Message:

<p>[QUOTE=&quot;World Colonial, post: 2500845, member: 78153&quot;]Yes, your point was the same as mine.</p><p><br /></p><p>Somewhat different dynamics, but the collectors I know in South Africa on the BidOrBuy forum share the exact same sentiments as the OP.&nbsp; I have collected this series since 1998 and saw the huge run up to YE 2011.&nbsp; I dumped most of my collection (value wise) in 2009 and 2010.&nbsp; Since then, Union and ZAR have both cratered and this also applies to elite coins in these two series though they are (much) cheaper than this one.</p><p><br /></p><p>The difference between the two is that British coins have a much wider collector base than South African.&nbsp; I presume the OP is an American (edited: I now see that he is not) and its my opinion that US collectors have been the primary buyers inflating the value of the better British coins and overwhelmingly for those in a TPG holder.</p><p><br /></p><p>However, this doesn&#039;t mean that any coin is a &quot;wealth preservation asset&quot; as these South African collectors claim and as the OP either stated or implied.&nbsp; The value for the overwhelming percentage of coins is actually dependent upon the personal financial circumstances and fickle preferences of a handful of buyers.&nbsp; That isn&#039;t exactly something I would count on to preserve my wealth.</p><p><br /></p><p>There are always going to be a large number who can pay the same or more as the last price.&nbsp; The relevant question is how many and how much?&nbsp; It isn&#039;t often that coins in the five or six figures sell for less than the prior price because most of the time, the owner will just wait.&nbsp; However, waiting could be a long time.</p><p><br /></p><p>In the Rudman sales, two of his prominent Mexican coins sold for essentially the same price as he paid in 1985 and 1996.&nbsp; This can easily happen to anyone who overpays and this result was also in mostly a rising market.[/QUOTE]</p><p><br /></p>

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