Rare coins are going much higher!! Especially gold...

saintguru

Discuss...

Fletcher

Yes, but the question of the day is ... what is "rare"?

CoinHusker

Personally, I like mine medium-rare.

saintguru

you tell me what you consider rare first. That's a layup.

291fifth

"Rare": A coin the dealer is trying to sell you. "Common": What you are trying to sell the dealer.

saintguru

Not me...I try it the other way around.

coinmickey

Rare": A coin the dealer is trying to sell you. "Common": What you are trying to sell the dealer.

How VERY true.....

Tarmac

Maybe and it depends.

If the dollar slides, interest rates go higher, stock market seizes and real estate plumments then it's slam dunk. Investors will seize tangibles like they did in the 70s? Anyone remember Howard Ruff and his 'Ruff Times'?

I don't believe we would need to see all the above happen at the same time but if a few did happen it could lay the ground work. What many don't realize is it takes very little buying to send coins into orbit especially if the inventory does not meet the demand.

The moves in PM last and this week are great buying opportunities.

greghansen

What's the time frame assumed by the question? Are we talking about the next 5 months or the next 5 years. I've commented on this before and I'll make the observation again. Demographics STRONGLY favor coin collector demand growth over the next 20 years. Just recall the mental image of the average collector that you see on the bourse floor or in the auction room nowdays. Figure how many more people like that there are going to be marching around as the baby boomer generation retires. Older population. Guys with disposable income. Guys living longer to hold onto their collections tighter. Lots of free time on their hands. Intellectualy curious. I'm intentionally referencing 'guys' only because the collector side of the hobby is predominately male. I'm telling you...all prices right now are a bargain. Coin collecting is in a secular growth stage for the next couple of decades IMO.

saintguru

5-10 years. I wouldn't do this as a commodity "trade".

"Coins are the metal footprints of the history of nations"
--William H. Woodin Sec. Treasury 1932-33 Renaissance Man

Steve27

I suspect that with precious metals taking a dive, rare coins (especially gold) will be going down.

saintguru

I'll bet they are all higher at the upcoming auctions.

Coxe

<< <i>I suspect that with precious metals taking a dive, rare coins (especially gold) will be going down. >>



There is not much of a beta for rare coins to base metal spot prices. Common material will drop with metals, rarities not so much.

ewitte

<< <i>I suspect that with precious metals taking a dive, rare coins (especially gold) will be going down. >>



Until we start mining in space its not going to become any less scarce. The only thing our consumtion is doing is dramatically increasing. I doubt we will see it in our lifetimes. While gold will eventually go down the net effect over decades is still going to be very positive.

bcinok

<< <i>What's the time frame assumed by the question? Are we talking about the next 5 months or the next 5 years. I've commented on this before and I'll make the observation again. Demographics STRONGLY favor coin collector demand growth over the next 20 years. Just recall the mental image of the average collector that you see on the bourse floor or in the auction room nowdays. Figure how many more people like that there are going to be marching around as the baby boomer generation retires. Older population. Guys with disposable income. Guys living longer to hold onto their collections tighter. Lots of free time on their hands. Intellectualy curious. I'm intentionally referencing 'guys' only because the collector side of the hobby is predominately male. I'm telling you...all prices right now are a bargain. Coin collecting is in a secular growth stage for the next couple of decades IMO. >>

stiffy

<< What's the time frame assumed by the question? Are we talking about the next 5 months or the next 5 years. I've commented on this before and I'll make the observation again. Demographics STRONGLY favor coin collector demand growth over the next 20 years. Just recall the mental image of the average collector that you see on the bourse floor or in the auction room nowdays. Figure how many more people like that there are going to be marching around as the baby boomer generation retires. Older population. Guys with disposable income. Guys living longer to hold onto their collections tighter. Lots of free time on their hands. Intellectualy curious. I'm intentionally referencing 'guys' only because the collector side of the hobby is predominately male. I'm telling you...all prices right now are a bargain. Coin collecting is in a secular growth stage for the next couple of decades IMO. >>

I third that. Also, there are so many more kids being exposed to coin collecting with the schools getting involved because of (primarily) the state Qs program that I figure that even after the 20 years you speak of is up, that the average 10 year old of today will be 30+ and may be ready to come back after a hiatus for college etc.

fishcooker

Wow, six years ago gold would never go up. Now it will never go down. I find it neat to watch the herd mentality.

coinlieutenant

The market is slowing...discuss...

dwssws

<< <i>The market is slowing...discuss... >>



for certain aspects of the market that I follow

roadrunner

Junk is slowing.....but better stuff is not available except at auctions where it brings moon money. I've given up looking for gem type as it is basically unbuyable now. Coins as a whole are getting ready to explode. Gold is leading the way. The current downtrend in gold is a secondary point on the way through $800.

Wow, six years ago gold would never go up. Now it will never go down. I find it neat to watch the herd mentality.

Yes, and 6 years ago people were used to raking in 20% in the stock market by throwing darts at growth funds. 6 years ago the central banks were still dumping thousands of tons of gold on the market (hint......they have none left to toss out). 6 years ago the US Dollar was peaking at an all time high. Our dollar was revered around the world. Inflation was "dead" or so it was said.

bottom line......it ain't 6 years ago any more. An anolgoy to this is how many of you were buying stocks hand over fist in 1977-1980 or 1987?

roadrunner