Recession, war and coin prices

bloodhound1

The coin market has certainly had some ups and downs in the past twenty years. I have not found any direct correlation between the several recession periods and war time and their impact (or not) on rare coin prices.

Any ideas out there as to where the market wil go in the next 6 to 12 months?

KlectorKid

Down! But thats good for me because i will get some stuff cheaper than usual.

relayer

Ummm...people without jobs don't buy coins

MadMarty

<< <i>Ummm...people without jobs don't buy coins >>


Yes we do, just not as many!

barberlover

Marty, maybe we should start an unwemployed coin collecters club. Les

jd4science

<< <i>Marty, maybe we should start an unwemployed coin collecters club. Les >>


Heh, my job is my coins!

fantasiize

I feel it will continue to go down. I say continue as my personal feeling/opinion is that we have been on the down slope for a few months now.

fantasiize

Let me also disclaim, as I have done in other threads, that the very rare and single digit pop toppers may not be significantly affected.

parkave

The only correlation between rare coins and war is coins are good and war is not.

From a professional standpoint collectors seems to buy coins for their collections come hell or high water.

Prices move in direct correlation with supply/demand. As long as collectors want coins, and demand is strong as I see it, market values (with the exception of generics) should maintain forward momentum.

michael

for me in my opinion

for some/many coins there will be a major correction
for others not as much
around early to mid 2004


sincerely michael

redhott

Strong coin show attendance - no ghost-town atmosphere yet! Don't forget that it's also considered a hobby and family activity by many. Such things aren't quickly eliminated from family budgets.

There still should be some normal rotation of interest, creating some weakness in certain bypassed and/or overlooked areas. In the distant future when they're spending big bucks per coin, a recession will have a dramatic impact on many coin prices.

For common coin prices where pops are growing faster than the number of collectors, it doesn't take a recession to cause a price adjustment, only some realization (perhaps belatedly) of the facts!!

fcloud

I don't think there is a corolation between sales and war.

I don't think collecting right now is as important as it was before.

I thank God for our troops willing to lay their lives on the ground so we can collect, or live at peace, or what ever.

The long and short of it is--I don't care where prices are going--it is simply not that important right now.