The coins will be fine.....all of them.
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Well most all of them.
The metal pieces that we covet care little about green beans, plastic holders, an old and dying collector base, Ebay fees, Ali Baba or slow moving grey sheets.
A few will be lost to stolen or lost shipments, metal shifting docs and kids buying ice cream with a low pop dime.
That is to be expected whether the year is 1917 or 2017.
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I guess this one qualifies as almost. Don't know if it has ever been recovered.
coinnews.net/2011/10/19/finest-known-1870-cc-20-liberty-double-eagle-gold-coin-stolen/
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Interesting. I've never given any thought as to the emotional well being of my collection. Something to think about. Maybe I will start by putting a night- light in the safe. With a timer so they get just the right amount of light and darkness. I think the little fellas will like that. Can't hurt.
Most like Debussy.
You can Google that!
Reality is that few hobbyists/investors are quick to admit that they have over paid no matter what the category.
There was little bellyaching in 2003/4 when several series double in price in a year. Today, with the market soft, everyone from the mint director to the dealer to the tpg is a scapegoat.
Consider the 1997 $5 gold Robinson and 2000 Library of Congress bimetal, both issues in business strike. Over a few years each soared from $1000 @ to $4000. Today they are both in the $1000 range. Mintages were low. 5000 on the Robinson and 7200 on the Library.
Where is the blame for this 75% crash? Fluctuation of gold and platinum prices are a factor, but even at $1900 an ounce, the Robinson contained less than $500 of the metal. We cannot blame counterfeit slabs, wrong colored beans or misgrading of the coins. One can certainly consider competitive mint products, but that is of little solace to the collector that may have overpaid for these coins by a factor of 4.
Thanks for the tip, Coinstartled. I did just as you suggested. I Googled it. I think his best movie was The Buddy Holly Story. Most of his other movies are just so-so. In my opinion. He has been in a lot of movies. But still, The Buddy Holly Story is my favorite one. Google's Great!
The luck of a coin flip was indeed fateful in the Buddy Holly story!
"""The long journeys between venues on board the cold, uncomfortable tour buses adversely affected the performers, with cases of flu and even frostbite. After stopping at Clear Lake to perform, and frustrated by such conditions, Holly decided to charter a plane to reach their next venue in Moorhead, Minnesota. Richardson, who had the flu, swapped places with Jennings, taking his seat on the plane, while Allsup lost his seat to Valens on a coin toss."""
Also Buddy Holly is (was) my darling wife's cousin. Granny was a Holly. That's what I really like most about the movie. The name. What I didn't like about the movie is that it didn't feature his big hit song Clair De Lune. That tune is a family favorite and all the Holly clan sing it at every family get together. It's like clockwork. You can't stop 'em.
We are simply keepers of the shiny or finely colored discs.
We use our non collectable money to buy these discs of old and when we are all gone, who will be the new keepers of the discs?
Maybe lack of new collectors are the reason for the soft market. The newer generations value different things. What to do about it? What will the new generations want when the reach our age?
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All coins with a value above bullion will be fine. Question is what will future collectors be wiling and able to pay for them.
Our generation has driven the cost of a GSA issued CC Morgan from about $15 to $200 and up. We are of course talking about a different dollar today than from the early 1970's but further revaluation on our precious little gems will likely continue. Our generation prospered as the national debt spiraled. The next generation or two behind us may have much less real disposable income for hobbies as they are forced to chip away at the $200,000 per wage earner obligation.
The real concern here... if we choose to face reality - is the state of the coin business....not so much the hobby - though the former is dependent on the latter....A collector is just concerned about where he/she will find the coins sought - and the price. The dealer is concerned about the size of the market and demand for products. A careful analysis of threads here indicate that is really at the core of the current malaise. Cheers, RickO
Rick. I completely agree. With things as they are, I feel badly for those who depend on coins to earn a living. True collectors would welcome a buyer's market. Those caught half-way between collecting and investing may also experience a certain amount of angst when the market moves downward.
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