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Latest market report

MonstavetMonstavet Posts: 1,235 ✭✭
in PCGS Set Registry Forum
THe latest DHRC newsletter again talks about how HOT everything is in the coin market (just as they always seem to say)...I am still looking for some doomsayer to come along and scare the bejeezus out of everyone by announcing that the market stinks! Haha...just kidding.

Seriously, one thing I have noticed with these newsletters is they tell you what the hottest thing is right now - in this particular issue they focus on Walkers - then proceed to tell you to buy the hottest item...
Now I am no investment big-whig, hell, I hardly have any money at all (LOL---I mean, sob), but buying the items when the price is skyrocketing - or has already been skyrocketing - seems like it could be bad advice. Maybe if you are looking to get in and get out quickly, or maybe if you think prices are only going to continue to rise (you can always tell yourself that image ), that would be good advice...what am I missing here. I think it is easy to tell us what ishot right now, so buy it...the harder and of course more helpful adivce would be to tell us what is going to be hot next year...
Any one care to take a guess?

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Comments

  • LakesammmanLakesammman Posts: 17,401 ✭✭✭✭✭
    It's obvious - buy what they have in stock!image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • manscomansco Posts: 229 ✭
    The advice was that Walkers was one of several areas that was hot, but it was the focus of the newsletter...and oh by the way, did you see the nice brochure offering some common MS65 Walkers that DHRC had for sale.
  • KeyrockKeyrock Posts: 961 ✭
    Well let's see...... About 3 years ago Walkers (Sept 1999, Issue 175) was their Inside view review of the Walking Liberty Half Dollars. Yes I actually saved it. At the time they were "undervalued" image.

    I actually saved the article since it really did have some good information in it and discussed the Complete set, Long set and short set. (I finished the short set, working on the Long set).

    Rich
  • MonstavetMonstavet Posts: 1,235 ✭✭
    THat is fine...I am not trying to rag on David Hall in particular. Certainly prices of Walkers have gone up sinc e they wrote that 3 years ago...so there you have it. I thought it was a good review of Walkers in the current issue. I just don't like the tendency people have to recommend buying what is already on fire...I think it is bad advice - if you are doing it for investment, or for the joy of collecting.
    The way I look at it...a lot of areas of the market are on fire, so it might be a good time to hold off on purchases...or even consider selling...
    Not that I would ever sell anything...
    Send Email or PM for free veterinary advice.
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    Monstavet,

    When I read the letter I pretty much thought the samething. They tell you how hot the market is and they just happen to have those coins available for you. How conciderate of them. If the market is that hot shouldn't we be selling our walkers?

    Tony

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Lakesamman - Did you see what David Hall said about Indian
    cents ?

    HOT !!!!!!

    Keyrock - Did you see what he said about Lincoln Cents


    NUCLEAR !!!!!

    I say that if Board members want my advice....CANADIAN COINS

    A Fantastic collection of Canadian Coins is coming up for Auction in New York on January 13.This is a collection of Canadian coins assembled by Sid Belzberg,who is also a friend of mine,whom David Hall called the Eliasberg of Canada.The coins will be auctioned by Heritage

    Stewart
  • cladkingcladking Posts: 28,689 ✭✭✭✭✭
    Buy everything that's cold or overlooked and sell everything that's hot. Timing
    is everything. Don't look at only the long or short term trends or you might get
    into something that was a flash in the pan. Don't buy or sell too early or too
    late. If you figure out how to do this then let me know. But do your own working,
    thinking and grading.
    Tempus fugit.
  • TypetoneTypetone Posts: 1,621 ✭✭
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    Cladking

    Well said

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Typetone: Well said! image
    Early Dollar Set
  • LakesammmanLakesammman Posts: 17,401 ✭✭✭✭✭
    I'm sticking with "key" IHC's and FE's - they've been steadily building for 10 years and are still undervalued considering their rarity (relative to, for example, morgans, mercs and buff. nic's).
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • DAMDAM Posts: 2,410 ✭✭
    Monsta,

    I've been fairly successful in buying my coins in the way you described, buying what's not hot, unless I just can't live without it. image

    My primary collecting focus is on type. Therefore, I'm open to buying whatever interests me at the time. Of course now that I'm involved in completing Regestry sets, my focus has narrowed a bit.

    With the way cons are selling now, I don't want to get caught up in a late 80's buying fiasco.
    Dan
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Think of David Hall as a real estate salesman who is pitching you a house. I dont hold this against them, as they are in the BUSINESS of selling coins.

    We are the hobbyists / buyers who must discern the difference between hype and reality. Of course retailers will always tell you it is time to buy.

    Buy quality where you can and follow your collecting vision. This is a hobby and while none of us want to get ripped off, I think we all believe businessmen whose livelyhood depends on sales are going to try and sell something.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Now I am no investment big-whig >>



    Monstavet,

    You certainly should be. By this statement, you've already demonstrated that you're smarter than most of them:



    << <i>but buying the items when the price is skyrocketing - or has already been skyrocketing - seems like it could be bad advice. >>



    The most successful long-term investors are those who buy when the herd is selling, and unload when the herd is buying.

    Russ, NCNE


    eBay consignment sales | | Collectibles from Resco CCC
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    duh!!

    al h.image
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