Greg, IMHO and a BA in Economics from UT Austin way back in 1969.... The US and worldwide recession is truly starting to take its toll. You have had the US $ go down for the last 7 years, Gold & Oil reached all time highs in the last several months in anticipation of roaring inflation. Here in the USA, the thought of rapid inflation seems to be over looked as commodity prices go into the tank. We are feeling the effects of the worst housing market in many years, DJI Average keeps slipping and unemployment rising. All that has to happen is for the public to stop "investing" in rare coins and the coin dealers will be on their knees. No disrespect intended. Let the prices of rare coins become stagnant or decline for a few months and we may have a industry wide decline like the current housing market. If the decline in numismatics does prevail, use the opportunity to secure truly rare coins that will appreciate after the downturn. The average John Doe has probably already turned away from buying coins and is probably having to sell their prized coins to keep paying for their house, car, gas, education, health care......
Comments
<< <i>Will the free fall of the precious metals markets push the coin market downward? >>
Only if you/we let it.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Will the free fall of the precious metals markets push the coin market downward? >>
Only the junk
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
-Randy Newman
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>If recent history is a guide, the average schlock will fall with it, but the demand for quality and eye appeal seems more endless than ever. >>
eventually even the high end eye appealing coins go through cycles.
and the larger the price for the eye appeal premium.. the harder it will
fall.
of course it will be the first to recover though in an up cycle.
may be out of favor and thus at reasonable prices. Then we have the
Super rarities that seem to have a life all their own. These coins do
not seem to have any rational pricing. Some of them increasing 200-300%
in just 1 -2 years. We have the mid priced coins 2000 - 10,000 dollars and then
we have the low cost collectible ledge. Finally ,we have the dredges of the market
place ,including doctored coins, over graded coins, damaged coins and the bleached
and dipped lifeless as a rock coins.
Camelot