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The Sky is fallingl on all ms70 and pr70 coins....
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<p>[QUOTE="About Good, post: 975587, member: 21547"]This is just an FYI for any newcomers, or even some veterans , who think the high end modern (and that is what is getting the ms70 and pr70 grades) coin market will either hold or even think it will grow. </p><p>This is just mho...</p><p> </p><p>I don't like to be the bearer of bad news, but get out of those coins NOW..!! SELL...SELL..</p><p>These coins are uber inflated. For every ms70/pr70 coin that sold, it's counterpart ms69/pr69 coin sold for a fraction of the amount. </p><p> </p><p>Now, saying that, why are these coins selling for so much? Well, first, its every Registry owner, who has to have it added to their SET. And then the ones who are to foolish with money who thinks they just gotta have it. (that could go for the registry people too). </p><p>But the difference between them and you is, they are completing their SET. If you don't have a completed series of coins in ms70, and you just have a few coins, well, it's not the same. Although, they are in deep trouble too, even deeper than you...</p><p>But they can afford to lose money, can you? </p><p> </p><p>There is a day coming, and soon I think, when the ms70/pr70 coins are going to come down to a crashing halt. And I mean hard. I predict a 75% loss. </p><p> </p><p>I could be wrong, but many of us here know, to never pay a huge premium for a ms70/pr70 coin. I would love to know what a dealer would pay for a ms70 2009 ASE. </p><p>I coulkd talk for weeks,months, but this has been going on for years..</p><p>And even doug said the 70's market is dropping...</p><p> </p><p>I don't mind anyone buying them, I just don't want to see alot of people lose money on our hobby. But gambling is part of it, I guess..</p><p> </p><p>So, when you see those prices falling, it is a serious downturn in our hobby, I do not think they will ever recover back to the prices they once were...</p><p> </p><p>Anyone else agree? or am I missing something.[/QUOTE]</p><p><br /></p>
[QUOTE="About Good, post: 975587, member: 21547"]This is just an FYI for any newcomers, or even some veterans , who think the high end modern (and that is what is getting the ms70 and pr70 grades) coin market will either hold or even think it will grow. This is just mho... I don't like to be the bearer of bad news, but get out of those coins NOW..!! SELL...SELL.. These coins are uber inflated. For every ms70/pr70 coin that sold, it's counterpart ms69/pr69 coin sold for a fraction of the amount. Now, saying that, why are these coins selling for so much? Well, first, its every Registry owner, who has to have it added to their SET. And then the ones who are to foolish with money who thinks they just gotta have it. (that could go for the registry people too). But the difference between them and you is, they are completing their SET. If you don't have a completed series of coins in ms70, and you just have a few coins, well, it's not the same. Although, they are in deep trouble too, even deeper than you... But they can afford to lose money, can you? There is a day coming, and soon I think, when the ms70/pr70 coins are going to come down to a crashing halt. And I mean hard. I predict a 75% loss. I could be wrong, but many of us here know, to never pay a huge premium for a ms70/pr70 coin. I would love to know what a dealer would pay for a ms70 2009 ASE. I coulkd talk for weeks,months, but this has been going on for years.. And even doug said the 70's market is dropping... I don't mind anyone buying them, I just don't want to see alot of people lose money on our hobby. But gambling is part of it, I guess.. So, when you see those prices falling, it is a serious downturn in our hobby, I do not think they will ever recover back to the prices they once were... Anyone else agree? or am I missing something.[/QUOTE]
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The Sky is fallingl on all ms70 and pr70 coins....
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