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<p>[QUOTE="Vess1, post: 919985, member: 13650"]I agree with the above mentioned quote. We've pretty much been in a bad economy for a decade. It's hard to tell what things will be worth if we ever manage to just get back to normal.</p><p><br /></p><p> I believe the level of prices will play a role. I have several 70s myself. Mainly in commemoratives but a few others as well. I pick and choose what ones I'm comfortable with, while others, I refuse to pay the premium. If you look around, some 70s aren't that bad. I got one popular low mintage, $5 gold commem NGC MS70, at a show just last year for less than what it's spot price is worth now. I picked up a 2008 ASE PF70 for $80 off ebay maybe a year and a half ago. There's deals and situations out there where you may as well get the top graded one. </p><p><br /></p><p> On the other hand, a PF70 state quarter for 3 to $400 or a 2009 set of new Lincoln cent PF70s for $300 doesn't seem as appealing to me. Or worth it. They're simply too hyped at the moment. There's too many. I'll settle for my non-graded sets.</p><p><br /></p><p> There's plenty of stuff with huge premiums that have a lot of room to swing downward. While other coins have relatively small premiums for the highest grade. You have to think about what you're buying and weigh the risk. </p><p><br /></p><p> It's no different than monster toned coins. An equillibrium has to be met with supply vs. people capable of paying the asking prices. When prices get up into the thousands, <u>relatively</u> few people are willing or can be, buyers in that market, compared to buyers in the 50 to say 500 range. </p><p><br /></p><p> If 1/4 of those people lose interest in a few years, there's a long way to fall. Much more risk, the higher dollar you go, IMO. It becomes wild speculation over what something should be worth. Just like the mortgage crisis. Nobody can or will take the time to tally up what all the 2x4s, shingles, carpet, windows, doors, labor ect. cost to build a house. In order to at least get a base line. What you'd think should be critical to know, plays almost no roll at all. It's just factored in to the guess based on comparable homes. </p><p> Then you tack on the premium for location,neighborhood, etc., which is a wild unknown fueled by everybody's speculation. It's dollar value based on feelings at the time. Nothing more. No protection. This is why (formerly) hundreds of thousands worth of homes are being bulldozed in Detroit. Some to recoupe the land for aggriculture. Nobody wants to be there anymore and somebody got left holding the bag.</p><p> </p><p> It's plain and simple. The higher you go, the more there is to possibly loose, and the harder it is to gain.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 919985, member: 13650"]I agree with the above mentioned quote. We've pretty much been in a bad economy for a decade. It's hard to tell what things will be worth if we ever manage to just get back to normal. I believe the level of prices will play a role. I have several 70s myself. Mainly in commemoratives but a few others as well. I pick and choose what ones I'm comfortable with, while others, I refuse to pay the premium. If you look around, some 70s aren't that bad. I got one popular low mintage, $5 gold commem NGC MS70, at a show just last year for less than what it's spot price is worth now. I picked up a 2008 ASE PF70 for $80 off ebay maybe a year and a half ago. There's deals and situations out there where you may as well get the top graded one. On the other hand, a PF70 state quarter for 3 to $400 or a 2009 set of new Lincoln cent PF70s for $300 doesn't seem as appealing to me. Or worth it. They're simply too hyped at the moment. There's too many. I'll settle for my non-graded sets. There's plenty of stuff with huge premiums that have a lot of room to swing downward. While other coins have relatively small premiums for the highest grade. You have to think about what you're buying and weigh the risk. It's no different than monster toned coins. An equillibrium has to be met with supply vs. people capable of paying the asking prices. When prices get up into the thousands, [U]relatively[/U] few people are willing or can be, buyers in that market, compared to buyers in the 50 to say 500 range. If 1/4 of those people lose interest in a few years, there's a long way to fall. Much more risk, the higher dollar you go, IMO. It becomes wild speculation over what something should be worth. Just like the mortgage crisis. Nobody can or will take the time to tally up what all the 2x4s, shingles, carpet, windows, doors, labor ect. cost to build a house. In order to at least get a base line. What you'd think should be critical to know, plays almost no roll at all. It's just factored in to the guess based on comparable homes. Then you tack on the premium for location,neighborhood, etc., which is a wild unknown fueled by everybody's speculation. It's dollar value based on feelings at the time. Nothing more. No protection. This is why (formerly) hundreds of thousands worth of homes are being bulldozed in Detroit. Some to recoupe the land for aggriculture. Nobody wants to be there anymore and somebody got left holding the bag. It's plain and simple. The higher you go, the more there is to possibly loose, and the harder it is to gain.[/QUOTE]
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