Recession And Coin Prices - Page 2 - Coin Community Forum

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Author	Replies: 21 / Views: 3,608	Page: of 2

jbuck Moderator United States 188440 Posts	Posted 07/25/2022 12:25 pm Quote: Maybe it's local and people just need money now, I don't know. That actually makes sense to me. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
NumisEd Pillar of the Community United States 5184 Posts	Posted 07/25/2022 12:59 pm During the Dutch Famine of 1944-1945, people tended to trade any valuable they had (coins, jewelry, silverware, etc.) for any food they could get. https://en.wikipedia.org/wiki/Dutch...E2%80%931945 I am sure the same is happening now in other parts of the world. Report this Post to the Staff
FlyingTiger Valued Member United States 152 Posts	Posted 07/25/2022 1:29 pm I recently purchased some Morgan's I was missing in the last 5 month's because I knew the prices were going up fast and high inflation was coming.In my mind I figured soon they would be out of my reach like a nice 1889-CC is now. 1878-CC 1879-CC 1880-CC 1881-CC 1882-CC 1885-CC 1888-S 1890-CC 1891-CC 1895-O And a nice 1915 $5 dollar Indian gold eagle that had to sell off 20 years ago just because. I'm thinking in the next 5 or 10 years I'll be happy I made these purchases.The wife wasn't to happy about my purchases and went on a spending spree of her own bringing up my recent coin purchases.She knew what I paid for a few of them but not the rest.Ha!Ha! Edited by FlyingTiger 07/25/2022 2:04 pm Report this Post to the Staff
panzaldi Bedrock of the Community United States 18664 Posts	Posted 07/26/2022 08:24 am if you are buying for investment buy the rarest coins in the highest grade you can afford. for the most part they are going to outshine everything else. trying to guess which, if any, common coins will increase you might as well play the lottery. Report this Post to the Staff
deadmunny Pillar of the Community United States 619 Posts	Posted 07/26/2022 7:56 pm Quote: if you are buying for investment buy the rarest coins in the highest grade you can afford. for the most part they are going to outshine everything else. trying to guess which, if any, common coins will increase you might as well play the lottery. A retired judge at our club told me the same thing. He didn't say what coin he went for but I believe he divested his entire collection for an investment specimen. Quote: The wife wasn't to happy about my purchases and went on a spending spree of her own bringing up my recent coin purchases.She knew what I paid for a few of them but not the rest.Ha!Ha! LOL I love that wicked laugh Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/26/2022 8:36 pm In the long term, (decades), the stock market has always been a better bet. Recently, prices for above average coins has shot through the roof, and so I have been temporarily discouraged from further building my collection. The upshot of this is that my collection has been increasing in value, but that is rather academic in my case because if you sell your coins, by contradiction, you cannot further build your collection So I will just sit on my hands until the market returns to being more friendly for buyers. I guess that refraining from buying makes me, in a rather obtuse sort of way, an investor. Sad. Report this Post to the Staff
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