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Tulip Mania in the coin market

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  • But that would be equivalent to $2400 going to $900 to a first order approximation. Theoretically we also need to consider the montage is only 40% of the 20th anniversary set, the silver bullion price is higher so collector value may be less (?), and we are in a worse economic market now. Also when the cost of an item increases, the number of people willing to spend the money decreases quickly. Essentially I'm trying to say that $2400 is an over estimate in my opinion.
  • stevekstevek Posts: 29,276 ✭✭✭✭✭
    My ancestors from Europe bought those tulip bulbs at their peak in the 1600's and handed them down from generation to generation - because we're still waiting for the price to go back up to break even, LOL
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    The Tulip bulb mania of 1637 lasted only a few months. It was basically a bid system run amok. There was demand, for sure, but once a system was placed where prices could be bid higher and higher without any opposite pricing pressure, like short-selling in stocks and auction sales in coins today, prices spiraled out of control.

    To make a tulip mania comparison to 25th eagle sets, we would have to ignore the sales on ebay (which temper the market) and allow only seller's increasing higher ask prices to dictate the market.

    Greed on one end will make a tulip mania-like bubble. You need greed on the part of buyers wanting to buy it as cheap as possible to counter it.



    "You never can not see a bubble when you are in one"
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • lordmarcovanlordmarcovan Posts: 43,602 ✭✭✭✭✭
    Wouldn't be the first time I've seen "tulip mania" at play in the numsmatic market, nor will it be the last time, I expect.

    Some bubbles just have to bubble up... and burst, eventually.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.

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