WSJ Feature Article on Coins!!!!!

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  • Nysoto
    Nysoto Posts: 3,833 ✭✭✭✭✭
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    More collectors would be good for the hobby. More investors would be bad for the hobby, as happened with the rare coin funds in the late 80's.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
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    This is big news! After a week in Baltimore away from my computer and this forum, I expected to return and find a 300-post thread on this WSJ article. Instead, there was only one response to the initial post. I find the lack of interest surprising.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • kieferscoins
    kieferscoins Posts: 10,017 ✭
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    Andy:

    There was several threads about 3 days ago on this topic. They were pages long. This is old news and that is why this thread has only gotten 2 replies.

    Cameron Kiefer
  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
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    Cameron - Thank you. BTW, what are you doing up so early? Oh, never mind. Stupid question. Give my regards to the twins.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • kieferscoins
    kieferscoins Posts: 10,017 ✭
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    I like getting up early in the morning. If I ever meet them I'll say hi for you.image

    image

    More along folks, nothing to see hereimage

    image

    Cameron Kiefer
  • AValde
    AValde Posts: 299 ✭
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    I see many newbies (on Ebay) in the gaudens market pushing 64s to $960 levels. I don't know if this is absurd or if this is the going trend these days.

  • DHeath
    DHeath Posts: 8,472 ✭✭✭
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    I'd expect the "smart money" was positioned several years ago. This is the PR portion of the program. Should be interesting.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • morgannut2
    morgannut2 Posts: 4,293 ✭
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    This is a suprising article from the Wall Street Journal. I guess they're seeing a little buzz from the investing class, and want to be ahead of the game. But I wonder if these means we're at the top and prices are going flat? Or is there really big new individual money?
    morgannut2
  • AValde
    AValde Posts: 299 ✭
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    Japan threatens huge dollar sell off : The Observer (this is not good)
  • ksteelheader
    ksteelheader Posts: 11,777 ✭
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    << <i>There was several threads >>







    << <i>More along folks, nothing to see here >>



    Cammy, you having problems this morning with spelling and proper word use?...image

    Get your mind off those skinny broads and straighten up!
  • jom
    jom Posts: 3,538 ✭✭✭✭✭
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    << <i>I see many newbies (on Ebay) in the gaudens market pushing 64s to $960 levels >>



    Screw buying coins as an investment...I think I'll buy Ebay stock! image

    jom
  • WaterSport
    WaterSport Posts: 7,064 ✭✭✭✭✭
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    Gee, do you suppose that last few sentences were in reference to ACG....?????

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • mhammerman
    mhammerman Posts: 3,769 ✭✭✭
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    Well, I say HA! They have been making a living from the US consumerism for tooooo long now, let them sell their honda's and bmw's somewhere else...like china maybe.
  • CarlWohlforth
    CarlWohlforth Posts: 11,074 ✭
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    Japan wants a strong dollar. Threatening a massive sell off of dollars sounds counter productive for them. If Japan sold loads of US Dollars as it would weaken the dollar and make Japanese goods that much more expensive in the US which hurts the Japanese economy...
    Carl's Coins website w/ links to Carl's auctions
  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
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    Japan wants a strong dollar. Threatening a massive sell off of dollars sounds counter productive for them. If Japan sold loads of US Dollars as it would weaken the dollar and make Japanese goods that much more expensive in the US which hurts the Japanese economy...

    Correct. The article is clear on that. The problem is that whoever wrote the headline either didn't read the article, or doesn't understand economics, or both.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • pupskweek
    pupskweek Posts: 39
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    A collection is also an investment, isn't it? And the price of gold is going up as the dollar falls--10% this year. Silver, also, has risen 37%. I must be one of the newbies that is paying too much for a common Saint but I'm thinking it will go up enough so I can parlay it into something better. Is this bad for the hobby because I'm running the price up? There are surely a lot of coins out there for sale.....

    Pups
  • CarlWohlforth
    CarlWohlforth Posts: 11,074 ✭
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    <A collection is also an investment, isn't it?>

    Not necessarily. Dealers expect to make a profit. So if you try to sell the day after you buy you most likely will be offered less than you paid. This is the dealer markup.

    Will coins go up in value over time? Maybe. Some coins are still lower in value than they were in 1989.

    <Is this bad for the hobby because I'm running the price up?>

    I don't think it is bad for the hobby. As you say there are a lot of coins out there so it is unlikely that you, personally, are running any prices up.
    Carl's Coins website w/ links to Carl's auctions

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