Coin Prices over the last ten years?
hifisapi
Posts: 42 ✭✭
Im just now getting back into coins after a long and complete
layoff from the hobby. I know some types of coins are more
popular than others but can anyone tell me what prices have
done in general over say the last ten years? Is there a consensus
what will happen over the next ten years?
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Best to put this thread in the U. S. coin forum.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
In general, a lot of the prices have gone down, probably some exceptions, but mostly down from what I have seen.
From studying auction prices, there was a peak in 2018. Prices have gone down between 10-20% in some series since then. Prices are still strong for popular dates/varieties.
BHNC #248 … 130 and counting.
thanks for the feedback
No change to most modern commemoratives, still as worthless as ever. Likely extends to most modern coinage in general, but there are obviously some exceptions here and there with special ASE sets and what not.
Classic commemoratives seem to be more affordable.
Platinum coinage is much more affordable given the slow decline over the past decade and subsequent nose dove it took about a month ago.
ASE’s have pretty much retained their value.
Pre-33 gold is more expensive, but that is likely more of a facet of spot price than collector demand.
Morgan and Peace Dollars seem to have risen. I can recall being upset if I had to dish out anymore than $50 for a common 63-64, and now it seems like $50 would be a nice price for them.
Successful BST transactions with: copperhunter (2010), Tdec1000 (2010), barrytrot (2011), kaz, (2011), Metalsman (2011), jimineez1 (2020), U1chicago (2020)
what will happen over the next ten years?
Idk, but the next 1-2 are gonna be devastating for anybody over 30, so I guess be prepared to mobilize your estate sale teams.
I sold all my keys and rarities, I'm good, this is the only sign I need to stay out of Dodge. Saw what happened to stamps, not going through that emotional and financial battle ever again.
Go to a coin show. Look at the average age of those interested in numismatic coins, it's almost all old guys. The younger generation for the most part if they collect anything it's rare nintendo games and garbage pail / pokemon cards. Even a lot of bullion until this virus happened was readily available at below spot pricing.
I’m trying to get people my age (early 30s) and their kids involved. So far several friends have gotten interested in bullion and I’m trying to use that as a gateway...
Nashville is a dead zone for numismatics, which makes it doubly Tough.
BHNC #248 … 130 and counting.
Bullion the gateway drug! I have found some pretty nice coins searching through bullion. Back in the early 2000s when the younger generation was selling off the coin and bullion collections they inherited from WW2 generation parents . I remember the gist of what one lady told me : I don't know why my dad collected these old coins - they smell bad.
Appreciate hearing that...
Every numismatist should have at least one YN or understudy they are bringing up. Seek them out if you don't have one. I have one I brought to the last Chicago ANA last year and I might have another interested. I have bought coin boards for the younger of the two so they can fill from pocket change.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.