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Anyone get to hear Rick Snow's speech?
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<p>[QUOTE="World Colonial, post: 2480432, member: 78153"]Totally agree.</p><p><br /></p><p>To me, the real problem is not "accurate" grading but the widening gap between the prior prices and the incomes of the collector base to pay it. No "fine tuning" of the grading scale is going to resolve this discrepancy.</p><p><br /></p><p>My approach is to only buy coins I like enough where I won't mind if they lose value. I don't plan to sell my core collection, so what happens to the prices is not really that important to me. I also don't believe (and explicitly stated it) that my collection will ever appreciate enough where it will ever make any real difference to my financial circumstances anyway. There is no financial scale to the series I collect (except South Africa for a low number of buyers and the market crashed after I dumped most of my collection). So higher prices just make it more expensive to add to my collection with the only upside that availability for what exists improves somewhat.</p><p><br /></p><p>I believe your description of "dead series" is going to become a lot worse, especially for the most widely collected US series that are not predominantly "investment" coins. By "investment", I exclude (to a point) Morgan dollars and generic classic gold because there is substantial financial buying in these series. I believe these can do well (at least temporarily) by benefitting from another metal price increase.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2480432, member: 78153"]Totally agree. To me, the real problem is not "accurate" grading but the widening gap between the prior prices and the incomes of the collector base to pay it. No "fine tuning" of the grading scale is going to resolve this discrepancy. My approach is to only buy coins I like enough where I won't mind if they lose value. I don't plan to sell my core collection, so what happens to the prices is not really that important to me. I also don't believe (and explicitly stated it) that my collection will ever appreciate enough where it will ever make any real difference to my financial circumstances anyway. There is no financial scale to the series I collect (except South Africa for a low number of buyers and the market crashed after I dumped most of my collection). So higher prices just make it more expensive to add to my collection with the only upside that availability for what exists improves somewhat. I believe your description of "dead series" is going to become a lot worse, especially for the most widely collected US series that are not predominantly "investment" coins. By "investment", I exclude (to a point) Morgan dollars and generic classic gold because there is substantial financial buying in these series. I believe these can do well (at least temporarily) by benefitting from another metal price increase.[/QUOTE]
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