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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2443919, member: 71510&quot;]I believe you have a short sighted view of the market and limited experience.&nbsp; Sorry, but I&#039;m calling it as I see it.</p><p><br /></p><p>I also sometimes wonder after seeing the price trends, if some people say this with the sole intention of shorting the market with fear.</p><p><br /></p><p>There are bullion grade coins out there.&nbsp; Worn out common dates by the millions.&nbsp; We all know this.&nbsp; These tend to ebb and flow with the price of metals.&nbsp; Some end up in collections, a lot end up with stackers.</p><p><br /></p><p>People will always collect historical items - and that is exactly what coins are.&nbsp; Historical items.&nbsp; They tell the story of &quot;us&quot; (and technically in this country - us is U.S. !).</p><p><br /></p><p>Things rise and fall in popularity over a lifetime, and then there are floods to the market for profit motive that saturate it with false hopes of getting rich (Think about Franklin Mint and all the coins from Liberia).</p><p><br /></p><p>Coins to me are about history, just like stamps, books and other collectibles.&nbsp; They teach a lesson about the times, how and why designs came together (or fell apart), and what the external influences were that drove the coins of the era.</p><p><br /></p><p>If you are down on numismatics and see failure and dark times in a collectible hobby - maybe it isn&#039;t the hobby for you.</p><p><br /></p><p>What I see is that you are starting a business based on numismatics, and just as an objective recommendation - you shouldn&#039;t discount the hobby you are starting a business around. </p><p><br /></p><p>If you are just in it for profit, there are many other ventures that will be more profitable for you and require less dedication.</p><p><br /></p><p>Last, we have had a phenomenon called &quot;da inner-net&quot; that has turned a lot of hobbies on edge.</p><p><br /></p><p>Things that we thought were very rare are no longer as rare, because we can find them across the globe.&nbsp; Some have had harder times adapting than others.&nbsp; </p><p><br /></p><p>This has led to a huge supply glut - and combined with the baby boomers estates, it has compounded and driven prices way down.&nbsp; This is just natural market economics.</p><p><br /></p><p>Values change over time.&nbsp; Yesterday we were in a winery and the tasting steward was obviously proud of her &quot;bling&quot; watch - which was nothing more than a gold plated quartz movement from China (or wherever) but it had MK initials in the dial - thereby signifying Michael Kors or however it&#039;s spelled.&nbsp; This - like the Seiko gold plated watches of the 80&#039;s will end up on Ebay for a few dollars next decade.</p><p><br /></p><p>However a 1960&#039;s mechanical Omega or Rolex will always garner a high price due to craftsmanship, reputation and rarity.&nbsp; And century old pieces will continue to appreciate as collectible time pieces.[/QUOTE]</p><p><br /></p>

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