<< <i>No. The market is getting much more selective. It better be very scarce or rare and problem free. If not, it's heading down because the people who used to buy that kind of material don't have the money to do so anymore. >>
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
No knock on the OP. Many use this term. There is no "coin market". At this part in the market cycle there are many fragments, segments and major areas affected by different market forces and responding in different ways to the pressures of those forces.
Is generic gold responding in the same way as choice type coins?
Is anything going on in Morgans that isn't bullion related except for the very high-end?
Likewise 20th century except dates
Does anyone want off-quality rare date Saints?
Does anyone want widgets?
Do modern high-grade coins have anything to do with any of these? Perhaps the stressor for this segment is the cost of getting into a market where the entry cost is low and expert knowledge pays off because elitist snobs like me disdain it.
What do these seqments have to do with each other? They all respond to different stressors within the simplistically named "coin market".
CAC coins are in such short supply that they are doing great. Also indicates how many of them never make it into a publicly observable marketplace.
"If wishes were horses then beggars would ride"
Roadrunner's trenchant analyses are very useful. He is a keen observer who clearly spends too much time online doing his data-mining.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Colonel, I had to look up "trenchant" just to be sure what you meant. Ok...I'll take that as a compliment. Thank you for helping us all to improve our vocabularies.
Being in the wrong coins wasn't such a problem 3 yrs ago because there was no CAC, no "plus,", etc. to tell you there might be an issue. Now it's glaringly obvious if you're holding something not quite up to par. Well, at least not up to par with those who are typically buying the material. Collectors clamored to get the grading problem fixed. Now we reap what we have sown.
Comments
<< <i>As the frenzy for return on money increases, uninformed folks will spill into the coin
and bullion markets in a most uninformed manner. Since we really do not know what
the leaders of the Nations of the world intend to do, in addition to the uncertainty
principles of the economic system. Add to this fish head stew, the concept of too big to fail,
and too big to prosecute as well as limped enforcement where we fine millions on companies
that in fact have stolen tens of billions of dollars and you have a mess.
I do not remember a time ,when public money has ever bailed out us working stiffs, when we made
a costly decision in investing. The attitude that "Boys will be boys" when folks steal, cheat, misrepresent,
lie, obfuscate and otherwise screw people as well as other companies to the wall compells these rascals
to game the system will a fair amount of impunity.
With all of the above churning, bubbling and fulminating, how in the world is a coin collector and or a stacker
supposed to figure out what to do, when to do it and how far to take it. Remember the comment from a movie
"SUSPECT EVERYONE, TRUST NO ONE" especially as it refers to any political party, at any time, under any circumstances.
I guess, the only thing one can trust, is the harsh discipline of gold and silver.
As for coins, if the truth be known, most collectors do not really break even on their collection purchases. That is unless
they buy the right coins, at the right time, at the right price and hold them for a really, really long time. Other then that you
will always buy high and find out that when you want to or need to sell, the market is always cold more times then not.
Forgetaboutit.......I try to stick to the maxim KISS.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Camelot
<< <i>Kiss who, or what?
You don't want to go there....
I give away money. I collect money.
I don’t love money . I do love the Lord God.
There are pieces coming to market now that havent seen the light of day in a generation.
<< <i>Nope to what?
I'm pretty sure he meant note to what was stated above!
<< <i>No. The market is getting much more selective. It better be very scarce or rare and problem free. If not, it's heading down because the people who used to buy that kind of material don't have the money to do so anymore. >>
WS
Is generic gold responding in the same way as choice type coins?
Is anything going on in Morgans that isn't bullion related except for the very high-end?
Likewise 20th century except dates
Does anyone want off-quality rare date Saints?
Does anyone want widgets?
Do modern high-grade coins have anything to do with any of these? Perhaps the stressor for this segment is the cost of getting into a market where the entry cost is low and expert knowledge pays off because elitist snobs like me disdain it.
What do these seqments have to do with each other? They all respond to different stressors within the simplistically named "coin market".
CAC coins are in such short supply that they are doing great. Also indicates how many of them never make it into a publicly observable marketplace.
"If wishes were horses then beggars would ride"
Roadrunner's trenchant analyses are very useful. He is a keen observer who clearly spends too much time online doing his data-mining.
Thank you for helping us all to improve our vocabularies.
Being in the wrong coins wasn't such a problem 3 yrs ago because there was no CAC, no "plus,", etc. to tell you there might be an issue. Now it's glaringly obvious if you're holding something not quite up to par. Well, at least not up to par with those who are typically buying the material. Collectors clamored to get the grading problem fixed. Now we reap what we have sown.
roadrunner
Camelot