Which Coin (s) will rise in value in 2008? Which will Fall?
mrearlygold
Posts: 17,858 ✭✭✭
Which coins do you think will see their prices increase in 2008? Why ? Which do you think will fall? Don't limit your opinions to just US coins . It would be interesting to know how you all feel about world coins as well. I'll go first
I think that some early US gold coins will see continued strength in the new year. I personally think that better variety's will see an increased base of customers which will be reflected in the overall prices of these coins. Which ones? Personally I think that early half eagles willl see increases virtually across the board. ( Yes I have a moderate position in these coins ) On the other hand I think that the more common date early eagles will see some additional weakness but find a fair value before the year is over.
I think we'll start to see collectors AND investors finally become interested in the earlier commemorative silver coins. I especially like civil war related commems as one example, especially since the 150th anniversary of the Civil War is coming up in a few years. Now's a good time to be buying these coins in grades ranging from MS-64 on up thru Gem.
On the world scene, several people in the know have said that modern Chinese coins are a bubble that's about to burst. I'm not so sure I see that. With so many things made in China and the middle class there in the hundreds of millions just starting to burst , there's a whole lot of money floating around for coins. For example,we cleaned out my new Dell computer about an hour ago and the tags inside the machine said "Made in China". So from fish and other foods to high tech, they really seem to be producing much of what we are seeing in our homes, and everyplace else. I also think that several areas of world coins will by far outpace the appreciation we will see in US coins.
I have some other opinions and thoughts but hopefully this will be a start here.
Your turn
I think that some early US gold coins will see continued strength in the new year. I personally think that better variety's will see an increased base of customers which will be reflected in the overall prices of these coins. Which ones? Personally I think that early half eagles willl see increases virtually across the board. ( Yes I have a moderate position in these coins ) On the other hand I think that the more common date early eagles will see some additional weakness but find a fair value before the year is over.
I think we'll start to see collectors AND investors finally become interested in the earlier commemorative silver coins. I especially like civil war related commems as one example, especially since the 150th anniversary of the Civil War is coming up in a few years. Now's a good time to be buying these coins in grades ranging from MS-64 on up thru Gem.
On the world scene, several people in the know have said that modern Chinese coins are a bubble that's about to burst. I'm not so sure I see that. With so many things made in China and the middle class there in the hundreds of millions just starting to burst , there's a whole lot of money floating around for coins. For example,we cleaned out my new Dell computer about an hour ago and the tags inside the machine said "Made in China". So from fish and other foods to high tech, they really seem to be producing much of what we are seeing in our homes, and everyplace else. I also think that several areas of world coins will by far outpace the appreciation we will see in US coins.
I have some other opinions and thoughts but hopefully this will be a start here.
Your turn
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
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Comments
As far as world coins, the 2000 Australian Lunar Gold Dragon is trading between $1200 to $1600 currently! For a one ounce Sleeper gold coin, it turned out to be a strong contender.
China made gold coins hold amazingly small mintages yet hold minimal lasting premiums, as I see them. Maybe the Olympics will change the perception.
Miles
I think key dates will go up evenmore, so will most early gold.
as to what may fall, i hope nothing and wont comment because i dont want to jinx anyone...
just a few in my hoard...
continue to put pressure on these prices. Some of the greatest pres-
sure will be on the '65 to date Lincolns. There are large numbers of
collections that end at 1964 and when everyone begins sensing that
the penny will be discontinued as a circulating coin then they will want
to update their sets. None of the later Lincolns are scarce in gem but
there are many dates that cannot withstand any real demand. There
just aren't a lot of coins like a '79-D in MS-65 available and higher prices
will not change this situation.
It should be remembered that some collectors have spent a life time
looking for the nicest '26-S they can find but picked up their 1979-D in
pocket change. Some of these later coins are just going to dry up un-
der any sort of demand. The '68 Lincoln is always tarnished in the mint
set. Roll coins are abundant but these also have some problem with
corrosion and are usually poorly struck from worn dies.
Lincolns in general will be strong at least till near the end of the year
but the later ones will be stronger and will get even stronger when the
coin officially ends production.
I sure hope the Commems take off . . .
Drunner
<< <i>Western Saloon tokens have risen about 100% this year on ebay. I see no reason why they'll stop soon. >>
They'll stop when the buyers figure out that many of them are modern fakes.
Replicas have a history of destroying collectible markets. Think toys and posters.
roadrunner
Any thought's on their current value and future? I'd like to start collecting them and have just begun to read up on the series.
Any thoughts are appreciated. Here's the AU 1923 I picked up for grey sheet bid.
Click on this link to see my ebay listings.
<< <i>I think there will be a lot of collectors working on Lincolns and this will
continue to put pressure on these prices. Some of the greatest pres-
sure will be on the '65 to date Lincolns. There are large numbers of
collections that end at 1964 and when everyone begins sensing that
the penny will be discontinued as a circulating coin then they will want
to update their sets. None of the later Lincolns are scarce in gem but
there are many dates that cannot withstand any real demand. There
just aren't a lot of coins like a '79-D in MS-65 available and higher prices
will not change this situation.
It should be remembered that some collectors have spent a life time
looking for the nicest '26-S they can find but picked up their 1979-D in
pocket change. Some of these later coins are just going to dry up un-
der any sort of demand. The '68 Lincoln is always tarnished in the mint
set. Roll coins are abundant but these also have some problem with
corrosion and are usually poorly struck from worn dies.
Lincolns in general will be strong at least till near the end of the year
but the later ones will be stronger and will get even stronger when the
coin officially ends production. >>
YEP
<< <i>I agree with Sam on the Lincolns with the addition of the semi-keys in undamaged circ. shape. The 10-S---15-S and better dates in the 20s have already skyrocketed and will continue as more people look to finish their sets.
Super YEP
Coins that rise=coins that RYK sold last year or never had any interest in
Coins that fall=RYK's core coin collection
Hoard the keys.
I think Lincolns will be hot. 2009 could be a big year.
I see quarter eagles as an interesting too. The more I look around, Charlotte quarter eagles seem to be somewhat depressed relative to Dahlonega pieces with similar pops. For certain dates, the Charlotte QE pop reports seem to be very lopsided (e.g. NCG 2x vs. PCGS). This could be a sign of resubmissions to obtain a certain grade without sending in the old labels.
Gold & silver bullion coins and bars.
Down:
Ron Paul silver, coins, dollars, etc.
MS 69 & 70 2007 bullion coins.
This is not a political statement, just economics.
I'd say 2001-2006 proof plats, but I think just the rise in platinum is going to drown any numismatic appreciation this year. Could also be true for the 2007-w eagles, but I'm guessing the demand for unc gold eagles is greater than the mintage 2007 mintage.
One last sleeper possibility--the 1/10-ounce 2007 bullion plat.
But, I will say Lincoln's in high grade are increasing all the time.
In another note, I have noticed that whole sets PDS&S Kennedy's seem to be on fire. Is this me or is there something I am missing?
Maybe someone can offer an answer?
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
Why ?
Murphy's Law !
just completed 3d tour to Iraq and retired after 28+ years in the US Army
<< <i>I'd like to hear opinions on SL quarters. I just bought my 3rd piece yesterday and I've decided I really like them.
Any thought's on their current value and future? I'd like to start collecting them and have just begun to read up on the series.
Any thoughts are appreciated. Here's the AU 1923 I picked up for grey sheet bid.
These are among the most beautiful of coins, worthy of a separate thread.
2007 Legacy proof sets.
My Adolph A. Weinman signature
I'll echo what has already been said about the later date Lincolns and Lincolns in general going up. Too many of us think the cent will end production after 2009 and are trying to pick up some nice ones before production ends.
I also think the registry collectors will keep the demand for high grade whatevers going upward so long as they have money to spend.
I am further convinced there will be foreign collectors who now have the means to collect their home country's coins and they will put a lot of upward pressure on coins we used to buy and sell by the pound. I do think Chinese coins will get a push from the Olympics.
I'll go a bit further out on a limb and predict some coin will be declared "rare" in Mint State and cause a stir. Then some one will come forward with a horde of said coin and the price will drop back to obscurity.
Overall I think 2008 will be the year that foreign collectors made an impact on the coin collecting scene.
<< <i>I think there will be a lot of collectors working on Lincolns and this will
continue to put pressure on these prices. Some of the greatest pres-
sure will be on the '65 to date Lincolns. There are large numbers of
collections that end at 1964 and when everyone begins sensing that
the penny will be discontinued as a circulating coin then they will want
to update their sets. None of the later Lincolns are scarce in gem but
there are many dates that cannot withstand any real demand. There
just aren't a lot of coins like a '79-D in MS-65 available and higher prices
will not change this situation.
It should be remembered that some collectors have spent a life time
looking for the nicest '26-S they can find but picked up their 1979-D in
pocket change. Some of these later coins are just going to dry up un-
der any sort of demand. The '68 Lincoln is always tarnished in the mint
set. Roll coins are abundant but these also have some problem with
corrosion and are usually poorly struck from worn dies.
Lincolns in general will be strong at least till near the end of the year
but the later ones will be stronger and will get even stronger when the
coin officially ends production. >>
I think all Lincolns will be going up, in every date and in every grade. (Within reason, I'm not counting the spotty Zincoln in your pocket.)
The higher-grade (MS65+) Memorial cents in general will appreciate the greatest in percentage, but pre-34s in hard-to-find MS/AU grades (such as those seen in The Tyler1924S Lincoln Cent Picure Thread) will appreciate greater in dollar amount terms. And the keys will always do well in every grade.
Question for Lincoln guys or anyone else with an opinion -- have 1934-58s in 65 and higher pretty much peaked out on their prices by now, or do these dates still have even more upside potential?
I'm just kicking myself for not being as aggressive a buyer as I should have and could have been. By the time this market peaks, some Lincolns will have increased in price/value 10-fold over the past couple of decades (or a 13% annual return over that time).
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>In another note, I have noticed that whole sets PDS&S Kennedy's seem to be on fire. Is this me or is there something I am missing?
Maybe someone can offer an answer? >>
The 2001 Kennedys are in especially short supply. The Mint is only offering them by the bag, not the pallet.
60 years into this hobby and I'm still working on my Lincoln set!
especially prior to 1964, to increase from
20 to 40%. If I am wrong, remember that
I am just an old bear. Buy top grades, scarce
to rare issues and outstanding designs.
Camelot
stock broker, If he really knew what the
heck was going to happen to stocks, he
wouldn't be sitting at a desk answering
stupid questions all day from bears like me.
He would be like Warren Buffet buying companies
like they were frisbies.
Camelot