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<p>[QUOTE=&quot;GoldFinger1969, post: 9893303, member: 73489&quot;]I think that&#039;s reasonable.&nbsp; I think 2023 and how we finish 2022 are critical only because the stimulus checks and stay-at-home buying of 2020 and 2021 should largely have dissipated.&nbsp; We&#039;ll see if this is a brand new &quot;bull market&quot; or a correction in a continuing bear market beccause.....</p><p><br /></p><p><b><i>Don&#039;t you think that SLQs, Franklins, Lincoln Cents, Commemoratives, etc...all have huge demographic headwinds compared to when you and I grew up and collected ? </i></b> At least with Saints and Morgans you are dealing with coins that have PM content, plus overseas interest to the extent the coins are known there because of their previous links to gold and silver.&nbsp; No such connection with the coins I cited above.&nbsp; I wonder if collecting Small Denomination U.S. coins is headed the way of stamp collecting or even traditional sports card collecting (not the modern NFT-like crap <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />).</p><p><br /></p><p>Even if I didn&#039;t like spending big $$$ on Saint/Morgan numismatics, I could buy commons for a low premium to the underlying metal content and &quot;invest&quot; in the underlining metal at the same time.&nbsp; Can&#039;t do that with Nickels, Dimes, Pennies, Halfs, etc.</p><p><br /></p><p><b>If I spend $20,000 on a small Saint (or Morgan collection) maybe I can sell it for melt for that amount or $10,000-$15,000 or whatever. </b> But face value on those other coins I mentioned might be 1/10th or 1/100th or even 1/1000th of what someone pays for a condition rarity or scarce coin.</p><p><br /></p><p><b><span style="color: #ff0000">That would scare me, IF I was concerened with not suffering a total wipeout of my &quot;investment&quot; </span></b>(maybe I&#039;m OK with my collection of numismatics being worth 50-75 cents on the dollar if I get to enjoy them for 30 or 40 years but probably not if the decline is 50-75% or more).</p><p><b><br /></b></p><p><b>I think you and others have said -- and I have, too -- just ENJOY the hobby and your coins and assume nothing on future resale value. </b> If someone takes that position, and then they or their heirs or their estate gets much less than the purchase prices....who cares ?</p><p><br /></p><p>But when people THINK they are making an &quot;investment&quot; that goes well over time because they saw some slick infomercial or advertisement that cherry-picked start and end dates....that bothers me.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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