If coin prices fell 25%....

Trime

If coin prices fell 25% from todays level and you believed that prices would remain at this new level for 5 years , would you be forced to sell some of your coins? Look for a new hobby/investment? Be a buyer of new coins? Sit tight and wait for a new upside move in the coin market? Not notice that prices had changed?

fcloud

Buy buy buy!!!

kranky

I wouldn't be forced to sell anything, and I'd probably continue adding to my collection at the same glacially slow pace I've been doing.

PerryHall

No. I'm a lifer. I'm into coins for the long haul (until death do we part).

poorguy

Depends on why they fell. Was it just one series? One major key date issue?

LanLord

<< <i>Depends on why they fell. >>

Hmm - perhaps the only really well thought out answer

PTVETTER

what is important is that if you have a nice collection of coins ever if the value drops to nothing one still has a nice collecton of coins on the other hand if one has just been filling hole with low grade junk the collection is still a bunch of low grade junk both collections are worth the same

Now which valueless collection would you rather have?????

TheRaven

I would continue to purchase what I wanted.....

The price increases at the present time are annoying and are making me buy less coins.....

I liked my 1914-P Half when I purchase it for $50, I like it now the same even thought it is worth like 3 times that.....

Cnitas

To be honest, if values dropped to nothing, I would want to have had the low grade junk collection. I would hate to think I poured thousands into something I could now buy for virtually nothing.

If they drop 25%, nothing about my habits would change.

Coinosaurus

Buy carefully and hold for the long term - always the right strategy in any market.

nwcs

Nope, already sold the coins. I'd buy. Please let the prices fall 25%!

mhammerman

"No. I'm a lifer."

My tribe would still be just as beautiful at a 25% downturn...on the other hand, with a 25% up turn, they might be even more attractive. None the less, they would still be with me.

RW

I'd buy if I did not foresee continued devaluation.

BECOKA

Considering the coins I buy are for my collection why would I sell. Only reason to sell is for upgrades or un-forseen financial trouble.

Longacre

It's a buying opportunity.

coynclecter

Would it be any different than 1964 , 1974, 1989??

Coins move in cycles and the hardest to fall are the overpriced wigits. Does anyone think MS64 and 65 $10 and $20 are scarce or rare???

OKbustchaser

As far as what is already in my collection I couldn't care less what the price does--fall to face value or triple in price makes no difference. They will never be for sale until after I die anyway.

A 25% accross the board decrease in what I still want to buy would be quite welcome unless (and this is a big possibility) the supply dried up as no one was willing to sell into a down market.

Admittedly, I approch this strictly as a collector not someone who is dependant on coins either as a living or investment.

Veep

With values what they are, I'm on the sidelines for the most part. If values dropped 25%, I may start selectively buying again. But they'd have to drop still further to entice me back into the buying spree that I was on a couple of years ago. My coin money is "extra" money. A paper decline in value is just that-- paper. Prices would come back in the future.

michael

one of the better threads on here as of late

If coin prices fell 25% from todays level and you believed that prices would remain at this new level for 5 years


would you be forced to sell some of your coins if in fact you had any coins? ..... NO!!!

Look for a new hobby? NO!!!! coins are NOT an investment!!!!!!!!!!!!!!!!!!!!!!!!!

Be a buyer of new coins? NO!!! but if i was in a buying mode oh yes as there would be many excellent opportunities for buying it would be great!!!!!!!!!!!!! in fact UTTERLY FANTASTIC!!!!!

Sit tight and wait for a new upside move in the coin market? yes

Not notice that prices had changed? yes

jdimmick

I would probably start buying again (still selectively). Several items I quit buying a while back becuase the prices were too high for where i thought they should be for lots of material.

roadrunner

I would definitely sell off a portion and move into something that was not going to stagnate for 5 years. And this suppostion doesn't
imply that after 5 years of stagnation that prices don't fall further. Not a good place to be. If coins are stagnant for 5 years then
commodities as a whole would be. By the time that scenario hits, I'd expect to be back into equities and other paper assets.

roadrunner

Robgetty

How could prices having fallen 25% FORCE you to sell?

By the question, you think that prices are going to be this level for 5 years, so you have no fear in holding your coins for a while; the value will hold. The sale of your collection would only be driven by an urgent need for money.

Did you intend to ask: "If you knew prices were going to drop next year by 25% and stay there for 5 years would you sell before the prices dropped?"

BillJones

When I first got into this business more than ten years ago, it was a down market, I could not have been happier. I could buy properly graded coins at "bid" and less and easily resell them to collectors. Several dealers would let me take anything I wanted on consignment because the items were not selling well for them. I could spend $1,200 at a show and come back with almost half a double row box of really nice Civil War tokens that I could sell for $10 to $12 each.

Today prices are so high that it takes more and more capital to maintain a decent inventory. Very common but decent no problem Civil War tokens are now mostly $20 and up, wholesale, and the selection of pieces available is no where near as good.

As a "contrary buyer" I'm not a huge fan of "go-go" markets. Some day this will slow down, and when it does my collection might not be worth as much, but at least I will have an easier time adding to it. AND my coin business will be easier for me as well.

When as a dealer I am dependent upon other dealers for much of my stock, life is harder when they can sell the coins to retail customers at good prices. They don't need me any more. Yep, I'll opt for the slower markets when mostly hard core collectors are doing the buying, the speculators are on the sidelines.

BillJones

<< <i>How could prices having fallen 25% FORCE you to sell? >>



If you are foolish enough to borrow money to buy coins, or you are using money that should be some place else to buy coins, you can end up in a position where you are FORCED to sell coins.

I had a good customer for whom I built a BU set of Morgan dollars. He must of gotten caught in a margin call in some stock because he HAD to sell some of his best pieces very quickly. This was when there was a 'mini slump" in the market, and I begged him to hold off. He couldn't and he ended up losing some money. If he had only held on for a year, he would have made several thousand dollars. If he had held on until today, he would have made 10s of thousands.

One of his coins was an 1895-P in PR-63. Back then the coin sold for just over $20K. Today it wholesales from close to $40k. Timing is everything.

Robgetty

<< <i>If you are foolish enough to borrow money to buy coins, or you are using money that should be some place else to buy coins, you can end up in a position where you are FORCED to sell coins >>



Sure, but the price drop in the coins didn't force you to sell, an outside factor did.

(OK, now I'm arguing semantics. I'll be a good boy and go back to work.)

Windycity

i would buy and upgrade.

shirohniichan

Not notice that prices had changed?

Have prices changed since I stopped buying trade dollars a few years ago?

mozin

<< <i>If coin prices fell 25% from todays level and you believed that prices would remain at this new level for 5 years , would you be forced to sell some of your coins? NO

Look for a new hobby/investment? NO

Be a buyer of new coins? YES

Sit tight and wait for a new upside move in the coin market? NO

Not notice that prices had changed? What, am I stoned? NO >>



If a certain series dropped dramatically relative to the overall coin market, I would likely hold off further buying in the series. I tend to buy more coins in a series where I see my holdings appreciating.

zkcoins

<< <i>Buy buy buy!!! >>





I would spend lotza cash the next few years to complete some of those sets I have been wanting at a 25% discount!

RickMilauskas

Like many of you...I'd keep mine coins and see it as a great buying opportunity.

I'd buy what I could to get in before the next rise in prices before I couldn't afford it.