| Author |
 Replies: 17 / Views: 3,924 |
|
Pillar of the Community
Canada
1461 Posts |
|
|
|
|
Pillar of the Community
Canada
3733 Posts |
in all fairness , you need to look at the times your auctions ended, you should have them ending when there is more people in front of their computers, usually early evening works best. there was a chart somewhere showing the best days of the week to have them end as well.
|
|
Pillar of the Community
Canada
2495 Posts |
Prices will not be going up in the next five years unless..... ...the price of gold and silver gets back to and/or exceeds the 2011 highs. ebay pre-2008 sales, coins were selling anywhere between 80% to 125% of trends. Now.....35% to 60% of trends. It's funny how some dealers are still trying to sell at 80% to 100% of trends. (dealer is in fantasyland and inventory has to be dusted every week). Edited by doubleeagle59
09/28/2016 12:50 pm
|
|
Pillar of the Community
 Canada
1461 Posts |
It's a myth that best prices for coins are realized early evenings. Especially given the mostly retired demographic of coin collectors. I've experimented with many different times of day. These ended a little early but I find around 2 in the afternoon Mon-Wed works best for coins. I was not surprised at the 67 but the 26 did surprise me a bit. I have many ICCS coins listed at 50%-70% trends with offers available and they still don't get touched. So I agree with doubleeagle, 35-60 is the range unless someone want something really bad. I find even coinsandcanada prices are now out of touch since the averages taken from ebay go to far back in time. |
|
Pillar of the Community
 Canada
5590 Posts |
I think that some varieties are overpriced in Trends and Charlton. I think that there are enough of the 67's around in that grade where buyers can pick and choose or get them in-hand at coin shows. I think that mid to high grade Vickies will continue to raise gradually, but slow. Eds are picking up, but Geos and Liz's will continue to be slow.
|
|
Pillar of the Community
Canada
2495 Posts |
A multitude of reasons why the Canadian coin market is in 'crash' mode..... 1. Economy stinks (people worker longer hours and harder for less pay (at the end of the week) 2. 2008 (Financial crisis) and 2011 (PM crash) has burned the coin collector twice (in a short span of three years!) and the collector is very hesistent about buying big-time back into the market (even at these very low prices). 3. a plethora of high end collections have been auctioned and high end collectors have fled the market 4. an ever aging collector population doesn't help (hopefully the coin hobby doesn't become the stamp hobby) 5. plenty of graded and raw coins nowadays for too few Canadian collectors (too much supply drives down prices) 6. and lastly, expenses have gone up in selling coins ( ebay fees, CRA implications). All in all, not too rosy a picture is it? This is why I have to laugh when dealers tell you they're doing great and the market is strong (maybe they have a future in Politics?). |
|
Pillar of the Community
710 Posts |
Add reason number 7:
7. Lots of estate sales bringing coins to the market with more to come.
Good list, thanks.
|
|
Pillar of the Community
Canada
1461 Posts |
Many more Canadian coins will come to market in the next 10 years as a result of number 7 with no one to assume them. The American market has gotten slightly better.
|
|
Pillar of the Community
Canada
1192 Posts |
There is a distinct bifurcation in the Canadian coin market. Common date/grade pieces are bringing less and less, whereas in demand dates and grades are doing just fine. An example on the better side of the market; I listed this key date 1893 25c ICCS VG8 coin at $240 (trends is $250) and it sold within hours of being listed. http://www.ebay.ca/itm/1893-Canada-...7529641?rd=1 |
|
Pillar of the Community
Canada
2360 Posts |
Or is this the low market time to buy.
The 1967 Dollar looks scratched on the reverse
and shows black toning/spotting. The obverse is nice.
You got the selling price for a MS-64 which is what
that coin looks like.
Sorry I don't collect 5 Cent pieces.
I am not a big seller, but mostly a buyer,
I'm finding good deals. Filling holes.
There are so many sellers.
Need young blood in the hobby, electronic
payments and the ARP will hurt collecting.
Would be nice if silver went to $100 an oz.
|
|
Pillar of the Community
Canada
2187 Posts |
I think it'll stay the same for the next five years. Eventually they'll go up, but I don't know if the in the next five years. Maybe within 10. just IMO.
|
|
Pillar of the Community
Canada
2781 Posts |
I think it could take an entire generation to bounce back.
Right now it seems many of the old school collector's heirs are cashing in. Might take the following generation, and a cashless society, before hard currency has a certain nostalgia & there is new interest / demand.
|
|
Pillar of the Community
Canada
2845 Posts |
I chose it will stay more or less the same for now. But before prices ever bounce back I think silver has to hit at least $40/oz so the bottom-end-junk surplus gets melted. Common circulated copper, nickel and steel coinage have nowhere to go but down. In general I think there's too much supply of low grade, high mintage Cdn coin for the collecting sector to continue to absorb and future interest in the hobby will be negatively impacted as cash is used less and less.
|
|
Bedrock of the Community
Australia
21788 Posts |
If they are modern NCLT mint product bought at the time of release, I dont see much upside in the long term except for a few selected issues.
At least, that is the experience with modern Australian mint product bought as new release. Such material best bought bought in the NCLT aftermarket, if that is your interest.
Perhaps a different story for really high grade circulation issues. You have to know your market for this material, and I would suggest you ask perhaps 5 or more professional coin dealers to distil an educated opinion for yourself.
|
|
Pillar of the Community
Canada
1505 Posts |
I agree with those that say the market will split in two directions. Pre- Elisabeth will probably rise at a moderate pace, while anything with QE will drop or stay at some low mutliple of face value (enough for dealer to have a margin), yet not too expensive for the average mint state collector.
It will probably be a lot like stamps, except you won't be able to buy coins in bulk below face value, for almost anything issued after the mid 50's. I doubt they will get back to 2008 asset bubble levels, a question for some of the LT collectors, was there a major correction in the 1980's and have prices risen since?
I have noticed a slight uptick in prices of pre 1950's material over the last 18 months, I was frequently able to find stuff at auction well below coins and canada averages, now they are getting closer to that level (excluding most 1937+ 1cent, 5 cent, 10 cent coins).
|
|
Pillar of the Community
Canada
617 Posts |
In the last few years we've had a population explosion in certified QEII MS-65 material. Some of this is likely due to grade creep, and some of this is likely due to more previously raw items being certified. This is bound to depress prices.
However, the difficult grades in difficult dates are holding their price, or even increasing. For example, if you bid full trends for a 1915 10 cents in MS-63 or 64, you will be the under-bidder.
|
| |
Replies: 17 / Views: 3,924 |
Posted 09/28/2016 12:49 pm
