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 Replies: 25 / Views: 3,196 |
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Moderator
 United States
16679 Posts |
I'll give you $40 for both. Fair deal :-)
swcoin.ecrater.com
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Pillar of the Community
United States
3670 Posts |
It seems the younger you get here on this board, the fewer the numbers are. Just goes to show the mentality of the younger generation (most clueless, lol), and I don't recall to many others in or around my age other than Geardaddy and Ayejay1974....
I do recall one post from a kid in college, but other than that I don't see to many, even though I mainly just post in this section at the time....
Most youth is either not knowledgeable enough, or in the financial position to invest in this most expensive hobby, even though much larger numbers are becoming aware of the value of pm's. I really can't afford to, but then I look at the economy and think I can't afford NOT to....
Lastly, my first set of coins ever was given to me by my mom's ex boyfriend from about 15 years back. It was and I still have it right here, a 1974 proof set, worth about 10 bucks today. Neat to have your birth year set. He worked for the IRS and understood the value of coins and showed me an amazing collection, that I would appreciate much more now than then. And being in my early 20's I just looked at it as a square hobby, lol. I think it took reaching a certain level of maturity before ones start thinking of the future, and the intelligence of coin collecting from many different collecting angles, be it ancient coins, pre 1964 90% silver, whatever you like and collect....
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Pillar of the Community
United States
2764 Posts |
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Yep. But that's what you guys get for being newer vs. classic editions! This is the same as comparing the Classic $20 gold vs the $20 AGE (inversely). AGE seemed to out populate and out popular the Classic - they are cheaper to get.... the general population know more and buy more of them than the Classic..... they only worth "bullion" unless at the top grade. Classic $20 gold seemed to hold their value and not so much dependent on spot price... they are rarer, in many case, especially in high grade when compare to the AGE.... the general population usually don't know and don't care about them... Regardless of Classic or Modern, they are both made of gold and are highly valuable. May be I should make a contest out of this..... humh. |
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Valued Member
United States
97 Posts |
worth $1575 today but will recover I think soon back to $1750 a piece!
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Pillar of the Community
United States
4008 Posts |
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Most youth is either not knowledgeable enough, or in the financial position to invest in this most expensive hobby, even though much larger numbers are becoming aware of the value of pm's. I really can't afford to, but then I look at the economy and think I can't afford NOT to.... It's probably a combo of the two. Older folks tend to have more money than younger ones and also have an appreciation for things of true and lasting value. We've gotten over the whiz-wham-bang part of our lives and are now looking for things of beauty and value that last... mostly so that we can pass them on to our kids at about the time when they will begin to appreciate such things. Also, there is a delayed-gratification aspect of coin / bullion collecting that not everyone appreciates. When I look at a nice silver or gold coin, I see something of not just immediate beauty and value but something that will last a long time and become more valuable with the passing of time instead of less valuable. Not that there is any guarantee of this, of course, but when compared to other things in this world, these seem to have a better chance as long-term stores of value. |
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Pillar of the Community
United States
3670 Posts |
All great points Ed, as one gets closer to the finish line, I think there is definitely a new found appreciation for many things in our lives we may have once took for granite, like a coin for example....
Also, the point about the coins being around and being appreciated long after we are all dead and gone is another fine point. Minus us selling to someone who melts it down, or passing it on to the kids who sell it to be melted, they mostly should all be around and enjoyed for many generations to come....
Think about late 1800 Morgans you all love. Not many survived in true mint condition eh. Why, they were circulated as currency, people were concerned about the here and now of a hard life then, not the distant future, and many could not fore see the future value of the coins. Today, different story, like you said Ed about gold coins durability not being important, via 24k, instead of 22k, since we treat them like our baby's, pampered and safely put away....
My point, many more great coins should survive for hundreds of years into the future now, thanks to safe handling and basic smart storage, and overall education and knowledge we have now, that we lacked back then. Not saying they were smart people 1000 years ago that new the value of a gold coin they may have owned, and hence passed it on down the generation line, with each member protecting it along its journey, but those situations would have been far and few between I would think, and more in line with royalty and the treasures they would have possessed....
Edited by Silverhawk74
05/07/2011 7:20 pm
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Pillar of the Community
United States
4008 Posts |
If we look back at history, we can find many examples of kings, dukes, princes, and popes and the gold they either had or connived to get. Silver was the coin of whatever middle class that existed back then. Typically, these were the bigger merchants, bankers, architects, barristers, military officers, and shippers. Lower on the economic spectrum were the workers, butchers, bakers, candlestick makers, dock workers, common soldiers, serving wenches, etc. who used mostly copper for their buying of things. Silver still occupies this position today, with many people of intermediate means buying and owning it but not gold. If I needed to convert a lot of cash into something of great value but small in space requirements, I would choose gold bars for that purpose. For a 6 figure investment that didn't take up my whole basement, that would work well. As it is, my investment in PMs is more modest than that, so silver fills the bill quite nicely.  |
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Rest in Peace
United States
9104 Posts |
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Think about late 1800 Morgans you all love. Not many survived in true mint condition eh. You're kidding, right? How many hundreds of thousands are slobbed, and that's not counting all the ones that make no sense to slob, because the fees are more than the coin is worth. |
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Pillar of the Community
Canada
3692 Posts |
What does your wife think of those 2 ladies? ;)
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Pillar of the Community
 United States
505 Posts |
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What does your wife think of those 2 ladies? ;) Theyre the only two that she allows me to look at...  |
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Replies: 25 / Views: 3,196 |
First Page
Posted 05/02/2011 11:57 pm
