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Are post 1800 World Coin Prices in Decline, Stagnant or Otherwise? A Survey.
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<p>[QUOTE="princeofwaldo, post: 3962836, member: 24091"]To the extent that rising precious metals prices reflect not an increase in the value of the metal, but rather a decrease in the value of the underlying currency it is priced in, the correlation is still there for rare coins (as it is for real estate and anything else priced in the same currency). All of it in a marco-economic sense of course, spanning more than a single 24 hour news cycle.</p><p><br /></p><p>Agree on the US collector market though. And I think the worst is yet to come for many once highly prized US coins that are less than rare. If you want to pick a canary in the coal mine look no further than classic commemoratives in gold. 66s now available for what used to be 64 money. And if it's impaired, look out, the downside has been nothing short of brutal. Case in point, high relief Saints in details grade or below AU55, worth half what they were 10 years ago.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 3962836, member: 24091"]To the extent that rising precious metals prices reflect not an increase in the value of the metal, but rather a decrease in the value of the underlying currency it is priced in, the correlation is still there for rare coins (as it is for real estate and anything else priced in the same currency). All of it in a marco-economic sense of course, spanning more than a single 24 hour news cycle. Agree on the US collector market though. And I think the worst is yet to come for many once highly prized US coins that are less than rare. If you want to pick a canary in the coal mine look no further than classic commemoratives in gold. 66s now available for what used to be 64 money. And if it's impaired, look out, the downside has been nothing short of brutal. Case in point, high relief Saints in details grade or below AU55, worth half what they were 10 years ago.[/QUOTE]
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Are post 1800 World Coin Prices in Decline, Stagnant or Otherwise? A Survey.
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