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<p>[QUOTE="srkjkd, post: 191359, member: 7248"]in late 79 to early 1980 prices were really poised to "break out" in the precious metals market as well as in "investment potential" rare coins..experts were definitely saying buy silver gold and ms 65 coins like morgan dollars..buy buy buy the prices are going to skyrocket. silver was around $45 and morgans were hitting (if memory serves)... close to $500... wall street investment houses were all over it so it must be good. they are experts in finance!!! hmmmm...how did they do? coins are like anything else...a given coin is worth x amount of dollars to individual x at any given time. i could buy an 1875-S trade dollar in xf condition for 150-200 when i was collectiing in 1980-89 era and, well, they are pretty much same price since then. other coins have fared better..others haven't. unfortunately i really don't know the future. i want to believe i am buying incredible bargains with every single purchase i make at any given time and when i sell, it will be at the most extravagant prices ever paid for that date and denomination. those purchases will be legendary in the coiin community!! or at least in my mind!!! unfortunately, it probably won't be that way, so i will settle for having paid a fair price for nice coins which i have enjoyed for years. settling for "the enjoyment of my purchases was legendary!"...wish there was some way to determine cycles and whats undervalued at any given time plus what will be the demand in the future. i can't even guess the future price of the djia for a year despite having all the financials and technical info to go thru. sorry for the long post .just my own observation and opinion for what little its worth..steve[/QUOTE]</p><p><br /></p>
[QUOTE="srkjkd, post: 191359, member: 7248"]in late 79 to early 1980 prices were really poised to "break out" in the precious metals market as well as in "investment potential" rare coins..experts were definitely saying buy silver gold and ms 65 coins like morgan dollars..buy buy buy the prices are going to skyrocket. silver was around $45 and morgans were hitting (if memory serves)... close to $500... wall street investment houses were all over it so it must be good. they are experts in finance!!! hmmmm...how did they do? coins are like anything else...a given coin is worth x amount of dollars to individual x at any given time. i could buy an 1875-S trade dollar in xf condition for 150-200 when i was collectiing in 1980-89 era and, well, they are pretty much same price since then. other coins have fared better..others haven't. unfortunately i really don't know the future. i want to believe i am buying incredible bargains with every single purchase i make at any given time and when i sell, it will be at the most extravagant prices ever paid for that date and denomination. those purchases will be legendary in the coiin community!! or at least in my mind!!! unfortunately, it probably won't be that way, so i will settle for having paid a fair price for nice coins which i have enjoyed for years. settling for "the enjoyment of my purchases was legendary!"...wish there was some way to determine cycles and whats undervalued at any given time plus what will be the demand in the future. i can't even guess the future price of the djia for a year despite having all the financials and technical info to go thru. sorry for the long post .just my own observation and opinion for what little its worth..steve[/QUOTE]
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