GoldFinger1969

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Everything posted by GoldFinger1969

  1. In the 1960's, the only information we would get on coins would be from calling fellow collectors....going to the LCS and chewing the ear off the owner.....going to a local coin club or coin show. The internet has some bad actors, but by and large it keeps many of us engaged. I doubt I would be a serious collector without what I have learned about numismatics and gold coins and Saints/Liberty's/etc. from the internet and more seasoned pros.
  2. Some of those trends are inevitable. We can't simply go back to the days of the 1960's when you could buy Double Eagles for $75 at your LCS and coin shows were the only way to see rare coins pre-internet. Some of the problems cited above have their own solutions ("Every problem has its own solution, Mr. Arnold" -- The Wonder Years). We may not meet in person at clubs or shows or the LCS....but we converse alot online and show pictures of our wins and purchases.
  3. Some of those trends are inevitable. We can't simply go back to the days of the 1960's when you could buy Double Eagles for $75 at your LCS and coin shows were the only way to see rare coins pre-internet. Some of the problems cited above have their own solutions ("Every problem has its own solution, Mr. Arnold" -- The Wonder Years). We may not meet in person at clubs or shows or the LCS....but we converse alot online and show pictures of our wins and purchases. Commercialization and monetization and focus on $$$ ? Well, yeah, things are nice when we can harken back to a Golden Age....but whether it's baseball players or movie stars being much closer to the average American in terms of wages and compensation, that ship has sailed. $35 gold isn't coming back, either. We can't complain about grade inflation and TPG inconsistencies....AND the presence of CAC !! It's one or the other...if you worry about grade inflation or erratic grading, CAC is your best friend. I don't know if there are simply more flippers in our hobby. There are SOME -- and you see them on Ebay for sure -- but while their % has increased, I think the total number of serious collectors has been enhanced by the internet, online, HA, GC, and even Ebay (to an extent). I don't know if "shows being expensive" you mean for dealers or collectors. I find the local shows worth the time and effort...my one big show I attended (FUN 2020) was a blast as I met some online friends and had a great time. Probably cost me $750 - $1,000 before buying anything, but no complaints. Some of the complaints culled from numerous postings have merit. Some of them have SOME merit. Some of them are just personal likes or dislikes and are irrelevant, IMO. The bottom line is that if the dealer community and the online sellers/auction houses reinvest in extolling the fun and enjoyment of coins, I think the hobby can grow nicely going forward. Having trips to schools and doing other educational stuff wouldn't hurt.
  4. Roger, you never got back on that Citizen's Committee you were forced to leave a while back, right ?
  5. Gold Notes: Some interesting gold tidbits from the book.... After the 1929 Stock Market Crash and onset of The Depression, non-U.S. banks would not distribute gold coin. Only American and South African banks did so. Not a single Double Eagle from 1930-33 was released to a FRB for ordinary circulation. All the surviving coins are from the Treasuer's distribution of coins to collectors, Mint payouts for deposits, individuals going to the Cashier, etc. No gold coins of any denomination were struck from 1917-19 during WW I.
  6. Agreed.....as I understand it's not only pixel resolution -- like 1920x1080 HD -- but also things like bits or stuff like that. I've noticed that some 1920x1080's I can blow up more without getting pixelated than other pictures which also measure 1920x1080. Might have something to do with JPEG vs. PNG vs. GIF....and "raw" is always the largest file size, whatever raw is.
  7. I'm sure my astronomy club will have some lead-ins to the rendevous.
  8. What do those 2 things mean for the numismatically ignorant ?
  9. I thought I typed this but maybe not: if you have a key thread or pages of interest, download and save them on your own PC. You never know if a web glitch deletes an entire thread or a few key pages. Cut-and-paste into Word...or save as a PDF. Every 5 pages on the Roger Burdette Saints Book thread I save the comments. That thread is invaluable to me and God Forbid I go on vacation or don't come here for a while and a fight breaks out and a Moderator deletes the entire thread or locks it up. Or a web attack or whatever affects the entire thread or parts of it. If a thread is irreplaceable, save the parts you really want preserved. Don't assume it will be in cyberspace forever.
  10. I know nothing of that, I believe that since that thread is only 6 pages that there can't be 50+ deleted messages. I would venture there are that many in total, give-or-take. Maybe the same error glitch or a variant of it that I saw late last night.
  11. Median P/E's are much lower than the S&P 500 or R2000 average because of the influence of the mega-caps (which themselves are much more reasonable than their counterparts in 2000).
  12. Yeah, they came back.....some sort of web glitch last last night where some black text error message came up.
  13. You're measuring from a recent peak to a recent trough. It was $7,000 an ounce a bit over a year ago.
  14. GMO of Boston is a great value shop. They like small cap global value.
  15. There was a mania in 1999-2000 with valuations. No where near that today. Look at TSLA. I still think it might be overvalued, but does anybody still think it's going back to $25 or a market cap of $30 billion ? NFLX....everybody has it. Disney could have bought the whole company for $12 billion. Today it's 20x that amount. Never bet against America, WC.
  16. I doubt that Bridgewater's asset allocation reflects that piece. Dalio himself may have changed his views. I met Ray before he hit it big. Wish I had given him my resume.
  17. An excellent read -- but that doesn't necessarily mean it contains INVESTABLE information.
  18. Stocks aren't cheap -- but they aren't at bubble-like valuations, either. And U.S. stocks encompass some of the best companies in the world. Don't discount private property rights and the rule of law (as long as Bernie and AOC aren't in charge). If you doubt their importance, go talk to an investor in Chinese education stocks.
  19. Did you see all the $$$ coming in for NFL broadcast rights from the networks, cable companies, Amazon, Facebook, etc ? Same thing with other sports broadcast rights. Now go look at a coin infomercial at 4:30 AM. The meme/NFT/sportscard bubble is unique to the products that have widescale, TV and social media exposure. ESPN, NFLN, FoxSports, even CNBC/FBC/Bloomberg will talk about the big business of sports and ancilliary items like cards and NFTs. No such outlet for coins and money unless you are talking about the financial channels discussing the money supply. You make a good point on gambling -- RobinHood is for momentum growth investing, not for value stock investing. Coins are a value investment, if you can call them investments at all. Gold and coins are an inflation hedge. Well, BitCoin has gone up 20-fold in a few years but it didn't drag up gold or silver -- if anything, it sucked money AWAY from them. Gold and silver would probably be 20-50% higher if not for cryptocurrencies.
  20. First, thanks for coming into the forums and giving us direct answers from the company and people who should know. Not many individuals/companies will do that. Second, because you are marketing a retail product that might appeal to many beginners and newcomers to the hobby.... do you have any thoughts on if there has been a general uptick in the number of people looking to graduate to certified coins of the type that the Green Label encompasses ? Are the combination of online buying and Covid stay-at-home giving people more exposure to coins as fun things to collect and/or investments/speculations ? Are we being dragged up by the meme/NFT/sports card bubble ? Maybe spillover from online coin buyers at Ebay, Heritage, or GC ? Any thoughts appreciated. We have had many discussions on the long-term demographic viability of the U.S. Coin market and always appreciate direct feedback from those in the business 24/7.
  21. "The market can remain irrational longer than you can remain solvent" -- John Maynard Keynes
  22. I saw that, but still don't really get how it works....
  23. "As "investment", coins are a dead asset. It's what Buffet says about gold but at least gold has some utility as jewelry, a central bank reserve asset and to some, an alternate form of money as a liquid store of value. Today, the most expensive coinage also has an outsized dependency on the TPG label (plus the CAC sticker for some US coins) which doesn't mean anything to the non-collector, except for the price. Coins generate no income in the form of interest, dividends, rents or royalties. The annual yield is negative due to carrying costs. Coins have no status value to non-collectors which, in the absence of "yield", is necessary to incentivize the non-collector to hold it." Two of the most unique coins recently purchased and sold -- the 1933 Saint-Gaudens Double Eagle and the 1908-S MS67 CAC Norweb Saint -- each returned about 5% a year. So these 2 super-unique coins were purchased by the types of people (ultra-rich) who are price insensitive and for whom the expenditure won't change their lifestyle at all...and even these well-heeled "investors" only got 5% a year when even owning the S&P 500 index would have beaten that handily. You would need to buy bullion coins or numismatic coins where bullion was a good portion of the value....then have gold (or silver) skyrocket in the next few years....and then the return would be comparable to stocks. You'd have to buy LOW and sell HIGH -- either one is tough to do, to do both will make someone one-in-a-million. And you'd have to stay out of coins/the asset class for years (decades ?) so as not to lose $$$ if you sold into or at the top of another bubble. That is why I say just enjoy the damn collecting....enjoy the coins....and if you make $$$, great...if not, who cares....and if you die with them, your heirs will learn a bit about why you held 'em.