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Will The Poor US Economy Change The Way You Buy Coins?

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Valued Member
United States
309 Posts
 Posted 07/14/2011  11:46 am  Show Profile   Bookmark this reply Add hermanwilliams to your friends list
Agreeing with Mitch, I have been forced as well.
Pillar of the Community
United States
3283 Posts
 Posted 07/14/2011  1:02 pm  Show Profile   Bookmark this reply Add upstate to your friends list
I think there is a lot of opportunity for buyers with
people looking for cash by selling grampa's old coins.
Also the lines are long with people selling silver to be melted.
Pre '64 coins gotta get scarce eventually I would think?
I'm buying all my wife will let me
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United States
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 Posted 07/14/2011  1:27 pm  Show Profile   Bookmark this reply Add rjkingston to your friends list
Not really, only thing that keeps me from buying coins is my poor economy.... and even that isn't doing a very good job keeping me from them
Bedrock of the Community
United States
17884 Posts
 Posted 07/14/2011  2:01 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
The poor US economy hasn't affect my buying at all. Well I take that back, the decline in the value of the dollar compared to the Pound has made Conder tokens from England more expensive. Other than that my economy hasn't gotten worse so I have as much money as ever for buying coins.
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United States
511 Posts
 Posted 07/15/2011  11:28 am  Show Profile   Bookmark this reply Add 3stooges to your friends list
My income is down by half since 2009, so I'm focusing on low-cost stuff in numismatics and buying as much silver bullion as I can afford.
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United States
417 Posts
 Posted 07/15/2011  9:16 pm  Show Profile   Bookmark this reply Add ram96 to your friends list
We have increased our roll searches and a saving more coins that are collectable.
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United States
417 Posts
 Posted 07/15/2011  9:22 pm  Show Profile   Bookmark this reply Add ram96 to your friends list
We have increased our roll searches and a saving more coins that are collectable.
Pillar of the Community
1283 Posts
 Posted 07/15/2011  9:41 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list
It has only increased my buying.
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United States
5953 Posts
 Posted 07/15/2011  10:10 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list
My buying has tapered off a lot but its not the economy its the lack of local venues to buy.. I've pretty much cleaned out the local supply
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Australia
21788 Posts
 Posted 07/15/2011  10:55 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
OK to buy bullion in these times. In fact most financial advisors say that 5% of your investments should be in bullion or related.

Most of us have far more money invested in superannuation than that That being the case your investments are in shares on the stock market. That is OK, but if you consider the premise at the start of this thread, just make sure that your superannuation is invested defensively.

By that, I mean that your Fund should be into things that support the staples of life that we all depend on, for which society has a continuous demand, such as food production and distribution companies, infrastructure
etc. Unfortunately, these types of stocks are pretty boring.
Edited by sel_69l
07/15/2011 10:56 pm
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United States
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 Posted 07/18/2011  10:23 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list
Too much of my savings are still in cash, I believe now that at least 50% of my investments should be in PM's, to preserve value. The dollar will continue to lose, I'm way behind as I see it, and should be buying right now. Roll hunting just isn't cutting it lol!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Australia
21788 Posts
 Posted 07/19/2011  03:57 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
fistfulladirt: A cash investment is only OK if it returns more than the inflation rate and any taxes that have to be paid in interest earned. Fine, provided the inflation rate remains low.

The one good thing about a cash investment is that you can get out of it quickly, into other investments. In effect, it can be used a temporary parking place when changing from one investment type to another.

Currently, U.S. citizens find bullion attractive due the implied threat of high U.S. debt, and U.S. investor sentiment represents the bulk of the driving factor behind increasing bullion prices.

I think the current bargains are to be found in U.S. real estate. Prices in this category had taken a bad hit, and have not recovered.

That allows plenty of time for people like my son and daughter-in-law (who is a U.S. citizen) to come back home, take their time and buy the house of their choice outright, without a mortgage.

The amount of land that is available is finite, but there is an inexorably increasing demand on it's ownership and use.
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16679 Posts
 Posted 07/19/2011  04:50 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
It's created more buying opportunities for myself. It has also made me purchase more coins.
swcoin.ecrater.com
Valued Member
United States
104 Posts
 Posted 08/01/2011  12:54 pm  Show Profile   Bookmark this reply Add Sunny in NC to your friends list
I agree with the real estate example, consider a couple things, downsize, because a bigger house is going to become expensive to heat and cool pretty darn quick. I have a home for sale now( job transfer), and will take a hit. Hope to make it up on the other end, and downsize so my mortgage is paid in full in 15 yr or less.
second, I waited for the drop from $50 an oz. bought 5,000 of silver junk and now watch the market with the heat of a nova. LOL> I'm not sure this was smart, I think I should have bought a bit of gold too, and maybe upgraded more for numismatic value as well. ( OK, I did get a couple 1921 peace and a few nice walkers and Barber dimes, but whatever, most was junk.)
However, my thought at the time was to A. be able to go by a loaf of bread when the econ. goes big boom, and B. with a horrible economy, who's going to by the numastic value anywho? So The better coins I bought were ones I love and probably keep anyway. (I also got a 1886 Morgan that has colored beautifully and really shows of the engraving of her face and hair. I know it's no big deal, but it's so pretty).
also, I haven't been posting for a while. can't figure out how to post pictures of my coins and it lowers the fun of being on here, BUT, I read off and on and compare what I have to whats posted for fun and education.
what do you think of my reasoning, or was I clear as mud? Oh, also, another reason silver isn't keeping up with gold, they raised the margins twice that I know of. If that isn't manipulating the market, I'd like to know what is?
Valued Member
United States
266 Posts
 Posted 08/01/2011  2:38 pm  Show Profile   Bookmark this reply Add coinmap to your friends list
Not changed me at all. I collect as a hobby as well, and I enjoy doing it.
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