Bad stock market = bad news for 1933 double eagle auction price?

Bad stock market = bad news for 1933 double eagle auction price?

Post by JSTONE93 » Sun, 14 Jul 2002 07:53:55



At this point they might be wishing they had sold the coin one or two years
ago.  OTOH maybe it won't make that big a difference but a few interested
parties might pull back a bit on their bids, who knows?
 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Steve Ruu » Sun, 14 Jul 2002 09:18:15



Quote:
>At this point they might be wishing they had sold the coin one or two years
>ago.  OTOH maybe it won't make that big a difference but a few interested
>parties might pull back a bit on their bids, who knows?

If this is true, maybe I should start rolling all that change in the 5
gallon bottle!  If teh market goes down enough, I might have a chance
on it after all! :)

Steve
Buy the book before the coin
don't forget to *READ* the book after you've bought it!
It doesn't do anything just sitting on the shelf

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Morgan Co » Sun, 14 Jul 2002 09:29:54


Quote:
>At this point they might be wishing they had sold the coin one or two years
>ago.  OTOH maybe it won't make that big a difference but a few interested
>parties might pull back a bit on their bids, who knows?

But what if all the big players are taking money out of the stock market to
have ready cash to buy the 1933? If a few dozen serious investors pull a few
dozen million out each in anticipation of bidding, all of the sudden everyone
gets scared by the information that big money is selling and the masses start
taking profits. Then, after the coin sells, all the big money comes back in
followed by smaller investors. Meantime, perhaps precious metals move up. I
think gold and silver are undervalued... Platinum too. ;)
I just want to know what Martha Stewart is going to do next so i can retire. ;)

I do wish you well! :-)

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Alan & Erin William » Sun, 14 Jul 2002 09:49:31


Quote:


> >At this point they might be wishing they had sold the coin one or two years
> >ago.  OTOH maybe it won't make that big a difference but a few interested
> >parties might pull back a bit on their bids, who knows?

> If this is true, maybe I should start rolling all that change in the 5
> gallon bottle!  If teh market goes down enough, I might have a chance
> on it after all! :)

I am not so silly as to waste all my hoarded change on a 1933 $20 Gold
piece.  I took a piece of masking tape today and wrapped it around my
biggest container and wrote on it in red marker "Antietam Commemorative Fund".

I'm just not sure I'll really be *able to part* with 2,000 1998
Washington Quarters for a single Half Dollar when the time comes.  ;-)

Early and Modern Commems have been an interesting spectacle on Ebay this
week.  I think the Cleveland on Monday I bought was 25% below its level
two weeks ago.

Alan
'Rollercoaster of Love'

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Alan & Erin William » Sun, 14 Jul 2002 09:52:04


Quote:

> >At this point they might be wishing they had sold the coin one or two years
> >ago.  OTOH maybe it won't make that big a difference but a few interested
> >parties might pull back a bit on their bids, who knows?

> But what if all the big players are taking money out of the stock market to
> have ready cash to buy the 1933? If a few dozen serious investors pull a few
> dozen million out each in anticipation of bidding, all of the sudden everyone
> gets scared by the information that big money is selling and the masses start
> taking profits. Then, after the coin sells, all the big money comes back in
> followed by smaller investors. Meantime, perhaps precious metals move up. I
> think gold and silver are undervalued... Platinum too. ;)
> I just want to know what Martha Stewart is going to do next so i can retire. ;)

Making Potpourri sachets for the state in the Big House?  ;-)

Alan
'window boxes require windows'

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by JSTONE93 » Sun, 14 Jul 2002 09:57:49


Quote:
>I just want to know what Martha Stewart is going to do next so i can retire.
>;)

I hear that she has dropped out of the
public spotlight for now, she cancelled
her appearances on the CBS Morning show and didn't make her usual rounds
of 4th of July parties with her rich friends
in the Hamptons this year.

Rumor is that she is laying low at her
oceanfront estate in Maine.

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by mar » Sun, 14 Jul 2002 10:52:43


Quote:

>At this point they might be wishing they had sold the coin one or two years
>ago.  

OTOH, if the bidding goes high, when the stock market finally goes back up, so
may the price of the coin next time it is auctioned.

--
mark
"the future will be a lot like now, only later."

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Dale Hallmar » Sun, 14 Jul 2002 12:00:48


Well from what I have seen in my lifetime.  And for what it is worth!!!
which may not be much!!!   The price of the 33 Saint, I really don't think,
will be affected much.  People who really can afford coins of this ilk!!!!
Really don't seem to be much affected by everyday problems like falling
stock markets, crashing economies, or disasters like world wars and other
such mudane stuff.  You and I may not can comprehend it! in the least!!! but
chump change is chump change:-))

I rember a long time ago, a one Bunker Hunt lost billions of dollars in a
somewhat :-) modest stock ploy
which he was called on by the stock commission???to pay for the margin????
:-)  After that and during the same year or soon thereafter, he broke all
records on a coin purchase of a tetradrachm (SP?). or was that a
deca-.bla-bla-something or other.

Oh well, you get the picture and someone much more ***than me about
details, will soon correct this post:-))))

Dale


Quote:

> >At this point they might be wishing they had sold the coin one or two
years
> >ago.

> OTOH, if the bidding goes high, when the stock market finally goes back
up, so
> may the price of the coin next time it is auctioned.

> --
> mark
> "the future will be a lot like now, only later."

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by SJCOHEN7 » Sun, 14 Jul 2002 22:38:49


Quote:
>Subject: Re: Bad stock market = bad news for 1933 double eagle auction price?

>Date: 7/12/02 11:00 PM Eastern Daylight Time

>Well from what I have seen in my lifetime.  And for what it is worth!!!
>which may not be much!!!   The price of the 33 Saint, I really don't think,
>will be affected much.  People who really can afford coins of this ilk!!!!
>Really don't seem to be much affected by everyday problems like falling
>stock markets, crashing economies, or disasters like world wars and other
>such mudane stuff.  You and I may not can comprehend it! in the least!!! but
>chump change is chump change:-))

>I rember a long time ago, a one Bunker Hunt lost billions of dollars in a
>somewhat :-) modest stock ploy
>which he was called on by the stock commission???to pay for the margin????
>:-)  After that and during the same year or soon thereafter, he broke all
>records on a coin purchase of a tetradrachm (SP?). or was that a
>deca-.bla-bla-something or other.

>Oh well, you get the picture and someone much more ***than me about
>details, will soon correct this post:-))))

>Dale

My two sense says you should beg, borrow, or steal to get enough money to bid
on the $20 double eagle on July 30th. Why?
Because, in my opinion, when the winner goes to sell this coin again, in two,
three, five years, he/she will be guaranteed to make a profit of well over $1
million on the transaction. Beside all the immediate publicity, this deal can
make a person famous and rich. Look at all the 1804 silver dollars, the 5 cent
liberty nickels, etc. They ALL go up in value over time. This is a unique coin.
Just get the money and BID. You won't be sorry. Steve
 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Ira Ste » Mon, 15 Jul 2002 05:42:25


SJ Cohen (Steve)  writes:

<< My two sense says you should beg, borrow, or steal to get enough money to
bid
on the $20 double eagle on July 30th. Why?
Because, in my opinion, when the winner goes to sell this coin again, in two,
three, five years, he/she will be guaranteed to make a profit of well over $1
million on the transaction. Beside all the immediate publicity, this deal can
make a person famous and rich. Look at all the 1804 silver dollars, the 5 cent
liberty nickels, etc. They ALL go up in value over time. This is a unique coin.
Just get the money and BID. You won't be sorry. Steve

 >>

Sounds like comedian Steve Martin's instructions on how to be a millionaire:

"First, get a million dollars..."

Ira

 
 
 

Bad stock market = bad news for 1933 double eagle auction price?

Post by Harv Lase » Mon, 15 Jul 2002 06:13:00



Quote:
> Sounds like comedian Steve Martin's instructions on how to be a
millionaire:

> "First, get a million dollars..."

> Ira

"If we had some ham, we could make ham and eggs.. if we had some eggs.."

Harv