Options
Will the collecting of "classic" US coins decline in the next few decades?
291fifth
Posts: 25,183 ✭✭✭✭✭
Have "nice" classic coins now become both so pricey and so difficult to find that interest in them will decline over the next few decades?
Will collectors entering the field stick only to the more recent issues that they can buy from the mint and "hopefully" flip for a quick profit?
What do you think?
Will collectors entering the field stick only to the more recent issues that they can buy from the mint and "hopefully" flip for a quick profit?
What do you think?
All glory is fleeting.
0
Comments
<< <i>Have "nice" classic coins now become both so pricey and so difficult to find that interest in them will decline over the next few decades? >>
New mint issues have nothing but mint luster and seem to fly off the shelves. I would anticipate some classic series falling down a bit.
Rex
and it sets us apart from practitioners and consultants. Gregor
<< <i>Steady price increases are evidence of increasing interest, not declining.
Rex >>
But aren't those price increases limited to the primo, eye-appealing material...a very small portion of the classic coin market.
No, I do not think that is a logical conclusion to draw or prediction to make. Some kind of equilibrium always exists among supply, demand, and prices,
and at worst, if prices declined enough, then a lot of people would begin to think a neat, rare old coin is a pretty good deal compared to this year's slabbed bullion
Liberty: Parent of Science & Industry
<< <i>Steady price increases are evidence of increasing interest, not declining.
Rex >>
Bingo.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
``https://ebay.us/m/KxolR5
No, they're not.
Even ordinary, non-choice early (pre-1808) material continues higher. Heck, even cleaned, scratched, holed, and generally ugly draped bust coins are becoming more expensive...
as more collectors desire these truly scarce and historic old coins with stories to tell, coins that did their duty in commerce and served their country honorably
prices will likely continue up across the board. Not everyone desires new and shiny and 70, and not everyone can afford choice early type, so the lower grades do well too.
Liberty: Parent of Science & Industry
Rex
<< <i>...nonetheless, I hope we're all wrong, and the bottom is about to fall out, and all the old coins will be dirt cheap!!
Rex >>
If "the bottom falls out" you'll have a catch 22 on your hands. Yes, the prices will fall and the coins will be cheaper. BUT, the current owners of the coins will not want to sell in such a down market, most likely for a financial loss on their part. They will not sell their coins and they will effectively dissapear from the market until prices rise to meet the expectations of the owners.
The prices will drop but the available inventory will plumet. This will in turn increase the prices yet again.
Cheap prices make it easy to afford coins. High prices make it easy to find coins.
<< <i>
<< <i>...nonetheless, I hope we're all wrong, and the bottom is about to fall out, and all the old coins will be dirt cheap!!
Rex >>
If "the bottom falls out" you'll have a catch 22 on your hands. Yes, the prices will fall and the coins will be cheaper. BUT, the current owners of the coins will not want to sell in such a down market, most likely for a financial loss on their part. They will not sell their coins and they will effectively dissapear from the market until prices rise to meet the expectations of the owners.
The prices will drop but the available inventory will plumet. This will in turn increase the prices yet again.
Cheap prices make it easy to afford coins. High prices make it easy to find coins. >>