My General Observation - Precious Metals Vs Numismatic Values Fluctuation

I've noticed this too, mainly with slabbed coins. I have to think part of that is because of the numismatic protection the slab provides, plus that people just don't want to sell for a loss unless they have to. If the coin isn't slabbed (and I admit I haven't been shopping in this category too much) it feels like more a bullion piece (with all the blemishes that might come with it) and will move more in line with spot prices.

Let me answer this as a dealer. Spot prices always increase our coin prices when they go UP. When the go down we always wait to see if they are permenant. I know, not fair, but it is what it is.

A few years ago even a common 22 Peace dollar was bringing $28 to $30 in the "junk case". Now we sell them for $18 and they go begging. I noticed today that there are people on the local list that are selling their junk silver dollars for $15 and $16 dollars...in bulk, and the ads are three weeks old.

Many of my long time customers filled their albums up during "the great melt" back about 7 years ago. Now they are looking to upgrade. I have very few people shopping my junk bin for "hole fillers". Interestingly almost exactly a year ago at a large show here in Ohio, the dealers were complaining that their ms Morgans were just not selling even at $28 for a common. I see lots of dealers though that are absolutely overpriced. I know one who had cases of Morgans, and even his common 1886-P are going for $60. He told me he hasn't moved any in months. I asked him why he didn't lower his prices and basically he is just stubborning it out. Waiting for the prices to go back up. Me on the other hand, I'm buying them at $11 and selling them at $32 and am doing just fine thank you!

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I've been buying numismatics that are slabbed. The cost of submission and the chance of getting them back in a lower grade than desired are deterrents in acquiring raw examples. If I ever want to resell, there's a lot less hassle with customers deciding what it is since it's already been graded.

I just went to the CONA show in Dublin Ohio, this weekend. Prices were all over the place. I saw 22 Peace dollars with asking prices around 35 to 85 dollars...raw. Common ms mercs ( 40 to 45) for 15 to 30 dollars; also raw.
Finally I a saw a nice bullion dealer selling ms Peace dollars for $18 each, and common ms mercs for $5 each. MS silver quarters for $3 each and ms halves for $6. The havles were Kennedys with a few odd circulated WLHs thrown in. Though as I was building a tube I did find 2 ms Walkers. The woman was Chinese and didn't speak the greatest english. NOT horrible, but not fluent. She said she had not had many takers at all over the weekend. She had tubes of ASE for $340. Obviously the dealers with the real world prices were doing all the buisness. Oh, and just about everyone was eager to deal on the price.