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Article: "Mistakes Of 1980 Again?"

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Libertad's Avatar
Canada
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 Posted 08/31/2011  9:28 pm Show Profile   Bookmark this topic Add Libertad to your friends list Get a Link to this Message Number of Subscribers
http://www.numismaticnews.net/buzz/...f-1980-again
Mistakes of 1980 again?
Posted on August 31, 2011 by Dave Harper

Something interesting I found rummaging around the web. It has to do with cash flows with numismatics and how run-ups on rare coins disappear after bullion crashes. Hot potato everyone!
Edited by Libertad
08/31/2011 9:34 pm
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GoThunder's Avatar
United States
830 Posts
 Posted 08/31/2011  9:46 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Yeah, I'm thinking the numismatic values are not as stable as some think they are. I'm especially scare off from some more that others.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/31/2011  10:18 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Fads come an go you guys are right about that. But a rare gold or silver coin in real good condition that is, lets say 1 to 2 hundred years old or older, I think will always be viewed in high regards and hold some decent value. At Least by the remaining hardcore collectors that were in it well before it became the so called "in thing" to be investing in, an will be in it long after the economy recovers, if it ever does, and the "make a quick buck guys", have all moved on to greener fiat pastures. And even if G $ S pulls back multi hundreds, many will believe in their ability to repeat the climbs again in the future, and perhaps go beyond....
Edited by Silverhawk74
08/31/2011 10:24 pm
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 09/01/2011  9:44 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
How necessary are 32d+s quarters once you scrap the rest of the set?
Valued Member
Canada
235 Posts
 Posted 09/01/2011  9:50 pm  Show Profile   Bookmark this reply Add hopping_rabbit to your friends list Get a Link to this Reply
I agree 100% with this article. I appreciate silver as an investment but I think it the current fever is harming the hobby. I also think right now is a great time to buy key date non-PM coins as a long term investment.
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jbuck's Avatar
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189340 Posts
 Posted 09/02/2011  11:11 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very good article.

Quote:
So be cautious and plan to hold your purchases for the long term.
Not a problem.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/02/2011  6:23 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Yeah, I'm thinking the numismatic values are not as stable as some think they are.

I agree. In fact, the financial world is awash in things that fit into this description. It reminds me of all the people piling into US Treasuries as a "safe haven" after the US government debt was down-graded by S&P with a "negative watch" comment added to the downgrade. This means that they will evaluate the situation again in a year or so and could easily downgrade US debt even more at that time. This is not my idea of a safe haven.


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