What is a collector to do in view of the economy?
Bear
Posts: 18,953 ✭✭✭
First of all take a deep breath and exhale slowly.
If your collection is quality for the grade, and you
have pruned it carefully over the past few years,
then you are OK. Sure prices may fall in the coming
year or two, but quality coins will always be in short
supply. Quality coins will always come back and even
exceed their prior high point. Thus, relax, in the
event of a serious down turn in the coin market, put your
collection in a nice safe place and bid your time. Tighten up
your standards when you buy a coin. Serious price drops are
really good times to buy better quality coins for less money. The
sun will rise tomorrow and even the birds will chirp at sunrise.
We have had cycles in the coin market in the past and will have many
more in the future. There is not much you can do about it, so just
be careful about what you buy and what you pay, from here on out.
If your collection is quality for the grade, and you
have pruned it carefully over the past few years,
then you are OK. Sure prices may fall in the coming
year or two, but quality coins will always be in short
supply. Quality coins will always come back and even
exceed their prior high point. Thus, relax, in the
event of a serious down turn in the coin market, put your
collection in a nice safe place and bid your time. Tighten up
your standards when you buy a coin. Serious price drops are
really good times to buy better quality coins for less money. The
sun will rise tomorrow and even the birds will chirp at sunrise.
We have had cycles in the coin market in the past and will have many
more in the future. There is not much you can do about it, so just
be careful about what you buy and what you pay, from here on out.
There once was a place called
Camelot
Camelot
0
Comments
"Buy Old, Sell New. Patience Is A Virtue, And Every Circle Goes Up Half Of The Time"
What is a collector to do in view of the economy?
-----
If you are a collector, just use the times to buy
coins on the cheap.
If you are a dealer, or a flipper, it may be more
of a problem.
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
Enjoy the buying opertunity.........
<< <i>What is a collector to do in view of the economy? >>
It can see me?!?
How? My shades are drawn.
I'd better be good!
True collectors never care what they paid or what it's worth.
......uhhh and that quote is not attributable to me.
roadrunner
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>
<< <i>What is a collector to do in view of the economy? >>
>>
Collect.
Having a good look into short selling (and WHO is doing it) may rally the equity market in a Huge way.
I do worry though, that the coin market may see a lot of quick selling from some who are ready to get back in at a market bottom and need funds fast.
If you see a lot LOT of investment quality coins hit the auctions soon, that is whats happening.
There are some key dates I'll be needing soon.
I'm still collecting and will continue to do so.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
<< <i>I hope coin prices drop like a rock.
There are some key dates I'll be needing soon.
I'm still collecting and will continue to do so.
-Randy Newman
<< <i>Panic is clearly the only option. >>
LOL
Has anobody read the Legend report on the LB show?
``https://ebay.us/m/KxolR5
<< <i>
<< <i>Panic is clearly the only option. >>
LOL
Has anobody read the Legend report on the LB show? >>
Just did and L's reports are getting better with each show... nothing shocking as the market has been in an expected correction phase since mid 2006.
If you've been playing in the market since don't get your panties in a bunch just yet!