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Under what circumstances would you stop buying rare U.S. coins?
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Under what circumstances would you stop buying rare U.S. coins?
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I have 13 coins I need to upgrade and most I want in high-mid-grade but many times I cant justify paying a x amount for 1 when I can buy 4 or 5 coins from the "dark side" for the same amount.
2. Horrible flood of counterfeits (MUCH worse than now)
3. U.S. financial collapse
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>1. No discretionary funds >>
Or just lost interest... Like nearly everyone else on here I've had spells where I just needed a break...
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
never rare. I don't come across them to buy and don't have the urge to go after
them, yet.
I have my eyes on and am hoping to obtain a $10 Pikes Peak gold but it has not
happened yet. I know an owner of several Mormon golds and that has not happened
yet either. My day will come!!
bob
<< <i>1. No discretionary funds
2. Horrible flood of counterfeits (MUCH worse than now)
3. U.S. financial collapse >>
Loss of discretionary funds
CRO stops making hats
When you begin your give away for having nine lives here.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>Under what circumstances would you stop buying rare U.S. coins? >>
Under the same circumstance that existed all throughout 2009 and 2010.
roadrunner
<< <i>The day I decide my money is better spent on narcotics and barely legal call girls. >>
So, Wei, how was Saturday anyway?
<< <i>1. No discretionary funds
2. Horrible flood of counterfeits (MUCH worse than now)
3. U.S. financial collapse >>
Aren't we were already there?
- Jim
I'd be collecting alcohol, cigs and ammo instead.
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation) >>
Three years in a slowdown and the fringe goes all Ga Ga on the gloom-meter.
Billions of $$$ in Corporate Profit = Hiring = Housing comeback = More Hiring = Tax Revenue Increase at the State and Federal Level = US Economy is Saved, starting in 5,4,3,2......
I'm still buying coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I have been studying economics for over 30 years. There are some fundamental problems in the US that exist that have not existed for quite some time, if ever.
Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt?
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt? >>
Just to be accurate, they didn't lower the rating, they lowered the outlook. There's a big difference.
Signed,
Standard and Poor's Intern, Summer of 1996, Bond Surveillance Department (the most boring job on earth).
<< <i>I understand, the end of the United States as we know it, does this mean there is going to be no forum hat or tee shirt? >>
That had me laughing out loud. And I am not in the best place to be doing that.
Answer - I do not know but to see what happens after an economic crash, study how countries have done after their currency collapses.
I think National Geographic had an article within the past 10 years about how Peru (I think it was Peru...) was after their problems.
It's not all bad.
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<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt? >>
Just to be accurate, they didn't lower the rating, they lowered the outlook. There's a big difference.
Signed,
Standard and Poor's Intern, Summer of 1996, Bond Surveillance Department (the most boring job on earth). >>
Gotcha. Thanks for the correction. Can you tell us the difference? My researcher, Mark Feld is off. So to speak.
Are those the same rating agencies that gave AAA ratings to bond products stuffed with NINJA subprime mortgage loans?
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt?
Are those the same rating agencies that gave AAA ratings to bond products stuffed with NINJA subprime mortgage loans? >>
Good one.
<< <i>
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt?
Are those the same rating agencies that gave AAA ratings to bond products stuffed with NINJA subprime mortgage loans? >>
Good one. >>
You could turn it around and indicate that they always overrate things and that things are even worse than we thought.
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation)
I'd be collecting alcohol, cigs and ammo instead. >>
You might want to consider learning how to make alcohol and grow tobacco.
Buying ammo is good until the government asks everyone to turn it in and for those who don`t, ten years in prison.
<< <i>
<< <i>
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt?
Are those the same rating agencies that gave AAA ratings to bond products stuffed with NINJA subprime mortgage loans? >>
Good one. >>
You could turn it around and indicate that they always overrate things and that things are even worse than we thought.
Good point...if they rated junk as gold, imagine how junky their junk is?
By the way, you`re hired.
If you were the only dealer to buy them from.
<< <i>Think of the relationship between a rating and an outlook as the relationship between a curve and its derivative: the outlooks predicts what direction the rating might go. >>
1. You are smarter and more articulate than 99.99% of us.
2. I owe you an email. Check your mailbox.
<< <i>to answer the original question:
If you were the only dealer to buy them from.
Ouch!
<< <i>Think of the relationship between a rating and an outlook as the relationship between a curve and its derivative: the outlooks predicts what direction the rating might go. >>
Makes sense. Rating, where we`re at. Outlook; where we`re probably going.
We've totally sidetracked this thread. To answer the OP, I'd stop buying rare U.S. coins if, if, um ...
Oh hell, I stopped buying U.S. coins years ago. But I wouldn't stop buying rare tokens, medals, foreign stuff, and numismatical doodads unless I was locked up.
<< <i>
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt? >>
Just to be accurate, they didn't lower the rating, they lowered the outlook. There's a big difference.
Signed, Standard and Poor's Intern, Summer of 1996, Bond Surveillance Department (the most boring job on earth). >>
That is correct. They gave an unprecedented verbal warning, but we all know if they were really doing their job the US would have a CCC rating and still deserve a verbal warning. The 2W's (Washington and Wall Street) are in this mess together, they proved that in 2008 and they're fixing to prove it again.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
<< <i>
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation)
I'd be collecting alcohol, cigs and ammo instead. >>
You might want to consider learning how to make alcohol and grow tobacco.
Buying ammo is good until the government asks everyone to turn it in and for those who don`t, ten years in prison. >>
I don't think they'd want 50 million of us together in one spot for ten years.
<< <i>
<< <i>Do you know when the last time it was (before the most recent time- the other day) that Moodys or Standard and Poors lowered the rating on US debt? >>
Just to be accurate, they didn't lower the rating, they lowered the outlook. There's a big difference.
Signed, Standard and Poor's Intern, Summer of 1996, Bond Surveillance Department (the most boring job on earth). >>
If they had dared lower the outlook their closeted skeletons would have been brought out into the open by the FEDs and the company pummeled to the point where it would have to be
taken over like AIG or Fannie/Freddie. Problem solved....another GSE. To find out what a "AAA" rating really means today one has to send away to Ronco for a Commander Cody decoder ring.
roadrunner
Wow, I 5'ed the BC AP. Unfortunately, med school makes you stupid.
<< <i>
<< <i>The day I decide my money is better spent on narcotics and barely legal call girls. >>
So, Wei, how was Saturday anyway? >>
you beat me to that John
Go BIG or GO HOME. ©Bill
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation) >>
was this fueled by the thought that instead of euro there would be one monetary for lack of better word currencey on a world wide basis?
if I rememeber correctly this was a thought a few years back, or did I dream that?
edited to say now Ive read thru I guess this is a stupid question
Go BIG or GO HOME. ©Bill
<< <i>
<< <i>
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation)
I'd be collecting alcohol, cigs and ammo instead. >>
You might want to consider learning how to make alcohol and grow tobacco.
Buying ammo is good until the government asks everyone to turn it in and for those who don`t, ten years in prison. >>
I don't think they'd want 50 million of us together in one spot for ten years. >>
When a Mexican kidnapper has a gun to your head, you are out away from society, puts handcuffs on you and then says `get in the car`, you remember people saying `don`t get in the car, whatever you do......`and then you ask yourself, ok, if i resist, i get shot now, if i get in the car, i might get shot later.`
Trust me, until you are there, faced with the decision of surely being hurt now or maybe being hurt later, most people will opt for maybe getting hurt later.`
When the announcement is made to turn in your weapons, you will probably either turn them in or put them in a place where you can`t use them or keep them and be really reluctant to use them.
How many countries have collected almost all the weapons? Almost all of them.
<< <i>Under what circumstances would you stop buying rare U.S. coins? >>
When dead
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<< <i>
<< <i>
<< <i>What if you became convinced that a collapse and reorganization was going to happen within two years in the US and that we would no longer exist as the United States? (collecting US coins would be collecting coins of a deceased/former nation)
I'd be collecting alcohol, cigs and ammo instead. >>
You might want to consider learning how to make alcohol and grow tobacco.
Buying ammo is good until the government asks everyone to turn it in and for those who don`t, ten years in prison. >>
I don't think they'd want 50 million of us together in one spot for ten years. >>
When a Mexican kidnapper has a gun to your head, you are out away from society, puts handcuffs on you and then says `get in the car`, you remember people saying `don`t get in the car, whatever you do......`and then you ask yourself, ok, if i resist, i get shot now, if i get in the car, i might get shot later.`
Trust me, until you are there, faced with the decision of surely being hurt now or maybe being hurt later, most people will opt for maybe getting hurt later.`
Sorry Adrian, as you know I find your threads fun and I root for you! But there is no way in Hell americans are going to just hand over their guns. None of those others countries you speak of have citizens with our mentality. I truly believe that one reason nobody has actually stepped foot on US soil and tried to wage war is because EVERBODY is packing here.
When the announcement is made to turn in your weapons, you will probably either turn them in or put them in a place where you can`t use them or keep them and be really reluctant to use them.
How many countries have collected almost all the weapons? Almost all of them. >>
Sorry Adrian, as you know I find your threads fun and I root for you! But there is no way in Hell americans are going to just hand over their guns. None of those others countries you speak of have citizens with our mentality. I truly believe that one reason nobody has actually stepped foot on US soil and tried to wage war is because EVERBODY is packing here.`
Response: I hope you are right. I really, really do. It`s a shame the US has changed so much.
On point is the fact that the Swiss all have guns in their houses and it has been a long time since they were attacked.
Sometimes I get blinded by the bullion deals.