So, do we actually want the value of these things to rise?
Entry posted by Revenant ·
A few months ago I talked to another collector who recalled a conversation where-in he and someone else agreed that, if they had tried to build their collections today, buying graded coins and not ones they “discovered” themselves, they never could have afforded to build their collections because prices have gone up so much.
I can’t help but think of that statement periodically and ask myself, “So do we really want the value / price of these things to go up?” Or, stated more usefully, “Do I?”
The answer to the first question is always “it depends” - and this is true whether I ask it of coin collectors or silver stackers - like at the r/silverbugs subreddit. People who are accumulating / building (usually younger) want prices lower (or, at least stable, no one wants to feel like they lost money really). People that are selling or looking to sell soon (usually older, possibly who viewed their collections as part of their retirement savings) tend to want prices higher or rising.
But personally, I don’t know that I care fore the idea of rising prices. I don’t know that I care if the value of my 10G set and some similar projects ever rises. Part of this is that I don’t view my collection as an investment - certainly not solely as an investment. I have a budget for “fun” / my entertainment and the coins are bought out of that. The 401K is funded completely as its own thing. I want to keep building my collection into my old age.
Yeah, I like the idea that there’s some gold / silver value in a coin and that helps provide somewhat of a floor whereby I wouldn’t have to sell the thing for 10 cents on the dollar of what I paid for it hopefully… but I’m hoping to not sell. My most important projects are things that I’m hoping to pass on to my sons upon my death. So, value at resale is something I hope to never worry about. Meanwhile, lower prices mean I get to keep collecting.
I do definitely hope I don’t take too much of a loss on some of these coins if I have to sell, but I know that I almost certainly will take some kind of small loss on them unless gold goes up meaningfully. Why? Because I’m one of the few that collects some of these as coins and doesn’t treat them mostly as bullion.
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