| Author |
Replies: 9 / Views: 1,145 |
|
|
Valued Member
United States
206 Posts |
Poll Question
What will coin values be in a year. Coins we buy for our personal collector sets in the $1.00 to $100 range.
|
|
|
|
Moderator
 United States
16679 Posts |
I believe as most folks are losing money in traditional investments as well as inflationary concerns, I think we will see an upward trend in rare coins. The metals will also be attractive.
swcoin.ecrater.com
|
|
Pillar of the Community
United States
532 Posts |
I voted sharp down spike. Only a temp spike but you can already see the unfortunate side of the economic conditions. People selling collections to pay bills and so on introduces more into the collectors pool causing at least a small saturation.
If you have money, Your buying them. If you don't, then your the one selling them.
Metals are high already up but I see bullion going gradually upwards during the storm.
JMO
|
|
Pillar of the Community
United States
851 Posts |
Those that are selling now to pay bills are most likely selling to the wealtheir. Now the wealtheir can hold a monopoly as they collect more and more causing prices for the rest to spike. That's My Idea 
|
|
Pillar of the Community
United States
1055 Posts |
I think coins of the price range you are talking about will stay flat or slightly decrease in value. I think higher end coins 500+ to 1,000+ coins will continue to be desirable as I would see less of these coins flooding the market when joe collector goes to sell to pay the bills. Bullion is tough to tell, which is why I am sticking to Classic Gold 
|
|
Moderator
 United States
16679 Posts |
Key dates 
swcoin.ecrater.com
|
|
Pillar of the Community
United States
532 Posts |
I am on the market for a new chain cent, just 5 years ago when I was lucky enough to find one on hand prices were harsh.
Now it doesn't take much digging to find one for sale. The prices have slid into negotiation considering FMV instead of conventional book pricing. Not preaching doom and gloom, but the pulse does have a significantly different feel when making any larger purchases these days.
|
|
Moderator
 United States
16679 Posts |
Quote: I am on the market for a new chain cent, These are very cool. I love how thick they are. Go PCGS and you've got yourself a very nice investment 
swcoin.ecrater.com
|
|
Pillar of the Community
United States
2734 Posts |
Coins were one of the few things that didn't get totally hammered in value late last year. Wise investors paid attention to that.
A lot of investment money that was going elsewhere in the 'boom times' is now being spent on coins and precious metals. More coins might be being sold by distressed owners, but I think that the increase in 'investment money' being redirected to the coin market (that was previously allocated to other investments) tends to offset the increase in sales and keeps coin prices steady.
Classic key dates in particular are rare enough in MS grade to withstand a notable upturn in sales and still keep their value. Some of those coins haven't been for sale in decades! They also tend to be in 'strong hands' who had made at least some preparation for bad economic periods (and who would be very likely to hold bullion!).
$1 to $100 coins is more of a 'mixed bag' (investment wise), the most solid 'investment' would be classic coins in that price range.
|
|
Pillar of the Community
United States
1116 Posts |
Quote: I think coins of the price range you are talking about will stay flat or slightly decrease in value. I think higher end coins 500+ to 1,000+ coins will continue to be desirable as I would see less of these coins flooding the market when joe collector goes to sell to pay the bills. I agree with cownas22 post
|
| |
Replies: 9 / Views: 1,145 |
|