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<p>[QUOTE="hinnelton, post: 534701, member: 14999"]My dealer (he he) has been buying tons. Borrowing to buy more. Rolls and rolls of unc Morgan and Peace dollars. Fractional gold. But mostly tons of silver stuff. He bought 10 unopened 1923 Peace dollar rolls for like $575 a pop. He's an honest guy, but that price just seems too low. Less than $30 a coin for a roll still in the original paper?</p><p> </p><p>Right now he has so much inventory that he is dying for cash (Anyone looking to buy?). From his POV, right now more people are liquidating their holdings than accumulating. The economy is scary. People are holding their cash.</p><p> </p><p>To me, if you have some $$, now is an excellent time to cherry pick from what people are dumping on dealers to raise cash. But then again, I believe silver and gold are getting ready to skyrocket with the global financial apparatus in one hell of a vise, but what do I know? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p> </p><p>I also believe that if/when the above prediction regarding gold and silver comes to pass...and when people realize that the markets are NOT bouncing for a long time - going sideways at best...the collecting of coins, which will start with the hoarding of bullion coins like the St Gaudens, will just naturally re-emerge as a reliable (key word) exchange for protecting one's wealth. Whether that turns out to be true in 5 or 10 years will matter in, well, 5 or 10 years.</p><p> </p><p>IMHO of course <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="hinnelton, post: 534701, member: 14999"]My dealer (he he) has been buying tons. Borrowing to buy more. Rolls and rolls of unc Morgan and Peace dollars. Fractional gold. But mostly tons of silver stuff. He bought 10 unopened 1923 Peace dollar rolls for like $575 a pop. He's an honest guy, but that price just seems too low. Less than $30 a coin for a roll still in the original paper? Right now he has so much inventory that he is dying for cash (Anyone looking to buy?). From his POV, right now more people are liquidating their holdings than accumulating. The economy is scary. People are holding their cash. To me, if you have some $$, now is an excellent time to cherry pick from what people are dumping on dealers to raise cash. But then again, I believe silver and gold are getting ready to skyrocket with the global financial apparatus in one hell of a vise, but what do I know? :) I also believe that if/when the above prediction regarding gold and silver comes to pass...and when people realize that the markets are NOT bouncing for a long time - going sideways at best...the collecting of coins, which will start with the hoarding of bullion coins like the St Gaudens, will just naturally re-emerge as a reliable (key word) exchange for protecting one's wealth. Whether that turns out to be true in 5 or 10 years will matter in, well, 5 or 10 years. IMHO of course :)[/QUOTE]
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