Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
State of the Hobby
>
Reply to Thread
Message:
<p>[QUOTE="baseball21, post: 2360016, member: 76863"]As Dave touched on saying that the economy played no role would simply not be true. </p><p><br /></p><p>I will expand on it further, by 1985 what had the collecting world just been through? The massive silver run up by the Hunt Brothers without question played a large role. I cannot recall the exact dates of when even common Morgans were fetching insane prices but if it was early 80s that absolutely played a role as well. </p><p><br /></p><p>Simply put a lot of collectors and shops especially lost a ton of money with the collapse of silver and only well funded ones could survive that type of hit, smaller shops had no chance if they had a substantial amount of silver on hand. It may have taken a few years to go under completely, but trying to dig out of that kind of hole is a very difficult proosition for a mid sized shop in a town that isn't exactly Beverly Hills. Not a knock on Reading, but it is hardly the barometer of a nation wide market. </p><p><br /></p><p><br /></p><p><br /></p><p>The internet would disagree with you. You wouldn't be seeing the sales numbers on EBay, Great Collections, David Lawrence Auctions, Heritage ect and even many shows are still successful if the hobby was a corpse. The generation before you was likely saying the same things about how it was going to die with them. </p><p><br /></p><p>The values certainly can hold today. The internet has opened up every buyer to just about the entire inventory available to find what they want or like. It has also opened up a world wide market that 40 years ago very few people would have been partaking in. </p><p><br /></p><p><br /></p><p><br /></p><p>That perception ended a while for things people thought were rare but were actually quite common. The internet has brought more transparency about rarities than has ever existed before. You have population reports from TPGs and numerous sales venues to see how often things come for sale and a general idea on how many have been graded and in what grades. It turns out that 16-D Merc or the 1909 S VDB aren't actually rare at all while some much cheaper Seated material could take you years to find a fitting one. </p><p><br /></p><p>We don't have to guess or trust a someone trying to sell us something for rarities anymore, you can see everything with your own eyes and a few minutes online. </p><p><br /></p><p><br /></p><p><br /></p><p>They won't implode but most will exit or switch focus barring another run up anytime in that time frame. I agree investing in bullion is not a good use of funds, but if it makes them happy and they can afford it more power to them. </p><p><br /></p><p>With that said if you ever spend sometime poking around around bullion sites or bullion forums, you will see a decent number of them end up crossing over to the numismatic side due to the interest in coins their silver stacking starts. You would be surprised how many collectors started off that way in the last 7 years or so.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2360016, member: 76863"]As Dave touched on saying that the economy played no role would simply not be true. I will expand on it further, by 1985 what had the collecting world just been through? The massive silver run up by the Hunt Brothers without question played a large role. I cannot recall the exact dates of when even common Morgans were fetching insane prices but if it was early 80s that absolutely played a role as well. Simply put a lot of collectors and shops especially lost a ton of money with the collapse of silver and only well funded ones could survive that type of hit, smaller shops had no chance if they had a substantial amount of silver on hand. It may have taken a few years to go under completely, but trying to dig out of that kind of hole is a very difficult proosition for a mid sized shop in a town that isn't exactly Beverly Hills. Not a knock on Reading, but it is hardly the barometer of a nation wide market. The internet would disagree with you. You wouldn't be seeing the sales numbers on EBay, Great Collections, David Lawrence Auctions, Heritage ect and even many shows are still successful if the hobby was a corpse. The generation before you was likely saying the same things about how it was going to die with them. The values certainly can hold today. The internet has opened up every buyer to just about the entire inventory available to find what they want or like. It has also opened up a world wide market that 40 years ago very few people would have been partaking in. That perception ended a while for things people thought were rare but were actually quite common. The internet has brought more transparency about rarities than has ever existed before. You have population reports from TPGs and numerous sales venues to see how often things come for sale and a general idea on how many have been graded and in what grades. It turns out that 16-D Merc or the 1909 S VDB aren't actually rare at all while some much cheaper Seated material could take you years to find a fitting one. We don't have to guess or trust a someone trying to sell us something for rarities anymore, you can see everything with your own eyes and a few minutes online. They won't implode but most will exit or switch focus barring another run up anytime in that time frame. I agree investing in bullion is not a good use of funds, but if it makes them happy and they can afford it more power to them. With that said if you ever spend sometime poking around around bullion sites or bullion forums, you will see a decent number of them end up crossing over to the numismatic side due to the interest in coins their silver stacking starts. You would be surprised how many collectors started off that way in the last 7 years or so.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
State of the Hobby
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...