Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is the stock market recent boom contributed any to coin market?.
>
Reply to Thread
Message:
<p>[QUOTE="Danr, post: 254196, member: 3715"]Ok coins and the stock market, I will just think out loud on this. it occurs to me that the coin market is a tiny market that is subject to much greater manipulation. The simple presence of HSN selling coins is some thing that moves the market. All I'm saying is that a small player like HSN can send real ripples through the coin market.</p><p><br /></p><p> As I see it when money leaves stocks it does not rush into rare coins (sorry to tell ya) I'd say it goes into bonds, when big money is made on the stock market the coin market may get a blip (just like the fine art market). </p><p><br /></p><p>I'd say the presence of Ebay is way more important to the coin market than any other single factor, if there were an Ebay designed just for coins with lower transaction fees and coin experts policing ads for the stupid things we see on Ebay it would rock the coin market to the core and might send numismatic items lower.</p><p><br /></p><p>The other big thing in the coin market is TPG's especially PCGS (which oddly enough was started to "trade coins like stocks") it never fufilled that mandate but it did give some security to neophite coin people, but more importantly they started keeping careful cencuses on coins that helped to determine rarity . Two effects of this: registry sets, and resubmissions. The resubmissions messed up their numbers a little and made a few people a lot of money based on PCGS's everchanging standards.</p><p><br /></p><p><br /></p><p>Just a few random thoughts (as you can tell I am no expert).[/QUOTE]</p><p><br /></p>
[QUOTE="Danr, post: 254196, member: 3715"]Ok coins and the stock market, I will just think out loud on this. it occurs to me that the coin market is a tiny market that is subject to much greater manipulation. The simple presence of HSN selling coins is some thing that moves the market. All I'm saying is that a small player like HSN can send real ripples through the coin market. As I see it when money leaves stocks it does not rush into rare coins (sorry to tell ya) I'd say it goes into bonds, when big money is made on the stock market the coin market may get a blip (just like the fine art market). I'd say the presence of Ebay is way more important to the coin market than any other single factor, if there were an Ebay designed just for coins with lower transaction fees and coin experts policing ads for the stupid things we see on Ebay it would rock the coin market to the core and might send numismatic items lower. The other big thing in the coin market is TPG's especially PCGS (which oddly enough was started to "trade coins like stocks") it never fufilled that mandate but it did give some security to neophite coin people, but more importantly they started keeping careful cencuses on coins that helped to determine rarity . Two effects of this: registry sets, and resubmissions. The resubmissions messed up their numbers a little and made a few people a lot of money based on PCGS's everchanging standards. Just a few random thoughts (as you can tell I am no expert).[/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
>
Is the stock market recent boom contributed any to coin market?.
>
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...