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 Replies: 34 / Views: 5,332 |
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Moderator
 United States
188660 Posts |
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I wanted to help local businesses but they are all closed :( Same here. Other than takeout and grocery pickup.  |
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Bedrock of the Community
United States
10038 Posts |
There are advantages to pretty much being a shut in. Since I typically do not go anywhere, and my wife is a teacher now teaching from home, I am very thankful to say I have really not been personally impacted by this virus. But I do empathize with those having hard times and pray things will get better soon for them. I think back to the stories my grandparents told me about the 1st Great Depression and am also thankful we are still much, much better off than in those days. Hopefully this will be over soon.  How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
Canada
5241 Posts |
Well, my small ebay order from Portugal arrived today, and I am almost a bit surprised. It left Portugal March 23, and for all I know it was the last plane to leave! So that completed my silly little project, which is (or was) one silver and one copper coin from each year from 1801-2000. Eventually I will do upgrades, as some of those older coins are sacred (holey). I wanted this to be a fun project, not an expensive one. Next on the agenda is to go backwards from the year 1801, but to make it more manageable I plan to get a single coin of any metal for each DECADE not for each year. Condition of the coins is not that important, as long as the date is legible. Probably I won't pursue this much until we get to "the other side" of this crisis. |
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Moderator
United States
188660 Posts |
Quote:Well, my small ebay order from Portugal arrived today... Excellent!  |
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Moderator
Canada
10458 Posts |
I have actually noticed an increase in online sales from my ebay store - I think folks will always have the itch to collect... and I am happy to move the stuff out of my basement!! Interestingly enough, most of my sales are mailed to the US - the weaker Canadian dollar has created real bargains for US collectors of Canadian coins. I have also noticed some recent auctions lately, for example, the Colonial Acres auction had very strong bidding on many items. Vest-pocket dealers will survive, brick and mortar coin shops might take a tougher hit, but most I know already have an online presence, and some of them have increased their online activity lately (e.g., Alliance Coin & Banknote with their ebay auctions, here in Ottawa). "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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Pillar of the Community
Canada
5241 Posts |
I spoke (not in person) to a coin dealer friend and we kind of figure (maybe hope) that when the stores re-open then there will be a lot of pent-up demand to buy and sell. After all, all the coins stores are in the same boat. Yes you can sell on-line, but it is very hard to buy collections from the public on-line (in other words, buy wholesale), so the on-line dealers will eventually be running out of material to sell.
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Bedrock of the Community
Australia
21788 Posts |
I have often made the point that I like to closely examine each item before deciding to buy.
That means face to face with the seller.
Actually, this is more important to a dealer than myself, because his livelyhood depends on making accurate decisions, especially regarding condition and authenticity of everything he re sells, otherwise his business is down the drain.
Like lots of small businesses, they are rally hurting at this time. Potential customers like me don't, won't, can't, or are restricted by public edict from walking through the door.
To me, it is an inconvenience that I can't be actively expanding my collection, by travelling and meeting with dealers, and attending auctions and coin shows.
Much worse for the dealers.
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Moderator
United States
188660 Posts |
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I have often made the point that I like to closely examine each item before deciding to buy. I used to be this way. It took a long time for me to make an online purchase. A couple of successful transactions with forum members helped nudge me towards giving ebay a try. Now the majority of my purchases are online. One has to adapt to the differences from in person transactions, but is it not impossible to make the shift. |
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Pillar of the Community
4628 Posts |
Our sales on Trade Me have been banned since lockdown began on March 26 and essential items only are being posted by NZ Post.
Fortunately several coins I bought around March 20th arrived 2 or 3 days into the lockdown - but then nothing, made up for it by my heavier presence here and on Numista's forum boards (Moneytane there).
Trade Me has all the auctions up and you can bid and add to watchlist, but no auctions closing or being sent until lockdown. I now have 22 coin lots on watchlist! Of course mostly Halfcrowns and Fijian coins which are my latest obsession.
The good thing is I am working and thus accumulating money to have a big coin buy up when lockdown ends!
A couple of auctioneers are finessing buy now so they can send as essential items, but their items are overpriced crap and they will eventually get found out and banned.
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Valued Member
United States
137 Posts |
Happy Easter everyone! I have recently picked up a few coins buying off ebay at a reasonable price. I noticed on some coins I was "Watching" that a couple of sellers of those have lowered their Buy It Now price some, maybe wanting to move them quicker. I totally understand and sympathize with those who have to pause for a season on buying, however this may be a good time to get some small deals from sellers wanting to move their coins. |
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Pillar of the Community
United States
2622 Posts |
I've decided to put buying on hold for the time being due to the pandemic. My only guaranteed purchased for 2020 will be my Mint Set enrollment if/when it is released. However, I am using my extra time to continue the (seemingly) never-ending process of updating my inventory and pictures. And of course spending more time on CCF.  |
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Pillar of the Community
5464 Posts |
Quote:I think I see more coins on the horizon.  I guess that's because you're getting a stimulus check, right?  Edited by USSID18
04/13/2020 2:08 pm
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Moderator
United States
188660 Posts |
Quote:
I guess that's because you're getting a stimulus check, right!  |
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Pillar of the Community
United States
3843 Posts |
Some thoughts I've been pondering;
Just curious what impacts the Coronavirus pandemic is having on the numismatic community with almost all the local coin shops closed down for the foreseeable future and with coin shows not occurring. A few of the bigger auction firms like Stacks seem to be still selling currently but who knows for how long.
I would expect that it would be much harder to sell a collection or hoard of precious metals right now especially for those not in the hobby, not knowledgeable about what they have and who rely heavily on coin shop and cash for gold type buyers. The numismatic logistics chain of buying wholesale and then selling it up the ladder and then finally to retail buyers is broken when local coin shops are shuttered. What happens now to the collections in the "estates" of the deceased? Hopefully they just don't get turned into the nearest CoinStar machine or thrown out by heirs impatient to clear up the real estate.
Are the refineries still open and if they are not what problems is that causing for those that need quick liquidity. Anyone know if the big online precious metals buyers/sellers like APMEX/Provident/etc. are still open in a time where only "essential" businesses may operate in many states.
With the shows on hold, the place where lots of dealer-to-dealer activity occurs I wonder what happens. What percentage of coin shops will be able to weather the Coronavirus pandemic and how many will have to close their doors permanently? As we spiral towards 30% unemployment will collectors have the discretionary funds to continue to collect?
Your thoughts please -- stay safe out there!
Joe
Edited by Joe2007
04/13/2020 7:13 pm
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Pillar of the Community
 United States
7942 Posts |
I can't comment on dealers, but most auction houses I follow are maintaining something close to their planned schedules. Some in Italy have delayed auctions, but most elsewhere seem to be staying on schedule, only cancelling the "floor" part of the auction, and moving to 100% online bidding for now.
FOr the narrow places I collect there is no evidence of price drops, and I am pretty sure that spring auctions have yielded record prices on certified examples of many types.
While empathizing with those CCF members whose employment has been affected, I am a little curious if anyone specifically earmarked a part of their 2020 stimulus payment (so .. we are talking U.S. members) for coins, since many of us have already received it.
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Replies: 34 / Views: 5,332 |
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Posted 04/09/2020 12:47 pm
