You have to also consider the past two years have triggered a renewed interest in tangible assets as a storage of value and preserving wealth. The chaos in the financial markets during the pandemic renewed investor appetite for tangible assets like rare coins that you can see, hold, and pass on physically and privately to your heirs. Both the number of sales of rare coins and the prices paid for rarities exploded higher over the past two years industry-wide. With that higher demand, supply has dwindled and thats part of what you are seeing, and also far less of the quality graded coins I see available. As those are picked up, then its possible to even start to see the lower grades also picked up for the same reason as a store of value.
There will always be 'bargains' for those searching, but the specific ones you seem to have concentrated on have limited supply and are desired in this environment, so its just a sign of them being more snatched up in quality condition. I also agree that modern coins have more bargains available as not all collectors find them to be good longer term investments. This is because a top pop graded coin does not mean that some of the millions not yet sent in for grading due to the fees may turn up in that same or even higher condition lowering the value. Older coins at this point probably have many of the better examples found. There is also far greater supply generally of moden coins so there may be less buyers at any given moment than whats being listed allowing for some bargain buying.
There will always be 'bargains' for those searching, but the specific ones you seem to have concentrated on have limited supply and are desired in this environment, so its just a sign of them being more snatched up in quality condition. I also agree that modern coins have more bargains available as not all collectors find them to be good longer term investments. This is because a top pop graded coin does not mean that some of the millions not yet sent in for grading due to the fees may turn up in that same or even higher condition lowering the value. Older coins at this point probably have many of the better examples found. There is also far greater supply generally of moden coins so there may be less buyers at any given moment than whats being listed allowing for some bargain buying.
Edited by datadragon
09/23/2022 9:22 pm
09/23/2022 9:22 pm