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<p>[QUOTE="GoldFinger1969, post: 4412528, member: 73489"]Agreed...and the SS Central America thing is a unique anomaly, IMO. You basically had a super-rare coin (the 1857-S) suddenly get hundreds of Gem Quality coins available...but the market, instead of treating them as 1 coin, have priced them as 2 with the SSCA's commanding a huge premium over the originals. I believe both have started to fall a bit in recent years, but I may be wrong (don't track them that closely, only sporadically).</p><p><br /></p><p><b>You also had lots of people buy into the SSCA's of all types when gold was low (~$300/oz.) thinking they would ride a rising bullion market.</b> Instead, gold went up 6-fold the next 11 years and most of the coins were flat or went up a bit or even lost money. The premiums to gold content were RIDICULOUS at the time. Makes the Coin Infomercials look like bargain basement pricing. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Everybody wanted to own them at that exact time so it was like 200 people trying to fit through a door all at once. My cousin paid like $3,500 for I think a $10 or $5 coin (AU condition ?) and I think he's maybe breaking even almost 20 years later.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4412528, member: 73489"]Agreed...and the SS Central America thing is a unique anomaly, IMO. You basically had a super-rare coin (the 1857-S) suddenly get hundreds of Gem Quality coins available...but the market, instead of treating them as 1 coin, have priced them as 2 with the SSCA's commanding a huge premium over the originals. I believe both have started to fall a bit in recent years, but I may be wrong (don't track them that closely, only sporadically). [B]You also had lots of people buy into the SSCA's of all types when gold was low (~$300/oz.) thinking they would ride a rising bullion market.[/B] Instead, gold went up 6-fold the next 11 years and most of the coins were flat or went up a bit or even lost money. The premiums to gold content were RIDICULOUS at the time. Makes the Coin Infomercials look like bargain basement pricing. :D Everybody wanted to own them at that exact time so it was like 200 people trying to fit through a door all at once. My cousin paid like $3,500 for I think a $10 or $5 coin (AU condition ?) and I think he's maybe breaking even almost 20 years later.[/QUOTE]
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Insane coin prices today: HA and CNG
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