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 Replies: 44 / Views: 6,546 |
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Pillar of the Community
Canada
2495 Posts |
Quote:
Stagnant gold and silver prices don't help the market (they actually drive the numismatic market in many ways) either as does the lack of expendable income in this country I agree. I've said repeatedly that there's no way the coin market returns to its wonderful ways, until the price of gold and silver reaches or eclipses its 2011 highs. |
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Pillar of the Community
Canada
5324 Posts |
I would not bash ICCS they are Canada's premier grader for sure but was interested in first impression.
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Pillar of the Community
Canada
2495 Posts |
john100......OK, sounds good.
I like to say that I'd rather hire an employee with a busy, messy desk than one with nothing on the desk at all.
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New Member
Canada
18 Posts |
ICCF - Is like walking into the 70s. 2 person operation (?)
serious people - dedicated to the task at hand. Being a newbie
felt unsure of myself. However.. I brought more coins for grading
and on quick review - they said don't bother and explained why.
- For me they get 5 stars -
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Pillar of the Community
Canada
5324 Posts |
That's a perfect description, as like my first visit.
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Pillar of the Community
Canada
514 Posts |
related to this subject;
I recently joined some coin groups on facebook, and I am constantly taken aghast at people listing their stuff like it's all gold;
I totally get that dealers need to make a profit to stay in business, and I will never scoff at dealer's asking prices ect.
What really needs to happen is that people in general need to understand that everything is supply & demand - sure the book suggests a given coin might be worth $25, but that doesn't mean that just anyone can get $25 (or more)... if your audience is only going to offer 30% book value, then that's all you can get.
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Pillar of the Community
Canada
2495 Posts |
Yes, I agree....
There's plenty of dealers listing their ICCS coins for full trends and sometimes more, sometimes even without a 'make an offer' choice!!
Now that is truly dreaming.
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Pillar of the Community
Canada
1192 Posts |
It always depends on the coin. Especially eye appeal.
I've sold extremely nice for grade coins at above trends. I've sold a same date/type/technical grade/TPG coin at a small fraction of trends because it had poor eye appeal.
In the end, trends is only a guide.
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Pillar of the Community
Canada
2495 Posts |
Quote:
It always depends on the coin. Especially eye appeal.
With all the generic stuff out there, at best, I'd say this happens 1 in a 100 times. Dealers when selling like to talk about 'eye appeal', but try selling to a dealer and try to get that little bit extra because of eye appeal and it won't happen. You can't have it both ways. |
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Pillar of the Community
Canada
1461 Posts |
The only benefit of eye appeal is a quicker sale. Unless you have a combination of rare variety or certain key years and someone with expendable funds that really wants it, I haven't seen a coin sell near trends in some time. Other exceptions to the trends game might be very low value ICCS graded coins <$20 where you might get full trends only because of the holder provided.
Edited by TheCoinHunter
12/24/2015 11:37 am
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Pillar of the Community
Canada
5324 Posts |
As an example, TCNC had a 1948 MS 65 dollar that was charcoal grey in their display for around a couple years, they wanted close to trends but to me and many others this coin had no eye appeal but eventually it did sell, if this was blast white it would have sold immediately.
Edited by john100
12/24/2015 12:49 pm
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Pillar of the Community
Canada
2495 Posts |
I could be wrong but last time I was at TCNC (more than a year ago), they were basically selling at 90% of trends.
Add the HST and you have a recipe for stagnant inventory.
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Pillar of the Community
Canada
4911 Posts |
a very interesting read with very good points. I am lucky I guess, I have a dealer who has paid me as high as 65% of trends. john100, I knew the coin you described right away, is this it? 181747533529Feel free to call me Will.
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Pillar of the Community
Canada
5324 Posts |
Unless it was removed from a PCGS slab, the TCNC coin was even a darker shaded version.
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Replies: 44 / Views: 6,546 |
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Posted 12/16/2015 1:12 pm
