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<p>[QUOTE="RedTiger, post: 1387710, member: 19098"]Coin values have been going up during the past 20 years. The next 20 years? Who knows. Will the best coin performers from the past 20 years be the best for the next 20? Unlikely. Much of the increase in coin prices has been fueled by increases in the price of silver and gold. While some numismatic coins, such as most key dates and early type coins have done very well, some others have only increase a bit or have been flat in price. Some series such as classic commems and top pop Franklins are actually down in price. </p><p><br /></p><p>What happened in 2008 was that liquidity dried up. Many dealers held their asking prices firm, but lowered their bids if coins were offered to them. So a nice 1882-CC might still have been $280 at retail ask, but maybe $140 at wholesale bid cash offer, instead of a closer in number in a more normal market. </p><p><br /></p><p>As always, how well a collector does financially tends to correlate with their grading skill, access to coins, and market knowledge. Be above average in all three skill areas and that person will do well financially. Be below average in all three areas and that person is almost sure to lose money. The average numismatic coin collector might be at break even after five years. The other thing to consider is that most of the money is made by dealers.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 1387710, member: 19098"]Coin values have been going up during the past 20 years. The next 20 years? Who knows. Will the best coin performers from the past 20 years be the best for the next 20? Unlikely. Much of the increase in coin prices has been fueled by increases in the price of silver and gold. While some numismatic coins, such as most key dates and early type coins have done very well, some others have only increase a bit or have been flat in price. Some series such as classic commems and top pop Franklins are actually down in price. What happened in 2008 was that liquidity dried up. Many dealers held their asking prices firm, but lowered their bids if coins were offered to them. So a nice 1882-CC might still have been $280 at retail ask, but maybe $140 at wholesale bid cash offer, instead of a closer in number in a more normal market. As always, how well a collector does financially tends to correlate with their grading skill, access to coins, and market knowledge. Be above average in all three skill areas and that person will do well financially. Be below average in all three areas and that person is almost sure to lose money. The average numismatic coin collector might be at break even after five years. The other thing to consider is that most of the money is made by dealers.[/QUOTE]
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