Will coin values decrease during the recession?

[hactonhouse 0]

I am thinking of selling part of my coin collection. Not especially valuable, maundy sets and

a few wreath crowns being of the most interest.

Is this a good time to sell or should I wait until hopefully some normality returns to the world financial markets?

Not sure if prices have risen or dropped in the last few months.

Are people still buying coins or is cash still king and buyers holding off hoping for bargains?

I have read that art auction values have dropped but not sure of the effect on coins.

The only index I have been able to locate is the PCGS 3000 coin index for rare American coins.

It shows steady rises throughout the 1980's and then in 1989 a rapid rise followed by a massive drop.

http://www.pcgs.com/coinindex/indexallgraph.chtml

Would be interested to hear whether you feel it is a buying opportunity or time to reduce.

John

[Chris Perkins 228]

I've noticed the values have gone down a bit, but not a lot. No doubt some collectors have diverted funds to other more important things now that times are potentially tougher for people and that has led to some lower auction prices.

But top grade coins will always do well and there will always be hardcore collectors with disposable incomes to spend as long as the situation doesn't go completely into meltdown!

I'm certainly selling coins well on the website at the moment, perhaps people also see them as good investment opportunities with banks and stocks rolling over like dogs at the moment. And I'd certainly be interested in offering the best prices for your Maundy sets, Wreath crowns etc. I'm very thin on stock so it would certainly help!

[scottishmoney 51]

The worst of the downturn will hit about mid to late 2009 after the full effects of all the turmoil have hit the fan and spread. Nice choice materiel that appeals to collectors that are usually not affected by market turns will continue to have firm prices, but a lot of lesser materiel will decline in value.