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<p>[QUOTE="GDJMSP, post: 739585, member: 112"]There are always exceptions, so yes, some coins have sold for good money in recent auctions. But looking at the larger picture of the market as a whole it is indisputable that the market is dropping and has been dropping for over a year. </p><p><br /></p><p>Read a coin mag once in a while, even the market reports published weekly in <i>Coin World</i> and <i>Numismatic News</i>, articles which are historically always upbeat, for the past year have reported nothing but market downturns. Talk to any dealer, read any show report - prices are dropping. And some have dropped quite a bit, with some examples 50% or more.</p><p><br /></p><p>And I am talking of specifics. Meaning the exact same coin that sold a year ago, selling recently for 50% of what it sold for then. Those kind of facts are pretty hard to argue with. And yes, these were high dollar coins. Coins that sold for over $150,000 a year ago, selling for $75,000 or less this year.</p><p><br /></p><p>Anybody who refuses to acknowledge that the market is dropping, and dropping significantly, has their head buried in the sand.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 739585, member: 112"]There are always exceptions, so yes, some coins have sold for good money in recent auctions. But looking at the larger picture of the market as a whole it is indisputable that the market is dropping and has been dropping for over a year. Read a coin mag once in a while, even the market reports published weekly in [I]Coin World[/I] and [I]Numismatic News[/I], articles which are historically always upbeat, for the past year have reported nothing but market downturns. Talk to any dealer, read any show report - prices are dropping. And some have dropped quite a bit, with some examples 50% or more. And I am talking of specifics. Meaning the exact same coin that sold a year ago, selling recently for 50% of what it sold for then. Those kind of facts are pretty hard to argue with. And yes, these were high dollar coins. Coins that sold for over $150,000 a year ago, selling for $75,000 or less this year. Anybody who refuses to acknowledge that the market is dropping, and dropping significantly, has their head buried in the sand.[/QUOTE]
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