With inflation skyrocketing and the cost of......

SanctionII · June 12, 2022 6:06PM

.....goods and services going up dramatically has the market price on modestly priced widget ($50.00 or less) coins followed suit?

Or have the prices of these coins stayed flat?

messydesk · June 12, 2022 6:22PM

Last year's $50 coins are this year's $55-60 coins. I don't know about the $5 or $1 coins, though.

lkenefic · June 12, 2022 6:46PM

I think it depends on the widget. I started a Morgan Dollar date set last year in all AU with rim toning... that was the thought anyway. Certified coins could be had in these grades for $40-50. I think they're more like $60-70 now...

I also collect Large Cents so some are more "widgety" than other... the later date 1850's copper can still be had in reasonable condition... ~VF for $50 or so, but you have to look at a LOT of corroded, cleaned, damaged, coins before finding a decent one. Higher grade copper seems to be bring stronger money.

Estil · June 12, 2022 7:30PM

Considering we've had inflation (and interest rates!) at a bare minimum (I think?) for the last 20-25 years I guess the law of averages was bound to catch up with us...

At least it should make roll hunting cheaper?

winesteven · June 12, 2022 8:08PM

@Estil said:
Considering we've had inflation (and interest rates!) at a bare minimum (I think?) for the last 20-25 years I guess the law of averages was bound to catch up with us...

Deleted to edit.

Please treat this as a rhetorical question, with NO response required, as I insist we don’t bring politics onto the forum. Let’s keep it to coins please.

Regarding the question of the OP, I agree with others that lower priced coins have moved up a bit, but it may not be due to inflation, but due to increases of coin prices in general. A rising tide lifts all boats.

Unknown · June 12, 2022 8:15PM

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winesteven · June 12, 2022 8:16PM

Deleted to edit.

I asked a rhetorical question. I did not make a statement.

coinbuf · June 12, 2022 8:18PM

@jmlanzaf said:

@winesteven said:

@Estil said:
Considering we've had inflation (and interest rates!) at a bare minimum (I think?) for the last 20-25 years I guess the law of averages was bound to catch up with us...

So you really think the high inflation that started 1-1/2 years ago, and the recent rise in interest rates to try to deal with super high inflation is random, and just a coincidence, due to the law of averages, and not due in any way to policy decisions? Please treat this as a rhetorical question, with NO response required, as I insist we don’t bring politics onto the forum. Let’s keep it to coins please.

Regarding the question of the OP, I agree with others that lower priced coins have moved up a bit, but it may not be due to inflation, but due to increases of coin prices in general. A rising tide lifts all boats.

You make a political statement and then tell everyone else to avoid political statements...

The entire thread has politics imbedded in it, I sure hope nobody gets banned over this thread.

clarkbar04 · June 12, 2022 8:56PM

Inflation is economics.

lermish · June 12, 2022 11:51PM

@winesteven said:
The prior statement go not go unaddressed. So all I did was ask a rhetorical question. I did not make a statement.

Do you really think that potentially inflammatory political statement is true? Don't get offended, just asking a question!!! And it's rhetorical so don't say anything!!!

Regardless of whether I agree with your statement or not that is a poor method of trying to make a point.

BillJones · June 13, 2022 2:37AM

@lkenefic said:
I think it depends on the widget. I started a Morgan Dollar date set last year in all AU with rim toning... that was the thought anyway. Certified coins could be had in these grades for $40-50. I think they're more like $60-70 now...

I also collect Large Cents so some are more "widgety" than other... the later date 1850's copper can still be had in reasonable condition... ~VF for $50 or so, but you have to look at a LOT of corroded, cleaned, damaged, coins before finding a decent one. Higher grade copper seems to be bring stronger money.

The large cent market has been like that for a long time. The reason is that the EAC people have branched out to die varieties and then die states. It used to be that one collector only needed a few examples of each year or less if they were collecting by Red Book variety. Now they have to have 10 or more pieces a year. That takes a lot of coins off the market.

Unknown · June 13, 2022 2:46AM

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PerryHall · June 13, 2022 3:47AM

How can the topic of inflation be political when it's caused by Vladimir Putin?

Unknown · June 13, 2022 4:00AM

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Soldi · June 13, 2022 4:17AM

I don't think the average collector has the money to support the hobby at this point. All throughout collecting history the bottom line is priorities and I don't think coins are high on the list of concerns. John Work Garrett railroad magnate as wealthy as he was rebuffed dealers at times as he "had better things to concentrate on" not some rarity. (1)

(1) paraphrased from Bowers book Garrett Collection

Unknown · June 13, 2022 5:29AM

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With inflation skyrocketing and the cost of......

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