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<p>[QUOTE="GoldFinger1969, post: 16914685, member: 73489"]It's an interesting article which makes some good points....but I don't think it's practical to ask coin collectors (hobbyists) or numismatists (professionals) to "create a market" for an underserved niche in the market. Yes, that IS what stock researchers do....try and find UNDISCOVERED stocks that are cheap. But there, you can get paid to wait -- dividends -- and you can see small inflows into your stock or sector while awaiting to be discovered (i.e., NFLX).</p><p><br /></p><p>Get-rich quick or Get-rich slowly columns on coins will just not work IMO -- <b><i>like daytrading, they will have a FEW winners but MANY MORE losers. </i></b></p><p><br /></p><p>Ironically, I do think that if gold and/or silver are substantially higher 5-10 years down the road <b><span style="color: #00b359">they will drag up anything tied to gold or silver</span></b> except specific coins with huge numismatic premiums (they should go up anyway, though they may lag the bullion rise).</p><p><br /></p><p><b><span style="color: #000000">If gold goes up to $3,000 -- and I could be conservative there -- in the next decade, then it's going to drag up any generic Saint or Liberty DE or any other gold coin.</span> </b> MS-63 to MS-65 Saints will be $4,000 to $5,000 depending on the numismatic premium then established. OTOH, maybe a pricey MCMVII HR Saint won't be affected if you paid $30,000 for it when gold was $2,000/oz.</p><p><br /></p><p>BTW, <span style="color: #0000ff"><b>Patrick Heller has some VERY GOOD columns</b> </span>that are good reading, including the one <b><i>"Some U.S. Coin Prices Have Soared." </i></b> But he's a bit conspiratorial about stuff like price-fixing, COMEX futures, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 16914685, member: 73489"]It's an interesting article which makes some good points....but I don't think it's practical to ask coin collectors (hobbyists) or numismatists (professionals) to "create a market" for an underserved niche in the market. Yes, that IS what stock researchers do....try and find UNDISCOVERED stocks that are cheap. But there, you can get paid to wait -- dividends -- and you can see small inflows into your stock or sector while awaiting to be discovered (i.e., NFLX). Get-rich quick or Get-rich slowly columns on coins will just not work IMO -- [B][I]like daytrading, they will have a FEW winners but MANY MORE losers. [/I][/B] Ironically, I do think that if gold and/or silver are substantially higher 5-10 years down the road [B][COLOR=#00b359]they will drag up anything tied to gold or silver[/COLOR][/B] except specific coins with huge numismatic premiums (they should go up anyway, though they may lag the bullion rise). [B][COLOR=#000000]If gold goes up to $3,000 -- and I could be conservative there -- in the next decade, then it's going to drag up any generic Saint or Liberty DE or any other gold coin.[/COLOR] [/B] MS-63 to MS-65 Saints will be $4,000 to $5,000 depending on the numismatic premium then established. OTOH, maybe a pricey MCMVII HR Saint won't be affected if you paid $30,000 for it when gold was $2,000/oz. BTW, [COLOR=#0000ff][B]Patrick Heller has some VERY GOOD columns[/B] [/COLOR]that are good reading, including the one [B][I]"Some U.S. Coin Prices Have Soared." [/I][/B] But he's a bit conspiratorial about stuff like price-fixing, COMEX futures, etc.[/QUOTE]
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