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Bull Market In Coins Three Years Running...

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Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 04/06/2005  12:16 am Show Profile   Bookmark this topic Add Mike to your friends list Get a Link to this Message Number of Subscribers
How long do you folks think the run will continue or end and why?
Mike
Pillar of the Community
SFDukie's Avatar
United States
980 Posts
 Posted 04/06/2005  01:03 am  Show Profile   Bookmark this reply Add SFDukie to your friends list Get a Link to this Reply
Realize I''m a newby and don''t have the benefit of a good longitudinal view.
However, it seems that several factors are driving the market- which include-
-Aging of Baby boom generation- as they are middle aged and beyond many who dabbled or collected in their youth are returning in a more serious manner as they have more time and money for hobbies as their children leave home, they reach retirement or peak earning years, etc
-State quarter program has kindled all sorts of interest in young and old
-ebay, etc enable folks to view and think about coins on a whim 24/7
-slabbed coins make folks more comfotable with sight unseen purchases
-lots of other stuff ;)
-Coin market seems to go in phases of interest/retreat.
So, I'd guess it will continue for awhile, at least, as more boomers return, more folks get comfortable with online shopping (if shady prctices don't kill interest of the unwary/naive), then peak and retreat abit as sq program ends and boomers get too old to see, even with loupes ;
Market has increased so much in the last several years that a correction will come as folks get priced out of certain markets and sets, in my guestimation. A wild card is what precious metals do, of course- two ways to look at that. ND has a nice analysis of why gold may retreat on the board, but as China and India get wealtheir (both are countires where lots of folks like to own gold, historically- in India as jewelry) that may offset some of the forces ND discusses re strength of the US dollar.
Don

So this is my longwinded way of guessing another 4 or so years.
Edited by SFDukie
04/06/2005 01:05 am
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ageka's Avatar
Belgium
2078 Posts
 Posted 04/06/2005  3:47 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
quote:
Originally posted by Mike

How long do you folks think the run will continue or end and why?
Mike



The run has only started in dollars and is virtually non existent in any other currency
The start in other currencies is predicted for 2007 which means it will sky rocket in dollars
Provided we have an inflationary environment which is still contested
a bit of luck will get us another 5-10 years
Pillar of the Community
United States
2724 Posts
 Posted 04/06/2005  7:42 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
I see a major correction across most of the board coming very soon. (next 18 months). A lot of coins especially the modern high grades are going to come crashing around the feet of many collectors and investors.
The main stays such as Morgans, Peace, Lincolns, and Walkers will see a few issues drop but will keep their steady hold on the market. I think that type coins will see a nice small drop and then people will realize that they missed the boat on these.
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