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Replies: 53 / Views: 8,118 |
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Pillar of the Community
 Canada
5590 Posts |
I am a frequent ebay buyer(never a seller) and really see very little difference now from the way it way 6-7 years ago ... except dealers want more money for their common stuff. To me, I think it is almost entirely due to the "visions of sugarplums dancing in their heads" attitude that, if they get a coin certified, then it will sell. I don't like and have never trusted ANY TPG. If a dealer wants to put another $20-40 into the cost of a coin, then that's fine ... but there is no way that he should expect an $80-100 return on his TPG cost. A coin in a plastic holder is worth the same as one that is raw. I think that dealers have cut their own throats by biting off on the TPG propaganda. If you are not in a hurry to buy what you want or need, there are enough honest dealers out there who will give you a good deal. The thrill is in the HUNT, not the purchase.
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Pillar of the Community
Canada
2845 Posts |
I realize this is veering off topic, but if I were to identify a reason Canadians circulation collectors are a vanishing breed, I hold RCM largely responsible. This is the US Mint Best Sellers list. I notice their NCLT is supportive of the hobby in general and the list reminds me of Canada in an era when collectors traditionally purchased proof sets each year to compliment their existing circulated coin collection. During that period of time I think it's fair to say collectors viewed it as a natural alignment to collect both types. The sets added current interest but didn't detract from the hobby in general. http://catalog.usmint.gov/featured/...6.1463282661This is the Canadian Best Seller list. I see it as a measuring stick -- The only coin on it that has any remote resemblance to enhancing or emphasizing circulated coin collecting is the 50c roll. Are younger people who grow up with guaranteed values, fantasy figures, paint and glass applications going to become interested in collecting plain old silver, copper or nickel coins in future times to come? I wonder, seems RCM has established expectations that will discourage that from happening. http://www.mint.ca/store/buy/best-s...ns-cat200020
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Pillar of the Community
710 Posts |
To add to the points above, the Canadian coin market is small with shrinking demographics. A great time to be a buyer because there are lots of collections/estates coming onto the market. And yes, once the nice weather returns then ebay activity slows waaaaaay down. Cheers!
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Valued Member
Canada
135 Posts |
Quote: I am a low volume/hobbyist seller as well and my best advice to you would be no auctions, especially if you have a decent amount of seller feedback. Thanks for the input thrustie. I was averaging 6 sales a day 3 weeks ago...now dropped to 1 to 2 sales /day. I know some sellers who only sell their stock a couple of weeks just before Christmas. Quote:And yes, once the nice weather returns then ebay activity slows waaaaaay down. Im realizing this in the past 2 weeks. At least its not just me. Thanks Alex
Edited by upc239 05/15/2016 10:05 am
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Pillar of the Community
Australia
7096 Posts |
Quote:I realize this is veering off topic, but if I were to identify a reason Canadians circulation collectors are a vanishing breed, I hold RCM largely responsible. The Royal Australian Mint is also pumping out the "Grannybait" as well. Also the recent trend for Bullion coins being thought of as collectables isn't helping much either. Why would a new collector want an old circulation coin when they can get a brand new overpriced bullion coin with even a chunk of glass stuck to it 
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Pillar of the Community
Canada
2845 Posts |
Quote:
"Grannybait"
 I've never heard of that terminology before! I don't think that's an accurate description of NCLT buyers today though. The mint's focus of themed and gimmicky coins is geared toward younger collectors as opposed to grannies. But I wonder, does that reference linger from the days when mints selling of non-traditional NCLT was first referred to as "giftware"?
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Pillar of the Community
Australia
7096 Posts |
Quote: I've never heard of that terminology before!
It is a well known terminology in the Aussie "Coin Speak" . The RAM, RCM and now the RM are producing a plethora of pretty much irrelevant coins and are bombarding the market with them. The sheer number of different coins coming out from RAM over the last 2 years have disenchanted many of the die hard decimal collectors and they have ceased collecting these because of it.
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Pillar of the Community
Canada
2845 Posts |
Quote:
The sheer number of different coins coming out from RAM over the last 2 years have disenchanted many of the die hard decimal collectors and they have ceased collecting these because of it.
I can't possibly speak for everyone but my theory is this - in order to retain interest in ANY hobby, at a minimum some sense of regular continuation needs to be maintained. With coins especially so because considering they are typically locked away or held somewhere out of plain sight, it's all too aasy to lose focus until one day "bwaahh, not interested, I'm going to sell them all". But through buying an annual set or collecting even one denomination that's issued each year, it becomes similar to a traditional ritual. The collector is more apt to stay involved through the act of that annual buying commitment. So yes, if a mint becomes overly focused on Franklin-Mint-type NCLT and as a result loses interest from circulation collectors, I strongly agree, it's not a healthy future indicator. And by the sheer volume of NCLT listed on ebay, it's become boring to sift through it all in order to obverse the closing countdown of circulated coin auctions.
Edited by wildflowerAB 05/15/2016 4:05 pm
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Valued Member
Canada
118 Posts |
Pacificoin:
Interesting post from you. I don't know about the world view of Canadians as collectible coin buyers, but I remember back in the mid 1980's visiting Cancun. I met up with an American who was going to pay $5 for 3 silver bracelets from a street vendor. I looked at the vendor, and said: "4 dollars?" He agreed, the American thanked me, and the vendor said, "You're Canadian, aren't you." :)
I guess I'm somewhere in the middle of collectors. My ceiling is $2k for a coin, and it has to be something special for me to pay that. It's hard for me to define special, but I know it when I see it. I have a hard time paying high dollar for a beat up, hard to look at rare coin.
It's ok with me if sellers target other markets outside Canada. If and when I sell my collection, I'll offer to as many buyers as I can. I feel no obligation to sell within Canada to only Canadians, and see no reason why sellers should do that either.
I saw another post about high dollar collectors who quit after 2008. Maybe they were speculators who moved on to something else, rather than collectors for the sake of it.
I collect a few unrelated things, and the thrill of the hunt is part of it for me. It's more than getting a good deal, but also finding a coin with eye appeal that suits my taste. The tougher the hunt, the bigger the thrill of success.
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Pillar of the Community
Taiwan
606 Posts |
I would agree with those who say it depends on what you are looking for. I think Pacificoin pretty much nailed it. Another advantage I had was when I was attending auctions in Canada I would have my invoices billed for shipping to the USA and I would avoid all the taxes that Canadian collectors were subject to.
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Pillar of the Community
 Canada
5400 Posts |
Everest is certainly right about the taxation part. It gives one with US residency at least an additional 5 to 15 per cent advantage as far as price goes . That topped with a strong USD and it virtually kills any market for anything decent in Canada. Talking to a few of the bigger dealers in Vancouver over the past few weeks and had a couple of eye openers. One dealer told me he turned down a nicer lot of Canadian Decimal offered to him at 40 per cent of trends. Just no where to go with it. Second dealer said that his retail walk in is way off as far as collectors Canadian Stuff goes but his export sales and tourist sales were quite good. Must say that we are finding similar results lately. Our last GST and PST reports we filed showed that over 78 % of sales are export. This trend has been growing over the past 18 months or so.
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Moderator
 Canada
10460 Posts |
Patience is the key to selling on ebay. I have inventory on there, sometimes for a year or more, but sooner or later, a fair offer almost always comes. Given the hammer of the last MTM auction, errors are still selling strong in Canada...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
127 Posts |
I've noticed over the past couple years, a definite decline in the selling price of graded Canadian Coins, which is both good and bad in my opinion. Some may say dealers are getting killed, but from my experience, it just means dealers are obtaining coins even cheaper. My main coin dealer and I have a very good relationship, which means that virtually any graded PCGS, NGC, and ICCS coins he has in stock, I can purchase at 55 percent of trends. This has come down considerably from when I first got into the hobby so naturally I talk to him about how he's doing. He's of the opinion that although selling trends have come down, the realized profit is near the same as the cost to obtain them has also come down significantly. It's clear it's a great time to be a collector, but I don't think it's necessarily as bad as some may think to be a dealer either.
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Pillar of the Community
Canada
818 Posts |
Sounds like a buyer's market to me. I will happily keep adding to my collection.
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Valued Member
Canada
491 Posts |
 E-Bay right now for me is like watching paint dry. Good thing summer is just around the corner
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Replies: 53 / Views: 8,118 |
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