Coin Prices Exceeding Value Guides

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.

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.

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.

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.

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.

Can you tell the year / grade of the Morgan, and what the VAM is?

Nor do I.
I ran across this interesting comment recently in a book on economics: "Billionaires save their wealth in the form of financial assets, real estate, fine art and rare coins."
I did a double take when I saw rare coins on that list.

Well, the number of billionaires in the world increased by over 150% in the last 10 years (data from Forbes). Which means demand increased.

But the supply of rare coins rarely increases.

A surefire prescription for price increases.

All this means for myself who is rather new to collecting and saw the prices of some coins and silver right before the pandemic hit and now is that it is now time to either sell or reduce your purchases.

I would steer clear of much US coinage except some ultra-moderns (the often belittled golden dollars, copper clad nickel cents and other circulating coinage). Some world coinage looks far better --- recently bought a decent Uncirculated 1936 Canadian silver dollar for $55, mintage about 312,000. If that were a Morgan or Peace the price would be triple or more. US classic coinage is grossly overpriced (although very attractive still and deservedly so) so I would search high and low for a reasonable price.

I would say the people in the best position to sell are those who bought coins about the time from 1992 - 2007. After 2007 there were some good years but also a few when bullion prices skyrocketed.

And finally, by coins you like for what they are not their long-term term premium potential.