The coin market does not exist in an economic vacuum. The end of this boom will be brought about by an economic event outside of numismatics.
Is the housing market really as hot as claimed? How much longer will the American public put up with the so-called "fight for freedom in Iraq?" When will the public's debt load finally exceed the ability of "creative financing" to cover it? Will corporate America figure out a way to dump its pension obligations? When will the health insurance crisis actually reach the "front burner?" Are the oil reserves claimed by the OPEC nations real or merely illusions?
Laura says the Palm Beach show is dead.... but mostly because nothing noteworthy is available to buy. If a fresh group of high end coins came on the market, you'd see a feeding frenzy.
<< <i>This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.
If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.
I am not one to make market calls, but my official position as of 9/6/08 at 9:57A CT is that the portion of the coin market that I frequent is slowing down. My proprietary indicators are all pointing in that direction. I will not predict the depth or duration of the slowdown, and this position could change at any time. As a collector, I will continue to buy coins that fit my parameters so long as they can be obtained at reasonable prices.
<< <i>In the past 40 years I've been thru three complete cylces...big bull run to crash.
This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.
If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.
Guys...we're just getting warmed up.
Personally, Van and I are putting a lot of money in top quality coins and taking some big positions for the future.
Am I positive coin prices will continue to rise...no. But I'm placing a pretty big bet that they will.
Buy what you like...have fun...stay healthy and out of debt!
David >>
Good call.....I wonder what coins HRH put away.??
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
Comments
Is the housing market really as hot as claimed? How much longer will the American public put up with the so-called "fight for freedom in Iraq?" When will the public's debt load finally exceed the ability of "creative financing" to cover it? Will corporate America figure out a way to dump its pension obligations? When will the health insurance crisis actually reach the "front burner?" Are the oil reserves claimed by the OPEC nations real or merely illusions?
The list goes on...will the coin boom?
No surprise there. How long are they planning to keep it up? The last few have been busts for one reason or another.
<< <i>This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.
If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.
This all happened in the days before slabbing. >>
I'm pretty sure David Hall already knew that.
Russ, NCNE
<< <i>In the past 40 years I've been thru three complete cylces...big bull run to crash.
This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.
If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.
Guys...we're just getting warmed up.
Personally, Van and I are putting a lot of money in top quality coins and taking some big positions for the future.
Am I positive coin prices will continue to rise...no. But I'm placing a pretty big bet that they will.
Buy what you like...have fun...stay healthy and out of debt!
David >>
Good call.....I wonder what coins HRH put away.??
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Yes.
Russ, NCNE >>
<< <i>No.
Russ, NCNE >>
<< <i>Maybe.
Russ, NCNE >>