Boomers liquidate (WSJ Smart Money, May 2011)

[oly]

Read this article yesterday.

Don't get me wrong, I'm a dyed-in-the wool coins person, and I will
own a lot of old coins until the day I croak.

But when you see what's happening in other areas of possessions &
collectibles, I can't for the life of me figure out why a large
portion of the U.S. numismatic market isn't under a lot more pressure
than it is.

http://www.smartmoney.com/retirement/planning/downsizing-boomers-looking-to-sell-their-stuff-1301517395843/

And yeah, normally I look at WSJ articles as just "that much more"
propaganda.

But......

oly

[A. Nony Moose]

"oly" <oly...@aol.com> wrote in message
news:a551aab6-5236-4655...@18g2000prd.googlegroups.com...

Retiring people have been selling off their old crap since forever.
However if someone is looking to dump their MS coins off at, oh let's say, 1/8
Grey Sheet bid, please let me know.

[oly]

On May 11, 1:33 pm, "A. Nony Moose" <a...@nony.moose> wrote:
> "oly" <oly2...@aol.com> wrote in message

>
> news:a551aab6-5236-4655...@18g2000prd.googlegroups.com...
>
>
>
>
>
>
>
> > Read this article yesterday.
>
> > Don't get me wrong, I'm a dyed-in-the wool coins person, and I will
> > own a lot of old coins until the day I croak.
>
> > But when you see what's happening in other areas of possessions &
> > collectibles, I can't for the life of me figure out why a large
> > portion of the U.S. numismatic market isn't under a lot more pressure
> > than it is.
>

> >http://www.smartmoney.com/retirement/planning/downsizing-boomers-look...

>
> > And yeah, normally I look at WSJ articles as just "that much more"
> > propaganda.
>
> > But......
>
> > oly
>
> Retiring people have been selling off their old crap since forever.
> However if someone is looking to dump their MS coins off at, oh let's say, 1/8

> Grey Sheet bid, please let me know.- Hide quoted text -
>
> - Show quoted text -

Yes, but it seems the old farts are today only getting about 50% of
the already low values that they recieved prior to 2007.

And yet, people still need furniture, dishes, etc. ('tho' it may be a
bit difficult for young people to get set up in their own homes now
compared to when times were booming).

People don't need rare coins.

And hey, you yourself say you would buy with both hands at 12.5% of
current "suggested" prices.

At the extremes, that's either a reflection of a frothy rare coin
market or personal financial inability.

oly