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Statistical Odds Of Getting A PF70 Coin

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Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 07/28/2009  1:40 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
another thing with moderns, if you happen to have the next hot thing the mint produces and its starts selling for stupid money from what I have seen you better go ahead and get rid of it because in a year or so the bottom falls out of it and you can barely give them away. When the item is hot everyone wants it when they are not nobody wants it anymore. A man that follows modern trends will go broke in no time because he will have a large sum of money in coins that he can only sell for a small fraction of what he paid. I always say if you fins something newly minted and you don't like the price they are selling for, wait a year and if you still want it you will probably like the price allot better also because it will drop more and more through time as more and more people find them or buy them at high prices and the demand drops, each time someone buys the coin the demand drops a little bit, if just about everyone that wants one buys one there is no market for them and the bottom falls out
Valued Member
markapsolon's Avatar
United States
207 Posts
 Posted 07/28/2009  11:38 pm  Show Profile   Bookmark this reply Add markapsolon to your friends list Get a Link to this Reply

Quote:
I cannot think of any classic rare coins that have lost 30-50% of their value in the past year or two.


You bet I have watched my pre-1933 gold go up and up over the last year. One of my MS63's fell a little but it is back up again. Its mintage was not that low. In my opinion I think they might be going up a little to quickly but they will hold their value in the end.
Edited by markapsolon
07/28/2009 11:38 pm
Valued Member
mowens16's Avatar
United States
120 Posts
 Posted 07/30/2009  7:40 pm  Show Profile   Bookmark this reply Add mowens16 to your friends list Get a Link to this Reply
I just finished reading a book on US proof sets and one of the comments they made was that all Proof Sets 2000 and above "should" rate out in the 68 to 70 range. Key word there is of course should.
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