Reasons to love high coin prices

ARCO

When there is no more meat on the bone and everywhere you look retail prices defy gravity, there are positives to high coin prices that should give one comfort:

1) Weeks, months or years to research the coin and decide whether to purchase or not.
2) No competitors to the coin's you are interested in buying.
3) Total guarantee there will never be capital gains to report when the coin is sold.
4) Contributing to the global economy and the necessary churn of the numismatic industry.
5) No one will loath you for bragging about a "rip" on a coin.

I am already loving this new reality.

ricko

It all depends on perspective.... Cheers, RickO

Dave99B

6) No need to worry about anyone beating you to the coin, as no one with a functioning brain would ever cough up that much hard-earned money.

TwoSides2aCoin

Opportunities abound. Just remember this !

amwldcoin

Hmmmm, I will say this. When I was heavy into collecting Russian coins....the market started moving up. All the purchases I made the last 2-3 years I had to pay 2-3 times the going price. I finally said the heck with it when I couldn't buy anything else less I pay even a higher premium so I decided to sell!

Guess what! Even my last purchases I doubled up on when I sold. Over all I would say my profit was at or above 1000% and this is not a lie! Also...we are not talking chump change here...we are talking 6 figures!

I will say I hit it right...almost...if I had sold a few months earlier my profit would have been higher.

@ARCO said:
When there is no more meat on the bone and everywhere you look retail prices defy gravity, there are positives to high coin prices that should give one comfort:

1) Weeks, months or years to research the coin and decide whether to purchase or not.
2) No competitors to the coin's you are interested in buying.
3) Total guarantee there will never be capital gains to report when the coin is sold.
4) Contributing to the global economy and the necessary churn of the numismatic industry.
5) No one will loath you for bragging about a "rip" on a coin.

I am already loving this new reality.