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<p>[QUOTE="johnmilton, post: 8246876, member: 101855"]Who knows? </p><p><br /></p><p>We might be getting ready for a replay of the 1979-80 coin market. Prices went through the roof a "regular hobbyists" were priced out of the market. You heard crazy talk from young dealers, who had never been though a frenzy before, that they were buying "rips" for "only" three or four times Grey Sheet bid. </p><p><br /></p><p>As with all such frenzies, the marry-go-round finally slowed down to a craw and the the market made a huge correction. If people had borrowed money to get into the business they were wiped out because the coins they had were worth a fraction of what they had paid. </p><p><br /></p><p>The ingredients are there. What seems to be impending hyperinflation, a determination to get away from cash and into “things” because cash is worth less every day and some less that rational people doing the buying.</p><p><br /></p><p>I wish I knew what to do other than sit on a lot of what I have. Panic selling is never a good move with stocks and bonds. As for the coins, tokens, medals and gold I suppose I’ll keep most of it. Like a dumb collector, I enjoy it too much. On the other side, I might end up pulling in my horns so far as buying goes. Forty years ago I built a set of Two Cent Pieces in EF to satisfy my collecting tooth. That set is not as easy to find as it might sound.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 8246876, member: 101855"]Who knows? We might be getting ready for a replay of the 1979-80 coin market. Prices went through the roof a "regular hobbyists" were priced out of the market. You heard crazy talk from young dealers, who had never been though a frenzy before, that they were buying "rips" for "only" three or four times Grey Sheet bid. As with all such frenzies, the marry-go-round finally slowed down to a craw and the the market made a huge correction. If people had borrowed money to get into the business they were wiped out because the coins they had were worth a fraction of what they had paid. The ingredients are there. What seems to be impending hyperinflation, a determination to get away from cash and into “things” because cash is worth less every day and some less that rational people doing the buying. I wish I knew what to do other than sit on a lot of what I have. Panic selling is never a good move with stocks and bonds. As for the coins, tokens, medals and gold I suppose I’ll keep most of it. Like a dumb collector, I enjoy it too much. On the other side, I might end up pulling in my horns so far as buying goes. Forty years ago I built a set of Two Cent Pieces in EF to satisfy my collecting tooth. That set is not as easy to find as it might sound.[/QUOTE]
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