Recent Coin Dealer Newsletter says rare coins is the place to be.

bidask

They cited and panned the fledgling stock market, failing housing market, etc. and acknowlwedged the roaring metals market.

While I think there are definitely new collectors and sources for buying coins, I think very high rare numismatic coins are going to pullback too....at least the market demand at current price levels, due to the nature of this credit crunch.

You dealers and coin history students,..... didn't rare coins also pull back during serious econmic downturns. ( such as 1990/1991, 1998, 2001/2002)?? I wasn't paying to much attention to coin prices then.


So are rare coins the place to be as CDN suggests? Will the market remain strong as they suggest?

MrEureka

I'm not sure I'd go to the CDN as my first choice for investment advice.

woodardcoin

<< <i>I'm not sure I'd go to the CDN as my first choice for investment advice. >>

MrEureka

You dealers and coin history students,..... didn't rare coins also pull back during serious econmic downturns. ( such as 1990/1991, 1998, 2001/2002)?? I wasn't paying to much attention to coin prices then.

Did we have serious economic downturns in 1998 and 2001/2202? I must have missed them.

bidask

Does that mean you agree or disagree with the recent CDN on this topic?

bidask

<< <i>You dealers and coin history students,..... didn't rare coins also pull back during serious econmic downturns. ( such as 1990/1991, 1998, 2001/2002)?? I wasn't paying to much attention to coin prices then.

Did we have serious economic downturns in 1998 and 2001/2202? I must have missed them. >>

yes quite serious....so serious I was not paying attention to coins....usually I buy coins at the top.

MrEureka

I think that we have it pretty good.




I also think that the coin market will remain strong if bullion stays strong. Otherwise, an extended recession would send coins lower.

jdimmick

Once the PM bull market is over, coins will go with it!

1794half1839

Unless the when PM's get dumped, the profits find their way into numismatic coins.

tradedollarnut

Andy - just curious, but what does it mean that the red and the blue lines crossed shortly after W was elected? Is it like crossing the streams in 'Ghostbusters' - the end of the world?

I would think that certain coins would be a fantastic investment if they could be purchased at the prices listed in the greysheet.

DaveG

Coin prices in general went "thud" starting around 1989 and either fell or drifted until 1994 or so, after which they stabilized and started going up.

From what I recall, in northern NJ, collectors were still liquidating parts of their collections due to economic need in the early 1990s and coin shows were really "dead" (you could bowl down the aisles and not hit anyone).

Coin prices (and show attendance) started picking up about 1995 and they haven't looked back since.

I don't think the coin market (at least the part I was aware of) even noticed any economic turmoil in 1998 or 2001-02.

MrEureka

Andy - just curious, but what does it mean that the red and the blue lines crossed shortly after W was elected? Is it like crossing the streams in 'Ghostbusters' - the end of the world?

More like just the opposite. That day was the ground zero from which real GDP was calculated, going forwards and backwards in time.

Doogy

<< <i>Andy - just curious, but what does it mean that the red and the blue lines crossed shortly after W was elected? Is it like crossing the streams in 'Ghostbusters' - the end of the world?

I would think that certain coins would be a fantastic investment if they could be purchased at the prices listed in the greysheet. >>




Greenspan: There's something very important I forgot to tell you.
Dubya: What?
Greenspan: Don't cross the streams.
Dubya: Why?
Greenspanr: It would be bad.
Dubya: I'm fuzzy on the whole good/bad thing. What do you mean, "bad"?
Greenspan: Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light. Total protonic reversal.
Dubya: Right. That's bad. Okay. All right. Important safety tip. Thanks, Alan.

derryb

<< <i>Recent Coin Dealer Newsletter says rare coins is the place to be. >>



Where did you expect them to tell you to put your money - baseball cards?

mrearlygold

WTCG

The Coin Dealer Newsletter is a numismatic industry publication and by default it is obligated to demonstrate the positives and promote the numismatics business regardless of the realities of the current status of numismatics. I cannot imagine the CDN ever stating that "collecting rare coins is financial suicide" or "if you're reading this then you're probably losing a lot of money".

Unknown

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MrBeast

<< <i>I think that we have it pretty good.



>>



This GNP chart is a very poor measure of how "good" we have it - for starters you need to consider what proportion of the "P" is now derived from the kind of financial services that are now making headlines, rather than actual productive activity!

PerryHall

<< <i>Recent Coin Dealer Newsletter says rare coins is the place to be. >>



Talk about preaching to the choir.

options26

<< <i>

<< <i>Recent Coin Dealer Newsletter says rare coins is the place to be. >>



Where did you expect them to tell you to put your money - baseball cards? >>



This is a great statement, how true

291fifth

The CDN should stick to current price quotes and forget about investment commentary.

stockwiz

I think the worst hit will be the manufactured rarities like pop 1 modern crap while genuine rarities say like 1913-s quarters, 1896-s quarters, and other assorted higher grade barber stuff, etc should hold it's own much better.

The idea of paying 10-20 times more for a silver eagle because it's MS70 when there's no discernable difference between an MS69 and an MS70.. just one example of this funny stuff.

Gemini

I aquired a bunch of old ANA Numismatist magazines a time ago and I thought I would check out the Great Depression years to see how coin collecting was affected by the bad economic conditions of the day. To my surprise I don't recall finding even a mention of the hard times brought on by the GD and it seemed liked business was going on as usual.

sweetwilliet

Well, I collect dmpl morgans, so they are at their peak right now for sure, and will probably crash in a few years, right as I am about to sell them.

As for the red and blue lines crossing, you can decide where you want them to cross by deciding what year you want to be your basis, so it is meaningless. They chose to have them cross at the far right of the graph to minimize vertical height of the graph. If they started at the left, then the blue line would be very steep and not fit without adjusting the scale.

BBN

<< <i>Recent Coin Dealer Newsletter says rare coins is the place to be. >>



That's about like a cattle farmer saying beef is the healthiest meat or an airline company saying that flying is the best way to travel.

ambro51

Just for Gods sake, dont say the " I " word (investment).

Hoards of older fat men with lots of free time and vast collections of coins will come over to your house and wash your mouth out with soap

kranky

<< <i>

<< <i>Recent Coin Dealer Newsletter says rare coins is the place to be. >>



That's about like a cattle farmer saying beef is the healthiest meat or an airline company saying that flying is the best way to travel. >>



Or as my grandfather used to say, "Don't ask the barber if you need a haircut."