I collect Lincoln Cents and Jefferson Nickles, that should tell you something. lol I sold everything else to buy casino chips, years ago.
I agree, prime and key coins have held up well, even in the face of slabbing and a sliding scale where re-grading seems to make everything better with age. (artificial raising the prices for an over-graded coin)
Hard to find strikes, errors, and some LEs will hold up fine over the long run. That's natural for all collectibles.
The common "stuff" that's over priced will take a dive and some folks will take a bath, as you so aptly put it. Coins did it, but have leveled off now. Strikes have yet to have that adjustment period. Good news is that after that, we should see more stable prices.
Strikes aren't Beanies fortunatly, and the interest isn't National and inflated beyond reason. Just slightly high IMHO.
When everything levels off, dealers should be able to buy for face value, or below and collectors should be able to find things for slightly over face, in most common examples.
Strikes are not Furbys, Beanies, or Cabbage Patch Dolls. Strikes have a base value which is stronger than fad toys.
If the leveling of the SS market makes many prices drop, it might be a cold shower, rather than a total bath? At least that's the good news. I don't think anyone can expect values on most strikes to continue to climb. There just isn't enough demand or market support for that.
We can already see a few people who are trying to buy the market up and bolster prices. Remember the Hunt Bros. and Silver? They only hurt themselves in the end. That was a financial blood bath!
Maybe it's just me being silly, but I think the prices should be determined by actual buyers and sellers, supply and demand, and not some manipulation by speculators who are just raiding the hobby for profits.
Can you believe someone would admit that ""i will bid prices up weather i need the strike or not." Just because they are trying to keep prices up?
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