Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How far can the price of 2005 mint set go?.
>
Reply to Thread
Message:
<p>[QUOTE="claw, post: 88866, member: 3699"]In my opinion, what has happened in the past does not reflect the same patterns of today. I beliive we are in a new pattern.Unlike any we have seen before. Ther are many reasons why,for instance, the internet, millions of collectors ,and thousands of new collectors every day.Though, what is driving this market is the newbies or inexperienced collectors.Willing to pay anything to get the new "hot" item. Which, in turn, will drive up the prices to who knows how much. Think about it, as for the short term, the demand will always be there. With 2 more years of state quarters to be released, there is going to be a greater demand. More demand = higher prices. Following a market crash somewhere in 2009 or 2010 (if were still here) The demand will loosen shortly after the state quarter series. After the newbies realize coins are not an investment, after paying the high prices, they will sale their coins probably losing a chunk of their money.</p><p><br /></p><p>I see something happening kinda like the sports cards industry in the 90's.</p><p>Way too many companies putting out way to many collections and subsets, so that it is nearly impossible to collect all of them unless you have very deep pockets.</p><p>Which in turn kills the market and drives up the prices of truly rare and old cards.</p><p><br /></p><p>Im almost positive the 2005 set will be at least $50 by summertime, and maybe $100 a year from now.</p><p><br /></p><p>This is the beginning of the end.[/QUOTE]</p><p><br /></p>
[QUOTE="claw, post: 88866, member: 3699"]In my opinion, what has happened in the past does not reflect the same patterns of today. I beliive we are in a new pattern.Unlike any we have seen before. Ther are many reasons why,for instance, the internet, millions of collectors ,and thousands of new collectors every day.Though, what is driving this market is the newbies or inexperienced collectors.Willing to pay anything to get the new "hot" item. Which, in turn, will drive up the prices to who knows how much. Think about it, as for the short term, the demand will always be there. With 2 more years of state quarters to be released, there is going to be a greater demand. More demand = higher prices. Following a market crash somewhere in 2009 or 2010 (if were still here) The demand will loosen shortly after the state quarter series. After the newbies realize coins are not an investment, after paying the high prices, they will sale their coins probably losing a chunk of their money. I see something happening kinda like the sports cards industry in the 90's. Way too many companies putting out way to many collections and subsets, so that it is nearly impossible to collect all of them unless you have very deep pockets. Which in turn kills the market and drives up the prices of truly rare and old cards. Im almost positive the 2005 set will be at least $50 by summertime, and maybe $100 a year from now. This is the beginning of the end.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How far can the price of 2005 mint set go?.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...