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Legend Market Report: MID SEPTEMBER REPORT

bronzematbronzemat Posts: 2,666 ✭✭✭✭✭
Latest report has been posted here.

Comments

  • SmEagle1795SmEagle1795 Posts: 2,199 ✭✭✭✭✭
    I've been reading these reports for ages but this line tops the hundreds of mistakes I've suffered through:

    "Your NO genuis buying a bad a coin at a super low price."
    Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>I've been reading these reports for ages but this line tops the hundreds of mistakes I've suffered through:

    "Your NO genuis buying a bad a coin at a super low price." >>



    Many collectors wouldn't want a bad coin at any price, but some collectors might indeed be interested depending on what "super low price" means here.

    JA recently said that the bulk of the collecting market ($500 - $10k coins) have fallen about 20% with the economic downturn.

    So if you want a bad coin, you'd need to be able to buy it at a low enough price to sell it when the market is falling. I don't think Laura's writing for the collectors that knowingly go into that situation.
  • SmEagle1795SmEagle1795 Posts: 2,199 ✭✭✭✭✭


    << <i>
    So if you want a bad coin, you'd need to be able to buy it at a low enough price to sell it when the market is falling. I don't think Laura's writing for the collectors that knowingly go into that situation. >>



    I agree with the meaning of the line. I just disagree with the grammatical execution image
    Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
  • philographerphilographer Posts: 1,327 ✭✭✭✭✭
    "It is not the critic who counts: not the man who points out how the strong man stumbles

    or where the doer of deeds could have done better. The credit belongs to the man who is

    actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly,

    who errs and comes up short again and again, because there is no effort without error or shortcoming,

    but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause;

    who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails,

    at least he fails while daring greatly, so that his place shall never be with those cold and timid souls

    who knew neither victory nor defeat."

    He who knows he has enough is rich.

  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    As one who majored in Comparative Literature, I absolutely loved that reply. Thank you! Now, who is the author?
    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10FOR SALE

    image
  • jhdflajhdfla Posts: 3,030 ✭✭✭


    << <i>As one who majored in Comparative Literature, I absolutely loved that reply. Thank you! Now, who is the author? >>



    Teddy Roosevelt.
  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    Thanks image Admittedly, I did not read much of him in college.
    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10FOR SALE

    image
  • tradedollarnuttradedollarnut Posts: 20,205 ✭✭✭✭✭


    << <i>

    << <i>
    So if you want a bad coin, you'd need to be able to buy it at a low enough price to sell it when the market is falling. I don't think Laura's writing for the collectors that knowingly go into that situation. >>



    I agree with the meaning of the line. I just disagree with the grammatical execution image >>



    With all due respect, Don Willis has stated many times that if your only input is to criticize her spelling (or grammar), then kindly hold your tongue.

    The true bargains in numismatics are those coins where the plastic value is negative. It takes a trained eye to play the game in the opposite direction.
  • I would argue that the ultra high priced coins that legend deals in are not a good investment at this point in time.

    Who can possibly afford these high priced "widgets" other than millionares???

    Also if we get into a prolonged falling market a 30% loss on a million dollar coin is tougher to swallow than on a $1,000 coin.image
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    Regarding millionaires, the number of millionaires is projected to increase by 72.5% over the next 10 years by Deloitte so it's a decent demographic to provide services for.



    << <i>Millionaires are everywhere. The U.S. has over 10 million. China has around 1.3 million. Even Malaysia has about 76,000. Although the recent global recession helped to stunt the growth of the millionaires' club, its future looks bright, according to a new report out from the Deloitte Center for Financial Services.

    The firm analyzed 25 countries (see below for list), including both developed and emerging markets. In those nations, it estimates around 38.0 million millionaires in 2011. Over the next decade, it predicts that number to swell to 65.5 million, an increase of about 72.5%. >>



    image

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