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Director Moy apparently has confidence in 5-oz quarter bullion coins
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<p>[QUOTE="Marshall, post: 979439, member: 21705"]100,000 for circulating coins is rare. 100,000 for artificial specialized market products are not. After the 'Investors' and 'Speculators' start trying to realize their profit by selling, they will usually discover the actual collecting market will not support the initial premiums. Just look at your price guide at all the proof sets selling below their issue price and realize most of them were only one of two products available from the mint.</p><p><br /></p><p>Now there are nearly 100 different mint products dividing the same basic market and more new issues than one can keep up with. How could any of these modern collectors afford to even think about filling in back sets that they are missing? Demand falls further! The premium will exist only for a short time for MOST Mint coins. After an initial surge in prices caused by a very few well healed collectors seeking registry coins and those filling the last hole before their friends, the demand falls sharply. Then a gradual trend of falling prices as people who don't initially sell coins at a loss begin to figure out that the prices will keep falling rather than recovering and add their unwanted supply to the falling market until the market stabilizes between 5 and 10 years after they are issued.</p><p><br /></p><p>Now there are always exceptions, usually concerning errors which are a gamble in the first place. But ask anyone who has been around though this cycle repeatedly if this is not true?[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 979439, member: 21705"]100,000 for circulating coins is rare. 100,000 for artificial specialized market products are not. After the 'Investors' and 'Speculators' start trying to realize their profit by selling, they will usually discover the actual collecting market will not support the initial premiums. Just look at your price guide at all the proof sets selling below their issue price and realize most of them were only one of two products available from the mint. Now there are nearly 100 different mint products dividing the same basic market and more new issues than one can keep up with. How could any of these modern collectors afford to even think about filling in back sets that they are missing? Demand falls further! The premium will exist only for a short time for MOST Mint coins. After an initial surge in prices caused by a very few well healed collectors seeking registry coins and those filling the last hole before their friends, the demand falls sharply. Then a gradual trend of falling prices as people who don't initially sell coins at a loss begin to figure out that the prices will keep falling rather than recovering and add their unwanted supply to the falling market until the market stabilizes between 5 and 10 years after they are issued. Now there are always exceptions, usually concerning errors which are a gamble in the first place. But ask anyone who has been around though this cycle repeatedly if this is not true?[/QUOTE]
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Director Moy apparently has confidence in 5-oz quarter bullion coins
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