Do foreign exchange fluctuations influence the prices you're willing to pay for coins?
MrEureka
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For example, if you're living in the USA and interested in bidding on a British coin, and if the British Pound is up 20% against the Dollar, will you shrug your shoulders and up your dollar bid by 20%? Obviously, you're not likely to win the coin if you don't adjust to the market.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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'Emancipate yourselves from mental slavery'
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Don
I bought several medals from European auctions that I thought I overpaid for at the time (bidding excitement), but later found I got them cheapy from the perspective of their home market.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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<< <i>Yes. I have a set price in US dollars that I'm willing to pay. An increase in exchange rate just means I'll probably buy less coins from that country. Economic reality in my case. >>
In other words, from all other countries except China:
The dollar's abrupt decline has been 12%-14% against most major currencies (euro, yen, Brazilian real etc) since June.The basket of currencies does not include the remnimbi, which has also declined as a consequence to its link to the dollar.
Even as Washington chides Beijing for the remnimbi, critics accuse the US and other rich nations of waging an international currency war that harks to the protectionist policies of the 1930s, when nations looked out for themselves, rather than working together. Everyone in global markets is now expecting another round of so called quantitative easing* by the United States. In the next few weeks, the Fed is expected to inject vast sums of money into the economy, in another attempt to spur growth.
*quantitative easing: the creation of money by a central bank to purchase assets, thus increasing liquidity.
(from the NYT article by Graham Bowley: "As the dollar declines, it's each country for itself")
In answering Mr Eureka's OP, of course yes. For those with the necessary cash flow, it's an excellent time for purchases,and for those without, a bad time for selling in USD.
myEbay
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