Question about the coin market.

DickyBetz

Since I got back into collecting again I have bought many new coins. I have read on this forum that the coin market is going very strong right now and the prices are pretty high. I am used to the prices that I have been paying in the past few months and was just wondering if they are going to stay at the same level in the near future or are they going to start to level out again and move lower? I realize that people cant predict the flow of the market. I was just wondering what you guys thought about this.

ziggy29

Those of us who think it will continue are still buying. Those of us who expect a crash have stopped.

dizzyfoxx

I think it depends on the coins. The one's I'm looking for, if I see one that I and the price is high but in my range, I'll snag it. Who knows, the market for really pretty toned commems could plummet tomorrow, but I'll still my coins.
P.S. IMHO, I think the market will always remain strong for the "best of the best" of any issue. My philosophy is to acquire the absolute nicest example one can afford of any coin you are looking for and you will always be .

jdcheers

Timing the market is a tricky thing to do, of course. However, the market has been strong to very strong the past six years now and many segments seem to be still growing. There are five main reasons. (1) Outstanding Mint Products and Promotion (2) Shop at Home Networks (3) Ease of purchase {Internet Auctions, Online Sales, etc.} (4) Intrinsic value & diversification (5) Popularity of the hobby.

The most impactful, IMO, is the ease of purchase. Being able to purchase from a wide selection of coins 24hr a day online has brought billions of dollars into the industry. Coins that may have been stuck in a dealers inventory or wholesaled, are now being sold online at competitive prices. This venue is here to stay and I don't think we are likely to see a major decrease in the values of scarce coins anytime soon. On the other hand, if medal prices were to suddly decrease, common date dollars etc will dip.

TheRaven

I think things are going pretty well and will keep going well.....

I am just annoyed that the Ohio Coins Shows that happened every few months ain't going on anymore

This could affect my purchases, but I will just have to start the online auction purchases I guess.....

Touchdown

The Coin Market appears to be very strong. Auction Houses are setting records too often. Million Dollar coins now are abundant. The price of gold is going up quickly and many are buying and will keep buying thinking that the dollar is devaluating. Some chose to invest in gold and others want to invest in coins for this reason.

questor54

As long as the US continues our disasterous monetary policies (including our public debt and balance of payment problems) the dollar has nowhere to go but down in real terms. That means support for prices of all hard assets (commodities, metals, etc.) and traditional stores of value like rare coins.

The internet (and yes, even sleazeBay), as as another person said, made coin buying easier! Going into a coin shop or to a coin show can be an intimidating experience for a new collector (especially given the "attitude" shown by a lot of dealers - they often can seem to be trying to chase away their potential customers).

The proposed Presidential dollars (if issued) should carry forward the enthusiasm started by the State quarters.

The home shopping networks will continue shearing sheep.

The one not-so-good factor might be the level of personal indebtedness. May people have their homes mortgaged to the hilt and the credit cards maxed out. No mponey to buy coins! Also, our industries are going to continue to be off-shored - nothing can stop that. That means more layoffs, more demands on the tax-funded social programs. And - at some point the housing price bubble may burst.

So...collect what you like and buy what makes you happy!

lclugza

I personally think many sectors of the rare coin market will CRASH soon!
But I could be wrong. Just buy the coins you like, and don't worry too much about whether you make money or lose money; collect for fun, not profit.

DickyBetz

<< <i>But I could be wrong. Just buy the coins you like, and don't worry too much about whether you make money or lose money; collect for fun, not profit. >>



I was not asking because I am concerned about the value of my coins, I was asking just because I was curious. Almost all of the coins in my collection will never be sold unless I upgrade or I want to sell to buy another coin. If I ever sell profit would be nice, but I dont care either way. If I lose money I think of it as my fee for enjoying that coin.

lclugza

Actually, nobody knows for sure what the market will do. I guess you could ask "experts" who have been correct in the past; however, even the greatest expert probably has been wrong a time or two.