WSJ Feature Article on Coins!!!!!

jpkinla

Good for the coin market:

Wall Street Journal Article on Rare Coins

Nysoto

More collectors would be good for the hobby. More investors would be bad for the hobby, as happened with the rare coin funds in the late 80's.

MrEureka

This is big news! After a week in Baltimore away from my computer and this forum, I expected to return and find a 300-post thread on this WSJ article. Instead, there was only one response to the initial post. I find the lack of interest surprising.

kieferscoins

Andy:

There was several threads about 3 days ago on this topic. They were pages long. This is old news and that is why this thread has only gotten 2 replies.

Cameron Kiefer

MrEureka

Cameron - Thank you. BTW, what are you doing up so early? Oh, never mind. Stupid question. Give my regards to the twins.

kieferscoins

I like getting up early in the morning. If I ever meet them I'll say hi for you.



More along folks, nothing to see here



Cameron Kiefer

AValde

I see many newbies (on Ebay) in the gaudens market pushing 64s to $960 levels. I don't know if this is absurd or if this is the going trend these days.

DHeath

I'd expect the "smart money" was positioned several years ago. This is the PR portion of the program. Should be interesting.

morgannut2

This is a suprising article from the Wall Street Journal. I guess they're seeing a little buzz from the investing class, and want to be ahead of the game. But I wonder if these means we're at the top and prices are going flat? Or is there really big new individual money?

AValde

Japan threatens huge dollar sell off : The Observer (this is not good)

ksteelheader

<< <i>There was several threads >>







<< <i>More along folks, nothing to see here >>



Cammy, you having problems this morning with spelling and proper word use?...

Get your mind off those skinny broads and straighten up!

jom

<< <i>I see many newbies (on Ebay) in the gaudens market pushing 64s to $960 levels >>



Screw buying coins as an investment...I think I'll buy Ebay stock!

jom

WaterSport

Gee, do you suppose that last few sentences were in reference to ACG....?????

WS

mhammerman

Well, I say HA! They have been making a living from the US consumerism for tooooo long now, let them sell their honda's and bmw's somewhere else...like china maybe.

CarlWohlforth

Japan wants a strong dollar. Threatening a massive sell off of dollars sounds counter productive for them. If Japan sold loads of US Dollars as it would weaken the dollar and make Japanese goods that much more expensive in the US which hurts the Japanese economy...

MrEureka

Japan wants a strong dollar. Threatening a massive sell off of dollars sounds counter productive for them. If Japan sold loads of US Dollars as it would weaken the dollar and make Japanese goods that much more expensive in the US which hurts the Japanese economy...

Correct. The article is clear on that. The problem is that whoever wrote the headline either didn't read the article, or doesn't understand economics, or both.

pupskweek

A collection is also an investment, isn't it? And the price of gold is going up as the dollar falls--10% this year. Silver, also, has risen 37%. I must be one of the newbies that is paying too much for a common Saint but I'm thinking it will go up enough so I can parlay it into something better. Is this bad for the hobby because I'm running the price up? There are surely a lot of coins out there for sale.....

Pups

CarlWohlforth

<A collection is also an investment, isn't it?>

Not necessarily. Dealers expect to make a profit. So if you try to sell the day after you buy you most likely will be offered less than you paid. This is the dealer markup.

Will coins go up in value over time? Maybe. Some coins are still lower in value than they were in 1989.

<Is this bad for the hobby because I'm running the price up?>

I don't think it is bad for the hobby. As you say there are a lot of coins out there so it is unlikely that you, personally, are running any prices up.