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<p>[QUOTE=&quot;GDJMSP, post: 2400867, member: 112&quot;]When you said &quot;bull market&quot;, I think you meant to say &quot;bear market&quot; didn&#039;t you ? </p><p><br /></p><p>As for the buying opportunities, are they really buying opportunities ? I mean the overall coin market has been dropping, steadily, for 8 years now, and it is still going down. It is presently even lower than it was in 2007, which is even lower than it was when what you called the bubble of 2008 even started. </p><p><br /></p><p>The real question is how much lower will it go ? Back to where it was in 2001 when the last bull market started ? Even lower than that ? Or somewhere in between ? Trying to call a market is guesswork, but it can be educated guesswork. If you go back 6, 7, 8 years, you&#039;ll find posts where I predicted the coin market could fall to the levels of 2007, or below. It has since done that. Where will it stop ? To be honest I don&#039;t know, I don&#039;t even have a prediction, but I do believe it will go lower yet. So is now a buying opportunity ? Maybe, but only time will tell us.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>That&#039;s where these charts are misleading. Yeah it looks like 10%, on the chart, but it wasn&#039;t, not even close. Between 2001, when the last bull market started, and 2004-05, many so called common coins increased in price by as much as 300%. This is documented by auction records, the CDN, and market articles in the numismatic press. Uncommon or scarce coins had increased even more. And by 2008 even those prices had doubled again. But in the latter part of 2008 and early 2009, within just a few months, coins that had been selling at record prices and bringing $150,000 in their previous auction, in 2009 were selling for 75,000 or less. The same effect occurred with common coins. That is not a 10% increase, or decrease. </p><p><br /></p><p>These charts only show us the trends of the overall coin market, and that is where their value lies. The real information is contained in the auction records. Many, many, coins have dropped in price by 50-75% in the last 8 years. Some even more. The records are out there, one merely has to go look for them, the graphs are right in front of you. They provide us with a quick look, the trend, of the coin market. And that trend is undeniable.[/QUOTE]</p><p><br /></p>

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