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How far can the price of 2005 mint set go?.
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<p>[QUOTE="cladking, post: 88971, member: 68"]I pretty much share your prediction if not your sentiments. </p><p><br /></p><p>There is a cycle to all things and your take on the likely events to unfold will probably not be too far off the mark. But there are many things we can do to lessen the chances of a major drop. Just recognizing the cycle in advance improves the chances we'll be on the right side of the move will serve to mitigate the effects a little. Warning the newbies that long term pricing is always dependent to some degree on supply even if in the short term it's demand which sets prices can help a little. </p><p><br /></p><p>This is not to say that there aren't good values and great collectibles among the newer coins, merely that it is up to them as a collector to recognize value and to be aware that collecting in hot areas may be enjoyable but they should be careful about the amount of money they put into it. These areas will still be available in the future and may be much cheaper to collect at that time. There may also be some extremely good short term speculations among these newer items and it is this which will likely set up the higher prices and subsequent fall. </p><p><br /></p><p>It is generally very unwise to speculate in a collectibles market even if you are aware of what you're doing. The chances of large profits and a percieved small risk trap many people into huge losses. Collectibles markets can turn quickly. Collectibles are a lot of fun to collect, so enjoy.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 88971, member: 68"]I pretty much share your prediction if not your sentiments. There is a cycle to all things and your take on the likely events to unfold will probably not be too far off the mark. But there are many things we can do to lessen the chances of a major drop. Just recognizing the cycle in advance improves the chances we'll be on the right side of the move will serve to mitigate the effects a little. Warning the newbies that long term pricing is always dependent to some degree on supply even if in the short term it's demand which sets prices can help a little. This is not to say that there aren't good values and great collectibles among the newer coins, merely that it is up to them as a collector to recognize value and to be aware that collecting in hot areas may be enjoyable but they should be careful about the amount of money they put into it. These areas will still be available in the future and may be much cheaper to collect at that time. There may also be some extremely good short term speculations among these newer items and it is this which will likely set up the higher prices and subsequent fall. It is generally very unwise to speculate in a collectibles market even if you are aware of what you're doing. The chances of large profits and a percieved small risk trap many people into huge losses. Collectibles markets can turn quickly. Collectibles are a lot of fun to collect, so enjoy.[/QUOTE]
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How far can the price of 2005 mint set go?.
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