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Why is Morgan Dollar numismatic value dropping?
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<p>[QUOTE="GoldFinger1969, post: 4030791, member: 73489"]This has been a slow decline from a lower high than previous (bubble) highs. There was no big annual declines in the price of the underlying metals or coins.</p><p><br /></p><p>Also, the price shot ahead from 2000-2011. <b><span style="color: #0000ff">What were MS65 Saints selling for in 2000, $500 ? They were selling for $2,700 a decade later. </span></b> That's a HUGE rise !!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>And the price of metals (gold) fell, too. The leverage effect during runups and selloffs of rising/falling metal prices plus rising/falling numismatic interest leads to exaggerated price moves.</p><p><br /></p><p><b>What is interesting going forward is this:</b> with the exception of some overpriced stuff on Ebay and other amateurish websites and those TV coin infomercials....price transparency and accurate information is now much more easily obtainable for the average coin buyer (like me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />).</p><p><br /></p><p>The public always gets sucked in by moves in gold/silver or some hot new numismatic issue (SS Central America, 2019-S Reverse Proof ASE). At least now maybe they will be more educated and price moves will be more subdued, fewer losers/suckers buying in at the top, and losses less severe than in the past.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4030791, member: 73489"]This has been a slow decline from a lower high than previous (bubble) highs. There was no big annual declines in the price of the underlying metals or coins. Also, the price shot ahead from 2000-2011. [B][COLOR=#0000ff]What were MS65 Saints selling for in 2000, $500 ? They were selling for $2,700 a decade later. [/COLOR][/B] That's a HUGE rise !!! :wideyed: And the price of metals (gold) fell, too. The leverage effect during runups and selloffs of rising/falling metal prices plus rising/falling numismatic interest leads to exaggerated price moves. [B]What is interesting going forward is this:[/B] with the exception of some overpriced stuff on Ebay and other amateurish websites and those TV coin infomercials....price transparency and accurate information is now much more easily obtainable for the average coin buyer (like me :D). The public always gets sucked in by moves in gold/silver or some hot new numismatic issue (SS Central America, 2019-S Reverse Proof ASE). At least now maybe they will be more educated and price moves will be more subdued, fewer losers/suckers buying in at the top, and losses less severe than in the past.[/QUOTE]
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Why is Morgan Dollar numismatic value dropping?
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