Bifurcation in the coin markets

oldgoldlover · December 18, 2017 2:42PM

It seems the generic coins are changing when the price of the material they are made of does. that being dais the higher grade rare coins don't be coming to market on Heritage or in the few shows I attend. This tells me the economy has recovered enough to drive the good material up but collecting generic coins will not ever do real well even if the economy improves further. Just curious what the rest of the forum sees.

291fifth · December 18, 2017 3:19PM

Just why would anyone with money bother with generic coins ... or generic collectibles of any kind? Common date St. Guadens anyone?

291fifth · December 18, 2017 3:20PM

Oops! I misspelled St. Gaudens.

BillJones · December 18, 2017 3:34PM

There has been what I would call an over emphasis on better date material for long time. I thought that market might run out of steam someday, but it appears to be the norm, at least for the foreseeable future.

I can take interest in old and unusual generic coins, like an 1836 quarter eagle, but so far as the run of the mill, common date St. Gaudens $20 pieces go, they are not much more than bullion unless they are really nice.

TwoSides2aCoin · December 18, 2017 3:54PM

If this were a game of Jeopardy, I'd ask " Why did God make refineries ? "

WildIdea · December 18, 2017 4:05PM

Holding a generic Saint in 4 never gets old for me. I'd rather have 8 generics than one worth 10k.

Catbert · December 18, 2017 4:36PM

Condition vs rarity is an easy trade off for me (due to limited cash) since I want to see the design in all its glory. I'd gladly trade a G4 16-D Merc for a high grade attractively toned common date. For a type collector, this is all I need.

Cougar1978 · December 18, 2017 5:12PM

Generic Saints one of my fav items bulk up on especially get close to melt.

Justacommeman · December 18, 2017 5:15PM

@Cougar1978 said:
Generic Saints one of my fav items bulk up on especially get close to melt.

You will have plenty to choose from now until eternity or longer

m

BillDugan1959 · December 18, 2017 6:28PM

@Cougar1978 said:
Generic Saints one of my fav items bulk up on especially get close to melt.

I could see some economic scenarios where gold goes down from here, but nice Generic Saints represent a form of personal economic security that I find rather attractive.

ricko · December 19, 2017 8:12AM

Next year should be interesting... hold on to your generic gold.... I am not making a prediction for PM's...(I am not very good at that according to my history)... however, I do think there will be some major economic activity coming.... What with dollars, bitcoins, PM's, world situation(s) to name a few issues.... Fasten your seat belt.. Cheers, RickO

cameonut2011 · December 19, 2017 9:10AM

@291fifth said:
Just why would anyone with money bother with generic coins ... or generic collectibles of any kind? Common date St. Guadens anyone?

By that logic, why bother with most U.S. coins at all?

DoubleEagle59 · December 19, 2017 9:39AM

I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

david3142 · December 19, 2017 11:27AM

If it makes you feel better, the Fed Funds target rate is now 1.5%. The yield curve is flat and low, but short term borrowing hasn’t been at 0 for a long time now.

jmlanzaf · December 19, 2017 12:16PM

@DoubleEagle59 said:
I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

You might look farther back in history. There's nothing "crazy" about this time. It has always been this way. Interest rates have normally been below 5% going all the way back to the dark ages. Governments have run deficits since the beginning of money. They didn't just print paper money - there was none. But they did debase their coinage instead.

You should look on the bright side: we spend money to stimulate the economy. In the "good old days", we declare war on our neighbors instead.

BuffaloIronTail · December 19, 2017 1:31PM

Yep........I like generic Saints.........but thinking about the current state of things, and trying to plan a strategy makes me want to Bifurcate all over the place.

Pete

TwoSides2aCoin · December 19, 2017 1:41PM

"Go long on gold". HRH

Crypto · December 19, 2017 2:27PM

There has always been bifurcation on the coin markets, desirable coins I want to buy and untouchable coins I would like to sell.

DoubleEagle59 · December 19, 2017 8:32PM

@jmlanzaf said:

@DoubleEagle59 said:
I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

You might look farther back in history. There's nothing "crazy" about this time. It has always been this way. Interest rates have normally been below 5% going all the way back to the dark ages. Governments have run deficits since the beginning of money. They didn't just print paper money - there was none. But they did debase their coinage instead.

You should look on the bright side: we spend money to stimulate the economy. In the "good old days", we declare war on our neighbors instead.

I respectively disagree.

Hydrant · December 19, 2017 9:08PM

@ricko said:
Next year should be interesting... hold on to your generic gold.... I am not making a prediction for PM's...(I am not very good at that according to my history)... however, I do think there will be some major economic activity coming.... What with dollars, bitcoins, PM's, world situation(s) to name a few issues.... Fasten your seat belt.. Cheers, RickO

Interesting. I tend to agree. My take, and I think yours too, is that there are global situations that are simmering and might just boil over at any time soon. If that happens.....Precious metals? Fasten your seat belts....indeed!

Overdate · December 19, 2017 9:58PM

@Justacommeman said:

@Cougar1978 said:
Generic Saints one of my fav items bulk up on especially get close to melt.

You will have plenty to choose from now until eternity or longer

They used to say the same thing about generic uncirculated Morgans. They haven't been available at close to melt for years.

jmlanzaf · December 19, 2017 11:45PM

@DoubleEagle59 said:

@jmlanzaf said:

@DoubleEagle59 said:
I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

You might look farther back in history. There's nothing "crazy" about this time. It has always been this way. Interest rates have normally been below 5% going all the way back to the dark ages. Governments have run deficits since the beginning of money. They didn't just print paper money - there was none. But they did debase their coinage instead.

You should look on the bright side: we spend money to stimulate the economy. In the "good old days", we declare war on our neighbors instead.

I respectively disagree.

http://www.businessinsider.com/chart-of-interest-rates-since-16th-century-2015-5

http://www.financial-planning-techniques.com/How-Currencies-are-Debased.html

https://en.wikipedia.org/wiki/The_Great_Debasement

DoubleEagle59 · December 20, 2017 6:18AM

@jmlanzaf said:

@DoubleEagle59 said:

@jmlanzaf said:

@DoubleEagle59 said:
I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

You might look farther back in history. There's nothing "crazy" about this time. It has always been this way. Interest rates have normally been below 5% going all the way back to the dark ages. Governments have run deficits since the beginning of money. They didn't just print paper money - there was none. But they did debase their coinage instead.

You should look on the bright side: we spend money to stimulate the economy. In the "good old days", we declare war on our neighbors instead.

I respectively disagree.

http://www.businessinsider.com/chart-of-interest-rates-since-16th-century-2015-5

http://www.financial-planning-techniques.com/How-Currencies-are-Debased.html

https://en.wikipedia.org/wiki/The_Great_Debasement

Oh I know all about currency debasement.

That's the reason the Roman Empire ended.

But our present world is a Global currency debasement.

Every country, government and financial institution is adopting this strategy.

I'm positive this has never happened before and it's this fact I'm referring to.

jmlanzaf · December 20, 2017 7:03AM

@DoubleEagle59 said:

@jmlanzaf said:

@DoubleEagle59 said:

@jmlanzaf said:

@DoubleEagle59 said:
I really don't see the economy recovering.

We are still in un-chartered '0 interest' times and who knows how long this 'house of cards' economy will last.

I wish I could live long enough to see how the future economists will talk about this crazy time in their history books.

Can you imagine how we accept this notion of------ a) 0 % interest easy money, b) why worry of deficits, just print more paper money, and c) the promotion by government to borrow money and spend, to stimulate the economy,------ as commonplace and 'normal' and the way to do global business?

It may all crash tomorrow or it may crash in 25 years from now, who knows, but it's only a matter of WHEN.

You might look farther back in history. There's nothing "crazy" about this time. It has always been this way. Interest rates have normally been below 5% going all the way back to the dark ages. Governments have run deficits since the beginning of money. They didn't just print paper money - there was none. But they did debase their coinage instead.

>
That's the reason the Roman Empire ended.

But our present world is a Global currency debasement.

Every country, government and financial institution is adopting this strategy.

I'm positive this has never happened before and it's this fact I'm referring to.

There may be greater global cooperation in the effort, but pretty much every advanced civilization of which I'm aware engaged in the practice. Maybe not all at the same time, but they all knew to do it.

Bifurcation in the coin markets

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