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<p>[QUOTE="GoldFinger1969, post: 2105209, member: 73489"]Makes sense, IM.....what would be most useful would be those people who bought at huge premiums in both 1988-90 and 1999-2002. The rising price of gold didn't bail anybody out.</p><p><br /></p><p><b><span style="color: #0000ff">In 1989, MS-66 Saint commons were $10,000 or mor</span></b>e. That premium collapsed.</p><p><br /></p><p><b><span style="color: #0000ff">In 2000 or 2002 (I forget which), MS-65 Saint commons were $2,400 </span></b>or so. Gold went up a ton but their price fell (again, the premium) over the next decade.</p><p><br /></p><p>While 50-60% premiums can go lower, MOST of the hot-air has dissipated.</p><p><br /></p><p><b><span style="color: #4d4dff">A good example of seller actions might be those 2 instances.</span></b> <b>It appears it takes a decade or so before sellers 'get religion.' </b></p><p><br /></p><p>Using the SS Central America coins as a guide, I finally have seen some (some !<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />) sellers of the re-strikes and the actual shipwrecked coins come down in price. This was a few years ago (I actually bought at about a 10% premium to bullion) after <b><span style="color: #ff0000">many had paid 200-500% premiums</span></b> for some of the lower-priced 'retail' stuff.</p><p><br /></p><p>Unfortunately, with the price of gold having fallen a few hundred dollars the last few years, I see the sellers resistant to chase the price of bullion lower. The price they could have gotten 2-3 years ago isn't available anymore, though NOW they'd take it.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 2105209, member: 73489"]Makes sense, IM.....what would be most useful would be those people who bought at huge premiums in both 1988-90 and 1999-2002. The rising price of gold didn't bail anybody out. [B][COLOR=#0000ff]In 1989, MS-66 Saint commons were $10,000 or mor[/COLOR][/B]e. That premium collapsed. [B][COLOR=#0000ff]In 2000 or 2002 (I forget which), MS-65 Saint commons were $2,400 [/COLOR][/B]or so. Gold went up a ton but their price fell (again, the premium) over the next decade. While 50-60% premiums can go lower, MOST of the hot-air has dissipated. [B][COLOR=#4d4dff]A good example of seller actions might be those 2 instances.[/COLOR][/B] [B]It appears it takes a decade or so before sellers 'get religion.' [/B] Using the SS Central America coins as a guide, I finally have seen some (some !:D) sellers of the re-strikes and the actual shipwrecked coins come down in price. This was a few years ago (I actually bought at about a 10% premium to bullion) after [B][COLOR=#ff0000]many had paid 200-500% premiums[/COLOR][/B] for some of the lower-priced 'retail' stuff. Unfortunately, with the price of gold having fallen a few hundred dollars the last few years, I see the sellers resistant to chase the price of bullion lower. The price they could have gotten 2-3 years ago isn't available anymore, though NOW they'd take it.[/QUOTE]
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