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An owl sold on eBay today for $7K.
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<p>[QUOTE="robinjojo, post: 7764466, member: 110226"]Given the ocean of owls out there, I imagine that there many more than the 3,000 graded MS by the certification firms. Think any attempt to corner the market, with tens of thousands of owls out there, with more found each year, would be akin to Nelson Bunker Hunt's attempt to corner the silver bullion market in 1980 - doomed to failure.</p><p><br /></p><p>Some people have done extremely well, thank you, in the stock market. Many have become overnight millionaires through IPO's and buyouts. A lot of CEOs have raked in handsome salaries and bonuses. This has been going on from many years, but it really accelerated over the past year or so. There are also relatively newly minted millionaires from China and other Asian countries. The fact is that people in this rarified stratum need to put their money into assets that have a good yield. Savings and treasury notes have a miniscule interest yield. So, money flows into real estate, art, antiques and, yes, coins, of all sorts. </p><p><br /></p><p>So, we get into a feedback loop, of sorts. Money floods into owls and other coins, ancient and modern. That drives up prices, which, in turn, causes more money to drive up prices even further. This is a classic case for a bubble, be it stocks, collectibles or coins. Nothing lasts forever, and eventually, what stock managers call a correction, or corrections, at the macro level will occur, usually caused by some external event. And then the cycle begins anew, but not necessarily immediately. Remember, the US really did not pull out of the Great Depression until World War II. I don't think that is a very good model to follow now, given a world of countries armed to the teeth with nuclear weapons and other means of mass destruction. </p><p><br /></p><p>Well, on a far less serious note, here's an owl that is sort of like yours, but different. The weight is significantly lower, which, coupled with stylistic differences, does make it an imitation.</p><p><br /></p><p>14.57 grams</p><p><br /></p><p>[ATTACH=full]1331393[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="robinjojo, post: 7764466, member: 110226"]Given the ocean of owls out there, I imagine that there many more than the 3,000 graded MS by the certification firms. Think any attempt to corner the market, with tens of thousands of owls out there, with more found each year, would be akin to Nelson Bunker Hunt's attempt to corner the silver bullion market in 1980 - doomed to failure. Some people have done extremely well, thank you, in the stock market. Many have become overnight millionaires through IPO's and buyouts. A lot of CEOs have raked in handsome salaries and bonuses. This has been going on from many years, but it really accelerated over the past year or so. There are also relatively newly minted millionaires from China and other Asian countries. The fact is that people in this rarified stratum need to put their money into assets that have a good yield. Savings and treasury notes have a miniscule interest yield. So, money flows into real estate, art, antiques and, yes, coins, of all sorts. So, we get into a feedback loop, of sorts. Money floods into owls and other coins, ancient and modern. That drives up prices, which, in turn, causes more money to drive up prices even further. This is a classic case for a bubble, be it stocks, collectibles or coins. Nothing lasts forever, and eventually, what stock managers call a correction, or corrections, at the macro level will occur, usually caused by some external event. And then the cycle begins anew, but not necessarily immediately. Remember, the US really did not pull out of the Great Depression until World War II. I don't think that is a very good model to follow now, given a world of countries armed to the teeth with nuclear weapons and other means of mass destruction. Well, on a far less serious note, here's an owl that is sort of like yours, but different. The weight is significantly lower, which, coupled with stylistic differences, does make it an imitation. 14.57 grams [ATTACH=full]1331393[/ATTACH][/QUOTE]
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An owl sold on eBay today for $7K.
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