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The FUN Show in Orlando. Jan. 5th-8th
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<p>[QUOTE="GoldFinger1969, post: 11721706, member: 73489"]I think there are lots of differences.</p><p><br /></p><p><b>In 1979-80, you still had the shocks of earlier in the decade playing out: </b> oil shocks....free-floating (falling !) currencies....inflation....etc. PM's skyrocketed 10-fold during the decade and then DOUBLED again in 6 months into the bubble peak of early-1980. Everything got dragged up with PM's. After the bubble burst, only commemoratives soared during the 1980's.</p><p><br /></p><p><b>Today, you are coming off a decade of falling prices as indicated by the PCGS 300 Index...</b>we "burned off" alot of the bubble excess in that time so alot of the "fluff" was out of the coins that were pricey from previous rises/bubbles....you also had a demographic imbalance with lots of older collectors selling and not being replaced by young buyers.</p><p><br /></p><p><b>As GDJMSP has noted, it looks like U.S. coins bottomed with the pandemic (see, PCGS 3000 Index). </b> Time will tell if it is the beginning of a new bull market or a very powerful countertrend rally. We know that with people at home...and with lots of stimulus and pandemic $$$...lots of stuff rose bigtime. The stuff that went up was the AFFORDABLE stuff: Morgan SDs under $500 and especially under $200....Small Denomination coins costing under $100....medium-grade currency like Large Denomination Bills ($500, $1,000, etc.).[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 11721706, member: 73489"]I think there are lots of differences. [B]In 1979-80, you still had the shocks of earlier in the decade playing out: [/B] oil shocks....free-floating (falling !) currencies....inflation....etc. PM's skyrocketed 10-fold during the decade and then DOUBLED again in 6 months into the bubble peak of early-1980. Everything got dragged up with PM's. After the bubble burst, only commemoratives soared during the 1980's. [B]Today, you are coming off a decade of falling prices as indicated by the PCGS 300 Index...[/B]we "burned off" alot of the bubble excess in that time so alot of the "fluff" was out of the coins that were pricey from previous rises/bubbles....you also had a demographic imbalance with lots of older collectors selling and not being replaced by young buyers. [B]As GDJMSP has noted, it looks like U.S. coins bottomed with the pandemic (see, PCGS 3000 Index). [/B] Time will tell if it is the beginning of a new bull market or a very powerful countertrend rally. We know that with people at home...and with lots of stimulus and pandemic $$$...lots of stuff rose bigtime. The stuff that went up was the AFFORDABLE stuff: Morgan SDs under $500 and especially under $200....Small Denomination coins costing under $100....medium-grade currency like Large Denomination Bills ($500, $1,000, etc.).[/QUOTE]
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The FUN Show in Orlando. Jan. 5th-8th
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