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Recent news post on Coinweek grabbed my attention...
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<p>[QUOTE="cladking, post: 3248029, member: 68"]Indeed! Perhaps even nations that didn't exist.</p><p><br /></p><p>The market will stay strong over the next ten years only for coins that are experiencing increased demand. This will include relatively few US coins. But there will be areas that remain strong and there could well be a general price improvement with any uptick in employment from these levels and increase in money velocity. Much of this "strength" would be illusory and manifestation of inflation. </p><p><br /></p><p>The baby boomers have become net sellers and this will pressure the types of coins they collect. The coins are as desirable as ever but this is a demographic sea change that will hold down prices until newbies become interested in these coins. </p><p><br /></p><p>The problem with grading has nothing to do with gradeflation or any specific individual. The problem with "grading" is that it is defined as the value rather than the condition of coins. The various characteristics that make up a coin's grade pass in and go out of style so coins that were properly "graded" become dreck or need a bump in grade.</p><p><br /></p><p>I believe we should use catalogs to determine value and grading services to grade and authenticate as well as to preserve. When you put the cart before the horse you tend to spend a lot of time in ditches and detours.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3248029, member: 68"]Indeed! Perhaps even nations that didn't exist. The market will stay strong over the next ten years only for coins that are experiencing increased demand. This will include relatively few US coins. But there will be areas that remain strong and there could well be a general price improvement with any uptick in employment from these levels and increase in money velocity. Much of this "strength" would be illusory and manifestation of inflation. The baby boomers have become net sellers and this will pressure the types of coins they collect. The coins are as desirable as ever but this is a demographic sea change that will hold down prices until newbies become interested in these coins. The problem with grading has nothing to do with gradeflation or any specific individual. The problem with "grading" is that it is defined as the value rather than the condition of coins. The various characteristics that make up a coin's grade pass in and go out of style so coins that were properly "graded" become dreck or need a bump in grade. I believe we should use catalogs to determine value and grading services to grade and authenticate as well as to preserve. When you put the cart before the horse you tend to spend a lot of time in ditches and detours.[/QUOTE]
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