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<p>[QUOTE=&quot;GDJMSP, post: 967127, member: 112&quot;]Common date Morgans in 65 went from $150 to $1500 and up. And in the span of a few months they dropped to under $100. People who bought these coins back then are still underwater on their investments and it is widely believed that they will never recover their losses. Even in 2008, at the peak of the last bull market, they were still down over 60% in most cases.</p><p><br /></p><p>And yes your point about the lower grades being less volatile is well founded. But the bull market of the &#039;70s &amp; &#039;80s was an aberation that affected the entire market. Everything went up, slowly at first and then shot up, and then everything plummeted like somebody just hit flush handle.</p><p><br /></p><p>But the thing about common, lower grade, coins is that because the increases are small in dollar figures people tend not to notice them as much. A coin increasing in price from $1.50 to $3.00 just doesn&#039;t garner the attention that one increasing from $150 to $300 does - but yet the increase is the same percentage wise.</p><p><br /></p><p>Take the common Kennedy half. For years that coin languished in the doldrums, rarely increasing in price. But from 1998 to 2005 those common every day coins shot up in value over 300%. And very, very few even noticed it had happened. But the Morgans and the Lincolns that shot up 300-400% - everybody sure noticed them.</p><p><br /></p><p>This most recent bull market that we have experienced serves as an excellent study for any coin collector because of the advantages we have at our disposal that we have never had before. Because of technology and the internet we can go a look at what happened in the beginning and see everything that happened until the market turned the other way. And we can do it ourselves. We don&#039;t have to rely on some few articles that are printed in coin mags (which are typically quite biased to the positive side by the way) or wait for books about it to come out years later. And that is a huge advantage that we in the hobby have never had before.</p><p><br /></p><p>There are two sayings, cliches to the point of being trite, but yet never has there been anything so true. They are - history repeats itself, and - those that refuse to learn the lessons of history are doomed to repeat them. And these are not something new, they have been around for centuries. And their truth is why.</p><p><br /></p><p>So let us learn <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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