The problem is that, as GDJMSP and other vets here note, coins are so volatile that you can have 10-20% annual appreciation for a decade followed...
Ah the opposite.....a time-honored method of winning courtesy of SEINFELD. :D
You were off by $33.12....that's over 2% !! I was going to use you for this week's PowerBall and MegaMillions but if you're going to be this...
Sunday GC Saint-Gaudens Results (final bids rounded; all TPGs PCGS unless listed NGC): 1928 MS-66 OGH CAC.....$5,700 1928...
I guess the belief is that while you can always sell it to a jewler or smelter for full bullion value....someone wanting A COIN might be turned...
If so, then I stand corrected. $30 would be under 2%, acceptable.
That seems fair...someone said something about a 30% discount which was nuts.
Lots of MS-66 Saints up for auction tonight at GC....
You need a 68 to get a nice premium for this year and mint ?
Absolutely....no LCS should be paying under spot, maybe a few dollars if they run an inefficient shop. Anything even approaching a 5% discount to...
I'm still shocked the premium hasn't faded or the price of silver risen to narrow it. I never heard of a premium dislocation lasting 3 years.
Gold and inflation don't track in the short-term.
I think the price of gold was about $400 back then. So you were actually paying a rich premium as prices were "sticky" to the downside. With...
You're right. I misread it and replaced "GSA" with graded/certified. Price declines for gradeds from 1989-93 were huge, though.
Finn, I stand corrected.....even though coins had taken big hits by 1990....it was only the 1st leg down. As with most assets in decline, it took...
But you had a bubble in Morgans and Saints in 1988-90. I would think the prices would be alot higher. I have an article that talked about the...
Very few say or think that but actually MEAN it.:D They WILL say it when stocks are flying, of course. With the Fed on auto-pilot the next few...
I've been 25-35% equities in managed accounts since the beginning of the year. Rest is bonds :( and cash :).
Are you sure abou the time period ? Those coins probably cost $400 in 1989. They were cheap in early-1980's and early-1990's.
If we had a stock thread, I'd post research but suffice to say my equity guys are saying S&P 3,500 buy.....3,000 load up the truck. You can...
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