Add to that scenario, India Nukes its neighbor and China gets involved to pick up the pieces. Iran may in fact , be only months from having deliverable nuclear weapons. While the Iranian people are great, the army, weapons and secret police are in the sole hands of fanatics.If Israel is attacked with mass destruction weapons, then they will respond and then some. This could be a real Texas style chille cook off. the scared little bear!
How do you know I was trying to be humorous? My predictions are just as potentially possible and plausible as yours.
The fact is......all of the research, analysis, hypothication, interpretations, speculation, logic, and whatever else, can in no way even remotely predict the future of the US equity markets, future world events, tomorrows lottery numbers, or anything else for that matter with any degree of certainty.
The US equity markets may make new lows in the coming months, or they may not, the US may attack Iraq, or they may not, the US economy may go deeper into recession, or it may not.......the fact is, YOU DON"T KNOW, NOR DO I OR ANYONE ELSE. Therefore, my (jokingly) predictions are just as valid and possible as yours.
I will take heed in your comments and suggest you do the same.
Additionally, I took your remark the way I believe it was intended. If you read back through the original posts my comments have stemmed from the progression of the coin market activity, the potential inflationary and economic "hedge" against the back drop of the economic and wordly issues at hand. I may have swayed to an extreme tangent with some of my views and comments.
However, I contend your comments have absolutely nothing to do with the scope of the conversation even to the microcosmic degree. Hence, there is a difference between potentially ridiculous and uneccesary pokes and the substantion of evidence along with interpretive predictions, ultimately relative to the point!
Let me say: I am not trying to be antagonistic with you, nor do I wish to insult you. I am just being as playful as you and always open to a good debate!
Dragon, Some people have made market predictions through the course of their lives that have consistantly made them millions, just because you cant see into the future, doesnt mean no one can! Yes, There is such a thing as an EDUCATED GUESS!
You can fool man but you can't fool God! He knows why you do what you do!
Most of us have our hands full trying to see into the present. There are too many variables to make any meaningful predictions about the future short of the sun will come up in the morning. It is not unreason- able to predict tough economic times. Certainly some precursors exist. There are various monetary rewards to anyone who can prove he can predict the future.
I know pictures are very important ! I am working on that problem now.
Based on my experience..Silver dollars only....the demand is really there for quality coins. I think we will have a nice run for a few years for sure !
When it comes to people paying $700.00 for a monster $ 70.00 coin..I think that it another fad that will pass soon.
Thanks to all who have given their opinions, Larry
Larry Shapiro Rare Coins - LSRC POB 854 Temecula CA 92593 310-541-7222 office 310-710-2869 cell www.LSRarecoins.com Larry@LSRarecoins.com
PCGS Las Vegas June 24-26 Baltimore July 14-17 Chicago August 11-15
I believe that the coin market bubble has sprung a leak (not bursted, just deflating, how long and how far, let's wait and see)
we are in financially difficult times and even though the folks on this board have a ravenous appetite for coins, the general eBay public idoes not (given the current times)
key dates, condition rarity and single-digit-top-pop coins will never have a problem
after the beanie baby crowd converted to the state quarter crowd and turned their one bin of overpriced items that nobody else wanted into two bins of overpriced items that nobody else wanted, they moved elsewhere (not sure where, possibly to create a thrid bin). Now before the state quarter collectors get offended, I have a couple and also, please see my 3rd bullet, it does apply to state quarters as well
seller markets do turn into buyer markets (and I am waiting for that buyers market to get some of the pieces that I have been on the bench for over a year now)
don't worry, the next bull market (re-inflated and leaky balloon repaired) will be here in 3 to 8 years, always has, probably will continue (minus the thermonuclear possibility)
I try to take all reports within the coin market with a grain of salt. A few weeks back PCGS press release praised how well type coins were selling and bringing alot more money. That same week in Coin World David Hall Rare coins listed type coins as the most undervalued series and the best potential for growth.
There is one thing you need to know about “The Coin Dealer Newsletter.” If the market so bad that you can’t sell nice coins to your own mother, they would report that, “market activity has been brisk!” I’ve learned not the trust what they say but to look at the bids and what I see in the market.
Having said that I’d say the market is very good for premium quality, scarce material. There’s a real shortage of properly graded attractive coins right now, and if you have got them, you can sell them for more than “bid” to some dealers. “No problem” key date coins are very hard to find and command strong prices.
Run of mill stuff is slow. Ugly Mint State coins, most circulated coins and run of the mill (not high grade Mint State) BU moderns are all taking a snooze right now.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I actually sell run of the mill moderns, and have never seen higher prices, though admittedly they sell a little more slowly than they did in the spring. This may be attributable to the fact that modern buyers tend to be much younger and have more warm weather interests than the more typical coin buyer.
Comments
Iran may in fact , be only months from having deliverable nuclear weapons. While the Iranian people
are great, the army, weapons and secret police are in the sole hands of fanatics.If Israel is attacked with mass destruction weapons, then they will respond and then some. This could be a real Texas
style chille cook off. the scared little bear!
Camelot
How do you know I was trying to be humorous? My predictions are just as potentially possible and plausible as yours.
The fact is......all of the research, analysis, hypothication, interpretations, speculation, logic, and whatever else, can in no way even remotely predict the future of the US equity markets, future world events, tomorrows lottery numbers, or anything else for that matter with any degree of certainty.
The US equity markets may make new lows in the coming months, or they may not, the US may attack Iraq, or they may not, the US economy may go deeper into recession, or it may not.......the fact is, YOU DON"T KNOW, NOR DO I OR ANYONE ELSE. Therefore, my (jokingly) predictions are just as valid and possible as yours.
Dragon
Camelot
I will take heed in your comments and suggest you do the same.
Additionally, I took your remark the way I believe it was intended. If you read back through the original posts my comments have stemmed from the progression of the coin market activity, the potential inflationary and economic "hedge" against the back drop of the economic and wordly issues at hand. I may have swayed to an extreme tangent with some of my views and comments.
However, I contend your comments have absolutely nothing to do with the scope of the conversation even to the microcosmic degree. Hence, there is a difference between potentially ridiculous and uneccesary pokes and the substantion of evidence along with interpretive predictions, ultimately relative to the point!
TC
Let me say: I am not trying to be antagonistic with you, nor do I wish to insult you. I am just being as playful as you and always open to a good debate!
No hardfeelings intended or taken!
TC
Yes, There is such a thing as an EDUCATED GUESS!
are too many variables to make any meaningful predictions about the
future short of the sun will come up in the morning. It is not unreason-
able to predict tough economic times. Certainly some precursors exist.
There are various monetary rewards to anyone who can prove he can
predict the future.
Bulldog
No good deed will go unpunished.
Free Money Search
I know pictures are very important !
I am working on that problem now.
Based on my experience..Silver dollars only....the demand is really there for quality coins.
I think we will have a nice run for a few years for sure !
When it comes to people paying $700.00 for a monster $ 70.00 coin..I think that it another fad that will pass soon.
Thanks to all who have given their opinions,
Larry
POB 854
Temecula CA 92593
310-541-7222 office
310-710-2869 cell
www.LSRarecoins.com
Larry@LSRarecoins.com
PCGS Las Vegas June 24-26
Baltimore July 14-17
Chicago August 11-15
POB 854
Temecula CA 92593
310-541-7222 office
310-710-2869 cell
www.LSRarecoins.com
Larry@LSRarecoins.com
PCGS Las Vegas June 24-26
Baltimore July 14-17
Chicago August 11-15
I whole heartedly agree with you. Dealers need to be sensitive to the collector or who are they going to sell to, themselves?
Out of the closet Morgan lover
I believe that the coin market bubble has sprung a leak (not bursted, just deflating, how long and how far, let's wait and see)
we are in financially difficult times and even though the folks on this board have a ravenous appetite for coins, the general eBay public idoes not (given the current times)
key dates, condition rarity and single-digit-top-pop coins will never have a problem
after the beanie baby crowd converted to the state quarter crowd and turned their one bin of overpriced items that nobody else wanted into two bins of overpriced items that nobody else wanted, they moved elsewhere (not sure where, possibly to create a thrid bin). Now before the state quarter collectors get offended, I have a couple and also, please see my 3rd bullet, it does apply to state quarters as well
seller markets do turn into buyer markets (and I am waiting for that buyers market to get some of the pieces that I have been on the bench for over a year now)
don't worry, the next bull market (re-inflated and leaky balloon repaired) will be here in 3 to 8 years, always has, probably will continue (minus the thermonuclear possibility)
I love Ike dollars and all other dollar series !!!
I also love Major Circulation Strike Type Sets, clad Washingtons ('65 to '98) and key date coins !!!!!
If ignorance is bliss, shouldn't we have more happy people ??
Cameron Kiefer
Having said that I’d say the market is very good for premium quality, scarce material. There’s a real shortage of properly graded attractive coins right now, and if you have got them, you can sell them for more than “bid” to some dealers. “No problem” key date coins are very hard to find and command strong prices.
Run of mill stuff is slow. Ugly Mint State coins, most circulated coins and run of the mill (not high grade Mint State) BU moderns are all taking a snooze right now.
though admittedly they sell a little more slowly than they did in the spring.
This may be attributable to the fact that modern buyers tend to be much
younger and have more warm weather interests than the more typical
coin buyer.