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<p>[QUOTE=&quot;World Colonial, post: 2463201, member: 78153&quot;]Coin prices have been a beneficiary of the greatest asset, credit and debt mania in the history of civilization.&nbsp; In other words, the one which exists now and has since at least 1994 when &quot;lift off&quot; occurred.&nbsp; I expect many (if not most) others believe otherwise, but I rate the chances of any similar performance at near zero.</p><p><br /></p><p>Outside of bullion substitutes, coins are actually luxury collectible trinkets.&nbsp; And as a luxury item, they are susceptible to losing value because most people are worse off now and have been since at least 1999.&nbsp; This is the first reason I believe most coins will lose value because I have zero doubt that most people will be worse off for the indefinite future and this includes most collectors.</p><p><br /></p><p>Second, I&#039;d be interested to know the coins this author bought.&nbsp; My guess is that if I saw his list, I&#039;d probably conclude they were both NOT rare and overpriced for their merits.&nbsp; And where they are actually rare or at least scarce, still primarily the beneficiary of the prior rising trend in the general market at the time.</p><p><br /></p><p>There are a very low percentage of coins which are (in theory) immune from the adverse economic circumstances almost certainly impacting the majority of the collector base.&nbsp; (Those I call &quot;ultra elite&quot; or near it.)However, this doesn&#039;t apply to the vast majority of coins most coin &quot;investors&quot; are likely to buy both because they cannot afford them but also because they aren&#039;t really that compelling for what they are worth.</p><p><br /></p><p>Unless the future collector base is (a lot) more affluent than the current one or existing (affluent) collectors allocate a (much) higher percentage of their assets to coins, there is a much better reason to believe that most coins will be losing value, rare or not.&nbsp; The primary exception I see is bullion substitute &quot;investment&quot; coins such as US generic gold and maybe some Morgan dollars since I expect higher metal prices years or decades from now versus today.[/QUOTE]</p><p><br /></p>

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