Have coins been way too undervalued for too long?

coynclecter

Taken from another thread:



<< <i>Coins have been way too undervalued for too long! >>



Which coins, common? Rare? classic? modern?

I recently paid over $1000 for a seated half in MS64. Thats a weeks take home pay for less than an ounce of silver. It's not unique and some would not even consider it a high grade investment piece. Are coins undervalued? Compared to what... average income?? To other collectables?? A grand would buy a real nice antique clock, dresser etc. How about stamps. I think you can get a real rarity when you get over a grand in a stamp. I have a high end gem fractional Justice, probably less than 100 nicer, it cost me half that. Does anyone really think a MS 66 seated coin should cost more than a BMW. Is an MS67 rare date morgan worth more than a three bedroom house?? What can you buy other collectable markets for a hundred grand??

If its a question of supply and demand, is there really a shortage of high grade coins?? How many coins worth a few grand or more are out there?? Can the average wage earner participate or is this truly the "hobby of kings?"

clw54

When somebody says that, it means they already own coins and want the price to go up.

shirohniichan

I don't think coins are undervalued, though some are underappreciated.

JJacks

No, we're all just underpaid!

All collectibles seem to have their high-end and low end. Sportscards are really no different then coins. If you want a mint Honus Wagner, it can be over $1 million, or you can spend $50 and get a complete set from the early 80s.

JJacks

Placid

That's what I like about it there are coins in every price range from under $10 to over $100,000. I just collect some coins because I like them not for investment or to compete with someone. My goal is to have fun within my budget.

Are coins undervalued. I don't think so they are nothing anyone has to have to survive or enjoy life. So the prices are just what someone is willing to pay and someone else is willing to sell for orther than the silver or gold content.

CharlieB

The king of all hobbies is ART and that's out of my league. If it
were a horserace this hobby would probably show. I don't think coins
are undervalued by any means. I want the biggest bang for my bucks.

Clankeye

......."Coins have been way undervalued for too long....."

I believe you pulled this from a post I wrote in a thread about "What if a billionaire entered the market." And as I just got done responding in that thread, I will repeat that people seem to have missed the way it was used.

I used that phrase as an example of the kind of hype, or statement that will come our way in the begining of a boom/fever coin market. It's not intended as my opinion about coin values.

For the record, you would never hear me making a blanket statement like "coins have been way undervalued for too long." At least not with a straight face.

coynclecter

clankeye

Never meant it against you, just as a line to stimulate conversation. Thanks though for the clarification.

If you want to see that statement in writing just look for this months "Inside View' by DHRC. If you have last months thats fine , it says the same thing. So does last years and the year before. In fact, every "Inside View" over the last 15 years has said coins are undervalued and on the verge of a major rise. Obviously an "objective" viewpoint.

Clankeye

coynclecter---
Exactly! That is the context in which I brought it up in my post. It's a standard marketing mantra. When a boom market hits and people start seeing the prices going up, they believe it, and the rush is on.

Don't worry, I didn't take it personally. Just wanted to clarify the point I was making, since it seemed to be misunderstood by a few in the other thread.

morganbarber

I have said tis many times, and it is because I believe it, not because I am making excuses for my low quality coins: Whenever silver prices spike(which they haven't in a while), many coins get melted. Eventually, coins such as Barber series in G,common date Walkers in EF, and better date Walkers in F will become scarcer and more valuable.