I sure wish I would have been able to buy nice coins between 1975-1980. Cutting grass allowed me to buy Indian and Wheat cents to fill my books. I often wonder just how many really nice coins were lost in 1980, when we melted everything in sight.
@nags said:
Interesting that a large chunk of the gains for each is in the 2005-2008 range. Good fortune for the holders during that window.
That looks to be true only in nominal terms. It would have been better to plot on a log scale. The gains from 1970-1980 look bigger on a percentage basis than those from 2000-2008.
Keep in mind, these are not just "nice coins" these are ultra-rarities. These graphs would look very different for high quality coins that sell for under 10k. It is not wise to extrapolate to other classes of coins.
Between the condition and the rarity, I wonder what the lone damaged example of the 1870-S Dollar would bring at auction today, as the most affordable example of the key date to an entire series.
@FredS said:
I sure wish I would have been able to buy nice coins between 1975-1980. Cutting grass allowed me to buy Indian and Wheat cents to fill my books. I often wonder just how many really nice coins were lost in 1980, when we melted everything in sight.
Same here, I was so jealous of what Pogue was able to do in the 1970s while I was cutting grass.
Based on those charts... one would think that an investment in gold would have done more than twice as good as a similar investment in the stock markets. Not sure that's really the case though. Math is hard!
Comments
Very interesting.
Wonder what it’d be like today
I sure wish I would have been able to buy nice coins between 1975-1980. Cutting grass allowed me to buy Indian and Wheat cents to fill my books. I often wonder just how many really nice coins were lost in 1980, when we melted everything in sight.
I dream of an 1838o half
11.5$ Southern Dollars, The little “Big Easy” set
That is SUPER INTERESTING!
And solid evidence that buying quality, and holding it over time, really CAN pay off!
Wow!
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Interesting that a large chunk of the gains for each is in the 2005-2008 range. Good fortune for the holders during that window.
That looks to be true only in nominal terms. It would have been better to plot on a log scale. The gains from 1970-1980 look bigger on a percentage basis than those from 2000-2008.
Keep in mind, these are not just "nice coins" these are ultra-rarities. These graphs would look very different for high quality coins that sell for under 10k. It is not wise to extrapolate to other classes of coins.
Between the condition and the rarity, I wonder what the lone damaged example of the 1870-S Dollar would bring at auction today, as the most affordable example of the key date to an entire series.
Very interesting brochure.... Thanks for the link. Cheers, RickO
Nice brochure. Not so sure about the $20 on the back cover.
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Same here, I was so jealous of what Pogue was able to do in the 1970s while I was cutting grass.
I remember looking at 1848 cals, 1856 cents and 1969s DDOs in the early 90s and not pulling the trigger. They are all easily 10x what they were then
11.5$ Southern Dollars, The little “Big Easy” set
looks like we could see prices come down soon and good buying opportunities coming up.
I wonder if ultra-rarity cars, artwork, sportscards, etc. show the same trends.
It would be interesting to know how many million-dollar-plus coins exist now. I’d guess about 100 for US coins.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Very nice returns!
It’s interesting to compare with the PCGS 3000.
Based on those charts... one would think that an investment in gold would have done more than twice as good as a similar investment in the stock markets. Not sure that's really the case though. Math is hard!
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Nice photography!