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 Replies: 21 / Views: 1,066 |
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New Member
United States
1 Posts |
How much do you feel coin values have increased far beyond value guides, specifically NGC? I am finding most ask prices are 50% and more over the guides. I am speaking of AU to MS, early to mid 20th coins, mostly on eBay. I know inflation has affected everything, but the coins seem higher, and the value services are far behind the curve. I am not buying. |
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Moderator
United States
111980 Posts |
 to the Community!
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Pillar of the Community
United States
4961 Posts |
Quote:How much do you feel coin values have increased far beyond value guides, specifically NGC? I am finding most ask prices are 50% and more over the guides. I am speaking of AU to MS, early to mid 20th coins, mostly on eBay. I know inflation has affected everything, but the coins seem higher, and the value services are far behind the curve. I am not buying. and 
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Pillar of the Community
United States
8010 Posts |
It's the marketplace--warts and all.
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Pillar of the Community
United States
5158 Posts |
I also seeing other collectibles rising in value, especially comic books.
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Pillar of the Community
United States
8775 Posts |
I find the higher end eye appealing coins (especially the earlier dates in the US series) are all running super hot right now. Partly due to diminishing supply and increased demand for quality new and fresh material in the marketplace, along with a huge influx of cash to those that already have wealth, only gives them even more money to spend on collectibles. Those well off (at least people I know), all have so much money and have been staying home or shut in, over the past year or two, has made them very cash heavy. Several of my friends confided to me they made almost 250% increases of earning in the past year while spending nothing on going out (eating, shopping, vacations, concerts, etc.)and they have done less work than they previously did, while making more over all. Not for me though, last two years were brutal on my bank account. My two best friends are in banking and tech industries and both increased their wealth by at least a seven figure amount over the past two years (working even less than normal). I imagine with well to do folks like them are spending extra on hobbies. Buying up coins has put pressure on the entire market, and with only a small number of really choice pieces out there prices are going to keep increasing.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1982, EAC Member #6202, C4, & NBS Member, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
01/26/2022 4:12 pm
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Pillar of the Community
United States
4961 Posts |
My local coin dealer says todays prices reminds him of the 1990's when value increased weekly, resulting in ever higher prices. It's great when it goes up but he has to buy high also. When the prices got to a point he didn't feel comfortable he slowed down buying before the market crested. After a few months the prices were the opposite going lower every week. He had to offer 10-20% below greysheet at the time to cover the expected lose.
There are still items like the monster box at $40 a coin that he would lose money if he sells. I'm getting the 4 coins I need for the 7070 and then going to coins from Portugal or bullion as I really believe the market will pop. Will it be today or in 6 months or in 2024, don't know but I'm going selective in what I spend my money on. Until I see a plateauing of prices.
Edited by hfjacinto
01/26/2022 4:51 pm
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Moderator
Australia
14255 Posts |
I'd file it under "COVID craziness". Perhaps the root cause was under-employed and working-from-home people, indulging their stay-at-home hobbies using the spare cash that used to go towards international holidays, but it's now just a self-reinforcing bubble.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
4227 Posts |
Very simply put .way too much money chasing too few quality
goods in almost every section of the economy .
Look at the price of quality used cars as another example .
We were offered 2 K more for our SUV 2019 than what we bought it for from the SAME
DEALER ! On his lot exactly 5 newer vehicles .
Look at houses . In our area in 2015 a nice townhouse under 275K.
In 2022 nothing under 750K .
It is not just quality coins it is most everything else as well.
Not to get political but all Liberal Western democratic countries
Way over stimulated the economy with too much cash .
Here is the result .
Edited by Pacificoin
01/26/2022 10:37 pm
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Pillar of the Community
United States
1274 Posts |
Pacificoin summed up the latest rise in market values. The trouble with those who publish current values is that they simply can not keep pace.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Bedrock of the Community
Canada
20444 Posts |
To the Forum.
A cultivated person is a citizen of the world*
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Pillar of the Community
United States
1148 Posts |
eBay ask prices have long had some doozies in there, but I agree, it seems like more listings are starting further over the guides than in the past. But the dealers in general wouldn't be doing it to the extent they are if it wasn't in some way reflective of the market.
I'm enjoying watching an AU58 Buffalo that is listed at MS64 $. The ask is literally 4X over an AU58. It makes me chuckle. Pretty coin and based on the dealer being an established seller, I doubt they would do it they didn't think there was one person willing to agree and are willing to wait to get their $.
Our local coin show is this weekend. We only get 2-3 a year here in SLC. I'm honestly not expecting to pickup much, but I am expecting to see some inflated prices vs the last one in October.
My hoard of '82s is up to 223! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 16, 1782 x 58, 1882 x 62, 1982 x 37
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Bedrock of the Community
United States
20681 Posts |
Just one of the reasons I keep away from ebay.
just carl
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Pillar of the Community
Russian Federation
614 Posts |
I am stunned looking at the prices of US gold coins. PCGS estimates them from $400. 3 years ago I bought $2.5 for $280, now according to PCGS estimates it costs $ 600. Growth by 2 times. Such wild growth is of course only for some types of coins. But I agree that the market is growing. |
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Pillar of the Community
Australia
3456 Posts |
Makes you wonder if your dollar is worth less or something.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. |
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Pillar of the Community
United States
2077 Posts |
It is only a question of time when the bubble pops. It happened in the late 80's and it will happen again.
I don't believe for a minute a majority of the country suddenly became "real collectors" during the pandemic. Most likely, the majority sat bored at home and spend their stimmy checks on eBay purchases. The moment the majority gets bored with it and moves on, these recently acquired coin collections get dumped onto the market en-masse and prices will crater.
Edited by NumisEd
01/28/2022 2:03 pm
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Replies: 21 / Views: 1,066 |
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Posted 01/26/2022 3:27 pm
