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I got a feeling about the rare coin market
homerunhall
Posts: 2,496 ✭✭✭
Posted my weekly rare coin market report video today...
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I have a feeling about the rare coin market. There's something going on and i like it. just a feeling, not reflected so much in prices yet, just a feeling. I discuss it in more detail in this week's video.
hrh
link
I have a feeling about the rare coin market. There's something going on and i like it. just a feeling, not reflected so much in prices yet, just a feeling. I discuss it in more detail in this week's video.
hrh
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$3500 for one coin what would u buy? Just askin
EDIT: Do you have a feeling that the good stuff is going into strong hands?
AB
that is why I have accelerated my purchases of rare and quality coins
While prices are ftrm, they are not yet escalating in a manner that is
causing me to chase them price wise. I believe that his is a cautionary
word to the wise. If you really need a coin, buy it now rather then later.
Camelot
Camelot
<< <i>Could just be gas.
Ah, that explains it.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Here's a warning parable for coin collectors...
<< <i>Could just be gas.
.....or wishful thinking.
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>
<< <i>Could just be gas.
.....or wishful thinking.
You wish you had gas? Seems like an incredible waste of a wish to me!
<< <i>
<< <i>
<< <i>Could just be gas.
.....or wishful thinking.
You wish you had gas? Seems like an incredible waste of a wish to me!
I have low expectations.
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>
<< <i>
<< <i>
<< <i>Could just be gas.
.....or wishful thinking.
You wish you had gas? Seems like an incredible waste of a wish to me!
I have low expectations.
Then you are rarely disappointed!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
But what do I know? Thanks for the post!
coins as well as PMs. I believe that the next three tio four months should show
the results of this impression.Whu shouldnt we use our hard won knowledge
of coins and our contacts in an effort to protect the value of whatever wealth
we may have.It seems a smart and sensible action indeed.
Camelot
and I believe will get even stronger in demand and price. Average coins remain meh.
As for Franklins, they are cyclical and some day will shine in the sun again. But for now,
it is not to be.
Camelot
<< <i>Did Mr. Hall specifically say the Mighty , Mighty Franklin would lead the way ? >>
I was so fascinated by the visual aspect of his video that I paid scant attention to what he said.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>I hope he is right, as he usually is. >>
Are you familiar with HRH's old newsletter Inside View, published in the 1980'S?
You need to review them, and you will see that HRH made a lot of predictions at that time also. Virtually NONE panned out.
So forgive me if I am not as upbeat as you.
Camelot
Text
If i was going to tie up 100k or more for a while it would not be in coins. I have a gut feeling that i would be lucky to end up with 50k a decade later. I have been pretty active in coins for over 8 years and have made a little, but i would not be comfortable putting 100k in for investing reason. I know a lot less about other types of investments compared to the time i have in coins and feel a lot better about putting 100k into those. It would not scare me one bit to put another million in real estate but 100k in coins would. Others will feel much different.
Like everything, some will score big and the bottom 85 percent will get schooled by the smart 15 percent of coin collectors. It also helps to run in the right circles, my circle keeps ending at turn 4.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
and what is overvalued in the market place. Without there insight I might well be
lost in the forest.
Camelot
The better rare coins are doing well because the better then average man is
doing well. That's the facts man.
Camelot
There are 10 types of people in the world, those who understand binary and those who do not.
market to recover before the stock market and lead the whole economy upward but don't expect
to have the feeling we're on the verge of a real recovery until the stock market starts looking
weaker.
There's no reason the coin market can't start this increase in the near future even before the
stock market heads lower. People everywhere are looking for investment vehicles since bankers
are getting all the interest and stocks are returning very little in dividends.
One thing a little different this time is that even the numismatic market is becoming international.
This will become increasingly apparent over time.
Eventually interest rates will have to increase to keep it all in check but this is farther over the
horizon yet.
<< <i>Anyone notice that HRH's shirt resembles the design on the Doily label??? >>
I thought the same thing... maybe that's a hint at the next big PCGS news that the Doily holders are making a comeback
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>
<< <i>Anyone notice that HRH's shirt resembles the design on the Doily label??? >>
I thought the same thing... maybe that's a hint at the next big PCGS news that the Doily holders are making a comeback
I just heard the thud DRUNNER made when he hit the floor, after fainting at 'The Next Big Thing' .....LOL
Is David talking about rare coins or rare GOLD coins? There's a big difference for most of us.
As for the general market, given the lack of long term confidence with respect to the economy, I don't see how pricing can strengthen appreciably without an increase in disposible income among the general population to generate that strength.
<< <i>Anyone notice that HRH's shirt resembles the design on the Doily label??? >>
Maybe someone should suggest that he put it in the census. I wonder if David owns any coins in doily holders.
People who collect top of the line coins, seem to be doing OK and thus this
top tier of the market is very strong and expanding. The lower tier of coins
is collected by a more middle class section of the population and since they
are at present being hammered, that lower tier is flat to down. No real surprise
here. We have had a two tier market for some time but I do not believe that the
gap in strength vrs weakness, has ever been so disparate.
Camelot
There is at least one other reason for the increasing bifurcation of the market, that being that the overall market is becoming increasingly and substantially more sophisticated.
I'll cite three reasons for this. First, the internet continues to educate all of us at a rapid pace. Second, the economy continues to send all but the diehards to the sidelines or exit, which makes the remaining pool of buyers an overall more sophisticated crowd. And third, the shortage of young blood means that the average buyer keeps on getting older and smarter. (BTW, none of these trends can last forever.)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
A most perceptive analysis.
Camelot
just more of the same LIP SERVICE
Stewart
Don't know nothing about no girl though.
Camelot
fluctuate and continue to bifurcate. In all things, it is very difficult to
time ones actions. If you do win it is more by chance and luck, then
then thru intellectual perspicacity. History has shown, if one buys the
right coins, in the right condition at the right price and holds
them for an extended period of time, their collection will make
them money. Often, a lot of money. I will say, that getting all four
parameters correct, will require, money, patience, skill and experience.
Camelot
<< <i>The average coin is not doing well because the average man is not doing well.
The better rare coins are doing well because the better then average man is
doing well. That's the facts man. >>
Simple but so true
The problem is that even with a "bifucated" market, the pinnacle coins are there because of the mountain, or base, underneath. If the bottom goes, will there still be the same interest at the top?
A thought: if going one up on the competition (ie demand) drives prices, including rarities, what would happen if the competition melts - like the pun? - away in that there is nobody to go up on? Even if it takes only two bidders to drive up the price of a single lot at auction, I wonder with the possible loss of base that ultimately these two speculative bidders may begin to lose interest...
Well, just Love coins, period.
<< <i>just more of the same LIP SERVICE
Stewart >>
Lip service to what?
If you have other interpretations, tea leaf readings, scenarios or whatever, share them.