Why rationalize? In truth, I can only hope for the market to continue to soften. All you "the sky is falling" types need to get out while you can. Hopefully this will depress the market even further and I can better afford to fund my habit.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
@OKbustchaser said:
Why rationalize? In truth, I can only hope for the market to continue to soften. All you "the sky is falling" types need to get out while you can. Hopefully this will depress the market even further and I can better afford to fund my habit.
This really is the key. Focus on fun, ignore profit. Then, it really doesn't matter what the market is doing.
All comments reflect the opinion of the author, even when irrefutably accurate.
No doubt the prices are down, except the coins I bid on (then everyone wants it). As far as the kids and their technology, it wouldn't be as ironic if we weren't online on computers complaining about the use of technology.
"May the silver waves that bear you heavenward be filled with love’s whisperings"
"A dog breaks your heart only one time and that is when they pass on". Unknown
Just left the best local B&M in NJ and I must say after much discussion the consensus there was a couple more years of markets like this one.
Have you notice how many 1893-S Morgan dollars are for sale on Ebay? In all grade ranges seems like a lot of coins. I like a nice Seated Dollar right about now.
Horses when the way of being collectibles, instead of something necessary. They are still popular. If/when internal combustion engines are no longer made, there will still be some around and will be like horses. Humans, by nature, collect things. Things are easier to collect than pixels, bits and bytes.
Again, rose-colored glasses can be dangerous. It would have caused you to buy a whole lot of Zeppelins or Columbians for $4k, $3k and $2k that are now worth a fraction of that. Go ahead, load up on 65 Morgans...I dare you. The booming collector base should make you a fortune, if YOU'RE right. If I'm right, you're going to have a pretty collection of lower valued coins.
True gem 65 Morgans at $100 piece are a bargain.
Not for ultra common coins that can easily be purchased in quantity with a few keystrokes in under an hour.
@thebigeng said:
I think rare coins will always have a market, they will always sell. its just that in a softening market they will simple sell for less..
Define rare. I would argue than less than 2% of pre-1940 U.S. coin issues are truly rare.
@thebigeng said:
I think rare coins will always have a market, they will always sell. its just that in a softening market they will simple sell for less..
Define rare. I would argue than less than 2% of pre-1940 U.S. coin issues are truly rare.
Yes...I think FAR LESS than 2%
All comments reflect the opinion of the author, even when irrefutably accurate.
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
@AmazingIntellect said:
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
What do you base this on? I may accept that the number of young collectors is down but that is a far cry from saying coin collecting is "doomed" and coin collecting is the same as the "horse and buggy" with the world's youth. Do you have anything to support your statement?
@AmazingIntellect said:
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
Pretty much myopic bunk. Even the few remaining chain boosktores I've seen have quite a large section of coin books and actual folders to boot, some even have supplies like holders and magnifiers. Of course that's all anecdotal, but ignoring modern trends and shifts creates a distorted "alternative facts" mindset.
@AmazingIntellect said:
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
What do you base this on? I may accept that the number of young collectors is down but that is a far cry from saying coin collecting is "doomed" and coin collecting is the same as the "horse and buggy" with the world's youth. Do you have anything to support your statement?
Experience. I was there in the 1960's in high school, as Topstuff stated, we talked, we traded, we went through rolls like there was no tomorrow. It was exciting, it was fun. Didn't have to go to a local B&M, picked up the Whitmans and stuffed them. Later on, went into the business, had three children who could have helped themselves to a ton of stuff, and not just widgets, actual good coins. No interest, no interest whatsoever. Heartbreaking? Sort of, but I understood that fashions change.
Since "collecting" is a natural human tendency, I'm positive that it will assert (or RE-assert) in the fairly near future.
I blame a LOT of the price erosion on the uncertainty and phase-in of CAC as a requirement for desire or resale. Either.
That will resolve. However, any "hurdle" will slow any race.
We get myopic when we don't consider "dead money" that we have tied up in guns, sports paraphernalia, auto accessories, and various things that we accumulate for other than pure utilitarian purposes.
Right now, it's perceived as "cool" to be non materialistic. (or profess to be )
Just let the younger folks discover a path to more than subsistence money and they too will start "showing off."
@AmazingIntellect said:
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
Pretty much myopic bunk. Even the few remaining chain boosktores I've seen have quite a large section of coin books and actual folders to boot, some even have supplies like holders and magnifiers. Of course that's all anecdotal, but ignoring modern trends and shifts creates a distorted "alternative facts" mindset.
Bookstores? Actual bookstores? "Few remaining' key wording. More and more close up as time passes. Barnes and Noble anyone? Down to about 12-15 stores per state as they continue to shrink and concentrate on the online traffic. Just another example of changing fashions. When was the last time you gave a non-numismatic book as a gift?
Yes, even more sad than the obvious decline in collector base is the decline of reading in general, not to mention the bookstores.
I think another issue is that there is very little connection to coins in general, as they are worth so little and now we need to use paper and of course credit cards taking over.
They might collect Pokemons, etc. but not coins IMO....
Love that Milled British (1830-1960) Well, just Love coins, period.
@7Jaguars said:
Yes, even more sad than the obvious decline in collector base is the decline of reading in general, not to mention the bookstores.
I think another issue is that there is very little connection to coins in general, as they are worth so little and now we need to use paper and of course credit cards taking over.
They might collect Pokemons, etc. but not coins IMO....
I read more now more than because of the internet. So much information available. I do not read "books"
I still like having proper precious metal pieces -- silver and gold, always will. Just gotta be careful of gypsies and those of their ilk who would try to relieve you of such things by deception or force.
@cameonut2011 said:
Let's hope the uptick in this graph is real and not the result of the PCGS 3000 being a poor metric of the U.S. coin market.
I don’t think this graph should be used as a basis of the overall coin market. The starting point is a high point and one could argue that the current prices are coming back to “normal”. I think the next graph is a better representation of the overall market over time.
@7Jaguars said:
Yes, even more sad than the obvious decline in collector base
I still don’t understand how someone can say an “obvious decline in collector base?” Based on what...a decline in ANA membership or a decline in attendance at shows? By those examples you could also argue that the collector base has exploded due to the volume of sales transacted over eBay. It just evolved.
I would also suggest that the information online has also led to more educated collectors so their seeing Pop reports and sales archives that suggest some coins aren’t as rare as they think and can hold out for something better/different which is causing an overall decrease in common/generic material.
The "Beanery" - I still have hundreds of early coppers that haven't even been slabbed, let alone been to see JA. I think I'm far from alone. These have all been off the market for 20+ years, and aren't junk.
YN's - my oldest YN's got out of grad school with $100k+ in debt each, they will have lots of disposable income SOMEDAY, but not for a while.
Comments
Why rationalize? In truth, I can only hope for the market to continue to soften. All you "the sky is falling" types need to get out while you can. Hopefully this will depress the market even further and I can better afford to fund my habit.
This really is the key. Focus on fun, ignore profit. Then, it really doesn't matter what the market is doing.
All comments reflect the opinion of the author, even when irrefutably accurate.
No doubt the prices are down, except the coins I bid on (then everyone wants it). As far as the kids and their technology, it wouldn't be as ironic if we weren't online on computers complaining about the use of technology.
"A dog breaks your heart only one time and that is when they pass on". Unknown
Just left the best local B&M in NJ and I must say after much discussion the consensus there was a couple more years of markets like this one.
Have you notice how many 1893-S Morgan dollars are for sale on Ebay? In all grade ranges seems like a lot of coins. I like a nice Seated Dollar right about now.
Horses when the way of being collectibles, instead of something necessary. They are still popular. If/when internal combustion engines are no longer made, there will still be some around and will be like horses. Humans, by nature, collect things. Things are easier to collect than pixels, bits and bytes.
Not for ultra common coins that can easily be purchased in quantity with a few keystrokes in under an hour.
Define rare. I would argue than less than 2% of pre-1940 U.S. coin issues are truly rare.
Let's hope the uptick in this graph is real and not the result of the PCGS 3000 being a poor metric of the U.S. coin market.
The pictured scene brought back an immediate recollection of several photos I took ten days ago:
Terracotta warriors. That is a sight to see.
No price decline when those were made. Being an Emperor has its perks.
Yes...I think FAR LESS than 2%
All comments reflect the opinion of the author, even when irrefutably accurate.
Coin collecting was doomed when Whitman folders disappeared from the shelves of your local Thrifty/Owl drugstore. Dating myself, I know, but the tools to get the kids started have vanished. Collecting anything has gone the way of the horse and buggy with the world's youth.
What do you base this on? I may accept that the number of young collectors is down but that is a far cry from saying coin collecting is "doomed" and coin collecting is the same as the "horse and buggy" with the world's youth. Do you have anything to support your statement?
Pretty much myopic bunk. Even the few remaining chain boosktores I've seen have quite a large section of coin books and actual folders to boot, some even have supplies like holders and magnifiers. Of course that's all anecdotal, but ignoring modern trends and shifts creates a distorted "alternative facts" mindset.
10-4,
My Instagram picturesErik
My registry sets
Experience. I was there in the 1960's in high school, as Topstuff stated, we talked, we traded, we went through rolls like there was no tomorrow. It was exciting, it was fun. Didn't have to go to a local B&M, picked up the Whitmans and stuffed them. Later on, went into the business, had three children who could have helped themselves to a ton of stuff, and not just widgets, actual good coins. No interest, no interest whatsoever. Heartbreaking? Sort of, but I understood that fashions change.
Since "collecting" is a natural human tendency, I'm positive that it will assert (or RE-assert) in the fairly near future.
I blame a LOT of the price erosion on the uncertainty and phase-in of CAC as a requirement for desire or resale. Either.
That will resolve. However, any "hurdle" will slow any race.
We get myopic when we don't consider "dead money" that we have tied up in guns, sports paraphernalia, auto accessories, and various things that we accumulate for other than pure utilitarian purposes.
Right now, it's perceived as "cool" to be non materialistic. (or profess to be
)
Just let the younger folks discover a path to more than subsistence money and they too will start "showing off."
Bookstores? Actual bookstores? "Few remaining' key wording. More and more close up as time passes. Barnes and Noble anyone? Down to about 12-15 stores per state as they continue to shrink and concentrate on the online traffic. Just another example of changing fashions. When was the last time you gave a non-numismatic book as a gift?
Yes, even more sad than the obvious decline in collector base is the decline of reading in general, not to mention the bookstores.
I think another issue is that there is very little connection to coins in general, as they are worth so little and now we need to use paper and of course credit cards taking over.
They might collect Pokemons, etc. but not coins IMO....
Well, just Love coins, period.
I read more now more than because of the internet. So much information available. I do not read "books"
I still like having proper precious metal pieces -- silver and gold, always will. Just gotta be careful of gypsies and those of their ilk who would try to relieve you of such things by deception or force.
I don’t think this graph should be used as a basis of the overall coin market. The starting point is a high point and one could argue that the current prices are coming back to “normal”. I think the next graph is a better representation of the overall market over time.
I still don’t understand how someone can say an “obvious decline in collector base?” Based on what...a decline in ANA membership or a decline in attendance at shows? By those examples you could also argue that the collector base has exploded due to the volume of sales transacted over eBay. It just evolved.
I would also suggest that the information online has also led to more educated collectors so their seeing Pop reports and sales archives that suggest some coins aren’t as rare as they think and can hold out for something better/different which is causing an overall decrease in common/generic material.
Common generic material has just gone to eBay to die a natural death.
Supply and demand versus number involved. Oh well.
I am looking right now to rationalize price declines but I just can't find the declines .....
Couple of comments:
The "Beanery" - I still have hundreds of early coppers that haven't even been slabbed, let alone been to see JA. I think I'm far from alone. These have all been off the market for 20+ years, and aren't junk.
YN's - my oldest YN's got out of grad school with $100k+ in debt each, they will have lots of disposable income SOMEDAY, but not for a while.