Heritage Auctions Has Become The Dump

I don't think things at Heritage are any worse than other auction sites. There's a lot of poorly struck and marginal coins on the market right now nearly everywhere I look. Even if prices aren't going down, the perception that is happening will keep sellers on the sideline and reduce the overall quality that's on the market. Except for the upper end, which most collectors cant touch, prices have been flat for quite a while- at least as long as I've been collecting again (3 years or so).

What's actually more frustrating is setting an alarm for midnight so you can be up for the silver dollars on Heritage's Tuesday auctions. Same number of coins as the old Sun Tues auctions packed in one night? Not working for me anymore.

According to those who were actively collecting coins on this forum during the period, the last recession was a great boom for the coin market due to high precious metal prices.

We haven't seen the follow through into metals yet, but with light sweet crude trending higher and the yield curve flattening, I suspect it's only a matter of time before the metals start another run.
We've been hooked on cheap money for way to long. It's been that way since 2001 when balloon-head Greenspan caved to prop up equity prices following the stock bubble.
Watch for the yield curve to invert over the next 6 months as we head into the next recession. Metals and commodities will rally once the realization sets in that our markets can no longer function on their own without the printing press and low interest rates.
I'm betting the fed will only raise rates 3 more times.

Metals have put in a sustainable bottom and the way I see it, the next most likely direction is up.