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Has Anyone Tried buying a Substantial Part of a Coin's Population??
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<p>[QUOTE="GDJMSP, post: 3419637, member: 112"]What does information like that tell a collector, what does it indicate ?</p><p><br /></p><p>Well, it could possibly mean this - </p><p><br /></p><p><br /></p><p><br /></p><p>Or, it could mean this - </p><p><br /></p><p><br /></p><p><br /></p><p>Or, it could mean that neither one of the previous two things is true, but rather that the previous buyers did something that is all too common - they overpaid, and grossly so. </p><p><br /></p><p>So how does one answer the question ? Well, you need more information. Information like what did the coins sell for before the mentioned previous buyers bought them ? And information like have the coins been upgraded in recent years thus falsely inflating their value ? And information like what has the world coin market been doing in recent years ?</p><p><br /></p><p>I can't answer the 1st or 2nd questions because I don't know exactly which coins they were, but I can certainly answer the last. For roughly 15 years the market for world coins has undergone a boom the likes of which it has never seen. Prices for world coins have increased continuously since 2003. And that, all by itself should tell us something else, that the market for world coins is way, way overdue for a fall, a major correction. </p><p><br /></p><p>No market ever just goes one direction, all markets fluctuate, they go up and they go down. And when they only go one direction for a sustained period of time, then you know with certainty that it is only a matter of time before they turn around and go the other direction.</p><p><br /></p><p>As for the original question, over the years many have tried to corner the market for a particular coin of known scarcity in hopes of capitalizing on their efforts. None have ever been successful in achieving their goals.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3419637, member: 112"]What does information like that tell a collector, what does it indicate ? Well, it could possibly mean this - Or, it could mean this - Or, it could mean that neither one of the previous two things is true, but rather that the previous buyers did something that is all too common - they overpaid, and grossly so. So how does one answer the question ? Well, you need more information. Information like what did the coins sell for before the mentioned previous buyers bought them ? And information like have the coins been upgraded in recent years thus falsely inflating their value ? And information like what has the world coin market been doing in recent years ? I can't answer the 1st or 2nd questions because I don't know exactly which coins they were, but I can certainly answer the last. For roughly 15 years the market for world coins has undergone a boom the likes of which it has never seen. Prices for world coins have increased continuously since 2003. And that, all by itself should tell us something else, that the market for world coins is way, way overdue for a fall, a major correction. No market ever just goes one direction, all markets fluctuate, they go up and they go down. And when they only go one direction for a sustained period of time, then you know with certainty that it is only a matter of time before they turn around and go the other direction. As for the original question, over the years many have tried to corner the market for a particular coin of known scarcity in hopes of capitalizing on their efforts. None have ever been successful in achieving their goals.[/QUOTE]
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