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Classic Gold Commems Price Inflection

 
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Author Previous TopicReplies: 7 / Views: 275Next Topic  
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3725 Posts
 Posted 02/20/2021  8:57 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message
After a decades long price decline on classic gold commemoratives, it looks like the prices are now inflecting with strong demand. Time will tell if this is sustainable. Anyone else noticing this trend?

Here is an example. Price history of 1922 Grant with Star $1 gold in MS-66. Quite dramatic.
Edited by jimbucks
02/21/2021 01:40 am
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4434 Posts
 Posted 02/21/2021  01:17 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I think inflation is a good reason why prices has gone up, price of gold going up also hike up price as well.

The Mercury Dimes Specialist!
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Poland
380 Posts
 Posted 02/21/2021  08:14 am  Show Profile   Check norantyki's eBay Listings Bookmark this reply Add norantyki to your friends list Get a Link to this Reply
Agreed with macmercury - people are buying up virtually all asset classes to keep out of cash. In my experience, gold bumps and inflationary periods do bring fresh blood into the hobby, some of whom stick around when the music stops.
Dealer, collector - Coins, Banknotes, Watches, Stamps, Antiquities - Norantyki.com
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 Posted 02/21/2021  5:12 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Inflation? What inflation?

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 Posted 02/22/2021  01:31 am  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
How about letting me know what the grade was on your 1926 Sesquicentennial gold 2.50 piece....Thanks
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United States
185 Posts
 Posted 02/22/2021  03:05 am  Show Profile   Bookmark this reply Add PNWType to your friends list Get a Link to this Reply
Forgive me if I'm missing something but I don't see the inflection you speak of in that example. The line continues to move downward with no hint of popping back up even into 2020, in fact it even looks like the price is dropping in an even shorter time as recent years go by
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United States
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 Posted 02/22/2021  3:51 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
looks like an all-time low to me
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 Posted 02/22/2021  4:05 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Depending on the geographical location, the chart serve as only a reference for future forecast. I know the dollar isn't buying much these days, it cost more to buy the same things I used to, like food.

I hate to own that $2.50 1926 Sesquicentennial gold piece if I had bought it at its height.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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