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LTD4254's Journal

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BEWARE!!!!!!!

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LTD4254

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IS NEW METAL RISKY?

WITH THE INFLUX OF SO MANY "NEW MONEY NUMISMATISTS" TO THE HOBBY OVER THE LAST FEW YEARS (GIVE OR TAKE), I FOR ONE DO NOT SEE ANY REAL FINANCIAL GAIN OVER THE LONG TERM. BRINGING THE STATE QUARTER PROGRAM OUT FOR ENHANCEMENT OF THE HOBBY WAS A WONDERFUL IDEA, BUT THE QUARTERS THEMSELVES IN MY OPINION WILL NEVER AMOUNT TO VERY MUCH IN THE WAY OF PROFIT. ALL THIS NEW MONEY IS GENERATING A GREATER DESIRE FOR THE OLD MONEY AND I THINK YOU WILL CONTINUE TO SEE THE OLD PIECES RISE IN VALUE. ON THE BOOKS AN 1881 PROOF 62 TRADE DOLLAR IS WORTH FAR LESS THAN A 1995W SILVER EAGLE. THE SUPPLY AND DEMAND RULE IS BACKWARDS HERE AND I THINK THE PRICING FOR THESE OLDER ITEMS NEED TO BE ADJUSTED ACCORDINGLY. THE PROBLEM IS THAT THERE ARE FEWER APPEARANCES WITH THESE OLDER PIECES THAN THE NEWER ONES BECAUSE THE POP REPORTS INDICATE VERY FEW OLDER PIECES IN EXISTANCE. WITH SOME OF THE OLDER PIECES IT IS A MUCH SLOWER GROWTH PROCESS BUT IN THE LONG TERM THE OLD METAL WILL FINANCIALLY INCREASE IN VALUE AND OUTWEIGH THE NEW METAL BY LEAPS AND BOUNDS. I WOULDN'T BET ON NEW METAL!!!

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