Do you buy a stock when it's at a 52 week high...
Tonelover
Posts: 1,554 ✭
Or do you pass, hoping for that pullback only to watch it continue reaching new highs after that. Or maybe you buy it and it goes down. I know I've done both, sure would be nice to be able to predict the future.
There were some great prices at the recent auctions, and nice coins on the bourse are as hard to find as ever. There have been comments here that a lot of coins were overpriced and I can hear the wallets slamming shut all the way over here. Overpriced compared to what they were a year or two ago, perhaps. Overpriced if this market continues to roll, maybe not.
As always selectivity is key. I won't say that Proof-70 Lincoln Cents with spots for 30K are a risk worth taking, but if AU Bust Halves are up $70 from nearly a year ago, is it the smart thing to walk away? Maybe they will cost another $70 in the near future, who knows. It doesn't take much.
I think we've all been spoiled with a soft coin market over the past ten years, but the times seem to be a changin'. I'm not sure what my point is, if you see one in here somewhere feel free to let me know.
There were some great prices at the recent auctions, and nice coins on the bourse are as hard to find as ever. There have been comments here that a lot of coins were overpriced and I can hear the wallets slamming shut all the way over here. Overpriced compared to what they were a year or two ago, perhaps. Overpriced if this market continues to roll, maybe not.
As always selectivity is key. I won't say that Proof-70 Lincoln Cents with spots for 30K are a risk worth taking, but if AU Bust Halves are up $70 from nearly a year ago, is it the smart thing to walk away? Maybe they will cost another $70 in the near future, who knows. It doesn't take much.
I think we've all been spoiled with a soft coin market over the past ten years, but the times seem to be a changin'. I'm not sure what my point is, if you see one in here somewhere feel free to let me know.
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The bad news is that it will cost me a little more to finish my set. The good news is that my coins are worth a little more than when I bought them.
You are right as far as I'm concerned - if you are after a particular piece and one presents itself - one which you've looked for for a long time and the price is "reasonable" (if not bargain-basement) - and you are pretty sure of your collecting goals (you want to own it one day eventually) - why not get it now if you can afford it?
There, are those enough conditions?
<< <i>It is funny though that people won't touch certain coins of ours that truly are nice because they're 20% over Graysheet, >>
Well close anyway
And I know I may overpay to some folks standards, but I get the coin I want. And I do not worry about the investment part. I do have some great coins though.
Stman: You are wise beyond your years.
Hey Jon, I'm just glad I got the 1909-S Indian from you when you had it available for me!
Originalisbest: Hard to go wrong with key dates. If anything, nice circulated keys are a great bet for the long term. Slow and steady wins the race. Nice user ID by the way, keep spreading the good word!
and i can remember back in the mid 1990's even 97 where there was a great coin on the bourse that a dealer wanted strong money for........ by the end of the show more often than not it was still available for less and still would not sell
and if you might sell it you got it on memo for 30 days!
not anymore
or even in the very late 1990's 2000 where there was a monster coin for sale but at a big premium and today you look back and the price was cheap!
but at the time if you were third in line you still got it as many would look at the coin and love it but waited for a better price or had to think about it and if you walked up even one week after the fact you still got it!!!!! as many were still thinking about the price and seeing if it would come down!
not so today!!!!!!!!!!!!!!!!!!!!!!
also the last year at the shows when coins were bringing big money at auction some not all but you could still buy better coins on the bourse for 10 to 50% less than their twins bruoght at auction and the coins were still better looks and quality wise
in general not so at the current fun show!!!
sincerely michael
Judging from Ebay would you say that the market is hot? Many auctions on Ebay are going without bids and reserves are routinely NOT hit. Why so if the market is so hot? One board member recently spoke of a 30% success rate selling on Ebay. Is that a "hot market?"
matteproof
That depends. If the move up is based on some fundamental change (in the stock, it's industry or the market as a whole), jump in and play the momentum. If it's moving up based on hype and insider manipulation, better to watch the suckers get milked dry from the sidelines
Individual, monster coins have certainly been drawing increasing and intense interest, which says to me that people at least now genuinely believe the cost of owning something very desireable is going up and not down. It does not appear to be at all true yet that this confidence has spread to the rest of the coin market, though.
Those more experienced than I and who have been around longer may wish to comment, about whether the rapid bidding-up of key dates and particularly high-quality coins has historically been a precursor of any market pattern in particular.
I'm at src53's house this morning, by the way, waiting for him to get out of the shower so we can go to on over to FUN! I'll let you know what's going on later!
I did not see these coins in person, so I can only go by the auction scans and descriptions, but all three coins seemed to be 'all there'.
Do you think these three coins sold low ?? Zerbe
theFonz
Intel = horrible stock
INTC's fundamentals are poor at best. D o not look for any significant appreciation for at least the next 3-4 years. Go back and study the last major chip cycle, not talking about price but demand, and you will see the down turn was very nasty. I am surprised it has held so well but would not be surprised to see $8/share