I have come to the conclusion.....

theump

That, like stocks, you have to buy what is unpopular and sell what is popular. A few months ago I was picking up classic silver commems when they were out of favor. Now according to the greysheet, they are very much back in favor. Same thing with Morgans. I am currently buying classic gold comms and I am still on my country wide tour of trying pick up every modern gold comm at melt or less.


Ok, just call me captain obvious.

seanq

<< <i>A few months ago I was picking up classic silver commems when they were out of favor. Now according to the greysheet, they are very much back in favor. >>



How much have they advanced since January? I don't subscribe to the Grey Sheet but I did pick up a copy in January, which I've been referring to in my quest for Circ Cam™ classic commems. It would be helpful to know if the information I'm basing my bids on is hopelessly outdated (after just three months..).


Thanks,
Sean Reynolds

theump

The BTW series has had a real nice advance. As have had the York and Wisc. in top grades. Other nice movers have been Elgin, Deleware, Texas Set, and the Oregon set.

TwoSides2aCoin

8-track tape player

RedTiger

My conclusion is that this is dumb luck. Morgans, commems, some other sectors such as Walkers and Mercs, have been heading south for a couple of years now. A few months of up tick doesn't reverse the trend. Greysheet prices sometimes are related to reality, often times not.

Readers, collect what you like. Invest serious money elsewhere. Do not look for investment advice on a coin board. For collectors that don't aspire to becoming dealers the cost of getting in and out of coins is substantial.

As for gold, it is good to buy below melt instead of paying a premium (or worse buying from a telemarketer, a radio or TV ad and paying 2x melt). However, any long term results will depend on the movement of gold. If a person has to sell quickly, they often have to be sold below melt to get them to move.

Zoins

SCDs are an interesting example right now. The MS LOC and MS Jackie are also interesting, though more from a historical perspective.

curly

100% what RedTiger said