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With rising unemployment when will coin market crash?
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<p>[QUOTE="Derek2200, post: 4579033, member: 106755"]We are overdue for a crash. Big ticket numismatic especially badly tarnished coins will fall hardest. It will be the end of an era. If they can’t get Covid off the field the downward slide will accelerate.</p><p><br /></p><p>US coins seem way overpriced vs world coins especially those with lower pops.</p><p><br /></p><p>A lot of people will be burned because they paid too much. The end users will be in for a beating. Many will be blowing out collections to eat. There are a lot of rich collectors and dealers propping up the market but sooner or later they will get tired, broke, or bored as they shift the spending to cars, girls, and boats.</p><p><br /></p><p>The Pcgs 3000 has shown a steady decline since 2015. As many file bankruptcy, cc default, unable replace old job with one that pays as much or at all the down slide will accelerate. Coins like generic Morgan’s in 63 and 64 will trade near melt but these with their high survival overpriced vs graded MS69 bullion coins which are nicer grade wise and have more silver.</p><p><br /></p><p>The sticker game may fall by the wayside like the 50-D nickel as how can you wring more money out of something in a down slide?</p><p><br /></p><p>Like cockroaches and maggots to rotting meat the bill collectors will have their hands full but you one can’t refloat a sinking ship. Many facing cc lawsuits will be desperate get rid of their coins but it will be too late because of coin market losses.[/QUOTE]</p><p><br /></p>
[QUOTE="Derek2200, post: 4579033, member: 106755"]We are overdue for a crash. Big ticket numismatic especially badly tarnished coins will fall hardest. It will be the end of an era. If they can’t get Covid off the field the downward slide will accelerate. US coins seem way overpriced vs world coins especially those with lower pops. A lot of people will be burned because they paid too much. The end users will be in for a beating. Many will be blowing out collections to eat. There are a lot of rich collectors and dealers propping up the market but sooner or later they will get tired, broke, or bored as they shift the spending to cars, girls, and boats. The Pcgs 3000 has shown a steady decline since 2015. As many file bankruptcy, cc default, unable replace old job with one that pays as much or at all the down slide will accelerate. Coins like generic Morgan’s in 63 and 64 will trade near melt but these with their high survival overpriced vs graded MS69 bullion coins which are nicer grade wise and have more silver. The sticker game may fall by the wayside like the 50-D nickel as how can you wring more money out of something in a down slide? Like cockroaches and maggots to rotting meat the bill collectors will have their hands full but you one can’t refloat a sinking ship. Many facing cc lawsuits will be desperate get rid of their coins but it will be too late because of coin market losses.[/QUOTE]
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With rising unemployment when will coin market crash?
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