Discussion in 'US Coins Forum' started by Derek2200, Nov 8, 2019.
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After being an avid collector of U.S. coins for many years, I'm mostly out of the market. The CAC craze has pretty ended my interest in U.S. coins. There are too many collectors who won’t buy anything unless it has the sticker, and I resent having to kowtow to one man to find out which coins should be in my collection.
There is now an entire Graysheet that dedicated to CAC approved coins. It seems that if your coins are not graded by PCGS and approved by CAC, you don’t have much in the opinion of many.
Didn't get in this hobby thinking I would make money at it.
For what it’s worth, the material you share on here are the sort of coins I think of when I hear “great coins will bring premiums with or without a CAC sticker.”
just buy nice coins that fit your budget / collectible area of interest priced reasonably vs Krause, CW Trends, TPG price.
Currently, that graph above is very close to where it was in 2002. That's the lowest it's been in 17 years. And it aint showing any signs of slowing down.
I’d ask the mods to change the title accordingly. “Stagnant” is misleading... also tell us who’s going to go bankrupt and why.
so what would u call it then? Bids in sheet stagnant for months to south of steady (diplomatically putting it) or worse.
no answer necessary graph says it all. If that represented a stock would you invest in it?
what I wonder is how much lower will it go
Can you show that chart over a longer time period ?
I think we have to take into account that large numbers of coins got purchased at FAT PREMIUMS to underlying PM value and it takes YEARS (decades, even !) to burn off the excess. To an extent, that's what might be happening with the underlying coins in that index you cite, and I bet that generic common Saints are included in that (we've burned off 2 bubbles in Saints in the last 30 years).
Worse maybe considering PM prices are up recently...but they ARE DOWN from 2011-12 and we've had 2 bubbles in gold coins in 30 years.
Commems down 23 pct since 2016 (Pcgs Commem index). Many cheaper than 25 yr ago.
I think common USGTC have come down to realistic levels. Before always thought they over priced vs world gold.
What kind of commemoratives, Derek ?
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