One-Way Markets In Numismatics? - Coin Community Forum

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Author	Replies: 6 / Views: 1,392
Joe2007 Pillar of the Community United States 3843 Posts	Posted 12/30/2015 6:43 pm I generally define a one-way market for a collectable as where the a dealer (or seller) is happy to sell you a product for retail price but then generally does not want to buy the product back from the collector (at any price) or offers a very low price below even wholesale levels. In my limited experience I've heard that stamps are a one-way market with dealers eager to sell them but hesitant to buy them back due to the low volume that they sell and the massive inventories that they already have already amassed in the back room. I guess that some currency items may also fit the definition with much larger buy/sell spreads than more popular numismatic items. Anybody have thoughts on one-way markets and which numismatic items might fall in this category of easy to buy but very difficult to sell for a reasonable price? Joe2007 Report this Post to the Staff

Half Pillar of the Community United States 606 Posts	Posted 12/30/2015 8:09 pm Dateless coins such as buffs. Damaged coins especially when they are bundled with a decent/silver coin. Quite a bit of the modern clad stuff Used albums Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 12/30/2015 8:41 pm That happens for most, but not all NCLT coins sold ex Mint, or through their marketing agents. One noteable exception is the 2009 one ounce pure gold Ultra High Relief Double Eagle. Quite a lot were struck, but the U.S. Mint expended a huge amount of effort to produce a top quality product. They succeeded. Increased aftermarket demand was the result. If you are interested in this area of numismatics, the best tactic is to track prices in the aftermarket, and buy there instead. At least such a tactic does not necessarily preclude dealers. Edited by sel_69l 12/30/2015 8:45 pm Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5172 Posts	Posted 01/01/2016 1:27 pm Quote: Dateless coins such as buffs. Damaged coins. Quite a bit of the modern clad stuff. This, and I'll add very worn coins in general (even if identifiable), except the very few (mostly American) cases when the series has a lowball community. (Incidentally, I snipped out the "bundled" part, because I don't understand what it means.) It's funny because this (except for the "modern clad" part) is pretty much the sort of coins I collect - I love to get a low-grade example of an uncommon (or just old) type for silly low money, even if I know I'm probably not getting even that silly low money if I have to sell that. I wonder if half of my collection will be sent to the garbage dump by my heirs (if it gets that far), because they won't be getting any offers from coin dealers at all (since the coins are so ugly). That said, the situation in the OP might also just mean that practical "retail price" is much lower than what the catalogue says (if a coin, or stamp, is worth $2 but the catalogue says $5, anyone will be happy to sell it for $5, but that doesn't mean they will buy it for $3). Report this Post to the Staff
Harmonica Pillar of the Community Canada 1118 Posts	Posted 01/01/2016 1:40 pm Buddy face from the Coin Show podcast said he doesn't like selling people State Quarters. He will sell them for $0.75 and then tell the same guy 4 years later when he brings it back he wouldn't give him $0.25 for it. Report this Post to the Staff
Half Pillar of the Community United States 606 Posts	Posted 01/01/2016 1:45 pm Quote: I snipped out the "bundled" part, because I don't understand what it means. Sometimes people will put a really beat up or otherwise non collectible coin as part of a package deal with a better coin just to get rid of it and possibly get a little more money from the sale or auction. Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5172 Posts	Posted 01/01/2016 1:55 pm Quote: Sometimes people will put a really beat up or otherwise non collectible coin as part of a package deal with a better coin just to get rid of it and possibly get a little more money from the sale or auction. Oh, that. Sorry. I pretty much never do coin auctions (and all I participated in were for single coins, IIRC), and I can't recall ever buying this sort of "package deal" in any other context either (other than a bunch of fancy holders with many coins in them that I bought for the novelty and never opened). Report this Post to the Staff
	Replies: 6 / Views: 1,392

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