Is the Colonial market speculator-proof?

Longacre

I was reading an old book by QDB from the 1980's called "Common Sense Coin Investment". In it, he states the following: "There have been very few downward movements in colonial coins over the years, simply because the market is made up of true collectors and not of speculators or investors. True collectors provide a stable market based upon the laws of supply and demand, with collections being built and dispersed on an orderly basis, with a minimum of speculative psychology intervening."

I found this interesting. Do you agree? Comments?

JadeRareCoin

QDB said it perfectly! I agree with his comments regarding Colonial coins and actually extend those sentiments to most early Federal coinage (pre-1837). I haven't seen the bid price of Draped Bust dimes drop from year to year.

ColonialCoinUnion

I agree with QDB in general, but it would be dangerous to interpret this to mean that all colonials represent a good investment.

There are plenty of colonials out there that were or are overpriced and plenty of unfortunate owners who will never be able to sell their coins for a profit.