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 Classic US Coins

Are the old Walkers really disappearing?

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Stephen420
Valued Member


USA
402 Posts
Posted 09/08/2005  9:43 pm  Show Profile Bookmark this topic Add Stephen420 to your friends list  Get a Link to this Message

I'm getting this very "buy this coin now even if it's a little tiny eentsy weentsy bit more than I can afford" mojo about some early Walking Liberty Halves being auctioned on ebay. Is there any truth to one of the sellers's claims, that early Walkers are getting harder and harder to find? I mean, well duh, every time one is sold the populations diminishes, but noteworthy drops in pop. I went to the PCGS online price guide and, for what it's worth, they have early Walkers with lots of green arrows pointing up in PCGS's estimation of value, which makes me think maybe the population is dwindling significantly and if I can't afford it now, I really won't be able to afford it later, and then I think, this is a sickness, don't even read their stupid ads. Can anyone help?
Stephen
ANA# R-3126137
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catman
Pillar Of The Community


USA
954 Posts
Posted 09/08/2005  9:51 pm  Show Profile Bookmark this reply Add catman to your friends list  Get a Link to this Reply

Hi Stephen420

Old Walkers don't disappear they just change hands. When they start getting hard to find the price goes up and then some of the people who have them sell them off. This is an ever continuing cycle. The cog in the wheel is the people who sell them off because they need the money and dump them cheap. If you find one of these you just hit pay dirt.

The sellers on Ebay are hyping their coins. I have seen them try and convince the buying public that a 1958-D cent is a rare item. Don't belive such descriptions.

catman
Catman
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crystalk64
Pillar Of The Community


USA
3147 Posts
Posted 09/08/2005  10:51 pm  Show Profile Bookmark this reply Add crystalk64 to your friends list  Get a Link to this Reply

Good call Catman! When a collectable coin changes hands there is a GOOD chance that coin won't be back on the market for 30 to 40 years if the collector stays active and healthy. Only a very nice jump in value will bring those coins back to the market place, if then, so walkers aren't diminishing----just in hiding. Should silver prices escalate then we would probably seeing low grade silver coins get melted down again but until then there are plenty of walkers to go around! And remember, the 2005 buffalo nickel is quickly disappearing as well? Or are they too just resting away in hiding?
Terry
SILENCE MUST BE HEARD
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catman
Pillar Of The Community


USA
954 Posts
Posted 09/09/2005  12:53 am  Show Profile Bookmark this reply Add catman to your friends list  Get a Link to this Reply

In Hiding Crystalk64. I forgot about those..!

catman
Catman
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crystalk64
Pillar Of The Community


USA
3147 Posts
Posted 09/09/2005  10:31 am  Show Profile Bookmark this reply Add crystalk64 to your friends list  Get a Link to this Reply

It is a good thing we are here to take care of one another!
Terry
SILENCE MUST BE HEARD
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cladking
Valued Member


USA
461 Posts
Posted 09/09/2005  1:05 pm  Show Profile Bookmark this reply Add cladking to your friends list  Get a Link to this Reply

It's best not to think of the population dropping everytime a coin is sold. There's always both a buyer and a seller and the coin always moves to stronger hands and usually to the highest buyer. Populations do decrease about 1% per year because of fires and floods and other ravages of time. When the number of collectors who desire a coin increases it does seem as though the population decreases but in actuality it's only the available stock of coins to buy that is decreasing. The coins changing hands will usually be better protected and more likely to be back on the market in the future. When available supplies get tight enough the unsatisfied demand will push the price higher and more coins will become available.

Don't buy coins because they're "in demand" unless you want to speculate. It is never possible to accurately predict the tastes of collectors and buying coins "in demand" is often the best way to lose money since everyone is already in the market.

If you like the early walkers or if you believe they will go up and are willing to take the risk then they can be a good buy. Otherwise stick to your collections.
Time don't fly, it bounds and leaps.
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