We've seen tremendous price appreciation for coins during the bull market of the past five years.

But with all the talk in the mainstream news about the credit crunch, a recession, possibly even a depression, or at least the most difficult of economic times facing us since the Great Depression, is there really still potential for price appreciation in the coin market?

The general sentiment of players in this market, who are both collectors and dealers, is a resounding "Yes, most definitely!"

The whole coin market may not be poised to appreciate, but in speaking regularly with coin people I have found that most who are involved in this market agree: particular areas show potential for appreciation.

The primary thinking is that we're in for another round of general economic price inflation.

Historically the coin market does very well during times of inflation. The signs are obvious that living costs are in a rising trend, beginning with our need for transportation, both personally and in shipping goods.

Even if the costs of particular goods themselves are not appreciating yet, many vendors in today's economy are adding a fuel surcharge.

Merchants can't continue to cover rising fuel costs, so price rises will have to occur throughout the economy, especially in restaurants and grocery stores, as a "food crisis" develops.

Because of the rising costs of living, some coin dealers are noticing that collectors of average means have slowed down with their purchases.

The obvious choice to make is to feed one's family, rather than plunk down a few hundred or a few thousand dollars to purchase coins. Many dealers are experiencing the effects of this choice.

The great majority of people will be maintaining their employment, though, and it is hoped their compensation will continue to rise to pay for living costs. So, many collectors will be able to continue to purchase coins, other "things" and entertainment.

Obviously the well-to-do will still have capital to put into coins. There will be some unfortunate folks who experience business or investment reversals.

But many will also be able to take advantage of new opportunities that require capital.