At the beginning of this year a MS64 Red was $3,000. Now it's listed at $4,250. I'm referring to the PCGS price guide. Did I miss something?
The wacky coin market. They now cost about what they did in 2011 then plummeting to half that price in 2019 now they are back up. Like many things in this world pricing is cyclical. Now is definitely not the time to buy one so just wait. A great investment if you had bought one for $2,000 2 years ago.
welcome to free money and no work for thousands of people last year. Stay home get THOUSANDS of dollars from and nothing but time on their hands for many of them. LOTS of folks had a back up bank account so this was just bonus money .So coin investing seemed to fill a gap Hopefully when people run out of that Gov. free cash and go back to work those coins bought will filter back into the system and normal prices will return. Of course Some people NEEDED that extra cash to survive and go to school and such, but not all.
Perception is reality. Not a rare or scarce coin, but the belief by collectors and the public rules the day.
Not entirely simple, I think. If it were just the dollar leaking value, all coins would be going up sharply, and they just aren't. I've got two Peace dollars where I've been watching eBay closing prices, a 1921 in MS62 and a 1934-S in AU50. For most of the last five or six years, they've both averaged about $300. Now, the 1934-S is still getting about that -- but the 1921 has almost tripled. Even the 1928 is dead in the water compared to the 1921.
Key dates are especially suceptible to increases in this past year. I almost got a very fine for $750.00 and think I should have pulled the trigger. It's the only one I don't have.
Up until about a year ago 1909 s vdb was very reasonable. Don't know why it is so much higher. I would think that the 1921 peace is threw the roof because of the 100 yr anniversary. Wait another year and they both will be back down my guess.
And there is no shortage of this coin. I have seen numerous dealers well stocked with this in all sorts of grades. I also believe it will come back down.
When I was looking for this coin, I had a few criteria: 1. Smooth, even wear consistent with the grade 2. Deep brown, stable color 3. No spots 4. Good strike. 5. No spots. 6. Great eye appeal. This coin met my requirements, and I'm incredibly pleased to own it.