A rising tide lifts all boats
Steve27
Posts: 13,275 ✭✭✭
Will the dramatic increase in metal prices lead to price hikes in coin prices?
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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The prices for "stuff" (generic coins) are pretty stagnent and these pieces are not selling well. Since common date silver dollars and the like are already selling for well over melt, I don't see any big increases in those areas. The small collector is getting squeezed these days with energy prcies going through the roof. He'a also worried about his job, and his credit cards might be maxed out. For those reasons, I don't see all of the boats rising with the tide.
<< <i>Will the dramatic increase in metal prices lead to price hikes in coin prices? >>
Only for those generic coins tied to bullion, and we may see another round of common gold & silver circulated coins hitting the melting pot.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>It has in the past, but I'm not sure it will raise the prices for everything this time around.
The prices for "stuff" (generic coins) are pretty stagnent and these pieces are not selling well. Since common date silver dollars and the like are already selling for well over melt, I don't see any big increases in those areas. The small collector is getting squeezed these days with energy prcies going through the roof. He'a also worried about his job, and his credit cards might be maxed out. For those reasons, I don't see all of the boats rising with the tide. >>
Feature article in USA Today this morning talks about how more and more people are using credit cards on necessities such as gas
and groceries because they are straped for cash - not a good sign.
I see people in the cafeteria line at work paying for a $5-6 lunch with a credit card as well
<< <i>
<< <i>It has in the past, but I'm not sure it will raise the prices for everything this time around.
The prices for "stuff" (generic coins) are pretty stagnent and these pieces are not selling well. Since common date silver dollars and the like are already selling for well over melt, I don't see any big increases in those areas. The small collector is getting squeezed these days with energy prcies going through the roof. He'a also worried about his job, and his credit cards might be maxed out. For those reasons, I don't see all of the boats rising with the tide. >>
Feature article in USA Today this morning talks about how more and more people are using credit cards on necessities such as gas
and groceries because they are straped for cash - not a good sign.
I see people in the cafeteria line at work paying for a $5-6 lunch with a credit card as well >>
I was talking with my broker yesterday. They are starting to become very concerned (I think very belatedly) by the rising level of credit card debt. It appears to be a sign of desperation as more and more people can't pay their bills and are now maxing out their credit cards.
<< <i>
<< <i>
<< <i>It has in the past, but I'm not sure it will raise the prices for everything this time around.
The prices for "stuff" (generic coins) are pretty stagnent and these pieces are not selling well. Since common date silver dollars and the like are already selling for well over melt, I don't see any big increases in those areas. The small collector is getting squeezed these days with energy prcies going through the roof. He'a also worried about his job, and his credit cards might be maxed out. For those reasons, I don't see all of the boats rising with the tide. >>
Feature article in USA Today this morning talks about how more and more people are using credit cards on necessities such as gas
and groceries because they are straped for cash - not a good sign.
I see people in the cafeteria line at work paying for a $5-6 lunch with a credit card as well >>
I was talking with my broker yesterday. They are starting to become very concerned (I think very belatedly) by the rising level of credit card debt. It appears to be a sign of desperation as more and more people can't pay their bills and are now maxing out their credit cards. >>
keep in mind that many people simply do not carry cash anymore. they use the cc to pay for
everything and pay off the bill at the end of the month. this results in a good credit rating for
those who can operate in this manner. my girl friend is one of those people.
me? i always have 10-50 bucks in my wallet and did not get a cc until i was 30. why did i get one/three?
to improve my credit rating of course...
and groceries because they are straped for cash - not a good sign."
I use my credit card for both gas and groceries, because they give me 3% back on those items (and the self-serve gas pumps don't take cash).