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 Replies: 17 / Views: 2,753 |
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Bedrock of the Community
United States
10284 Posts |
Poll Question
This question may be a little hard to understand but I have been lowball bidding on certainly thousands of Exonumia and on numerous specific medals. Especially US & World Fairs & Expositions and so-called dollars over the last couple years.
Is it possible for just a few to a handful of collectors like myself could have driven prices up by heavier bidding in a years time?
It seems many medals I recall being quite a bit cheaper a year ago are now selling for double or more than what they used to. Is it my fault . . . LOL?
Of course, there are others out there who could have experienced a similar phenomena. Perhaps you got tangled up in collecting civil war tokens or Early US Comemmoratives or even Beanie Babies for that matter. Maybe this seemed to happen to you too.
Can just a few collectors bidding on similar things actually change a market in a niche? Thanks
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Pillar of the Community
United States
4212 Posts |
I've seen it happen, concerning registry material, time & time again.
As long as there's a demand, the sky's the limit. I mean, I like my 5c,
but paying 5 figures for a '64, is really pushing reality.
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Bedrock of the Community
13014 Posts |
Yes it can and does happen. How much of an impact it has depends on how scare the things in question are.
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Moderator
 United States
34397 Posts |
I agree with @basebal21.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 United States
7936 Posts |
Quote:
I have been lowball bidding ...
Is it possible for just a few to a handful of collectors like myself could have driven prices up Maybe I am missing something, but I find a non sequitir in the premise. How can lowball bidding drive prices UP? I thought the idea of LOWBALL bidding is to win something at a price BELOW what the current market price is perceived to be?  Edited by tdziemia
09/29/2019 9:47 pm
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Rest in Peace
United States
18456 Posts |
I voted for the 3rd possibility . There are probably a couple of million collectors out there world wide . I would say it's because of supply and demand .  |
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Bedrock of the Community
13014 Posts |
Quote:
There are probably a couple of million collectors out there world wide . There's far far far more than that. |
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Pillar of the Community
United States
7936 Posts |
Quote:
I would say it's because of supply and demand But I think that's what the OP is asking. He's asking if it's possible for the demand from just a few collectors in a small niche to have an effect. I would say yes, but not if they are "lowball" bidders. |
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Pillar of the Community
United States
5029 Posts |
It is certainly possible in a small niche category.
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Bedrock of the Community
United States
20753 Posts |
To many people on Earth to have large effects on that.
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Rest in Peace
United States
18456 Posts |
Quote:
There's far far far more than that. I wonder how we can find out just how many there are of the whole spectrum of Numismatics in the U.S. and world ?  |
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Moderator
United States
188052 Posts |
Quote:
Yes it can and does happen. How much of an impact it has depends on how scare the things in question are.  |
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Pillar of the Community
United States
5854 Posts |
I think so as long as the collectors have deep pockets.
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Bedrock of the Community
 United States
10284 Posts |
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Pillar of the Community
United States
6130 Posts |
It's probably too complicated of an issue for a straightforward answer, but I believe so. Probably the only area I can speak authoritatively are on Indo Sassanian coins like my avatar. Probably 90% of the time, the market is highly predictable; certain types go for $1-3 at auction, most go for about $10, and a handful regularly hit about $25. I can always tell when I am bidding against one of the few other serious bidders when a $25 bid doesn't win my target coin. In a rare few cases, I have seen coins hit $75-100 that would be $15 coins any other week. Usually once that happens I have to wait on the few serious bidders to drop back out, otherwise I'll blow my budget on 1/3 as many coins as normal. A few examples: A common coin, but with an unusually exaggerated portrait. Had at least one serious bidder against me; won this one for $56, the most I've ever paid for the type  This is a much rarer type (A transitional coin from the above to my avatar - known from just a handful of specimens) bought during a slow week without any serious competition for $6  In a more long-term sense, both shifting cultural awareness and new demographics becoming the rich and powerful has also had a significant impact on many areas. For example: - After the movie Gladiator, coins of Marcus Aurelius and Commodus surged, especially for the most high grade and choice specimens. - As India gets richer, some early rarities have come to be in great demand, particularly ancient Kushan and Gupta gold coins (Previously sold at about melt, now sell for several $$$$-$$$$$) and early (50s/60s) mint sets, previously bargain bin items, but now selling for thousands. |
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Bedrock of the Community
United States
10284 Posts |
Finn, I think you understood exactly what I intended to question in this thread.
I appreciate all the votes and responses. Yes there are a ba-zillion collectors out there but in specific areas, there might be only a small number at a given time. I actually believe daily searches and numerous bids daily (although low) on many "good buys" on my part has influenced the micro market of some medals I have interest in.
I do not only bid low-ball. On some I will bid to win but many others I have won at low bids.
The prices definately have risen and I know a few others who collect similar medals as I may also be having an effect.
Now, this could go the other way in the future. If the smaller group of bidders in our area of interest would stall in chasing down these similar items in a specific area, I do think the prices may drop somewhat over an extended period of time.
I am absolutely sure I have no effect at all in the numismatic market as a whole on the other hand.
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Replies: 17 / Views: 2,753 |
Posted 09/29/2019 5:34 pm
