Local Vs. Online Trends - Coin Community Forum

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Author	Replies: 5 / Views: 1,337
ContraJame Valued Member United States 292 Posts	Posted 03/26/2012 1:59 pm Does anyone else see a trend variance? Watching local auctions silver, classic coins, and key date coins seem to almost always bring a premium. On the other hand the more modern coins, especially those that aren't ASE's, tend to not receive any attention. Online people are much more willing to pay for the modern coins. The classic and key date stuff still sees value but I suppose people are much more on spot as to what things are worth? Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 03/26/2012 8:19 pm "The rare coins get rarer, the common coins stay common" There will always be ASE's out there, there will always be new production in response to market demand. Classic coins are in a more numismatically oriented market that the bullion ASE market is. Even with classic coins, it is the rarer dates and top condition coins that drive demand. Otherwise common classics in top condition are rare, due to their condition. When coins are bought on line, it is the lower value items that get most of the market, unless the seller has a well established reputation. This is due to the risk of buying high value coins on line that turn out to be fake. The real stars of the numismatic world almost always change hands via major public auctions. There, the big guys with the big money can afford to outbid each other for their investment portfolios, and especially at this time when other investment markets perform so poorly. The majority of the bullion guys and numismatic guys are in the lower end of the market, and that is where on line acquisition is more convenient and less risky. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/27/2012 09:03 am Quote: Does anyone else see a trend variance? Not for me since I basically only go to coin shows and/or flea markets. I stay away from ebay and on line dealers. At coin shows, seldom see anything like a trend in coins of any kind. Report this Post to the Staff
DM1975 Valued Member United States 284 Posts	Posted 03/27/2012 09:58 am I personally think most of the ASE hype is just that... hype. They are bullion and that's it. Sure, collect them, but paying $75-$100 for a slabbed unc ASE is redonkulous in my opinion. Especially all that "first strike" and "signed by" nonsense. Just a way to make money by extending out the variety to make you think you need those labels to complete a set. Report this Post to the Staff
ContraJame Valued Member United States 292 Posts	Posted 03/27/2012 11:09 am @sel_69l: I know where you're coming from. However, rarity != value. It's all about supply and demand. Locally the demand for ASE's is greater than online demand. The supply is also smaller locally than it is online. That's the trend I'm seeing, anyway. The same is true for all of the classic coins minted in Carson City. They're willing to pay full blown retail and above for coins locally. The reason I ask if anyone else is seeing these trends is because I've only been attending local auctions for three months. I don't have a big enough data set to make accurate conclusions. I see the bigger picture but that doesn't really apply from month to month or year to year even. @DM1975: I, personally, agree with what you're saying. When I see a "first strike" designation on a slab all I can think is marketing. However, you can't ignore effective marketing in the short term. I don't personally own any ASE's nor do I plan on purchasing any. However, if I know that someone online will sell me ASE's at $35 and that I have local demand for ASE's at $40 I'll gladly help to fill that void with supply. The more hobby change I make the nicer my next coin purchase can be. :D Report this Post to the Staff
w1a9c8k5 Pillar of the Community United States 1348 Posts	Posted 03/27/2012 12:27 pm Quote: I personally think most of the ASE hype is just that... hype. They are bullion and that's it. Sure, collect them, but paying $75-$100 for a slabbed unc ASE is redonkulous in my opinion. Especially all that "first strike" and "signed by" nonsense. Just a way to make money by extending out the variety to make you think you need those labels to complete a set. Couldn't agree more. I have picked up tons of ASE graded MS-69 for nearly melt just becuase they weren't 70's. I know I can sell them at an auction for a nice premium becuase collectors/bullion buyers will be a little excited about a plastic case that really only tells me that its real silver. Report this Post to the Staff
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