When the collectors of the early 1960's coin boom...

291fifth

...found that they could no longer make easy money after May of 1964 they dropped out in droves.

The collectors who got started with state quarters and flipping of ultra moderns are now experiencing the same thing.

Will they stay or will they go?

roadrunner

When the money gets tight......the newbies leave in droves. Happens every market cycle. This time it will be more pronounced.

roadrunner

keets

The collectors who got started with state quarters and flipping of ultra moderns are now experiencing the same thing.

interesting..........................

either i haven't been paying attention or i missed the newsflash revealing this collapse, can you tell me which it might be and follow that with, perhaps, what you're basing this premise upon???? while you're at it, what in the heck is an Ultra Modern???

ziggy29

Some will be flushed out as with any downturn. But I think some people who have seen the steady rise in other issues besides "ultra moderns" will suffer losses, too, and they'll also drop out.

But where the meteoric rises have been the strongest, there too (most likely) will come the hardest falls. It's just the way markets have worked for centuries.

cladking

A lot of the newbies at the time of the roll and bag boom were children. Not many
were very involved In buying and selling BU rolls at large premiums. Not one of the
many kids I knew collecting coins was doing this much at all. Most were just trying
to complete sets from circulation or find better dates.

One buddy was able to latch onto a bag of '60-D sm dt cents from a local bank and
sell them for a tidy profit.