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todays coin market
arthurlegand
Posts: 314
how to you feel about todays coin market is it hot or fair opions please please
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arthurlegand
Posts: 314
arthurlegand
Posts: 314
arthurlegand
Posts: 314
arthurlegand
Posts: 314
Comments
Todays(2007) coin market has the most avid and involved collectors in the the history of coin collecting. I would estimate that there are 50 times the number of serious collectors than there were 15 years ago.
And 500 times the number of occasional collectors--many of whom will become serious as their expertise increases.
As for pricing, and the likihood of increased value, it will depend on the area of the market. Average grade for any series has the least likely possibility, and rarity, with eye appeal has the highest.
Many series, in the higher grades, have seen dramatic increases. Examples are Early dollars, early gold, proof gold, draped and bust halves, and early copper.
The key dates in all the series after 1915 have outpaced even the better rarities in the earlier series.
Where will it go from here? With the demand from new collectors, and the holding ability of those that have completed collections in the last 20 years, it can only go higher.
But it will not be as frantic as it was for the last 5 years.
Short answer to your question-- it is healthy, and most enjoyable
If I had it my way, stupidity would be painful!
There is a lot of "Junk" in higher graded slabs graded by so-called reputable grading services - (this is aimed at no one company in particular) that cater to large, bulk submitters - hence "the gifts" overpopulate what should be reserved for coins that deserve the same grades thereby devaluing the properly graded coins. IMO, this is wrong. PQ coins belong in these brackets, not "gifts." There definitely NEEDS to be more consistancy in grading and far less favoritism toward those in the "Good Ole Boy" Network.
Casual submitters, TRUE collectors, continue to suffer from both the aforementioned.
Double standards should cease immediately and a sense of Integrity regained by ALL involved! Have you EVER seen so many top collections being sold as we've witnessed over the course of the past few years? People are bailing out, cashing out, in many cases, taking huge losses - for WHAT? A Dollar that is worth less and less daily with the biggest factor being this so called War in the Middle East!
Very legitimate pieces are Body bagged for questionable toning which is so bogus that everyone sees right through it, while the Good Ole Boys, people that spend the most money submitting coins, continue to flood the market with inferior coins for said grade.
There is a LOT wrong with today's coin market as evidenced by the exit of many a valuable collector that spoke his or her mind. Too many people are remaining "tight lipped."
I read voraciously yet wonder just where some of these people that claim to be writers get their information from! For example, I have often heard that a certain company is on the same level as PCGS and NGC when the numbers/ prices realized totally disprove said writers' "work." I need not name Names. You all know of whom I speak unless you live as a hermit in some cave somewhere.
The Economy and State of the Nation as a whole is in a sit on our hands, wait and see holding pattern. Money is not being spent as freely as it was just 3 years ago. I place the blame for this directly on the War in the Middle East. Someone/ ANYONE care to admit or even debate why we are really there in a War that we, the United States, cannot possibly win unless we go to nuclear tactics which would most certainly bring on World War 3.
The premise as to why we first went on is long forgotten and you cannot tell me that with today's 21st Century Technology, someone like Osama Bin Laden who sticks out like Shaquille O'Neill amongst 6th graders , has NOT been found on this tiny planet in almost SIX YEARS yet they found what's his face in a friggin' hole in the ground like the rat that he is. They found everyone else and erased them right off the face of the planet as they sat in what they THOUGHT was safe yet they cannot find this Giraffe amongst 6th graders? Something is definitely amiss here.
If we went in to free these people and to help create a Democracy (something totally foreign to these people and has them totally embittered because the majority's mindset being "Just who appointed you (the USA) as the ideal form of Government when it's certainly not working where you live."
ALL this has something to do with Economics and hence the State of Numismatics today. There IS a direct correlation between what is going on abroad AND here at Home that has most people with a wait & see mentality.
September 11th 2001 is fading from memory FAST. If we have accomplished our Objective then we need to bring our boys Home otherwise they are lambs being slaughtered needlessly every day in Modern day VietNam.
I apologize for seemingly getting off topic here but all this AND MORE affects everything. This trickle down effect has made it's way into Numismatics. The human instinct to survive far outweighs any so called Hobby or surplus money for coins. It IS ALL relative, ALL relevant and the vasy majority of people, contrary to what writers write, are more concerned with surviving than coins. At least that's my take on it and I hope I have not offended anyone as that certainly was NOT my intention or Agenda when I made a conscious decision to answer this post.
I could and perhaps should have summed this up by simply stating that it is "shaky", at best... very volatile with a lot going on behind the scenes, be it government or corporate America matters involved. The money is NOT flowing as it was but 3 years ago. JMHO and by all means, please pardon the Rant/ diatribe.
If you/ We think "All is well," I hate to disappoint you but this is simply not the case. It could all come tumbling down TODAY just as those 2 Towers did, years ago.
Regards to all,
BigBubba
i wish you would just speak your mind and not beat around the bush....lol
your post is well put and im glad to see people out there thinking
i too know how the world works as i have been in it a loooooooooong time...a few notes for your rant
osama is dead...he was killed in tora bora...the cia from time to time will have him be heard from ...but he is dead
i traveled to washington and told them how to win this war yet they didnt listen....castro took out a 100,000 man army with 5,000 guerrillas .....the french in vietnam told us..." dont come here...you can not win"...we won the cold war with economics as that was the only way to fight it....and i told them that in washington yet they didnt listen....here is a short shot of my 3 days telling them
all uprisings ,coup d'etat and revolts are all over one thing... standard of living....that being said
how you win this war is not by repeating the mistakes in cuba fighting castro or vietnam...you do it by raising their standard of living ...we have failed to do that because of nothing more than the hatfields and mc coys...aka secratarian violence
i told the boys in washington bring on an army of machines and build not tanks
in mexico there is an american company who has developed a way to take raw sand,cement,doors,windows and steal and build a house that will last for 150 and is solid concrete and pass out a set of keys to the house in 60 minutes.....how this is done is through a plant system and they make them like making cookies....in a week there can be 170 built...give me 2 plants and that 340....give me 10 plants and thats 1700 houses a week....give me 100 plants and that 17000 houses a week......if you give them a better standard of living they will fight for it...with their lives not ours.....i know....i have been doing it in mexico for a long time and they will fight like mad dogs to keep what they now have
here is the link to my company...we are so fast that the president of mexico couldnt get to see us fast enough...and you can see his pic on the front page of the sight
http://www.pmmcasa.com/home/home.htm
but washington had other ideas....i told them when i left....when you put me in charge...i will fix it for you....no call yet
now back on topic....the con market is plinking along great coins always find a home...pq coins do to but stuff just sits
you hit the nail on the head...the economy is rockin a little but inflation is through the roof....most cant figure real inflation...most dont care enough....most think its the core numbers...not..core is the escalator the gov uses for entitlements and they strip out fuel and food.....the real inflation in 2006 was 10.3% thus your 100,000 salary in jan 2006 was worth 89,700 in dec.....today its worth 85,000
so you see peoples money isnt going as far as it was...they cant figure it out why...but it hapening to them thus luxuries such as coins has begun to slow as there is a reduced excess money for their purchase
couple that with the "home atm machine" being closed and people are getting squeezed
so thats why the market is slowing....those of you who have the where with all are going to get some good coins with less competition
now to rock the house and tell you how bad it is
1 million seconds takes 12 days on your watch to tic off
1 billion takes 32 years
1 trillion takes 32,000 years
with a skyrocking debt up to nearly 10 trilion dollars it would take
is we paid 10 dollars a second 32,000 years...ah thats before man was walking upright
100 a second= 3200 year thats 1200 before jesus
1000 a second thats 320 years...that before george washington was born
oh...i forgot our off balance sheet debt...social security...we now have 45 trillion worth of earned social sercurity
so that 5,500 a seond before washington was born
oh ...i forgot the interest....so now we owe tens of thousands of dollars a second
fact is....washington is full of idiots and not math majors....so now you know why the pound is 2 to 1 now....and the euro is at 135...when not too long ago it was in the 80s
gold is heading north for a reason....way to much paper is being printed and the only way out is to inflate like never before
cut and paste this....it might help....written in 2004 and its a lot worse now
http://www.economicpolicymonitor.com/2004_04_01_archive.html
personally i dont care about the core inflation rate...what i look at is
gdp/debt ratio.......and that tells the story
soon thngs will be out of control and
the only way to stop it
IS TO BALANCE THE FOOKIN BUDGET
...the press needs to wake up and tell the people to vote for only those who will balance the budget...period
ok that my rant
monsterman
out of rockets ...out of bullets...switching to harsh language
Wasn't life so much simpler and a hell of a lot more gratifying when we could suit up and just knock the living
daylights out of someone.
It's no coincidence that since 1929, the overall increase in the DOW is essentially all due to inflation. And in that same time, gold has increased the same amount. What goes unsaid is that the losers are kicked off the Dow every so often. Gold never gets reformed or redefined. Now if the govt owned all gold you could bet that they would slowly reduce the purity as they metered it out.
Today's coin market seems ok. Gold will provide the general direction. When gold finally gives it up north of $1,000 the goose is cooked. Factor in a severe recession or major derivatives failure and all bets are off. That could happen at any time if the wrong chain reaction gets started. For now, our govt and FED are keeping things together by printing money and patching the holes in the dike as they occur. But this game only can go on for so long. Odd to say that the coin market is only as good as the inflation that our govt produces. And right now they are making plenty of it. Your coins will be doing good, but your wallet and home expenses will be taking a beating.
roadrunner
always loved suiting up and following the bible
" tis better to give than receive"....:-)
roadrunner
yep we have an apathetic population....and it is very concerning...seems that most good thinkers are here on these boards and not in washington...so keep spreading the word and in time the media will pick it up
goal #1.....balance the fookin budget
dont vote for anyone who does not live by this montra
now for the dow..your right....its the all stars of all stars..if i could make a video game of all football players who played and digitize their best plays and load it on my box and play a game the result would be the best of the best each play...the dow is one big false indicator as it throws out a bad player and enters a better one....people then say gee we are doing good...well the best of the best are ....while 90% of the rest arent
when they put me in charge the first thing i would do is to not create panic...but i would federally mandate through the banking system the credit card companies slowly increase their reserve requirements and squeeze down credit as it is here we are out of control....as people have been bombarded with comercials saying in essence your not cool if you dont have this or that..i-pods...fancy new cars...nike shoes...ect...thus this instant gratification is rampant in our society today.....our values have changed from helping the little old lady across the street to louie veton hand bags
the kids today arent as hard working today as yester year...i talk with many hr people and they all say the same thing....their applicants want every other friday off...2 weeks paid vacation right out of the box ect
not a doom and gloomer but our plane is losing altitude and my control panel has alarms going off all over it.....if not corrected we could have a mid air with the earth!!
monsterman
out of rockets ...out of bullets...switching to harsh language
The trick is controlling the increase to ensure the temperature goes up so slowly the frogs don't jump out of the pot.
Personally, I think the coin market today is in a Death spiral.
I'm seriously thinking about cashing out. What in the Sam Hell is going on?
What's the problem? Aren't cheap coins a good thing?
<< <i>define cheap? what amount is cheap? in my opinion they are fine because not every one collects certified or high end coins or rartries some collect for fun or just to have some nice old coins to leave to there family or keep >>
For me a cheap coin is a coin that I want and I can afford. Coins don't have to increase in value to make me happy. I'm in this hobby for the enjoyment it gives me.
If you're looking for a guaranteed way to make money just google up "rule of 72".