Purchasing coins in a soft market
Bear
Posts: 18,953 ✭✭✭
While it is true that such purchases might suffer some losses
in the immediate future, there are also benefits. As with the
stock market, you have to get in before the market starts its
explosive move upwards.
Even though, lovely, high for the grade, coins are difficult to find,
there is a steady, if small supply coming on to the market. By
selecting the very best, while prices are somewhat moderate ,
and in an atmosphere where every Tom, Dick, Harry and Jane, is
not scrambling with you, is a distinct advantage. It is a matter of the
early bird getting the worm.
We are , in my opinion, probably withing a few months of a bottom
in the coin market. To be sure, certain aspects of the market may
lag for significantly longer. The cream of the crop coins will always be
the first to rally and will go up at the highest rate. To be late to the fair
could be a big mistake.
in the immediate future, there are also benefits. As with the
stock market, you have to get in before the market starts its
explosive move upwards.
Even though, lovely, high for the grade, coins are difficult to find,
there is a steady, if small supply coming on to the market. By
selecting the very best, while prices are somewhat moderate ,
and in an atmosphere where every Tom, Dick, Harry and Jane, is
not scrambling with you, is a distinct advantage. It is a matter of the
early bird getting the worm.
We are , in my opinion, probably withing a few months of a bottom
in the coin market. To be sure, certain aspects of the market may
lag for significantly longer. The cream of the crop coins will always be
the first to rally and will go up at the highest rate. To be late to the fair
could be a big mistake.
There once was a place called
Camelot
Camelot
0
Comments
I think it's better to just collect what you like, within your budget, and forget all this market stuff. Really, to be honest, coins are not like stocks. Well, they are a little like stocks but they're also vastly different. Anyone who wants ups and downs of major consequence should stick to something more liquid than coins. Enjoy coins as coins. Keep your time horizon 5 years out if you want to squeeze some money out of your coins. Otherwise, just have fun with them, no matter what level of wealth, or no wealth, you're presently on.
I guess I won't get another jelly donut?
that , once the upturn begins, rush into the market place waving cash
in order to buy up everything that is not nailed down. You really do not want
to get caught in that rush`for quality coins at exploding prices that manage to
stay just ahead of what you are willing to pay. Now whether this soft market
lasts another 4 months or 12 months, now may be the time for a careful steady
policy of accumulation.
Camelot
When I sell it is usually only because I am upgrading, which
has nothing do with the market and has everything to do with opportunity….
I thinks what we got us here is one of them there conundrums.
Camelot
World Collection
British Collection
German States Collection
1936 Boon MS-67
Elgin MS-67
1942 Walker PR-66
1918 Lincoln MS-66+
1911-S Barber Quarter MS-66
1911 Barber Quarter PR-66 DCAM
1926 LIB STNDG Quarter MS-65+ FH
1839 Std Lib Half MS-64+
1956 Franklin Half T-2 PR-68 DCAM+
Before you all ask me for pictures:
I do not have the equipment
I do not have the ability
I do not have the energy to learn
I am just a tired ,old, fuzzy bear.
Camelot
<< <i>Once again, I am not seeing much of a soft market. Coins that I consider are down in price in the 5-20% range. In the context of previous coin downturns and the stock market whack of 50% or so from top to bottom, this is a relatively minor correction. >>
Plenty of coins have fallen 50% or more, but it's true that--on average--the dip has not been as severe in the coin market.
IMHO a very sound suggestion.
<<1882-S Morgan Dollar MS-67
1936 Boon MS-67
Elgin MS-67
1942 Walker PR-66
1918 Lincoln MS-66+
1911-S Barber Quarter MS-66
1911 Barber Quarter PR-66 DCAM
1926 LIB STNDG Quarter MS-65+ FH
1939 Std Lib Half MS-64+
1956 Franklin Half T-2 PR-68 DCAM+ >>
A very wise man once told me: "You will never be sorry if you buy quality." Seems great minds do think alike.