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Poll: Will coin prices go up or down in 2007?
RedTiger
Posts: 5,608 ✭
In particular, threads about the upcoming FUN auction have sparked a spirited debate on the future of coin prices.
Share your opinion, educated or otherwise here. Use the PCGS 3000 as an indicator for the overall market. However, if you specialize in one series, thoughts on that series are welcome as well.
/edit to update title
Share your opinion, educated or otherwise here. Use the PCGS 3000 as an indicator for the overall market. However, if you specialize in one series, thoughts on that series are welcome as well.
/edit to update title
0
Comments
As to specific series, (modern) errors may still be able to rise some more, but eventually they will move down to more saner levels. They will certainly be more expensive then they were 10-15 years ago, but I don't see how $1,200 for 11c pieces can be sustainable, for example. Circulated half cents will continue a slow, steady rise, as these are collector coins that are not affected by "the market." Assay Commission medals will still be thinly traded enough that one cannot say how their prices trend. This will continue until whenever the Pittman collection sells, which hopefully will be at least two years after I get a permanent job so that I can afford plenty from it. Such an auction will likely raise prices at least 50% compared to where they apparently are now, and set a new baseline.
Ed. S.
(EJS)
<< <i>Will coin prices go up or down in 2007? >>
Yes
:-D
roadrunner
About 15% expect a price decline, and almost all of them expect it to be a modest pullback of under 10%.
Those looking for a crash or major top, the sentiment at those times is usually skewed much more bullish, as probably would the poll choices. A 50% price jump for 2007 would not be out of the question and 20% would be almost a minimum expectation for the majority.
The small sample size means, that the poll doesn't mean all that much. However, like I said, sentiment is a good indicator for tops and bottoms. I know my markets (see my blog signature) and markets are similar, no matter what is being traded.
but for the bulk of collectable coins, I see a downward bias. How severe
will depend on economic factors unrelated to coins. The economy has been rigged
by deceptive economic numbers, a Fed that raises interest rates and the floods the
market with fresh money, uncontroled defecits and a truly horrendous balance of payments.
Add the fact that for most working Americans, wages have been stagnant for some time. All
of these economic issues, plus a never ending war, draining resources and the need to rebuild, refit
and enlarge the standing army and marine corp, present a convergence of very negetive factors that
may have a strong negetive effect on the coin industry. Be careful out there folks and try not to get
over extended financially. Any seeming increase in coin values, are due to the creep of hidden inflation factors.
Camelot
I expect the "average" stuff for the grade (except for rare dates and the early type through 1807) to continue to drift sideways or down somewhat, and I expect the best quality -- original surfaces, superb eye appeal -- to continue making records throughout the year. As for pre-1808 coins, I think they will rise in value again across the board because there's so much demand for it -- though of course, the best quality in that group will outperform, too.
We're seeing a market where increasingly, the nicest coins at a lower grade level will sell for more than average coins a grade higher. Unless the entire market craters, I don't see that changing any time soon.
and will do well next year, particularly the Halves in AU-58 PCGS.
These are still coins of great beauty and still at a reasonable price.
Camelot