It's a possibility, and kind of a threat.

CoinBuyer12

Imagine if someone worth a lot of money, started hoarding slabbed coins. When I mean money, I mean Bill Gates or Carlos Slim kind of rich.

Rich people can collect coins just like we can, nothing stops them.

But imagine what it would do to prices if they did that, I mean hoarding coins by the 10s of thousands.

milkcoin

you really have to slow up with all these threads as of late, no offense, although i find some really helpful and enjoyable, i'm seeing a lot of questions and posts that i think can be answered by searching through the search feature here above.
sorry, but i think i am speaking for a few others here as well.

DeliaBug

<< <i>Imagine if someone worth a lot of money, started hoarding slabbed coins. When I mean money, I mean Bill Gates or Carlos Slim kind of rich.

Rich people can collect coins just like we can, nothing stops them.

But imagine what it would do to prices if they did that, I mean hoarding coins by the 10s of thousands. >>



Virgil Brand. It took 50ish years to disperse that collection. He had well over 300,000 coins and many many rarities. 5 1827 quarters, 2 strawberry leafs I think, and on and on...

dollarsandcents

<< <i>Imagine if someone worth a lot of money, started hoarding slabbed coins. When I mean money, I mean Bill Gates or Carlos Slim kind of rich.

Rich people can collect coins just like we can, nothing stops them.

But imagine what it would do to prices if they did that, I mean hoarding coins by the 10s of thousands. >>



What exactly is the threat? Why would a very wealth individual who horded coins be a threat to the coin collecting community?

CoinZip

Do a little research on the Hunt Brothers

RYK

Gosh, now I won't be able to sleep tonight.

Sonorandesertrat

Instead of worrying about something like this, I would find something more productive to do with my time.

LotsoLuck

I have always secretly wished Oprah would someday talk about the merits of XF civil war tokens and the masses would go nuts and all the ones I bought years ago would now be worth 100 fold and...I dont know, it wouldnt be such a bad thing

WoodenJefferson

If the hoard came entirely from the Coin Vault, they'd be doing us all a favor.

MacCrimmon

<< <i>Gosh, now I won't be able to sleep tonight.

>>




Imagine Ricko's evil twin with a net worth of 50 billion buying up every last crusty, original gold coin he could find, and, and, and .........



























































......................................running them through a tumbler filled with Jewelustre and corncobs

nwcoast

I don't think we need to worry too much about this scenerio... just my opinion...
If you'd like some REALLY big things to worry about, PM me and I can send out a list...
(my really close friends have referred to me as "Dr. Doom" over the years) tongue and cheek of course....
I make great efforts to stay positive in the face of adversity!!!

ebaybuyer

if i had unlimited funds, i would invest in something with a better return. would be rather difficult to convince a rich person to invest in something like slabbed coins when there are so many other investment opportunities that present a better return in less time.

Justlooking

Ebaybuyer is correct. If the 1 percent thought coins were a great investment, there wouldn't be any left for us 99 percenters to buy.

TwoSides2aCoin

I tried to sell TDN's nickel to WB's wife. There was zero interest.

DorkGirl

<< <i>If the hoard came entirely from the Coin Vault, they'd be doing us all a favor. >>

coindeuce

The one percenters are smart enough to know better than to venture beyond the top .50% of all coins where potential gain is concerned. Unless they happen to have OCD, and even then they will be likely to already have a system of checks and balances in order.

MICHAELDIXON

His scenario fits the Wall Street Money coming into the market about 20 years ago. It didn't make a blip on the screen. I don't think somebody with money would start hoarding slabbed coins. They would be smart enough to do their homework and know they need investment grade rarities in order to make a large enough return on their time and money.

segoja

Wall street money did make more than a blip on the market. I was involved at that time and slabbed coins took off.

Get a blue sheet or greysheet from 1989 and compare price to today. What you find will be shocking.

joeykoins

This reminds me of someone like,Michael Jordan,gambling.This makes no sense.Why in the world with someone as Jordan,Gates,Buffet and so on,waste their time in something they already have,Millions!or should I say,Billions? Good question thou.

Type2

<< <i>you really have to slow up with all these threads as of late, no offense, although i find some really helpful and enjoyable, i'm seeing a lot of questions and posts that i think can be answered by searching through the search feature here above.
sorry, but i think i am speaking for a few others here as well. >>

He will have his post count up high soon....

renomedphys

Yes, because the uber-rich have nothing better to do than worry about coin collecting. I mean honestly, to some people, the entire world's population of 1 million dollar plus coins is still a drop in the bucket, and the rest, just aren't worth their time.

yellowkid

<< <i>Instead of worrying about something like this, I would find something more productive to do with my time. >>

nwcoast

Poor guys probably going to go hang himself after the list of things I sent him to 'really' worry about. Via PM....
He asked for it!

I tried to offer some counter with a copy of The serenity prayer.... Hope this helps the poor worrying soul!
Now I'm feeling kind of sad and guilty after reading more of his posts and thinking he might just be a kid

s4ny

I think that such a collector would focus on extreme rarities like the 1933 Double Eagle, 1913 V Nickel, etc.

What did Farouk collect? (besides women)

SaorAlba

<< <i>I think that such a collector would focus on extreme rarities like the 1933 Double Eagle, 1913 V Nickel, etc.

What did Farouk collect? (besides women) >>



He collected/hoarded whatever caught his bleery eye.