I've been priced out of the trade dollar and US type market, but I've moved elsewhere. Unfortunately for me, after I started collecting Canadian coins (esp. George V and earlier), the Canadian market heated up. The same thing with US/Philippines coins. Whatever I buy goes up in price within a couple of years.
That would be great if I sold my collections before I moved on to something else, but I tend to keep them.
The theory of selling at the peak and buying on the dip is great, but it doesn't necessarily work out in real life. I'm afraid to sell my better coins because I might not find similar coins for less money later. The nice AU58 coin I sell for $1,500 at the peak may end up dipped and in an MS63 holder at the dip for $2,800.
Naw - just moved into other areas. With the lack of perspective, I don't know if the prices are high or not.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
In my opinion gold and silver have gone up too high too fast. That makes me want to sell instead of buy. I won't be buying any of the mint gold products this year or any other bouillon gold or silver. However, since I won't be buying - gold and silver will most likely double in price before the end of the year. If the economy shows any sign of turning around metals will drop like a rock as people start selling gold to buy stocks.
Who is General Failure, and why is he reading my hard drive?
<< <i>In my opinion gold and silver have gone up too high too fast. That makes me want to sell instead of buy. I won't be buying any of the mint gold products this year or any other bouillon gold or silver. However, since I won't be buying - gold and silver will most likely double in price before the end of the year. If the economy shows any sign of turning around metals will drop like a rock as people start selling gold to buy stocks. >>
I doubt it. Stocks are BS but precious metals are required for everyday manufacturing.
<< <i>I doubt it. Stocks are BS but precious metals are required for everyday manufacturing. >>
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again.
<< <i>I doubt it. Stocks are BS but precious metals are required for everyday manufacturing. >>
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again. >>
I don't understand what you mean. Bunker mentality???
Hey, I have a bunker mentality.. I honestly beleive society as we know it is coming to an end, and I figure its about 50-50 as to its collapse being in my lifetime. Land, Powder, Lead, Heritage Livestock, Heirloom Seed and junk silver thats my shopping list. I am not being totally irrational, argue all you want about if we have passed peak oil, its coming and backside is nasty. Bottomline is this spaceship Earth can't handle 6 billion people, especially when you take what has made 6 billion people possible.. oil.. away.
"I am sorry you are unhappy with the care you recieved, is their anything I can do for you right now, how about some high speed lead therapy?" - A qoute from my wife's nursing forum
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson
Quick answer is Yes!!! I have not bought much for the last few months.... This very well may bite me in the rump in the future, but I have noticed a large increase in the limited time I have been collecting!!! I have soooo much I want to buy but prices are pissing me off at the moment!! It is a bit frustrating to be honest!!
<< <i> It's not that I don't like coins, its just I've watched some tops of markets. Precious Metals in the early 80's, sports cards mid 90's, beanie babies same time period, tech stocks 2000, housing now...all have one thing in common and it's emotions and greed out of control. Sorry, 3kish grand for some low eye-appeal 1904-S VF Barber Halves on a certain dealers website is a sign on the wall to me. Talk about being left holding the bag (yes, I realize it's one example...there are many out there). >>
I bought that very coin (vf35) in Jan 07 for 500, had it slabbed at NGC then sold it for 700 a few months later when I upgraded. I was shocked to see what happened, as well.
We're all born MS70. I'm about a Fine 15 right now.
<< <i>Quick answer is Yes!!! I have not bought much for the last few months.... This very well may bite me in the rump in the future, but I have noticed a large increase in the limited time I have been collecting!!! I have soooo much I want to buy but prices are pissing me off at the moment!! It is a bit frustrating to be honest!! >>
Frustration is a good way to describe my feelings also. I have eight AU58 Trade Dollars and the highest price I've paid is $485. I now see the most common date (1877) in AU58 being sold at $475 - $600. That is real frustrating to me.
Who is General Failure, and why is he reading my hard drive?
I've been collecting coins for 40+ years and there has always been coins I wanted that were out of my price range. Seeing coins increase in value is just one of the perks of collecting them. I have always found ways to improve my collection, add to my collection and still stay within my budget. Now when I get around to buying the 1916-D Mercury Dime, uncirculated of course, I have no doubt that will use up my budget for at least one year.
I collect mostly classic commemoratives, and over the past few months have been getting some very reasonable deals. Of course they had not been run up like many of the other series.
<< <i>I've been collecting coins for 40+ years and there has always been coins I wanted that were out of my price range. Seeing coins increase in value is just one of the perks of collecting them. I have always found ways to improve my collection, add to my collection and still stay within my budget. Now when I get around to buying the 1916-D Mercury Dime, uncirculated of course, I have no doubt that will use up my budget for at least one year. >>
Do not wait to buy that coin it will never go down.
I have been losing Bustie auction lot bids so often lately that I am wondering if it is worth my time to even work up bids. AU/MS Busties are going for such high prices now that I no longer feel comfortable paying for them. There seem to be a lot of new Bustie collectors with very deep pockets. Wish I could keep up with them.
I collect Capped Bust series by variety in PCGS AU/MS grades.
I actually stopped my efforts to do the early large cents (1793-1814) when prices got ridiculous for grades that I didn't even want to own. It is the only set I ever started that I didn't complete. Barber halves have risen significantly since I started them 15 months ago but I plan to pay the higher prices to complete it because I have already made at least 50% off the ones I already have. Meanwhile my collecting interests will gravititate towards obsolete coins which have not moved as much as other series. To be fair, many of the series I completed over the past twenty years, I would not start today.
In the land of the blind the one-eyed man is king.
<< <i>I stopped buying buffalo nickels in the seventies when they started costing 10 cents each instead of 71/2 cents each. That was a 50% increase in a year. Everything goes up my friend. Even the cost of hobbies. >>
Sometimes they even go down after being up. That is where the problem is with me.
Gold and silver are valuable but wisdom is priceless.
Why am I the only person who loses money when he sells into this market?
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
You have to buy what's popular and what people want (ie the common gem High Relief).
I'm more cautious with regular coins but am still bullish on generic gold coins, silver gold bullion.
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again.
When 20-80% of the population are considering metals, then it's getting on in the bull. At 2% we're still very early. As of yet, Joe Public's participation is almost non-existant. You don't make money in markets where 80% participation is the rule. Hence a stealth bull market with 2% participation is just the place to be right now.
Those people waiting for housing to bottom in the once "over hot" areas will be waiting to 2009-2012 until the bottoms are in. If they think there are bargains in Florida, Northeast, California now, just wait a few more years as another 15-30% gets skimmed off. I'd like to know how those consumers will go on a "buying spree" when credit will be severely restrained and attitudes will be very negative against housing and stocks. Look back to 1982 and 1992 concerning "buying sprees." There were lots of housing bargains, yet few buyers. It will take year(s) from the bottom until Joe Public is ready to wade back in after getting smoked. How many people rejoined the metals market in 2001-2004 after getting smoked in 1980-1999? Not many! It took several years to make it clear that the metals were back. After 7 years of only watching it, some forum members are just now taking their initial plunge, but at much higher prices of course. Why didn't they jump right in at the bottom that was so obvious to the early birds?....just like "everyone" will do in a few years with housing and growth stocks. They'll just jump in at the bottom....just like in 1933 when confidence was high.
Comments
That would be great if I sold my collections before I moved on to something else, but I tend to keep them.
The theory of selling at the peak and buying on the dip is great, but it doesn't necessarily work out in real life. I'm afraid to sell my better coins because I might not find similar coins for less money later. The nice AU58 coin I sell for $1,500 at the peak may end up dipped and in an MS63 holder at the dip for $2,800.
Obscurum per obscurius
<< <i>In my opinion gold and silver have gone up too high too fast. That makes me want to sell instead of buy. I won't be buying any of the mint gold products this year or any other bouillon gold or silver. However, since I won't be buying - gold and silver will most likely double in price before the end of the year. If the economy shows any sign of turning around metals will drop like a rock as people start selling gold to buy stocks. >>
I doubt it. Stocks are BS but precious metals are required for everyday manufacturing.
<< <i>I doubt it. Stocks are BS but precious metals are required for everyday manufacturing. >>
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again.
<< <i>
<< <i>I doubt it. Stocks are BS but precious metals are required for everyday manufacturing. >>
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again. >>
I don't understand what you mean. Bunker mentality???
"I am sorry you are unhappy with the care you recieved, is their anything I can do for you right now, how about some high speed lead therapy?" - A qoute from my wife's nursing forum
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson
<< <i>
It's not that I don't like coins, its just I've watched some tops of markets. Precious Metals in the early 80's, sports cards mid 90's, beanie babies same time period, tech stocks 2000, housing now...all have one thing in common and it's emotions and greed out of control. Sorry, 3kish grand for some low eye-appeal 1904-S VF Barber Halves on a certain dealers website is a sign on the wall to me. Talk about being left holding the bag (yes, I realize it's one example...there are many out there). >>
I bought that very coin (vf35) in Jan 07 for 500, had it slabbed at NGC then sold it for 700 a few months later when I upgraded. I was shocked to see what happened, as well.
<< <i>Quick answer is Yes!!! I have not bought much for the last few months.... This very well may bite me in the rump in the future, but I have noticed a large increase in the limited time I have been collecting!!! I have soooo much I want to buy but prices are pissing me off at the moment!! It is a bit frustrating to be honest!! >>
Frustration is a good way to describe my feelings also. I have eight AU58 Trade Dollars and the highest price I've paid is $485. I now see the most common date (1877) in AU58 being sold at $475 - $600. That is real frustrating to me.
World Collection
British Collection
German States Collection
<< <i>I've been collecting coins for 40+ years and there has always been coins I wanted that were out of my price range. Seeing coins increase in value is just one of the perks of collecting them. I have always found ways to improve my collection, add to my collection and still stay within my budget. Now when I get around to buying the 1916-D Mercury Dime, uncirculated of course, I have no doubt that will use up my budget for at least one year. >>
Do not wait to buy that coin it will never go down.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Holding all cash, as cash is king,
Gotta disagree with this - unless you're talking foreign currency, that is! >>
-------------------
Foreign became interesting to me after I spent WAY too much at
the Eliasberg Foreign Gold Auction. I'm amazed a dealer's recent
offers for these top quality, but obscure, coins at shows these days.
I basically stopped even bidding my beloved Morgans at a Balt Auction
where I was outbid on an overgraded Morgan pedigreed to a relative's collection----
I bid 3 times what even Laura Sperber advised was absolutely the insane top value!!!
It went to a phone at 5X sheet--So yes, I'm priced out now!!!
If bidders don't even look at the coin---heck with it--I'm passing.
<< <i>I stopped buying buffalo nickels in the seventies when they started costing 10 cents each instead of 71/2 cents each.
That was a 50% increase in a year.
Everything goes up my friend. Even the cost of hobbies.
Sometimes they even go down after being up. That is where the problem is with me.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
I'm more cautious with regular coins but am still bullish on generic gold coins, silver gold bullion.
Maybe, maybe not, but maybe 2% of the population has your bunker mentality. Like the housing market, a lot of people are just waiting for a belief that stocks and the economy have hit bottom before they go on a buying spree again.
When 20-80% of the population are considering metals, then it's getting on in the bull. At 2% we're still very early. As of yet, Joe Public's participation is almost non-existant. You don't make money in markets where 80% participation is the rule. Hence a stealth bull market with 2% participation is just the place to be right now.
Those people waiting for housing to bottom in the once "over hot" areas will be waiting to 2009-2012 until the bottoms are in. If they think there are bargains in Florida, Northeast, California now, just wait a few more years as another 15-30% gets skimmed off. I'd like to know how those consumers will go on a "buying spree" when credit will be severely restrained and attitudes will be very negative against housing and stocks. Look back to 1982 and 1992 concerning "buying sprees." There were lots of housing bargains, yet few buyers. It will take year(s) from the bottom until Joe Public is ready to wade back in after getting smoked. How many people rejoined the metals market in 2001-2004 after getting smoked in 1980-1999? Not many! It took several years to make it clear that the metals were back. After 7 years of only watching it, some forum members are just now taking their initial plunge, but at much higher prices of course. Why didn't they jump right in at the bottom that was so obvious to the early birds?....just like "everyone" will do in a few years with housing and growth stocks. They'll just jump in at the bottom....just like in 1933 when confidence was high.
roadrunner