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<p>[QUOTE=&quot;illini420, post: 726972, member: 19423&quot;]I&#039;ve posted this graph from the PCGS website before, but the timing of the article posted is very relevant, like Doug mentioned.&nbsp; In 1989 the market crashed very hard.&nbsp; Based on the PCGS 3000 index (which attempts to summarize the entire coin market), it hasn&#039;t even come back to 1/2 it&#039;s early 1989 peak levels.&nbsp; Many series like common Morgans and Classic Commemoratives probably aren&#039;t even back to 25% their previous highs.&nbsp; </p><p>&nbsp;</p><p><img src="http://www.pcgs.com/images/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>&nbsp;</p><p>In hindsight, it&#039;s very easy to say that people were paying crazy money.&nbsp; But in every up market that ends up being a bubble that burst, it&#039;s very very hard to call the top when you&#039;re in the middle of it.&nbsp; Like any investment, when you get into the market and when you get out is key.&nbsp; </p><p>&nbsp;</p><p>But if you&#039;re a collector first, then the foregoing just really doesn&#039;t matter as much <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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