What is the coin market doing?

[coxspau]

I tend to agree with r9453 and 5 cent. However, the top end of the market is out of most budgets. The middle market is hard to call for both investment and collection purposes.

The bottom end, which is mostly for collection purposes continues to pull itself apart. After 5 years of gathering overpriced RAM material, I am now generating more money from postage than I am from the actual items when selling via ebay. Looking forward to being free of the nonsense and possibly dabbling in the middle range of the market or in collecting relatively less ridiculous international currencies.

[Fulvio]

It has paid good ROI in the past.

The problem with that mindset (which is very prevalent in investing circles everywhere) is that reality does not match expectations.

Is it a $1.2 million coin today? I rather doubt it.

[ausproofs]

It has paid good ROI in the past.

The problem with that mindset (which is very prevalent in investing circles everywhere) is that reality does not match expectations.

Is it a $1.2 million coin today? I rather doubt it.

43K in 2000 to 257K in 2008. I would be happy with that. Past is not a representation of future return. I said it has done well in the past

[trout]

The hammer price of $221,000 was a huge jump from $39,000 8 years previously, Probably because of the influence that the Rare coin Company had on the Market at that time.
Since the Demise of this company which caused many investors to get severely Burnt the values of investment grade coins have undergone a period of "Adjustment" due to the many Speculators that have now quit the market.
I think that this has had a trickle down effect on the what I like to call the "ordinary Market" where average to high grade collectable coins are traded amongst collectors that now no longer have to compete with speculators with ultra deep pockets.

[ausproofs]

I think you are spot on there... most of the heavy hitting buyers are now selling up. This has created a time off opportunity to collect some decent coins in high grade. Like may things it will bounce back, may be not as much as in 2010-2015.