Are Current Overall Coin Prices For Classic US Coins A Good Value Or Overpriced?

10,000 baby boomers retiring every day. They have a lot of discretionary income to buy coins.

The young gun dealers are very visible and active on Instagram.

COVID brought comfort to buy coins online and so I think many LCSs lost customers accordingly.

I think the hobby is healthy and don't see the doom you see.

When I started this thread I wasn't sure how many responses I would get. Its been healthy thus far. That being said, I dont see doom and gloom, not sure where that comment came from. But its great to see what others think on this topic.

Personally like other things. I do believe this price burst we are seeing is temporary and on average prices will go down at some point. Demand eventually wanes and money flows into other things. Thats the way markets work. Ive seen it with other collectibles and properties etc. Wether we like it or not allot of spending habits are linked to the overall economy and policy. Thats just the way things are.

You have to zig when they zag. Just my 2 cents.

Cheers

*** Edited by Staff to add Quote tags. Please use them in the future. ***

My reference to "doom" was my perception of the preceding poster's comments (seen at the end of the first page) and was not directed toward you.

I am with Steve in that I believe @fortcollins made some compelling points. Regarding LCS, my shop in town closed as the owner retired. There are still local shows within driving distance that I can go to 3 of 4 weeks in a month. Many of these dealers do not have brick and mortar shops and quite frankly are overpriced. It has not stopped my buying, just how I do it. I seek out auctions (in person and online) and have developed relationships with a few of the dealers I look to for good value (some of which are online). That said I think it depends on what part of the market you are talking about - as others have asked what constitutes classic US coins?

I certainly see the modern and ASE MS-70 craze as a bubble ready to burst.

Classic capped bust halves (which I follow closely), Morgans and gold will not continue at the same rate but I still feel will continue to trend up. Try to win a coin at a Heritage auction and you will see bids above PCGS values and that does not include the additional 20% to the auction house. Is all that money from COVID? Maybe some due to government payments and lack of goods to buy.

First let me say this is a great thread with so many philosophical statements and opinions on the topic of coin prices,inflation and coin collecting.
I myself have just recently collected a key date 1885-CC Morgan that I had concerns that by the same time next year this coin would be out of my reach.Even circulated lower dates are not cheap.So I finally found one without a lot of face chatter and clean fields.There is a little tarnish here and there but I've been hunting for months and haven't found a better one for the price I paid.
I think this is the best Morgan dollar I own and my favorite.
P.S.I wonder how many people have owned this for the last 137 years and where it's been?Would be cool to know.

The 1885-CC is really nice. I suspect that it spent most of the last 137 years in a sack at GSA.

The recent stock market drops and ongoing inflation, combined with the Fed tightening, will probably dry up the supply of excess money for collectables like coins. However, I don't think that it will result in a flood of interesting coins into the market. Auction prices for high end coins will probably flatten, but if there is price discounting it will be for common coins in common condition.

thq I bet your right because if it was in a drawer or a jewelry box for decades it would be dark on one side.And If was in an album it would probably have a darkened ring around the edges.So it must have been in a GSA bag most of its existence.Maybe it got free a few decades of so back.The reverse is clean to but recently the uploading of pictures has changed on the forum and I had a lot of trouble loading this picture.