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Do you own coins which were rare when you bought them, but no longer due to NEW HOARDS ?
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<p>[QUOTE="GoldFinger1969, post: 6454571, member: 73489"]Only if you pay me $100.....<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><b><i>Do you mean rare/scarce Liberty and Saint DE's.....or ANY Liberty or Saint DE's ?</i></b></p><p><br /></p><p><u>Because many coins trade at gold bullion prices and won't be affected by any hoards....and even scarce/rare ones, while theoretically POSSIBLE a few coins could be found (or even a bag) of 1930-S Saints or 1870-CC Liberty's....it's extremely doubtful.</u></p><p><br /></p><p>The 1933 Saint, with only 1 legally allowed to be sold (a few others out there) was going to be impacted by the Switt-Langbord coins (10 of them) but anybody who pays $7.6 MM for a coin can probalby withstand any drop caused by a hoard or new coins showing up. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>I think we know of all the ships that went down with Liberty DEs....there could be some surprises for a few dates and mintmarks, but nothing that probably isn't in the price.</p><p><br /></p><p>Doug Winter and a few others HAVE said that you do have this drip-drip-drip of Liberty's (and Saints) coming from Europe with probably individual holders selling...either original holders or heirs or estates. Unless you have a super-rare coin with a very low population, again, it's unlikely to CRASH the market though it could depress it and/or prevent price gains. <b><span style="color: #0000ff">Depends on the number and their condition.</span></b></p><p>Good points....but back in 1962 information was via newspaper or once a night on your local news....hoards were virtually unknown. Also, reporting and information is so much better today that you wouldn't find millions of MSDs hiding in vaults. Not even gold coins in bank vaults. Maybe a few bags here or there in a small bank away from major urban areas in South or Central American countries...maybe a military or junta leader or family member who pilfered them....etc.</p><p><br /></p><p>But we haven't seen that yet, so to expect the proverbial "other shoe to drop" when it hasn't for decades (and 20 years of the internet) is probably unlikely.</p><p>But the temptation when you get a large batch is to ditch them all at once, either then or today. Nobody wants to dribble out coins over YEARS and have to hold them. They want their $$$ today. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>In 1962, the price did hold up for a while on the 1903-O and 1904-O before a few coins turned into dozens...then hundreds...and then folks realized where they were all coming from.</p><p><br /></p><p>If someone in Denver has a few 1927-D Saints -- let alone even a PARTIAL bag of them -- the market will know very quickly. When you have a population census of < 25 coins and something shows up for sale every couple of years, you notice when 1 or 2 go off in a few weeks or months.</p><p>I'm not into Lincoln cents, but like most coins, <i>doesn't it have condition rarity at say the MS-67 or 68 or even 69 level ?</i>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 6454571, member: 73489"]Only if you pay me $100.....:D [B][I]Do you mean rare/scarce Liberty and Saint DE's.....or ANY Liberty or Saint DE's ?[/I][/B] [U]Because many coins trade at gold bullion prices and won't be affected by any hoards....and even scarce/rare ones, while theoretically POSSIBLE a few coins could be found (or even a bag) of 1930-S Saints or 1870-CC Liberty's....it's extremely doubtful.[/U] The 1933 Saint, with only 1 legally allowed to be sold (a few others out there) was going to be impacted by the Switt-Langbord coins (10 of them) but anybody who pays $7.6 MM for a coin can probalby withstand any drop caused by a hoard or new coins showing up. :D I think we know of all the ships that went down with Liberty DEs....there could be some surprises for a few dates and mintmarks, but nothing that probably isn't in the price. Doug Winter and a few others HAVE said that you do have this drip-drip-drip of Liberty's (and Saints) coming from Europe with probably individual holders selling...either original holders or heirs or estates. Unless you have a super-rare coin with a very low population, again, it's unlikely to CRASH the market though it could depress it and/or prevent price gains. [B][COLOR=#0000ff]Depends on the number and their condition.[/COLOR][/B] Good points....but back in 1962 information was via newspaper or once a night on your local news....hoards were virtually unknown. Also, reporting and information is so much better today that you wouldn't find millions of MSDs hiding in vaults. Not even gold coins in bank vaults. Maybe a few bags here or there in a small bank away from major urban areas in South or Central American countries...maybe a military or junta leader or family member who pilfered them....etc. But we haven't seen that yet, so to expect the proverbial "other shoe to drop" when it hasn't for decades (and 20 years of the internet) is probably unlikely. But the temptation when you get a large batch is to ditch them all at once, either then or today. Nobody wants to dribble out coins over YEARS and have to hold them. They want their $$$ today. :D In 1962, the price did hold up for a while on the 1903-O and 1904-O before a few coins turned into dozens...then hundreds...and then folks realized where they were all coming from. If someone in Denver has a few 1927-D Saints -- let alone even a PARTIAL bag of them -- the market will know very quickly. When you have a population census of < 25 coins and something shows up for sale every couple of years, you notice when 1 or 2 go off in a few weeks or months. I'm not into Lincoln cents, but like most coins, [I]doesn't it have condition rarity at say the MS-67 or 68 or even 69 level ?[/I][/QUOTE]
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Do you own coins which were rare when you bought them, but no longer due to NEW HOARDS ?
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