DO YOU THINK COINS ARE STILL GOING UP.
littlejohn
Posts: 702
HI
I JUST WANTED TO KNOW WHAT YOU ALL THINK.!!! ARE COINS STILL GOING UP OR DOWN OR EVEN.????
JOHN
I JUST WANTED TO KNOW WHAT YOU ALL THINK.!!! ARE COINS STILL GOING UP OR DOWN OR EVEN.????
JOHN
0
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Russ, NCNE
I THINK THAT THAY ARE ALL LINKED.
LITTLEJOHN
<< <i>WELL REALLY ALL 3 the price, value AND interest in the hobby.
I THINK THAT THAY ARE ALL LINKED.
LITTLEJOHN >>
I AGREE WITH RUSS. YOU JUST NEVER KNOW
I believe it depends on the series.The Lincolns are continuing to climb in interest and value,as well as price.I try hard to watch and track all the Lincoln auctions,Ebay,Heritage,and Teletrade.All I've seen is interest in all grades.There seem to be collectors for all the grades.
Registry 1909-1958 Proof Lincolns
<< <i>YES, YES AND YES >>
shhhhhhhhhhhhh...im sleeping
Go BIG or GO HOME. ©Bill
i think in general
if you collect and specialize in a series you like to collect
and buy with money you can afford to lose and pick out coins that are undervalued in your minds eye with good eye appeal and something that is an overall scarce coin based on your experience and specialization in the series you are collecting
again
in general
worst case scenerio you will overall break even and best case scenerio you will make some $$$
michael
If you're buying, follow Michael's advice and buy the best you can of what you like. If you're selling, the market continues to rise in some areas. So unless you have a crystal ball it's a crap shoot, if you're trying to time the coin market.
Some folks make a living dealing and investing in coins. Other's collect and are happy with an unexpected increased returns like those of the past few of years. Ask yourself if you want to be a collector, dealer, or an investor, or a little of each.
Will it continue...? As a collector I would like to see it continue, but if it doesn't I'm not effected like dealers or investors.
Here's a warning parable for coin collectors...
it's too early to know. Keep in mind though that many of the collectors to which
this refers are beginners who spend little or no money on coins. Many of these
existing collectors are either newbies who are beginning to become a little more
sophisticated or returning collectors who are still feverishly working sets of various
mostly 20th century coins. Total demand should continue to grow for some time
as these and old time collectors add to their collections.
Prices for coins under these conditions should continue to trend upward and show
significant leaps where demand grows stongly relative to supply. Watch what col-
lectors are doing and it should give some clue as to future market conditions.
*this is not to imply that The population of collectors has achieved or will achieve any
sort of steady state in the near future. There are large numbers of collectors still
dropping out and being replaced by even larger numbers of newbies. But the huge
growth of the recent past is probably subsiding. Many of those dropping out are also
newbies who never acquired extensive collections. The hobby will remain in a great
flux for several years as far as the make-up of the collectors. -edited
William S. Burroughs, Cities of the Red Night
I think that coins are in a definite pattern of mobile price movement in that demand has shown exuburance while supply has attempted to keep pace in a nip and tuck manner.
<< <i>A direct answer:
I think that coins are in a definite pattern of mobile price movement in that demand has shown exuburance while supply has attempted to keep pace in a nip and tuck manner. >>
What political office are you running for again?
D Poole: I think you're right on target. Just in nickels, the Liberty Head and Shield nickels have barely budged in the past 3 years. The Nickel 3 cent pieces are at ridiculously low levels. The silver 3 cent pieces are showing some life.
So if the juice lies in these older series, what the heck am I doing collecting Jefferson nickels, Roosevelt Dimes, and Standing Liberty Quarters? Mis-allocating my resources? Perhaps. Sometimes I puzzle myself.
At least I'm collecting the US-PHilippines which have recently begun a sharp rise in value -- but which are still selling for a fraction of what they're going to be selling for in 5 years.
Best wishes,
Just Having Fun!
<< <i><<Most nineteenth century and earlier issues have yet to make their moves.>>
D Poole: I think you're right on target. Just in nickels, the Liberty Head and Shield nickels have barely budged in the past 3 years. The Nickel 3 cent pieces are at ridiculously low levels. The silver 3 cent pieces are showing some life.
So if the juice lies in these older series, what the heck am I doing collecting Jefferson nickels, Roosevelt Dimes, and Standing Liberty Quarters? Mis-allocating my resources? Perhaps. Sometimes I puzzle myself.
At least I'm collecting the US-PHilippines which have recently begun a sharp rise in value -- but which are still selling for a fraction of what they're going to be selling for in 5 years.
Best wishes,... ...JHF >>
There are large numbers of coins which seem to have near boundless potential. There are
no gaurantees of anything of course but consider that the Congress is again considering
legislation to include the Virgin Islands to the states quarters program. These islands were
once known as the Danish West Indies and there are many coin issues from this authority.
None of them are truly common and most are scarce at least in better condition. Since they
are considered world coins there has historically been very little demand and the prices of
even the rarities will tend to be ridiculously low. Surely this will change. There are many US
and world coins which are scarce and have never had enough attention to even be known as
scarce. This does not apply only to more modern issues, but even series from the 1800's.
As time goes by it is probable that demand will fluctuate more widely than past patterns and
that there will be substantial changes in some areas.
<< <i>The Liberty Nickels I need for my collection have more than doubled in the last 18 months. >>
This sounds like a mixed "blessing".
thank you ,GOOD PEOPLE AT THE FORUM.FOR all the good info.you have help me some.i was think about selling out.but now i think i will at less try to complete my set at pcgs. i HAVE came a lone way.i need to at less get to 5 place.
THANK YOU VERY MUCH.
LITTLEJOHN