1929 $2.5 Indian Gold PCGS MS-65 -- Why Declining In Value ?

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Author	Replies: 7 / Views: 1,611
rum_n_cola Valued Member United States 175 Posts	Posted 07/06/2012 10:17 pm I have a 1929 $2.5 Indian Gold coin. It has been graded MS65 by PCGS. I have seen the value of my coin that was once valued over $10,000 steadily decline over the past several years. This is not a common coin in this grade, and there are very few coins graded higher, though this coin just keeps going down. My question, as I am no expert, just a collector/investor, why has the 1929 $2.5 Indian graded PCGS MS65 keep declining in value? Will it ever go back up in value. Any insight into this would be welcomed as I am perplexed over this. The PCGS list price is $7,000.00, though recent prices realized at auction(stacks, etc) is around $4,000 or less. Thanks in advance to everyone that provides some insight into this matter. Report this Post to the Staff

BH1964 Bedrock of the Community United States 10982 Posts	Posted 07/06/2012 10:54 pm Here's the last 4 years of auction history for this date in MS65. There are no auction records to support a $10k value. Only once did this date ever go over $10k and that was likely a high-end example that someone thought would upgrade. It does appear that the average auction price has dropped from the $6k-$7k range down to the $4k-$5k range over the last 5 years. I would speculate that as more pieces were certified at the gem level, the price dropped. The numismatic gold market has been down a bit lately too. May-2012 $3,881 PCGS Heritage Apr-2012 $3,738 NGC Heritage Mar-2012 $4,025 NGC Heritage Feb-2012 $5,405 PCGS Ira & Larry Goldberg Feb-2012 $4,313 PCGS Heritage Jan-2012 $4,888 PCGS Heritage Dec-2011 $4,888 NGC Heritage Dec-2011 $4,600 NGC Heritage Nov-2011 $4,025 NGC Heritage Sep-2011 $6,900 PCGS Heritage Aug-2011 $4,754 PCGS ebay Jul-2011 $5,001 PCGS ebay May-2011 $4,715 NGC Ira & Larry Goldberg Mar-2011 $4,600 NGC Heritage Jan-2011 $6,900 PCGS Heritage Jan-2011 $5,399 PCGS ebay Jan-2011 $5,319 PCGS Heritage Jan-2011 $4,889 NGC Bowers & Merena Dec-2010 $5,175 NGC Heritage Jul-2010 $4,890 NGC Heritage Jun-2010 $6,325 PCGS Heritage Jun-2010 $5,182 NGC Heritage Apr-2010 $5,175 NGC Heritage Jan-2010 $6,038 PCGS Heritage May-2009 $5,290 PCGS Ira & Larry Goldberg Feb-2009 $6,325 PCGS Heritage Oct-2008 $5,463 PCGS Stack's Jul-2008 $7,188 NGC Heritage ANA #R3154474 Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 07/06/2012 11:30 pm The 10k price could possibly be a RedBook price....... Report this Post to the Staff
D0ubl3Eagle Pillar of the Community United States 5854 Posts	Posted 07/07/2012 12:32 am Maybe more were certified at that grade level. Maybe it was a little bit over promoted. Maybe the recession. Maybe it was a combination of the factors listed and not. They are all just a guess. Report this Post to the Staff
rum_n_cola Valued Member United States 175 Posts	Posted 07/07/2012 10:17 pm Thank you for your responses, much appreciated! Report this Post to the Staff
nickelsearcher Moderator United States 15432 Posts	Posted 07/07/2012 10:26 pm Alas coins are not a good investment vehicle ... as you now know. David Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 07/07/2012 10:44 pm Economy. When its good prices go up, when its crappy they go down as people have less money to spend on coins Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 07/07/2012 11:19 pm Supply and demand is a key factor in determining prices for coins and collectibles. Coins do go through cycles as collecting interests shift. As was previously mentioned one reason could be since you bought this coin there has been an increase in the population of this date in this grade which could have been enough to satisfy whatever demand there is for it now. Unless you really need to sell it now don't worry about what the current market is for this date. As the number of TPG graded MS-65 1929-S Indians are taken off the market by collectors who intend to hold them long term the price for this date will increase once again because they will be harder to locate. Quote: Alas coins are not a good investment vehicle ... as you now know Not true at all. Buying the right coins in the right grades coins are an excellent investment. With the exception of key dates in the various series most common date circulated coins from the 1800's and 1900's are not what one would consider investment material. Typically investment grade coins are those grading MS-64 and higher though there are many exceptions to that. Ed ANA LM-3175 Report this Post to the Staff
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