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Hoarding is a greater problem than counterfeiting!
291fifth
Posts: 24,654 ✭✭✭✭✭
No April Fool this time.
My feeling is that extensive (and I mean extensive) hoarding of key and semi-key dates, as well as high circulated grade type coins may be having the greatest negative effect on US numismatics.
These hoards, which have been built up by many, many individuals over the past 20-25 years are now having the effect of driving up prices for many not very rare (or scarce coins.) As a result of these price increases, fewer and fewer collectors are actually going to attempt completing date or type sets.
Flame away!
My feeling is that extensive (and I mean extensive) hoarding of key and semi-key dates, as well as high circulated grade type coins may be having the greatest negative effect on US numismatics.
These hoards, which have been built up by many, many individuals over the past 20-25 years are now having the effect of driving up prices for many not very rare (or scarce coins.) As a result of these price increases, fewer and fewer collectors are actually going to attempt completing date or type sets.
Flame away!
All glory is fleeting.
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I don't believe that's the reason for the recent increase in prices though.
I believe it's a result of several factorsthat include; A great number of new collectors due to the new U.S. coinage, the falling value of the U.S. Dollar and the desire on the part of many to put their investment monies into a medium that will hold value.
The dramatic increase in precious metals has had an impact as well.
Besides, I only have 700+ Seated Quarters, and I need all of them.
Ray
Ray
me thinks your just jazzed cause you cannot afford to do so
Go BIG or GO HOME. ©Bill
You also have to factor in our weak dollar, the amount of US dollars going overseas due to us importing goods, and how our unending desire to buy cheap goods is enriching the world.
A lot of scarce/rare US and world coins are going overseas to foreign collectors/investors. This have been happening for a few years now, and shows no sign of stopping. The more these people become wealthy industrialists, the more money they have for hobbies; and many times, their hobbies involve buying up our rare coinage and socking them away.
It's just human nature to sometimes focus our obscessions.
I'm not afraid of a little hoarding!!!
Once I had the cash and he had the coin in hand... with a great big
I do belive he was serious...
I told him "NO wonder they are scarce..."
There are likely many hoards...all over...always have been and always will be...
<< <i>I do remember around 2 years ago...I had a nice 1896-S Barber 25c in Fine...within minutes of the start of a show a collector came by and gladly paid top $ for it... >>
First series I thought of, but I don't think anyone in their right mind is still buying G4 01-s quarters at 5k if they already have a couple that they could've had for 2k ten years ago.
I see the 14-s, 09-o, 97-s and 13-p quarters as being the most likely candidates for mass socking.
I will go on record as saying I would buy every decent 05-o quarter above VG10 any day of the week.
I just can't find any.
For the Barber Halves there are probably more 97-s, 01-s, 04-s, 13-p, 14-p and 15-p's in VG10 to fine 15 in tight hands than anyone would care to admit.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I could care less that you do not like that fact I hoard certain dates of SLQ's and Jeffersons
me thinks your just jazzed cause you cannot afford to do so
How much less could you care?