Coin Prices Exceeding Value Guides

to the Community!

It's the marketplace--warts and all.

I find the higher end eye appealing coins (especially the earlier dates in the US series) are all running super hot right now. Partly due to diminishing supply and increased demand for quality new and fresh material in the marketplace, along with a huge influx of cash to those that already have wealth, only gives them even more money to spend on collectibles.

Those well off (at least people I know), all have so much money and have been staying home or shut in, over the past year or two, has made them very cash heavy. Several of my friends confided to me they made almost 250% increases of earning in the past year while spending nothing on going out (eating, shopping, vacations, concerts, etc.)and they have done less work than they previously did, while making more over all.

Not for me though, last two years were brutal on my bank account. My two best friends are in banking and tech industries and both increased their wealth by at least a seven figure amount over the past two years (working even less than normal). I imagine with well to do folks like them are spending extra on hobbies.

Buying up coins has put pressure on the entire market, and with only a small number of really choice pieces out there prices are going to keep increasing.

I'd file it under "COVID craziness". Perhaps the root cause was under-employed and working-from-home people, indulging their stay-at-home hobbies using the spare cash that used to go towards international holidays, but it's now just a self-reinforcing bubble.

Pacificoin summed up the latest rise in market values. The trouble with those who publish current values is that they simply can not keep pace.

ebay ask prices have long had some doozies in there, but I agree, it seems like more listings are starting further over the guides than in the past. But the dealers in general wouldn't be doing it to the extent they are if it wasn't in some way reflective of the market.

I'm enjoying watching an AU58 Buffalo that is listed at MS64 $. The ask is literally 4X over an AU58. It makes me chuckle. Pretty coin and based on the dealer being an established seller, I doubt they would do it they didn't think there was one person willing to agree and are willing to wait to get their $.

Our local coin show is this weekend. We only get 2-3 a year here in SLC. I'm honestly not expecting to pickup much, but I am expecting to see some inflated prices vs the last one in October.

I am stunned looking at the prices of US gold coins. PCGS estimates them from $400. 3 years ago I bought $2.5 for $280, now according to PCGS estimates it costs $ 600. Growth by 2 times. Such wild growth is of course only for some types of coins. But I agree that the market is growing.

It is only a question of time when the bubble pops. It happened in the late 80's and it will happen again.
I don't believe for a minute a majority of the country suddenly became "real collectors" during the pandemic. Most likely, the majority sat bored at home and spend their stimmy checks on ebay purchases. The moment the majority gets bored with it and moves on, these recently acquired coin collections get dumped onto the market en-masse and prices will crater.