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COINFLATION?????
saintguru
Posts: 7,727 ✭✭✭
So prices of just about everything we buy are going up at an alarming rate: energy, food, raw materials, grains...you name it. 1.1% inflation this month? WoW!
What about your COINS? If you specialize in particular series where do you think they are relative to where they will be within the next five years?
Obviously I collect Saints. They had a great run from 2002 to 2006.5 and then they started to soften. I'm talking about the desirable semi-rarities and rarities, not including the two ultra rare 1921 and 1927-D, which show up so infrequently that there is simply extraordinary demand at new levels every time. Prices dropped about 25-30% since the peak which I saw around July 2006. They are just now beginning to show strength and for the first time in two years there is very, very little to be seen in better date, high grade coins. They have been put away and the supply looks very tight.
When this series catches it really moves. I think that this series is hin the top of the 4th inning to their next peak. That may be a brash prediction, but when you look at any coins with a POP25 or lower (and they are INFLATED, a lot!), especially single digit POPs the demand will drive these coins up rapidly due to the almost total absence of good coins. I think they'll double in the next 5 years.
What about your specialty?
What about your COINS? If you specialize in particular series where do you think they are relative to where they will be within the next five years?
Obviously I collect Saints. They had a great run from 2002 to 2006.5 and then they started to soften. I'm talking about the desirable semi-rarities and rarities, not including the two ultra rare 1921 and 1927-D, which show up so infrequently that there is simply extraordinary demand at new levels every time. Prices dropped about 25-30% since the peak which I saw around July 2006. They are just now beginning to show strength and for the first time in two years there is very, very little to be seen in better date, high grade coins. They have been put away and the supply looks very tight.
When this series catches it really moves. I think that this series is hin the top of the 4th inning to their next peak. That may be a brash prediction, but when you look at any coins with a POP25 or lower (and they are INFLATED, a lot!), especially single digit POPs the demand will drive these coins up rapidly due to the almost total absence of good coins. I think they'll double in the next 5 years.
What about your specialty?
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Senior Numismatist
Legend Rare Coin Auctions
No Way Out: Stimulus and Money Printing Are the Only Path Left
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>So prices of just about everything we buy are going up at an alarming rate: energy, food, raw materials, grains...you name it. 1.1% inflation this month? WoW!
What about your COINS? If you specialize in particular series where do you think they are relative to where they will be within the next five years?
Obviously I collect Saints. They had a great run from 2002 to 2006.5 and then they started to soften. I'm talking about the desirable semi-rarities and rarities, not including the two ultra rare 1921 and 1927-D, which show up so infrequently that there is simply extraordinary demand at new levels every time. Prices dropped about 25-30% since the peak which I saw around July 2006. They are just now beginning to show strength and for the first time in two years there is very, very little to be seen in better date, high grade coins. They have been put away and the supply looks very tight.
When this series catches it really moves. I think that this series is hin the top of the 4th inning to their next peak. That may be a brash prediction, but when you look at any coins with a POP25 or lower (and they are INFLATED, a lot!), especially single digit POPs the demand will drive these coins up rapidly due to the almost total absence of good coins. I think they'll double in the next 5 years.
What about your specialty? >>
According to the "rule of 72".........that's a 14.4% increase per year.
Time will tell....I hope you are correct!
<< <i>According to the "rule of 72".........that's a 14.4% increase per year.
Time will tell....I hope you are correct!
If I derived all my satisfaction by the rule of 72 I'd just buy pipeline stocks. ( do own a number of them.
I like coins. They're prettier.
This is why I came in 1st and 2nd in the Trading Contests. You have to look at your passion economically at some point...and you can still love them.
Taking a stand like George Foreman's "I'm not gonna pay a lot for this muffler!" isn't gonna change things.
So may the Force be with you!
I got a 2.5% raise this year. It was eaten up before I got it.
Then they cut out all of our overtime.
It's HE!! to be going backwards!
Regards,
John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>SG, like Weesy said... EVERYTHING is "Movin' On Up"!
Taking a stand like George Foreman's "I'm not gonna pay a lot for this muffler!" isn't gonna change things.
So may the Force be with you!
Did you know that George Foreman has 6 sons all named George????
Nice pic!!!!
Dear saintguru, what trading contests did you participate in?????
Goldbully. Yep... that's called Geoflation!
<< <i>
Dear saintguru, what trading contests did you participate in????? >>
Uhhhh...The PCGS World Series Trading Contest.....
PCGS Collector wins 2007 PCGS World Series of Coin Trading Contest
- February 12, 2008
Jay Brahin, a collector from Winnetka, Illinois, won the $10,000 first prize in the 2007 PCGS World Series of Coin Trading with a "trading profit" of $5.8 million on an initial million dollar portfolio. Brahin studied the market and purchased fantasy coins based on the PCGS Price Guide for his portfolio, under the name of saintguru. His trading profit of $5,848,500 in nine months was enough to win the competition against 522 other participants.
Brahin, who started collecting coins as a kid in the early 60's, became more aggressive in his collecting pursuits in 2002. He still reminisces his childhood days when he would acquire rolls of coins from the banks and still be able to find Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters and Walking Liberty Half's. Today, he is now collecting high end, key date Saint Gauden's $20 gold pieces. His strategy in the PCGS World Series of Coin Trading contest was to purchase low population coins in the highest possible grades, focusing on rarities. Brahin mentioned he formulated a strategy similar to picking stocks and utilizes this system in selecting coins from upcoming major auctions and working with tenacity, by studying hard to find coins. Brahin feels that classic, original, untouched "banner" coins still have tremendous upside potential. According to Brahin, "The contest is not just a simple case of picking winners because of what you already know. It takes a lot of work to be a contender. You have to see what's coming up for sale, know what series is hot and whether the coins available are notable and well graded. The more time you spend the better your chance of picking winners and learning about coins you never knew about. The best thing is waking up and seeing green prices in your inventory. It smells like 'victory'!"
The PCGS World Series of Coin Trading was based on the prices in the PCGS Online Price Guide.To see the most current prices for PCGS graded coins please visit the PCGS Price Guide online at http://www.pcgs.com/prices/ and look for the green and red arrows in your favorite series.
<< <i>
<< <i>
Dear saintguru, what trading contests did you participate in????? >>
Uhhhh...The PCGS World Series Trading Contest.....
PCGS Collector wins 2007 PCGS World Series of Coin Trading Contest
- February 12, 2008
Jay Brahin, a collector from Winnetka, Illinois, won the $10,000 first prize in the 2007 PCGS World Series of Coin Trading with a "trading profit" of $5.8 million on an initial million dollar portfolio. Brahin studied the market and purchased fantasy coins based on the PCGS Price Guide for his portfolio, under the name of saintguru. His trading profit of $5,848,500 in nine months was enough to win the competition against 522 other participants.
Brahin, who started collecting coins as a kid in the early 60's, became more aggressive in his collecting pursuits in 2002. He still reminisces his childhood days when he would acquire rolls of coins from the banks and still be able to find Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters and Walking Liberty Half's. Today, he is now collecting high end, key date Saint Gauden's $20 gold pieces. His strategy in the PCGS World Series of Coin Trading contest was to purchase low population coins in the highest possible grades, focusing on rarities. Brahin mentioned he formulated a strategy similar to picking stocks and utilizes this system in selecting coins from upcoming major auctions and working with tenacity, by studying hard to find coins. Brahin feels that classic, original, untouched "banner" coins still have tremendous upside potential. According to Brahin, "The contest is not just a simple case of picking winners because of what you already know. It takes a lot of work to be a contender. You have to see what's coming up for sale, know what series is hot and whether the coins available are notable and well graded. The more time you spend the better your chance of picking winners and learning about coins you never knew about. The best thing is waking up and seeing green prices in your inventory. It smells like 'victory'!"
The PCGS World Series of Coin Trading was based on the prices in the PCGS Online Price Guide.To see the most current prices for PCGS graded coins please visit the PCGS Price Guide online at http://www.pcgs.com/prices/ and look for the green and red arrows in your favorite series. >>
Wow, I'm most impressed!!!!!!
<< <i>
<< <i>
Dear saintguru, what trading contests did you participate in????? >>
Uhhhh...The PCGS World Series Trading Contest.....
PCGS Collector wins 2007 PCGS World Series of Coin Trading Contest
- February 12, 2008
Jay Brahin, a collector from Winnetka, Illinois, won the $10,000 first prize in the 2007 PCGS World Series of Coin Trading with a "trading profit" of $5.8 million on an initial million dollar portfolio. Brahin studied the market and purchased fantasy coins based on the PCGS Price Guide for his portfolio, under the name of saintguru. His trading profit of $5,848,500 in nine months was enough to win the competition against 522 other participants.
Brahin, who started collecting coins as a kid in the early 60's, became more aggressive in his collecting pursuits in 2002. He still reminisces his childhood days when he would acquire rolls of coins from the banks and still be able to find Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters and Walking Liberty Half's. Today, he is now collecting high end, key date Saint Gauden's $20 gold pieces. His strategy in the PCGS World Series of Coin Trading contest was to purchase low population coins in the highest possible grades, focusing on rarities. Brahin mentioned he formulated a strategy similar to picking stocks and utilizes this system in selecting coins from upcoming major auctions and working with tenacity, by studying hard to find coins. Brahin feels that classic, original, untouched "banner" coins still have tremendous upside potential. According to Brahin, "The contest is not just a simple case of picking winners because of what you already know. It takes a lot of work to be a contender. You have to see what's coming up for sale, know what series is hot and whether the coins available are notable and well graded. The more time you spend the better your chance of picking winners and learning about coins you never knew about. The best thing is waking up and seeing green prices in your inventory. It smells like 'victory'!"
The PCGS World Series of Coin Trading was based on the prices in the PCGS Online Price Guide.To see the most current prices for PCGS graded coins please visit the PCGS Price Guide online at http://www.pcgs.com/prices/ and look for the green and red arrows in your favorite series. >>
I didn't know that Jay. Congratulations! That's really cool! When do you write THE coin investment guide?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>
<< <i>
Dear saintguru, what trading contests did you participate in????? >>
Uhhhh...The PCGS World Series Trading Contest.....
PCGS Collector wins 2007 PCGS World Series of Coin Trading Contest
- February 12, 2008
Jay Brahin, a collector from Winnetka, Illinois, won the $10,000 first prize in the 2007 PCGS World Series of Coin Trading with a "trading profit" of $5.8 million on an initial million dollar portfolio. Brahin studied the market and purchased fantasy coins based on the PCGS Price Guide for his portfolio, under the name of saintguru. His trading profit of $5,848,500 in nine months was enough to win the competition against 522 other participants.
Brahin, who started collecting coins as a kid in the early 60's, became more aggressive in his collecting pursuits in 2002. He still reminisces his childhood days when he would acquire rolls of coins from the banks and still be able to find Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters and Walking Liberty Half's. Today, he is now collecting high end, key date Saint Gauden's $20 gold pieces. His strategy in the PCGS World Series of Coin Trading contest was to purchase low population coins in the highest possible grades, focusing on rarities. Brahin mentioned he formulated a strategy similar to picking stocks and utilizes this system in selecting coins from upcoming major auctions and working with tenacity, by studying hard to find coins. Brahin feels that classic, original, untouched "banner" coins still have tremendous upside potential. According to Brahin, "The contest is not just a simple case of picking winners because of what you already know. It takes a lot of work to be a contender. You have to see what's coming up for sale, know what series is hot and whether the coins available are notable and well graded. The more time you spend the better your chance of picking winners and learning about coins you never knew about. The best thing is waking up and seeing green prices in your inventory. It smells like 'victory'!"
The PCGS World Series of Coin Trading was based on the prices in the PCGS Online Price Guide.To see the most current prices for PCGS graded coins please visit the PCGS Price Guide online at http://www.pcgs.com/prices/ and look for the green and red arrows in your favorite series. >>
I didn't know that Jay. Congratulations! That's really cool! When do you write THE coin investment guide?
WHEN?? I've been writing it here almost every day for four years.
<< <i>Did you know that George Foreman has 6 sons all named George???? >>
Yes. The question is was his ego really that big or did he lack that much imagination when it came to naming them.
To answer the OP, VAMs are indeed increasing in popularity and price. The VAMQuest sale yesterday brought stronger money than I would have expected, especially since there is a lot of VAM money chasing Leroy Van Allen set coins in the Central States' Heritage sales. Morgan DMPLs I can personally say are very strong too. An occasion of a truly rare or exceptional piece coming to market is fiercely competed.
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You said that right. I now spend over $75 a week on fuel to go to work. I have a hard time with over $300
a month spent on fuel. That's like half a car payment, for me anyways. I'm feeling the squeeze, as are millions
of others. Guess the only thing to do is invest in big oil Mobil, BP. Any suggestions?
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Let's get back OT. Maybe someone will learn something, myself included.
<< <i><<So prices of just about everything we buy are going up at an alarming rate: energy, food, raw materials, grains...you name it. 1.1% inflation this month? WoW!>>
You said that right. I now spend over $75 a week on fuel to go to work. I have a hard time with over $300
a month spent on fuel. That's like half a car payment, for me anyways. I'm feeling the squeeze, as are millions
of others. Guess the only thing to do is invest in big oil Mobil, BP. Any suggestions? >>
The only practical thing most of us can do is buy a fuel efficient vehicle. Hell I put over $40 worth of gas in my Cavalier and it wasn't even full. Cutting commuting distances mite also be an option. Unfortunately those CHOICES we made on where to live and what to drive when fuel was cheaper are starting to bite us in the ass.
<< <i>Hey!
Let's get back OT. Maybe someone will learn something, myself included.
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I have quite a few energy plays...many I've owned for 10 years and they just keep growing.
<< <i>Hey!
Let's get back OT. Maybe someone will learn something, myself included.
Did Frank tell you to say that?
Oil is everything, everyday I consume it, we all do.
I'm consuming oil as I write, the electricity used was produced by fossil fuels.
Isn't oil a barometer for PM's?
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Delaware licensce plates. The number 6 went for $650,000.00. Talk about insanity and vanity.
Box of 20
<< <i>Hey!
Let's get back OT. Maybe someone will learn something, myself included.
I have no idea where Morgans will be in 5 years. The harder to get ones will probly keep going up just like the Saints while the common ones may rise and then fall. The junky ones will always be that. I'd expect better or semi key dates in high or scarce grades to do well also.