With gas cost almost $3 a gallon, you shouldn't worry about the cost of a coin. You need to worry about the cost of gas, food, toilet paper, and jelly beans. I filled my truck up yesterday and it cost me almost $38, and it is only a Tacoma. Think about the big trucks that eat up Diesel Fuel to get you bread and other staples. Although we aren't in terrible shape, we're heading there. You may want to think about the cost of living versus the cost of a coin.
Same with me, only it's 2x4's.........couple of years ago I could get 'culls' for $1.50/$2.00............went to Home Depot last week and they're commanding $7.95 and they ain't even 8 foot long (96"). Shmucks.
The cause of current timber prices is the decade of instability and low prices that followed the Great Recession, when America stopped building homes, leaving the lumber trade out to dry. The stunted recovery stripped the industry’s crucial middlemen—the mills themselves—to the bone. Building a new deck is expensive now because mills can’t ramp up to meet the demand surge—or won’t, nervous they’ll get caught with millions in underused machinery when prices crash back to earth. That's the fact, Jack.
You mean shop at Ten Dollar Tree? It is interesting to watch a spike in demand push prices up. The 1921-2021 fever has struck Morgan and Peace dollars. I kind of understand the Peace dollar price given its mintage and its historic interest but with 86,725,000 1921 P,D,S Morgans minted, even considering that a number of them were melted, I would think there isn't a shortage of supply. I guess this is what they call "hype."
From a couple of outdoor projects the past few years I still have 3-4x6x10's and one 8 foot 6x6 stacked in the garage. Maybe I should sell them and buy the 1916 SLQ I've always wanted.
I think high grade (MS66 and up) Washington 25c (the real, silver ones) have been tanking forever. I was working on a Registry Set and got up to #10 but bought at the wrong time and overpaid like crazy. Most of my coins are now worth about half what I paid for them! So I quit throwing good money after bad. Now I'm working on Standing Liberty 25c and overpaying out the wazoo, but at least they're better looking than Washington 25c.
Steel was affected by Covid-19. Last summer there was a surplus so much of the steel mills shut down production. The same with other commodities such a gasoline. Remember when the spot price on crude went negative? Part of the gasoline problems is with transport. Many truckers got out of the business so there's a shortage of drivers to transport fuel to stations. I think everyone needs to be patient this year. Things will start leveling off in time.
You might want to look at Sacagaweas or presidential dollars. I don't think they've ever been out of the tank.
I can never figure out the value of experts telling me inflation is a flat "X%". The average means absolutely nothing to the individual. All that matters is what you as an individual regularly need to purchase. Fuel is up about 20% in my area from a few months ago. An 8x4 sheet of OSB from home depot is up 3x since last year. An 8x4 sheet of unfinished plywood is $32 locally. Much higher in urban areas. This just happens to be happening after every adult in this country got thousands in stimulus over the past year. For the few extra gadgets or little bit of extra bills you were able to pay off with that, it may hurt all of us over the long run. Getting back to the OP, I bought an NGC MS-61 1921 Peace for $300, 6 months ago. I don't know if that would be considered high or low (probably depends on who you talk to) but I'm glad I grabbed it. I don't think they'll be going down. It's really tough to find an attractive option of that date at an attractive price. If you want one....... you're gonna pay.
I started looking at some eBay completed listings and noticed everything silver is going for crazy prices so I decided to sell off a bunch of stuff I can easily replace. I collect foreign and a lot of dealers don't realize how the market has picked up, so there's money to be made if you know what you're doing.
Not trying to turn the screw here but I'm curious as to some examples you purchased high and what they sell now for at a low. Also, was the high on those during the state quarters craze or did something else impact the price?
So I was recently involved in an auction at Heritage where I bid on a 1921 MS63. I'll grant you it was a nice example and I flipped out and bid too much putting my cap at $825.00 (twice what it was going for 6 months ago). I lost that auction - the last time I saw it the bid was at $1,100.00 without auction fees. So me and Peace Dollars are going to take a break. Source: Numismedia
They were basically flat until it looked like we might get 2021's and then they started going up. We saw the same thing happen with 1909 cents just before 2009 and buffalo nickels before the 2001 buffalo dollar. and 1916 dimes and quarter before the gold versions. I wouldn't be surprised if they are back down in a few years.
