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Everyone says to buy on the dip-- are you doing anything differently in today's supposed dip in pric

LongacreLongacre Posts: 16,717 ✭✭✭
in U.S. Coin Forum
Everyone (even dealers, incredibly) are saying that prices for certain issues have dipped and now presents a buying opportunity that has not occurred in years. For those that collect the series whose prices are supposedly lower today, is your quantity or frequency of purchases any different? I would think not, especially if someone is a collector and buys choice coins at reasonable prices, and is even willing to strectch when a really nice coin comes along. What do you think?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)

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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    Everyone (even dealers, incredibly) are saying that prices for certain issues have dipped and now presents a buying opportunity that has not occurred in years. For those that collect the series whose prices are supposedly lower today, is your quantity or frequency of purchases any different? I would think not, especially if someone is a collector and buys choice coins at reasonable prices, and is even willing to strectch when a really nice coin comes along. What do you think?

    My chosen series (southern gold half eagles) do not appear to be affected much by "the market". When coin prices ran up, these coins slowly walked up. Now that some series are under pressure, nice coins are as hard as ever for me to find and expensive as ever to buy. Some really nice coins just came along. I plan to buy them hand-over-fist...or at least until my money market account runs dry, my wife finds out what I am up to, or I die from the exhaustion of doing so...whichever comes first.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Everyone says to buy on the dip >>

    everyone?

    K S
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭
    Once we get our albatross of a house sold that we moved away from in July, maybe I will. Until then we're lucky if I can buy a $20 coin every so often.
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    291fifth291fifth Posts: 25,241 ✭✭✭✭✭
    Coin market dips tend to be of long duration. Don't buy into hype that claims a dip will last only a short period.

    Do your own research and come to your own conclusion regarding the state of the market. As I have said many times, take some coins to a major show and try to sell for cash. There is no quicker way to judge the real state of the market.
    All glory is fleeting.
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    LEAP269LEAP269 Posts: 318
    i think this dip philosopy is more pertanent for precious metals when you are trying to get a low avg cost then for collectable items. it's cousin is the automatic asset builder where you systematically add money to investments over a long period of time in the up and down markets.

    even better is to only buy on the dips-
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    LanLordLanLord Posts: 11,756 ✭✭✭✭✭
    I wish I could find something that is dipping!

    Nothing that I like has done anything but go up.
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    CladiatorCladiator Posts: 18,354 ✭✭✭✭✭
    I've seen no dip in prices with my areas of interest.
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    DeusExMachinaDeusExMachina Posts: 1,325 ✭


    << <i>I've seen no dip in prices with my areas of interest. >>



    image


    I have seen prices rise quickly for my series and it seems like a lot of poor material is starting to come out. To me, this indicates a strong market.
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    lathmachlathmach Posts: 4,720 ✭
    There hasn't been any letup in prices in the Seated Quarters.
    It's hard to believe coin collecting is in a bear market.

    Ray
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    ABC123ABC123 Posts: 2,627
    Whatever happened to Buy High, Sell Higher---Motley Fool
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    MikeInFLMikeInFL Posts: 10,192 ✭✭✭✭
    What dip? That being said, I'm still in buy mode for quality coins and am doing nothing differently.
    Collector of Large Cents, US Type, and modern pocket change.
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    RichieURichRichieURich Posts: 8,652 ✭✭✭✭✭


    << <i>I've seen no dip in prices with my areas of interest. >>



    image

    An authorized PCGS dealer, and a contributor to the Red Book.

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    MyqqyMyqqy Posts: 9,777 ✭
    I would be interested to hear some reports from folks that have seen prices dropping in their area of expertise..... image
    My style is impetuous, my defense is impregnable !
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    dorkkarldorkkarl Posts: 12,691 ✭✭✭
    dippy is as dippy does.

    buy the coins you like when you can afford 'em, & don't worry so danged much about dipsticks. your in it for the enjoyment, are'nt you?

    K S
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    AU58WALKERSAU58WALKERS Posts: 3,562 ✭


    << <i>I wish I could find something that is dipping!

    Nothing that I like has done anything but go up. >>



    "I've seen no dip in prices with my areas of interest."



    image
    "Everyday above ground is a good day"

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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>

    << <i>I've seen no dip in prices with my areas of interest. >>



    image >>



    image

    Try to find good date graded Saints...let alone cheaper than before! image
    image
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    coinbufcoinbuf Posts: 12,633 ✭✭✭✭✭
    I think that the only area I've seen any signs of a letup is in common date Morgans, and even that is more of a price stall than a real decline so far.

    Chris
    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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