"At these prices, its better to be selling them than buying them"

ColonialCoinUnion

My father told me that. In 1972.

He was referring to Morgan Dollars which were piled high on all dealer tables at every coin show, with nice uncirculated coins selling for about $5 each.

I reflect on his comments often, as I think they may be correct today for coins in my specialty, or that sentiment may be as ridiculously wrong now as it was in 1972.

islemangu

I think they may be correct today for coins in my specialty, or that sentiment may be as ridiculously wrong now as it was in 1972.

Yes, you are right. We just don't know where this market will go.
As a pleasurable hobby though, spending amounts one could afford to lose, it sure is more fun buying than selling.

michael

well for some coins there are tremendous buys values OPPORTUNITIES OUT THERE


for many others NOT

i guess you need to choose the best for you and what you like to collect and have fun along the way and i bet for most it evens out over the long haul

for me these opportunity coins are pm me if you would like my opinions


michael

eagle7

Many people are saying the same thing about mint state gold pre 1933, particularly about the twenty saints and twenty libs and have been saying to sell them for a year now. Only thing is I dont think that is a good idea. I think they will go higher, much higher in price. But most people dont think that way. The grade of 63 and above will give the best return overall in the future. JMHO!

fcloud

I sold off most of my collection off in 1979 and 1980. I was glad I did, and I only wish I would have held onto a few of the coins. That sell off has changed the way I collect and I have only put together a couple of odd sets (other than my Winged Liberty Dime set). The market moves in cycles for many coins, some coins stay flat for very long periods of time, while some coins will continue upward even in a bad market. Is there ever a right time or wrong time to sell? I guess it is upto the person and his or her collection.

rgwill

When i started buying morgans i never thought about a registry set. I just loved morgans and i bought raw coins for just the fun of it. Now i don't own a raw coin and the set registry has me saving just for a coin. Now when i buy a coin i will have to save months and months. Its hard only buying a coin every few months.

Zulan

Buy some beautiful but cheap coin ever so often to keep yourself happy. I hear early British coins are a great deal!!!!

ddink

<< <i>My father told me that. In 1972. >>



Had he told some people that in 1987 (was that the year of the big run up in prices, then crash?), they could have saved a lot of money. In the end I think all good coins will increase in value (long term), while in the short or intermediate term (5-10 years) they may not.