PRICES

[petitioncrown]

Two years ago I thought the prices had reached a peak, wrong again -

What is driving prices ever higher?,

At what point will we have a cyclical downturn?,

The market is getting new collectors interested in the hobby, these people see today’s prices as a base does that mean we are in the continuing spiral upwards?

What will make the market take a reverse into lower prices?

Jeff

[coin watch]

I think the prices are basically driven by the investment market, the high grade specimens going to them which is having a knock on affect with lower grade coins going to collectors, with more collectors around the lower grade coins are also going up in value.

when it will end?, I think now that the stock market has recently improved and also if the housing market slows this might in turn shy the investors, but then again I think it is foreign investment {US,China} who are to blame.

[Hussulo]

I think the prices are basically driven by the investment market, the high grade specimens going to them which is having a knock on affect with lower grade coins going to collectors, with more collectors around the lower grade coins are also going up in value.

when it will end?, I think now that the stock market has recently improved and also if the housing market slows this might in turn shy the investors, but then again I think it is foreign investment {US,China} who are to blame.

I totally agree. With some recent coins reaching record prices, and the introduction of syndicates etc. buying these rarities as investments through companies like Nobel Inv. etc. the eyes of many new collectors/investors are being opened.

I also believe foreign buyers are also to blame. The prices of US coins is through the roof and many US collectors are turning to what they call "the darkside" i.e. collecting world coins including British. The economy in China is also booming their are many more millionaires and they are investing into or just simply collecting coins. When you push the prices of the high end coins up the lower grades will follow to some extent.

[Guest Guest]

I agree to both of you.

Guess its time for GB coin increase its value if they dont want it for high value they will not get it, for members mentioned that is a century old hobby.that seems will not affect the collector only the investor and thier pocket.

[scottishmoney]

Chinese and Russian collectors delving into other collecting interests are driving prices on their material, but also on other stuff as their collecting habits grow. I could not get over the availability of numismatic material whilst I was in China last Spring. It was possible to unload your cash for gold, commemoratives or whatever your wallet could be lightened for. The same is true in Russia. When you haven't been able to have something for so long it is tempting when you finally can collect without fear the government is going to come after you.