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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: habitrail who wrote (52425)	5/31/2002 12:00:18 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

high grade coins are unusual and not well understood it took a while to be taught by my broker also a book clarified the history of coins with data here is what I learned: first, supply is extremely low, and over time even decreases legacy family coins disappear, are lost, incredible the numbers in mintage are absurdly low as the mintgrade rises, the numbers get even lower newer years coins are passe', a joke the mintage numbers are in the high millions I own one coin where under 800 exist, a real fine Walker Half Dollar in high mintstate pre-WW2 compare that with 10-12 million Morgan Silver$ minted yearly my broker owns a Civil War Commemorative coin where only three exist he expects it will eventually pay off his $700k mortgage (just learned a highschool friend sold rare coins many years ago to buy candy bars) second, demand is more than you think and the typical customers are multi-millionaires not the usual investor types the subgroup of individuals worth $5M is rapidly growing in USA the demand is growing for all silver and gold between the Civil War and WorldWar2 this includes Barbers, Mercury Dimes, Walker Halves, maybe certain Morgans (e.g. "O" series) demand is accentuated by the sheer beauty of many designs they look stunning gorgeous, shiny the beta is not much different from mining stocks maybe it is a little higher beta but these coins I refer to are rare coins, not standard coins they must be uncirculated, proof quality, or mint state many coins in condition below uncirculated trade basically with the physical metal the demand for high quality coins is much greater historical data bears out all I claim above one coin I purchased had a price rise one week after delivery increased value was 13% I hope this helps / jim