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<p>[QUOTE=&quot;larssten, post: 2952613, member: 78319&quot;]Happy New Year Everyone! </p><p><br /></p><p>I started this thread, and it has taken me some time to answer it, because I lost motivation and got a bit upset by how the conversation turned out.</p><p><br /></p><p>I just asked a couple of simple questions I hoped to discuss and get some feedback on:</p><p><i><br /></i></p><p><i>- Does anyone have any insights to explain (if) any systematic underlying factors for the price adjustments? </i></p><p><i>- Or any other explanations for the specific examples mentioned above?</i></p><p><br /></p><p>There has been some good answers which I appreciate, and also attempts to interpret the graphs of the overall price developments published by PCGS. Looking at the graphs themselves does not answer my question. It just shows a significant downturn in prices overall - but it does not explain WHY. And within that data there are of course areas that goes up and areas that goes down - but in aggregate prices seems to have decreased in recent years. Where the highest contributing weights for up and downs are, I don&#039;t know.</p><p><br /></p><p>Some commentators mentioned and attempted to answer my question about systemic underlying factors for what I was seeing in my price guide (US Coin Digest 2018 vs. 2016). Macro-economic factors, unemployment, tax-levels..etc etc. And it was also mentioned interest in the hobby in itself - drawing analogies to the sport-cards &quot;craze&quot; of the 80s and 90s. Or the fact that we are moving towards a more cash-less society than before where coins and papermoney is something thats not as much part of our daily life.</p><p><br /></p><p>After I started the thread I have also looked at more coins and the developments between my 2016 and 2018 catalog. For some coins, like the Morgan Dollars, it seems like several have also increased in value - but some of the highest graded ones have decreased - but that again depends on year and mintmark. So it seems hard to say anything completely conclusive. And I guess part of my question was also how these different price guides collect their data (redbook, coin digest, pcgs, ngc etc.) thus perhaps explaining how certain coins like my example fluctuated so much in 2 years only.</p><p><br /></p><p>Anyways, I am just an intermediate experienced collector who loves to collect US coins as a hobby. In the beginning I started an &quot;Eliasberg-approach&quot; - trying to collect absolutely everything before 1964 - every denomination (except gold), every series, every year and mintmark - and sometimes detailed varieties therein.</p><p><br /></p><p>After a while I realized I ended up with too much, too broad focus and too many coins and series with lower qualities - as well as it was financially impossible to complete anything. Thus a need to narrow focus, interest and expenditures.</p><p><br /></p><p>So based on my few years of US coin collecting including looking at the price developments - I have summarized my takeaway&#039;s with the hobby as of now:</p><p>- Buy the coins I love the most (based on design and/or historical significance)</p><p>- Buy more books and read/study more (the utility/expense ratio is normally much higher)</p><p>- Focus on the series I love the most and sell other incomplete ones</p><p>- Buy the highest quality coins I can afford</p><p>- Sell duplicates to keep the hobby rolling</p><p>- Watch regular expenses and don&#039;t let the hobby get in the way of other (more) important parts of life - but don&#039;t be afraid to break the budget once in a while if necessary</p><p><br /></p><p>I guess I have derailed the topic of the thread somewhat here too - but it would be interesting to hear from you guys too how you as collectors have changed the strategy and plan of your collection depending on changes in market conditions, age, knowledge and interest.</p><p><br /></p><p>Thanks, </p><p>Lars[/QUOTE]</p><p><br /></p>

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