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<p>[QUOTE="GoldFinger1969, post: 3839179, member: 73489"]Hope you are right, JM.</p><p><br /></p><p>So far, they have brought up thousands (<b><i>tens of thousands ?</i></b>) of the 1857-S's and 18 years later the price has NOT collapsed (unlike the premium for those "restrikes" I mentioned). I guess considering the price of gold has quadrupled since the 1st batch was released you can say that the price has fallen relatively by comparing it to the premium to the underlying gold. But in absolute terms, and compared to other Type 1 DE's, the price has not fallen or fallen that much. Certainly no collapse.</p><p><br /></p><p>We keep hearing about 119,000 1857-S's....<i>how many have been brought up, how many are coming soon ? </i> And if they dribble out over years or decades, it won't affect pricing. We need tens of thousands to hit the market all at once, IMO.</p><p><br /></p><p>Great point, I forgot why there aren't many Mint State Type 1's, have to go back and re-read their stories.</p><p><br /></p><p>Very true, but a normal premium should be 20-30% IMO for a sexy story, not 300% or more as with the 1857's.</p><p><br /></p><p>Yes, good point....though I think the risk of coins "turning" (toning ?) is pretty much a first-few years risk, right ? Saw a piece by Doug Winter from 2010 saying that if a coin hadn't turned by then, it probably (?) was safe from doing so in the future.</p><p><br /></p><p><b>It's now another 9 years later so the risk should be even less. </b> The problem is going to be for the NEW COINS as they spent even more time underwater and haven't been seasoned yet.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3839179, member: 73489"]Hope you are right, JM. So far, they have brought up thousands ([B][I]tens of thousands ?[/I][/B]) of the 1857-S's and 18 years later the price has NOT collapsed (unlike the premium for those "restrikes" I mentioned). I guess considering the price of gold has quadrupled since the 1st batch was released you can say that the price has fallen relatively by comparing it to the premium to the underlying gold. But in absolute terms, and compared to other Type 1 DE's, the price has not fallen or fallen that much. Certainly no collapse. We keep hearing about 119,000 1857-S's....[I]how many have been brought up, how many are coming soon ? [/I] And if they dribble out over years or decades, it won't affect pricing. We need tens of thousands to hit the market all at once, IMO. Great point, I forgot why there aren't many Mint State Type 1's, have to go back and re-read their stories. Very true, but a normal premium should be 20-30% IMO for a sexy story, not 300% or more as with the 1857's. Yes, good point....though I think the risk of coins "turning" (toning ?) is pretty much a first-few years risk, right ? Saw a piece by Doug Winter from 2010 saying that if a coin hadn't turned by then, it probably (?) was safe from doing so in the future. [B]It's now another 9 years later so the risk should be even less. [/B] The problem is going to be for the NEW COINS as they spent even more time underwater and haven't been seasoned yet.[/QUOTE]
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