Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
CW - Feb Issue/ Louis Eliashberg's CC Coins
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 8189354, member: 73489"]<i><b>Where's the article ? Did you post it ?</b></i></p><p><b>Just based on inflation you would expect things to be about 10-15x more expensive today.</b> And coins had not moved up much in that time for 2 reasons: the demographic wave of coin collectors was about to hit for the next few decades....and the price of gold/silver was about to skyrocket in about 20-25 years.</p><p>I'll have to read the article but keep in mind that a simple linear increase in the price may overstate today's value because the population census when Eliasburg sold was much lower for many of his valuable coins.</p><p><br /></p><p>Also, <b>you just came off a HUGE 10-12 year run in silver and gold prices</b>, so his collection caught that, too (not the peak but still WAY up from 5-15 years earlier).</p><p>I can believe that. <b><span style="color: #ff0000">But that is still only a bit over 7% compounded over the last 40 years. </span></b> You could have matched or exceeded that with a portfolio of stocks, bonds, or both.</p><p><br /></p><p><b>It's what I have noted here for years: </b> unless you get lucky and are fortunate to load up at the bottom of a coin cycle and then sell at the top, returns for even prestigious ultra-rare coins are unlikely to hit 10% over a long period of time.</p><p>Will look for the article (<b><i>anybody got a link ?</i></b>) but I think I have also seen some catalogs from that auction (as well as others) that might be of interest to some of you.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8189354, member: 73489"][I][B]Where's the article ? Did you post it ?[/B][/I] [B]Just based on inflation you would expect things to be about 10-15x more expensive today.[/B] And coins had not moved up much in that time for 2 reasons: the demographic wave of coin collectors was about to hit for the next few decades....and the price of gold/silver was about to skyrocket in about 20-25 years. I'll have to read the article but keep in mind that a simple linear increase in the price may overstate today's value because the population census when Eliasburg sold was much lower for many of his valuable coins. Also, [B]you just came off a HUGE 10-12 year run in silver and gold prices[/B], so his collection caught that, too (not the peak but still WAY up from 5-15 years earlier). I can believe that. [B][COLOR=#ff0000]But that is still only a bit over 7% compounded over the last 40 years. [/COLOR][/B] You could have matched or exceeded that with a portfolio of stocks, bonds, or both. [B]It's what I have noted here for years: [/B] unless you get lucky and are fortunate to load up at the bottom of a coin cycle and then sell at the top, returns for even prestigious ultra-rare coins are unlikely to hit 10% over a long period of time. Will look for the article ([B][I]anybody got a link ?[/I][/B]) but I think I have also seen some catalogs from that auction (as well as others) that might be of interest to some of you.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
CW - Feb Issue/ Louis Eliashberg's CC Coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...