Recession: Affect On Coin Prices

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IMO. Economy slows down, less disposable income for people to spend, then buying coins will not become a priority.
Demand for coins come down, so will the price.

It may not apply to every particular coin, but that is where we are headed, generally speaking.

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I can get on board with that reasoning. Rarities will not suffer - the market for a $10,000 coin is recession-proof - but I'm kind of hoping for a downturn in the Bust Half market.

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Rarities will not suffer - the market for a $10,000 coin is recession-proof

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The price may not drop much, but sellers may find it harder to unload those coins at the price they want. In those cases, the owners of rare coins may choose to hold their price and wait rather that slash prices to sell, unless they are desperate. And most people that own these type of coins aren't that hard up for money.

I think that rather than worry about what the future ecomomy will do, just keep going with your collecting. I am sure that many during the depression had to sell many things to make ends meet, including such collections. If you can just hold onto what you have and keep enjoying and adding to it, then the future will take care of itself.

I do not think that my collection is super valuable, but it is alot of fun for me to dabble and mess with!

John

I was just reading in The Experts Guide to Collecting and Investing in Rare Coins that collecting really got a kick start during The Great Depression. Seems that coin folders started appearing during that time, and people could sort through cents, etc to fill them for little $$$. It was something that the common folk could afford to do during that period.

I found that to be interesting, cause I always thought that it would have been the opposite.

That is a real good book, by the way, full of history.

Jim

I dont see coins high end coins as recession-proof . Reason they I think would the worst investment out there if the recession will get real bad. I have seen with it classic cars and real estate before. In the 1980 somthing in texas tons homes went down in price big time. Lots and lots peaple overpaid and owed bank more than it worth big time. The real estate market crashed.

In 1991 I was going buy an super rare 1967 corvete that was restored with 427 engine for 110000 dollars. I glad I did dont since in 1994 or 1993 the same car was worth 35000 to 45000 fair market value. In 2008 this car worth maybe 150000 to 350000 . The classic car market crashed before as same as homes did I have seen. Coins will do same thing since it things peaple dont need to buy to live on like food and household bills.

The gold market and silver market could crash like it in 1970 or 1980 something. I dont know but gold at over 900 per ounce dont make any sense to me. Look at all those years it less than 400 per ounce.

If I had 10000 to blow on an high end coin. I would buy 10000 worth half dollars from banks. Search it and dump it and keep buying more intill to get you 10000 dollars worth junk silver . I would also start cleaning 59 thru 81 copper from bank boxs since copper prices are going high like silver is. They are already selling for double face on ebay on junk 59 thru 81 copper pennys. 50 bucks face on junk pennys will sell for 100 bucks in 2008.

Chevrolet454ss

Amac44: Can you provide a link to the story or web site on the FED sending customer coins to Philly to pull out copper. That sounds interesting and I hadn't heard that.

Now, there is an article in the latest CoinAge issue about a private business in Ohio that is lobbying to get the ban on melting reversed. I think it is the same business that was written about a while back that was going through thousands of $$$ in halves and pulling the silver to melt on a large scale. The paragraph in on the last page of the price guide in the magazine.

That would be very interesting if the FED was going to all that trouble for cents, and not for silver in halves, quarters and dimes. You would think that would make more sense.