k and change at one point several years ago. I'm glad I moved that one.
