"hot" Coins "hot" Market

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Author	Replies: 4 / Views: 1,339
johnny676767 Pillar of the Community United States 521 Posts	Posted 02/25/2013 12:35 am In my few months as a new collector, I have often come across these terms. How does one judge a "hot" coin or market? Perhaps it's easier for the dealers and sellers out there to make this determination. As for me, I really have no idea. Should this matter? Not sure, except I may be overpaying or getting really good deals and not know it. What are your ideas about hot (or not) coins and a hot (or not) market? Report this Post to the Staff

j-win Valued Member United States 360 Posts	Posted 02/25/2013 01:24 am Usually if touching said coin leaves a scar, it goes on my hot list. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 02/25/2013 02:15 am Quote: How does one judge a "hot" coin or market? As a none dealer ebay is a good tool to use for this. Its a little hard if you dont have a somewhat of a price history for things but if you see prices across the board spike or a certain thing seller for significantly more than it used too its hot. If you dont sell coins it only matters in the sense that it would be a bad time to buy that then. If you sell its a great time to sell Report this Post to the Staff
matthewvincent Pillar of the Community United States 3486 Posts	Posted 02/28/2013 09:05 am johnny676767, A "hot" market is most often created when the general public, that is, NON collectors, become interested in a given coin. A tell-tale example is of coins which can be promoted. Example: The Mint has sold out of a particular coin. Many if not most have been bought up by promoters. Bulk submissions are sent to TPG companies and come back as a MS-69 or MS-70. These coins then appear in full-page ads in coin magazine or on the Shopping programs on television. A bad deal? You betcha! If 1000 readers/viewers/suckers pay $$$ for an example or 20 examples and expect to sell them at a profit, they will soon be disappointed. Reason: supply exceeds demand, if not today then within a few weeks or a few months. This is not to be confused with a sustainable market, one which has stood the test of time and survives. Here, the demand can and often does exceed supply. One cannot "promote" coins which exist in minute numbers. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/28/2013 1:31 pm Where I live a HOT coin is one that was sort of borrowed from the real owner. Hot coins are usually those that are popular. Lately and for a long time the 1909S VDB Cent has the top market for popularity. Same with the 1916D Mercury dime. Both are possibly the most faked, counterfeited coins on earth. They keep the Chinese busy making them so it helps their econlmy. Hot coins are rather pending on the area you live, what a dealer tells you, what the Folder/Album manufactures want you to believe. Same with books like the famous Whitman Red Book or the many others listed on the Whitman Web site. What coins are really, really HOT is sort of vague and in a way like anything else, just a guess. Report this Post to the Staff
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