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 Replies: 27 / Views: 5,486 |
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Pillar of the Community
Canada
798 Posts |
Have you cut back on your coin spending because of the Coronavirus pandemic?
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Pillar of the Community
United States
7273 Posts |
I've cut back because I spent a small fortune (to me) in late February. I'll revisit my spend in a few weeks, but these weeks in March were going to be lean for me anyway.
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Rest in Peace
Canada
1360 Posts |
I think it would be more relevant to put a stop to cash sales - maybe that's the ultimate goal of this virus media scare conspiracy. Buying pristine coins from the mint is a lot less risky then coin searching though a local grocery store cash drawer.
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Valued Member
299 Posts |
No,not the virus, but I have cut back because of the sales tax epidemic.
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Pillar of the Community
United States
7001 Posts |
The question I'm asking myself is with silver closing at 14.75, should I buy more?  |
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Pillar of the Community
Canada
9153 Posts |
I have cut back on US coin because of the exchange, in the last 2 weeks it's gone from 33% to 38.5% now add what the bank fees are and you are at $1.43 for $1.00 US
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Pillar of the Community
United States
7273 Posts |
The price of silver is very tempting!
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Pillar of the Community
United States
1026 Posts |
I have a little, but mainly because I'm currently in education mode.
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Pillar of the Community
 United States
6514 Posts |
Nope. Not at all. Just hope they don't cancel the coin show I'm planning to attend in a couple of weeks.
Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 |
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Pillar of the Community
Canada
6768 Posts |
Wouldn't do it because a virus at this point.
Got a mail from the Mint, says, that the boutiques in the Ottawa and Winnipeg will be closed.
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Pillar of the Community
United States
2023 Posts |
Nope. I'd been buying more expensive things less often already, but haven't changed my spending habits because of the virus at all.
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Pillar of the Community
United States
2408 Posts |
I think the pandemic is certainly affecting a lot of people's behavior. This is not just an economic problem that the central banks can fix. Justified or not, people are scared of getting sick and dying.
Not to be an alarmist, but I'm personally taking steps to protect my cash assets right now more than anything else. When stocks, bonds, treasuries, metals and interest rates all fall at the same time I think this is cause for concern.
So yeah, I'm pretty sure NCLTs will take a beating.
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Pillar of the Community
United States
3628 Posts |
Quote:
Have you cut back on your coin spending because of the Coronavirus pandemic? Yes. The pandemic is affecting travel, permission to hold shows, crowd size restrictions, and spending priorities for many people. I have enough inventory. I need to sell it, and the cancellation of shows and lack of buyers is having a significant impact. I'm expecting significant downward pressure on many coin prices for at least the short term. I have no interest in selling at a loss in a down market, so I'll be on the sidelines for a while. On a more personal level, my wife and I are in the high risk age category, and we are taking precautions. |
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Valued Member
 United States
460 Posts |
No. I am still unable to control my impulse to buy too many coins.
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Pillar of the Community
United States
2408 Posts |
Quote:
On a more personal level, my wife and I are in the high risk age category, and we are taking precautions. Same here. Stay safe. |
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Pillar of the Community
United States
5825 Posts |
Heck, no!
I can't physically attend the Stack's & Bowers auction since it's been canceled at the Baltimore Whitman Show.
But I can sure make bids online since they are holding the auction in California.
So if I win I'll be continuing my spending ways.
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Replies: 27 / Views: 5,486 |
Posted 03/13/2020 10:07 pm
