The days to come

Like all collectors, I too, like old things. The modern coins get older much faster than the old coins used to. This is the same effect as a watched pot never boiling; since people have most assuredly not been watching this pot it has been boiling violently and has been on the stove FOR A COUPLE GENERATIONS NOW. (and even longer in England)

 

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I agree with joecoin about the gold aspect of coin collecting. I think that in general American coin collecting is on the way out. The demographs of our country is changing and the interest is just not there for our history. As for Europe, they not having kids and no one there seems to care about the future. The way they going, Europe will just become an extension of Africa and the Middle East. As for Russia, China is waiting to swallow them up east of the Urals with population and will never have to volley a missle. Asia loves gold. The Middle East loves gold. Gold is the way to go in coins for you always will have some sort of value with the coin and if you pick the right trend, you will have that collectors hunger as well. However, I'm still talking about 20 years or so for real major changes. By the way for any of you energy investors, oil will out price itself by then and that's when those hybrid cars will be finished with their development stages. Then again what do I know, I didn't get interested with money until I had kids and I had kids late in life. Had a hell of a journey before that but then again, what do I know.

 

So the real question is, with the current economy is it bears or bulls for coins. hard to figure.

 

What is hard to figure is why anyone would feel the need to reply to a thread that has been dead for 8 years.

 

Because it showed up on a search and was interesting. BTW - I think the internet and ebay might have fuels a stabilization in the ups and downs of the coin market.

 

It's interesting to see what people's opinions in the past were, particularly when silver was at $5/oz & gold below $400/oz.

 

Why?

easy, please reference thread:

http://www.cointalk.com/t216524/

"Getting old".

 

DUE TO ABUSIVE of THIRD PARTY GRADING the coin collection or other collectors stop buying Plastic with MS70 or Proof 70.. I do not consider this is a Part of INVESTMENT.. It is a HOBBY!
Now with regards of investment coin BUY the one with you know will go up the value such as UNIQUE COIN and POPULAR and very expensive if that coins avalable in the Market...

 

What kind of unique coin do you prefer, redwin?

I was reading this thread, assuming it was all current, until I saw the mention of the PM prices...

 

This thread dates to 2004. I cannot deny or support any price observations, but what I find especially interesting:

1) OP alerts to a ragin' Bull market loaded with irrational exuberance: "many of them will likely say they see no end in sight. … outlandish levels … are we witnessing something that has never happened in the past - a new paradigm for the coin market ?" Nearly identical hyperbole to the Dot.Con or Real Estate Bubble, obv.
2) 'Game of Musical Chairs' or Value Shift: "...when the values of moderns did drop, the emphasis of collectors was simply directed to another area. Those older US coin series that had languished in the doldrums price wise soon began to creep up in value." This can be a subtle phenomenon appareciated in stocks, as 'savvy' traders evacuate hot sectors for 'value' - out of eToys & pets.com and into 'safe stocks' like GS, etc.

What I want to know - did 'modern US coin value' drop in mid 2004?
To what degree was PM's rise a factor in 'Older US Coins' advance?
For example, what were completed auctions for 'rarer date' or 'top value' Morgans on eBay back in 2004, 2007, 2009? (I see a very few in the USD$ 4,500. - 1,800. range, Oct. 2012)
What a better representative middle-market Silver coin metric? Any price charts, 5, 10-, 20-years?

I see (from my own research) an avg/typical Morgan "varietal" rose from 4x POS in 2005, UP to 27x POS in 2007, then back down (cratering in 2008/9?) to 2x POS in 2011 and 2012.
On eBay now, the highest priced VAM Morgan (few) are $350 -450. Those prices are likely due more to mintage & condition, I'd suspect: nothing avg/typical goes that high? Cursory read by this outsider: there seemed to be tons of acrimony in the VAM scene over published prices back in 2011 - investors were devastated and some folks really didn't want that data out there.

Are there public charts for coin prices indices online? Thanks!

 

Is that sort of along the line of "Those who ignore history are doomed to repeat it "

 

See below.

 

Yes and I was buying french gold francs back then for I felt that their collecting value itself might never go up but the gold melting value would while in the meanwhile I would enjoy just having them and when the time comes my wife could give them to the child who really wants them for what they are or everyone could just take them to "we buy gold" store.

I would recommend buy smart, buy what you brings you enjoyment and unless you really know what you doing, not think of this as a major investment vechicle to depend upon.


Read more: http://www.cointalk.com/t2616-3/#ixzz2ASO6TSIY

 

When hyperinflation comes, and it IS coming, you will see a titanic struggle between two points of view. One, investor-collectors desperately trying to lock in profits from past purchases (or break even), simply to get day-to-day living money, and Two, wealthy folks desperately looking for a place to park their rapidly-depreciating cash, putting money into the collectibles most likely to move up notch-for-notch with inflation; they will buy collectibles (instead of gold and silver) because there's a greater likelihood of finding screaming bargains, whereas there will be NO bargains in precious metals. Even the most unsophisticated, clueless patsy knows enough to call 3 or 4 coin shops to find the best offer for his unwashed sockful of silver dimes.

I don't know which point of view will win the battle, or lose the war, but I feel sure that a LOT of material will change hands in the space of a year or two.

 

Key dates are high right now.. at least in the old wheaty series. I'd sell the 09s vdb, 55DD, 22 plain, 31s reds, etc.. those have absolutely sky rocketed over the past 10 years. Silver is at a good spot buy point and ratio w.r.t. gold.. I think rolls of 64 halves, even bu's are a good spot to play in. Conditional rarities, probably the worst spot.. espectially modern conditional rarities imo. Doug is always worth listening to imo, he's live through a few ups and downs...... I'd be interested in his and others of his general historical viewpoint speak to what they feel,, both to the future environment (3 to 5 years in the future) as well as which spaces within the nuesmatic hobby will do best or worst in the near to mid term future of the hobby. Thankfully, I love the old cents and my collecting activity for the past 20 years has played out well as both a HOBBY and investment (should I decide to sell now). I can remember roughly 10 years ago searching the 'bay for red 31s cents, thinking.... "OMG $150" for a PCGS MS65 red 31S cent.. NO way!! Glad I went ahead and got one despite the crazy price... then again, I ALWAYS like to buy cheap and play in the cheap seats... that has served me well,,,, very well.

 

I agree, and I don't see coins as an investment, but it is interesting to see what people thought 8 years ago. Who knew the price of gold & silver would jump 500%? Personally, I collect because I enjoy it. I have no intention of selling any of my coins & i hope, one day, to pass them to my children.