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Will the new economy effect the future value of numismatics?
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<p>[QUOTE="Juan Blanco, post: 1623604, member: 41665"]But we're <u>not</u> talking about PM bullion/coins here. (This isn't the Bullion Investing section either.) You said "<b>declining interest in coins</b>, although accurate and not unexpected in the short run, <b>due to high PM prices</b>" and I pointed out 'but modern coins don't reflect PM prices' (paraphrase) </p><p><br /></p><p>Can you prove<i> non-PM coins </i>are hurt by high POG? (I see no correlation there, whatsoever.) Talk about Wheaties, Nickels and moderns in base metals (what <i>more people </i>collect.) Can we stay on topic please? </p><p><br /></p><p>US median household income was $50,233 in 2007 (2007 dollars) and it was nominally the same in 2012 ($51,310 in November.) Not <i>declining wages </i>in that time-frame, whereas non-PM US coin prices retraced hard... and no sign it's over, yet. True, the 'Wealth Bubble' (an Americanized fiction) popped at the same time, but that's NOT "wages" either. The collapse of that up-&-up fantasy (not "wages") is what's spurred this 1st phase of the Great Liquidation. It will continue - trend is intact.</p><p><br /></p><p>US Collectible-hoarders are just discovering 'what it's really worth' in reality, that's all... if subsequent generations are to be poorer and poorer, then (non-PM) US coins will probably be worth that much less (if you're lucky!) until the washout.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1623604, member: 41665"]But we're [U]not[/U] talking about PM bullion/coins here. (This isn't the Bullion Investing section either.) You said "[B]declining interest in coins[/B], although accurate and not unexpected in the short run, [B]due to high PM prices[/B]" and I pointed out 'but modern coins don't reflect PM prices' (paraphrase) Can you prove[I] non-PM coins [/I]are hurt by high POG? (I see no correlation there, whatsoever.) Talk about Wheaties, Nickels and moderns in base metals (what [I]more people [/I]collect.) Can we stay on topic please? US median household income was $50,233 in 2007 (2007 dollars) and it was nominally the same in 2012 ($51,310 in November.) Not [I]declining wages [/I]in that time-frame, whereas non-PM US coin prices retraced hard... and no sign it's over, yet. True, the 'Wealth Bubble' (an Americanized fiction) popped at the same time, but that's NOT "wages" either. The collapse of that up-&-up fantasy (not "wages") is what's spurred this 1st phase of the Great Liquidation. It will continue - trend is intact. US Collectible-hoarders are just discovering 'what it's really worth' in reality, that's all... if subsequent generations are to be poorer and poorer, then (non-PM) US coins will probably be worth that much less (if you're lucky!) until the washout.[/QUOTE]
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