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How To Handle A Soft Coin Market

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thq's Avatar
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3343 Posts
 Posted 12/21/2014  09:14 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Two weeks makes for a soft market? It takes decades for the coin market to change IMO. On the up side, small branch mints, VAMs, high MS states - none of those were of much interest to collectors 50 years ago. On the downside, cleaned coins, full coin books and classic commemoratives have waned.

The only thing that affects the coin market much in the short term is bullion. If it's down it takes gold and silver collectible coins with it. Not prized rarities, but everything else. It's a good time to buy.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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 Posted 12/21/2014  09:46 am  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
Over the 2014 year, coins have been the 2nd best investment(up 10% this year), behind cars and ahead of stocks:
http://www.cnbc.com/id/102236877
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937 Posts
 Posted 12/22/2014  10:45 am  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply

Quote:
Look at the RECORD breaking prices Heritage is getting for coins over the past 6 months


This are also record breaking coins that come on the market once every 10 to 30 years. This is a VERY small part of the market and does not and cannot reflect the overasll market.


Quote:
Two weeks makes for a soft market? It takes decades for the coin market to change IMO


The market has been stale for more than two weeks. I have been tracking coins that I have needed for years and over the last few months and have noticed a decline in the quides and in the LCS. Decades? Active market trends can be measured in days or even hours.


Quote:
Over the 2014 year, coins have been the 2nd best investment(up 10% this year),


I have seen this and I cannot where they got this number but with spectacular auctions that have been held this year if the researcher weighted their research to the high end investor grade coins than I am not surprised that they got such an increase. If they weighted the research to colecter grades from say 1850 to 1950 we would be hearing different numbers. Remember that report was geared to investors not average coin collectors.

ALSO, A soft market does not mean a declining market. All it means is that it is not growing as quickly as it was recently. One needs to remember that the terms that the investment people use all have very specific meanings and it is not always what a layman would think. I even listened to one radio 'financal expert' who could not give the definition of a recession when he was asked. But then again I would bet that if one asked one hundred people how the inflation index was measured that 95 of them would give the answer for how the consumer price index is measured and not know the difference. So I give little creadance to media 'finance experts'.



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paxbrit's Avatar
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992 Posts
 Posted 12/27/2014  10:43 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
I think collectors and investors should not even be concerned about a 'soft market', it's not going to stay that way, if it even exists. It's an opportunity to get better quality for your coin budget, if nothing else.

To paraphrase a noted dealer in postage stamps, 'Valuable collections are built over decades by knowledgeable buyers spending significant sums of money.'

Unless you intend on selling in the next few months, let the decades work in your favor.
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