Are we watching a game of musical chairs

Bear

Higher and higher prices for coins.........untill the music stops.

When something defys reason, then it is generally prudent to

assume that gravity will soon make its presence felt. While many

mid price coins still seem rationally priced, the ultra rarities are not.

I will still pick up a coin that is beautiful to behold and reasonably priced,

but this scene , for most of us seems better for observing then playing.

kieferscoins

Everything that deals with buying and selling

is playing with musical chairs be it cars, oil or food.

We all may get stuck at some point and it is the same

with coins.

Cameron Kiefer

braddick

How do you
two get your
sentences to
stay on the
left side of
the page?

I think instead of playing musical chairs we're playing ring around the rosies.

"Ashes, ashes, all fall down."

Bear

I wonder if the word THUD

brings a picture to mind.

TUMUSS

Is it possible that (lots of) new collectors are driving this push, and aside from some small corrections, we are in for a HELL of a run up?

DHeath

We are in the process of strongly devaluing the dollar. For fun's sake, I superimposed markers for the last two significant devaluations on the CU3000 coin index. The last two devaluations were also at the end of large US military expenditures, Vietnam, and the Cold War. Maybe this time will be different, but if history is any indicator, key date stuff will get real silly real soon, before it readjusts to Earth's atmosphere. JMO

ss350camaro

I think the "game" is more like "Hot Potato".

Who will end up with the "potatos" when the coin market crashes.

TUMUSS

What I see....Is 4-5 years MORE of increase!

Spt 85' to Aug 90'???

pursuitofliberty

Bear,

In some ways I agree with you, but I'm not sure it has really gone crazy enough to where the bottom drops out just yet. Until recently I thought it was going to happen any day, but then I remembered something.

Unless my memory fails me, in 87-88 the market was pushing forward at a pretty good clip ... I was a newbie to the hobby so I may be off a little in my understandings. Just as many thought that was that ... the top was had and it was time for a cooling off ... Wall Street stepped in and sent everything through the roof from what were already considered "getting pretty steep" prices. In the next 12 to 18 months prices for everything that could be considered an "investment" coin went haywire ... even the junk. Then it stopped. Wall Street wanted it's money back.

When it comes to the high dollar rarities, I agree they've run hard and may soften. There are only so many buyers. But that is what happened before. Their successes were published and that fueled the fire. Soon even the barber was talking about rare coins. If the more available mid-grade Unc's run hard for three to six months (which I personally haven't seen yet - although maybe they already have???), then it'll be time.

I think the train is coming, but I'm not sure it's here quite yet ... and it might be a while. I think the filter down is just starting, and until it pulls the late date Walkers (and the like) up hard in MS63/4, I think it'll still be a little crazy. I may be wrong. I'm not selling much this cycle anyway.

My two bits ...

jdimmick

When the music stops(whenever that is), it would be wise to be in:

Coins that are in continual high demand regardless of market conditions and that are not frequently encountered or available.

or

whatever you like, becuase the end monetary value of said collection is of no concern to you!

DHeath

I see a big increase as well, followed by a move back down in about 3-4 years. We'll see. I think the devaluation will take a few years to impact manufacturing, but once our goods get cheaper abroad and our trade imbalance becomes more neutral, stocks will begin to look too good to the investor and coins will wane. The likely truth is we'll all believe we've made bunches of money, but it will be largely the product of inflation, and we'll be treading water in terms of real value. That's how I see the tea leaves. I'm sure there are other more informed opinions.

braddick

<< <i>I think the "game" is more like "Hot Potato". Who will end up with the "potatos" when the coin market crashes. >>



Where's your "e?

dthigpen

<< <i>

<< <i>I think the "game" is more like "Hot Potato". Who will end up with the "potatos" when the coin market crashes. >>



Where's your "e? >>



He's a Red Coat, get him!