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 Replies: 9 / Views: 1,081 |
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Forum Dad
 United States
24150 Posts |
 Coin Collecting Market Generally SolidBy Mark Ferguson for COIN VALUESNobody can predict the future of the coin market with absolute certainty. We're still in a 5-year-old bull market trend, which is very lengthy in terms of past coin market cycles. And as we all know, the general world-wide economic climate is dismal. Certain areas of the coin market are feeling the pinch, but overall the market still has solid support from eager buyers. As reported in the June 23 issue, collectors of average means are left with less disposable income to use for purchasing coins because they're having to struggle with much higher living costs. This reality has slowed business in some areas, but has generally not affected values in the overall coin market. Few market bubbles are apparent that could burst, taking values down. A possible exception could be in the registry market for modern coins (those struck since the 1960s). Coins graded as perfect Mint State and Proof 70 lack dealer buyback support, and the supply grows as more are graded as such, which could lead to a correction in market values for particular coins that have advanced to levels beyond ridiculousness, according to many seasoned collectors and dealers. Read Full Story | All Recent News
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Pillar of the Community
United States
5318 Posts |
$15,120 for the Lincoln in that photo? With a mintage of 3.3 Billion, I guess that means someday the world supply will inevitably run out. Buy now!  I wonder what its "value" will be in 10 years--$20,000?
Edited by KurtS
06/16/2008 12:44 pm
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Pillar of the Community
United States
2602 Posts |
Or you could buy a $25 brick of cents and find hundreds of 2003 in MS60-65 range.
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Valued Member
United States
486 Posts |
I do not appreciate modern coins NEARLY as much as older ones. The way the mint stamps out coins for collectors is rediculous. plus, any penny with a mintage of more than a billion will never be worth more than one cent in my book! -PP
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Rest in Peace
United States
5375 Posts |
Wait....why 15 thousand? Most value guides list them as up to a few hundred, but not more than that. Ridiculous
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Pillar of the Community
United States
6326 Posts |
Buy the coin ....not the slab ?........surely that applies here ! LoL
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Bedrock of the Community
United States
12437 Posts |
That is the only post-1982 cent that PCGS has grade MS70, although I have heard that the thing developed a spot, was downgraded to 69, and PCGS had to pay the difference to the owner |
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Bedrock of the Community
United States
20753 Posts |
I'm still waiting for the TPG services to go with a 1,000 point system. I want a 2008 Cent with a TPG grade of MS-999.99 |
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Valued Member
United States
96 Posts |
Well all I know is the proof set market values have dropped @ 30-40% from their high in mid-2004..at that time the 96 Prestige set had a bid of @ $550. The current grey sheet bid is $375 (5/9/08 grey sheet). The rest of the proof sets (pre-1953 excluded) have all dropped in price accordingly.
Any opinions?
Edited by fasteddie
06/19/2008 5:22 pm
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Bedrock of the Community
United States
20753 Posts |
I've been collecting coins as well as other items for well over 60 years now. Almost every hobby has come and gone to a monitary sence. What I mean is such items as baseball/football cards were not to long ago a fantastic hobby and a possible increase in values. Then companies flooded the market with way to many. That hobby flopped. Still many cards are worth something though if you can find a buyer that is. Same with stamps. Our postal department destroyed that hobby with stamps of almost everybody that ever lived. Remember the Hot Wheel/Match Box car craze. Now try to find a buyer. And then we all got fished into the Beanie Baby thing. Now seeing them sell for a dollar. Many put into boxes and put in attics for a future person to find and wonder what the ##_)%*#$ are they. I collected knives, swords, spears also. Now many places will not even allow them to be on display so ended that hobby.
I used to brag about the coin collecting thing to everyone. USED to say nothing can wreck that hobby. So the Mint heard me and now are producing massively large quantities of coins with presidents, their wives, each state, eventually all the politicians dogs and cats, all the sewer plants, etc. That should finish this hobby.
The original question! Nothing is safe except your tax payments.
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Replies: 9 / Views: 1,081 |
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Posted 06/16/2008 1:35 pm
