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With rising unemployment when will coin market crash?
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<p>[QUOTE="Gallienus, post: 4524396, member: 42034"]Also on this forum but another thread, a NGC-66 Morgan 1887-P, pedigreed to US Treasury holdings just sold at HA. NGC appearently mis-spelled "Treasury" to "TRESURY". Either that or the slab's a perfect counterfeit.</p><p><br /></p><p>Add to this that both over here & in Europe corona is unabated, even tho the Economy's reopening. Mortality %'s are highest for old people: exactly that population which collects old coins. Thus there could be an increase in items disposed of by heirs of those collections: completely unrelated to the economy.</p><p><br /></p><p>I have an artifact on my want list that sends me an email whenever wanted listed common US gold coins of certain types appear for auction. Usually these are just for joke value: the pieces are so bad that I always wonder "who would buy that stuff?" However, the latest one: a 1926 ms64+ Indian $10 actually looked not horribly overgraded. I forget if it had a CAC sticker or not. Probably it'll go for the top of the pricing range and also my job [engineering] is really cutting back on hours these days: so maybe not... Also it seems my 1909-O 10$ Indian may not be an Omega counterfeit after all. The 1926 is a marginally different type but if the economy goes back I may switch for $10's to $5's anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 4524396, member: 42034"]Also on this forum but another thread, a NGC-66 Morgan 1887-P, pedigreed to US Treasury holdings just sold at HA. NGC appearently mis-spelled "Treasury" to "TRESURY". Either that or the slab's a perfect counterfeit. Add to this that both over here & in Europe corona is unabated, even tho the Economy's reopening. Mortality %'s are highest for old people: exactly that population which collects old coins. Thus there could be an increase in items disposed of by heirs of those collections: completely unrelated to the economy. I have an artifact on my want list that sends me an email whenever wanted listed common US gold coins of certain types appear for auction. Usually these are just for joke value: the pieces are so bad that I always wonder "who would buy that stuff?" However, the latest one: a 1926 ms64+ Indian $10 actually looked not horribly overgraded. I forget if it had a CAC sticker or not. Probably it'll go for the top of the pricing range and also my job [engineering] is really cutting back on hours these days: so maybe not... Also it seems my 1909-O 10$ Indian may not be an Omega counterfeit after all. The 1926 is a marginally different type but if the economy goes back I may switch for $10's to $5's anyway.[/QUOTE]
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