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 Replies: 10 / Views: 1,253 |
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Pillar of the Community
Australia
1610 Posts |
Has anyone noticed the following over the last 6-12 months: 1. ebay sellers (dealers) are starting auctions at full retail value or higher? I have at least 2 dealers who I used to buy regularly from. One has now set their auction start prices for base metal coins and silver about 10-20% above what I'm comfortable with. I see a lot of the items passed over with no bids. The second dealer now sets the start price at market value. That's OK but if someone has already bid then it's pointless placing a higher bid. 2. I'm starting to buy more coins from OS as many online coins in Aus are overpriced or have too many keen bidders when better grade coins can be had for the same price or less from Europe. 3. I'm hoping an increase in interest rates will start pushing prices back down as people have less cash to throw around. Cheers |
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Pillar of the Community
Australia
1333 Posts |
O.o david yes I have notice this to that foreign coins are often bidded above their oversea retail prices but that I would say is just new people who just want to have something from overseas. I say more to do with the fact that people where trying to get their hands on anything other than cash, because they have a believe that inflation in what they are purchases will come (as for me I not sure, but I sure wish houses would go down :D).
Something else that I have notice is that there was a period maybe mid 2021 where I saw some very nice collection or set of coins being either auctioned off or sold some taking maybe decades to put together, now don't see as many expect for the online auction site lloyds.
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Bedrock of the Community
Australia
21786 Posts |
The prices of everything around the world are rising.
(cost of living, housing, energy, etc.)
That includes coins, both domestically and internationally.
Personal incomes are lagging behind just now, but eventually they will catch up.
Retired superannuants and pensioners on fixed incomes will have less to spend on their hobbies, and will have to spend more on maintaining their health.
Nevertheless, this is the time (if you can), for those coin collectors in the 30-60 age group to build their collections.
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Pillar of the Community
 Australia
1610 Posts |
Quote:
Personal incomes are lagging behind just now, but eventually they will catch up.
Yes, wage growth has stagnated, but interest rates are the lowest in decades meaning more money at the end of the week. Quote:
Retired superannuants and pensioners on fixed incomes will have less to spend on their hobbies, and will have to spend more on maintaining their health.
This is assuming it is retired people pushing up the price of coins. Am not sure this is a correct assumption. Quote:
Nevertheless, this is the time (if you can), for those coin collectors in the 30-60 age group to build their collections.
It seems to me to be an inflated hot market. I have just paid off my mortgage so am well capable of splashing out on coinage but to be spending 10-20% more than what the sale price was a year ago? Especially given that price increase is not reflected in the European market? I have my doubts. |
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Pillar of the Community
Australia
2180 Posts |
I haven't been buying many coins at all lately but my usual sellers seem to be a bit low on stock too.
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Pillar of the Community
Australia
1985 Posts |
Yes, I'm buying a lot less bulk world coin at the moment. In fact I'm buying none. Is it any wonder with ebay listings like this: https://www.ebay.com.au/itm/175203178010200g for $17.95 + $4.95 postage UNCHECKED (photo has Japanese 500 yen sitting on top of the heap) but you will receive randomly selected coins. Think I'll just stick to noodling Australian circulated coins. |
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Pillar of the Community
Australia
1610 Posts |
Quote:Yes, I'm buying a lot less bulk world coin at the moment. In fact I'm buying none. Is it any wonder with ebay listings like this: https://www.ebay.com.au/itm/175203178010200g for $17.95 + $4.95 postage UNCHECKED (photo has Japanese 500 yen sitting on top of the heap) but you will receive randomly selected coins. Even if the random pick did include a $10 500 yen coin, that still leaves $8 for 200g so $40 per kilo of scrap coin. I currently pay $12 per kilo for mixed world coin. Scary thing is, 1 lot has been sold already. I must admit, I don't deliberately add old pennies to the coins that I on sell, but the lots that have old pennies mixed modern coins sell a lot quicker. |
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Valued Member
Australia
215 Posts |
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I currently pay $12 per kilo for mixed world coin Hey David, If you don't mind me asking, where are you getting world coin for $12 a kilo. Cheapest I can find on ebay is $15 per kilo but that is for 100kg. $1500 is too much of an outlay for what is primarily heavily duplicated low value and demonetised coins.  |
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Pillar of the Community
Australia
1610 Posts |
Quote:If you don't mind me asking, where are you getting world coin for $12 a kilo. Cheapest I can find on ebay is $15 per kilo but that is for 100kg. $1500 is too much of an outlay for what is primarily heavily duplicated low value and demonetised coins. If I tell you then I'll have to kill you!!!  I get them from a dealer on the Gold Coast. I get them at that price because I collect them so I don't pay postage. The latest batches are predominantly air port hand ins although there are a fair few demonetised coins mixed in with the odd penny. I on sell the coins for about the same price so it doesn't cost me anything (bar a bit of time and fuel). Edited by David Graham
03/22/2022 7:07 pm
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Pillar of the Community
4628 Posts |
Yes I have not seen any decent bulk world silver for ages, all overpriced or damaged and ultra common stuff (Like clapped out French 50 centimes with holes in them from 1918). Plus my world coin ladies have effectively retired and both got cancer, even with that they said the number of coins coming into their store has dried up majorly (With lockdowns as well - even without a lockdown, people are not really going to shops here as our Omicron cases climbed from 15 to 630,000 in 6 weeks). Also the wages thing, my pay is still low and my savings targets are slow (Blame that $1,000 smart TV I brought this week too  ). But another factor could be us, 2 or 3 years ago I was in the early stage of collecting and buying everything I could see, now I am incredibly specialised, 95% of all I buy is either British coins ranging from Shilling to Halfcrown, NZ coins and tokens, Australian, Fijian or Irish now. I also think many of my trade me dealers have got greedier, prices are higher and they are demanding to send by premium post at marked up prices (No one wants to spend $10 - $20 on a coin and then add $8 to send it). |
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Pillar of the Community
Australia
9375 Posts |
I don't see many bulk coins for sale here in Perth at all. :(
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Replies: 10 / Views: 1,253 |
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Posted 03/18/2022 02:13 am
