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Is It Just Me That Coin Prices Seem To Be Going Up And Up?

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Pillar of the Community

Australia
3831 Posts
 Posted 04/28/2012  12:35 pm Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
Not too sure if this is what you are seeing with the field that you are collecting but with most of the coins that I am looking at - I don't really see a bargain this year. Maybe time to change to a different area to collect?
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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echizento's Avatar
United States
23731 Posts
 Posted 04/28/2012  2:59 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Everything is going up. The increase in the price of gas here in the states is effecting everything else. So it would stand to reason even the price for coins are effected too.
Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 04/29/2012  12:30 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
depends what you are talking about, single high end coins? bulk? ebay?

base metal prices are high and always going up (copper, brass etc) a lot of 20th century coins are being horded and melted as scrap.

/agree on gas prices not helping anything much.

Valued Member
United States
303 Posts
 Posted 04/30/2012  11:42 pm  Show Profile   Bookmark this reply Add hc8604 to your friends list Get a Link to this Reply
Also maybe the USD is going down. People from other parts of the world can spend more money in the US since they can exchange more with their money while we get less in foreign exchange.
Pillar of the Community
MathieuMa's Avatar
France
1591 Posts
 Posted 05/01/2012  03:03 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
I agree, I'm very happy when the euro goes up (did two hits at the last ha.com auction :D )
But the dollar is not as low as it was two years ago (but it's higher than 3 monthes ago) : http://fr.finance.yahoo.com/q/bc?s=...n&z=l&q=l&c=
Maybe it's more about the general inflation, but I agree it's harder to get excellent deals than two years ago (when we were in the middle of the crisis - I suppose there were less peoples willing to spend cash on unneeded stuffs)
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 05/01/2012  03:22 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The year 2012 has now arrived. This is the year known as 'Peak oil', where the rate of discovery and exploitation of new oil fields can no longer keep up with increasing demand.

The result into the forseeable future, is that there will be a growing divergence, with increasing demand and decreasing supply.

One of the outcomes is that EVERYTHING will be more expensive.

Another result is that all petroleum based fuels, plastics, drugs, and whatever myriad else essentials, will become irreversibly increasingly scarce and expensive from 2012, going forward into the future.

Scary stuff, but unavoidable fact. It has the potential to precipitate severe worldwide social unrest.

Pillar of the Community
MathieuMa's Avatar
France
1591 Posts
 Posted 05/01/2012  04:08 am  Show Profile   Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
Peak oil is one thing, but I ear this since ages. I agree on the theory though ...
As of now, oil prices are mostly driven by demand / offer, and geopolitical instability imho.
Extraction costs are up as well, but those are not playing a big prat in the prices - for example here in france most of the price is made of taxes (please don't bash us - it's not the topic now ;) ).

Something else is happening, Asia and south america is getting wealtheir, and is willing to have what we used to have (big cars, big houses, collect stuffs ...) - and those are buying on the market now (and were not earlier)
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glarus's Avatar
United States
9 Posts
 Posted 05/01/2012  10:39 pm  Show Profile   Bookmark this reply Add glarus to your friends list Get a Link to this Reply
They are going up. I have been collecting silver coins for about a year, mostly European coins from the era when silver circulated, and they used to sell on ebay for closer to melt value. Deals are increasingly hard to find. Coins which are stamped with fineness and weight, like the 1973 Venezuela 10 Bolivares and the '47/'48 Mexican Cinco Pesos, always command a significant premium to the extent that I have neither in my collection. When silver was higher, they tended to track it more closely. For many coins, there seems to be a "floor" value of maybe $35-38 per ounce ASW.
Edited by glarus
05/01/2012 10:42 pm
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