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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

Torex June 2011....5c 1965 Large Beads Attached Jewel In F

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canadian-varieties
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 Posted 01/06/2012  12:21 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
Honestly...Canadians right now are in debt up to their eyeballs...debt is at the highest level, historically speaking...

that means, no disposable income to buy coins, as most money goes to servicing the debt...

add the inflation scare driving the masses into bullion at silly levels...

and I'm shocked the coin market is holding up as well as it is...

I'm building a Victoria 50 cent collection in AU, with most pieces under $1000. I suspect I would not have been able to do that just 3-4 years ago...

Prices may drift even lower...but probably not a bad time to be buying top 10 or top 20 graded pieces at significant discount :)

I'm really looking forward to more boomers kicking the bucket and their grandkids liquidating their 40 year old collections :)...

right now, there isn't enough high quality material out there...
Edited by canadian-varieties
01/06/2012 12:24 pm
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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens



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