Coin market has topped out...Collectors Universe charts say so
RedneckHB
Posts: 19,595 ✭✭✭✭✭
Ok lets see where this thread goes
I got these charts from the CU website. I copied these because they clearly show market segments that have at the very least slowed. While other charts do not show a downturn they are parabolic which usually happens at the end of the run. These two charts probably most accurately represent the current collectors--Morgan dollars and 20th Century type. Tell me what you see..
I dont mean to say that the market will crash back to lows, just that this upward leg is exhausted. The breather may take a few months or a few years. Some segments may continue upward while others may suffer greatly.
I got these charts from the CU website. I copied these because they clearly show market segments that have at the very least slowed. While other charts do not show a downturn they are parabolic which usually happens at the end of the run. These two charts probably most accurately represent the current collectors--Morgan dollars and 20th Century type. Tell me what you see..
I dont mean to say that the market will crash back to lows, just that this upward leg is exhausted. The breather may take a few months or a few years. Some segments may continue upward while others may suffer greatly.
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
Knowledge is the enemy of fear
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
42/92
I never try to time markets, but if I see prices decline in areas I like, I may buy more than I planned.
continue to fluctuate.
Camelot
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
It's gonna go up.... or down.... but it ant staying where it's at.
David
Coins, like real estate, are in finite supply - as demand goes up, so do prices. In the last five years, the market has seen a flood of new collectors enter the market, as well as many older ones return, largely in part due to State Quarter and other Mint programs. While I would expect some ebbing and flowing along the edges, my personal opinion is that the gains that have taken place in recent years owe themselves more to subtantiative factors and not speculative - as such I think they are not going to errode anytime soon. Plus by the time interest does wain (if it ever does,) inflation will take over...
>>>My Collection
Inflation + Greenspan tightening the belts = Lower Coin Prices (Economics 101)
No...... A market that moves down it bad for anyone who holds that market regardless of time horizon.
For example if the asset you hold falls 10% over one year then you have not only lost 10% but you have also lost 1 year of time when that money could have been growing.
Many people forget that time has value. In fact, one could argue that time is more valuable than money. You can make more money but you cant make more time. Once a second passes it is gone forever. You can never get that second back.
Knowledge is the enemy of fear