Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
World Coin Market is Hot ?
>
Reply to Thread
Message:
<p>[QUOTE="robinjojo, post: 5483803, member: 110226"]Over the past several years, there just been a ton of cash out there looking for a place to park. Putting money into an interest bearing account just doesn't work, with interest rates near 0%. There is the stock market, and much of its run-up can be traced to hyper low interest rates.</p><p><br /></p><p>So, coins, art, real estate and collectables in general have seen mostly significant price increases, as can be seen in auctions, but also in many private sales as well. Many folks with lots of cash put their money in coins that are slabbed, in particular, since they are deemed "safe" investments. They may not know a Peace dollar from an 8 reales or a tetradrachm, but that really isn't the point of this exercise for them.</p><p><br /></p><p>I wouldn't even be surprised if money is being laundered through these "investments" by some shady characters as well, but that's another story.</p><p><br /></p><p>The bottom line, though, is that this is a great trend for those who have coins held for many years to sell or consign, especially coins that have a lot of appeal and/or rarity. This trend is not so benign for collectors with limited budgets who are attempting to acquire additional coins.[/QUOTE]</p><p><br /></p>
[QUOTE="robinjojo, post: 5483803, member: 110226"]Over the past several years, there just been a ton of cash out there looking for a place to park. Putting money into an interest bearing account just doesn't work, with interest rates near 0%. There is the stock market, and much of its run-up can be traced to hyper low interest rates. So, coins, art, real estate and collectables in general have seen mostly significant price increases, as can be seen in auctions, but also in many private sales as well. Many folks with lots of cash put their money in coins that are slabbed, in particular, since they are deemed "safe" investments. They may not know a Peace dollar from an 8 reales or a tetradrachm, but that really isn't the point of this exercise for them. I wouldn't even be surprised if money is being laundered through these "investments" by some shady characters as well, but that's another story. The bottom line, though, is that this is a great trend for those who have coins held for many years to sell or consign, especially coins that have a lot of appeal and/or rarity. This trend is not so benign for collectors with limited budgets who are attempting to acquire additional coins.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
World Coin Market is Hot ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...