Seasoned collectors are shifting high numismatic premium coins to other vehicles.

I am definitely seeing this more and more. And the NGC blogs are following suit. Is it a race to the numismatic bottom ? Collectors, older and younger are sizing up their collections and saying , " Why did I ever buy THAT ". Now it's a race to the bottom, the " race to shake ". Changing the 100 coin collection to a 30 coin collection. Changing that $2,000 silver coin to 1 ounce of gold and 20 ounces of silver. The game of playing hot potato with undesirable expensive coins is in full swing. Has been for years actually. Coin mistakes in this economic climate are very costly if not devastating to some. With the gold & silver markets in rattlesnake strike mode numismatic values of coins can quickly be debased into their intrinsic values. Good for some coins, dangerous for many others. Why ? Buyers will focus only on intrinsic holdings and not pay numismatics premiums. 10 MS68 ASE's will outperform CLEARLY 1 MS70 ASE. For those who are rich, fine and dandy, do what you want. For those who are overextended into a coin market that has low potential, beware. As precious metals climb , the race to shake will be on , and over before it has even started. I've been debasing or better still , UPBASING by dropping high numismatic premium coins and buying bullion for the last decade, happy I did.

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