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 Replies: 32 / Views: 3,561 |
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Pillar of the Community
United Kingdom
1077 Posts |
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Rest in Peace
United States
5375 Posts |
I would say buyer's, I've seen higher end coins go for laughable prices on teletrade quite a few times.
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New Member
United States
23 Posts |
I don't know where most of you are located. I live in southern New Hampshire, the shops around here have constant traffic. I'm new to collecting and have been spending a fair amount of time in the shops and I see people spending fairly large sums of cash.I don't see any negotiating, I would say here it's a sellers market.
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Pillar of the Community
United States
1291 Posts |
Selling on ebay may not be a very good barometer, especially with what I'm selling, but for me the bottom dropped out in December. My opinion = buyer's market. |
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Moderator
 United States
188213 Posts |
Quote:
Case closed! But what if he could have gotten $20 million in a real seller's market?  |
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Pillar of the Community
United States
655 Posts |
Quote:P ennehChaos It was a seller's market for this guy- http://www.latimes.com/news/local/l...901394.story Shoot, how cheap could this guy be? He made his daughter spend $20k to buy one of his coins! My guess is that it's a buyer's market, especially very recently. My experience is basically limited to online auctions, though. I've seen coins starting at and going for way lower prices than book value and less than just a few months ago. But that's not across the board, that's just once in a while. My guess is it's people who need to raise cash in a hurry and put their prizes up at very snatchable rates. (I do the same thing once in a while.) |
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Bedrock of the Community
United States
12437 Posts |
A couple things to note, that article is from Feb 2008 and Walter Husak owned one of the greatest early copper collections ever assembled.
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Bedrock of the Community
United States
10045 Posts |
 Husak's sale is pretty high-end, which probably attracts the upper 0.1% of collectors--if that. |
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Moderator
United States
16679 Posts |
Buyers.
swcoin.ecrater.com
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New Member
 United States
42 Posts |
Thanks for all your replies. It is a mixed bag in terms of responses. To heat things up, I wonder if we could think about whether it is a good idea to buy or sell gold, staples like Carson City double-eagles? Those coins tend not to fluctuate in value with the bullion prices vs. your average non CC 1880s, 90s, 00s pieces that do?
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Valued Member
United States
75 Posts |
The variety of answers is very amazing. Personally, I think it's a seller's market. I've been going to a local auction house and seen ordinary Morgan dollars go for 10 times what I'm willing to pay--and I'm not exaggerating--but here's the pinch: Those Morgans may well be honest MS coins but they're slabbed by some of the most off the wall grading companies and of course none of them are less than MS65. Most are *slabbed* as MS66, MS67. Naturally, I know better, so I adjust my bids assuming MS60, but it seems to be an actual frenzy on the floor, so much so, that I actually decided to consign about 1/3 of my collection (the stuff that didn't mean that much to me) to the auction house to see what sort of return I can get. Wish me luck. ;) Edited by zerozero
03/10/2009 4:28 pm
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Valued Member
United States
462 Posts |
I still think it is a seller's market. The mint just listed 100 one cent, 2009 coins, for $8.95! Like I said earlier, us buyers will occasionally find a good deal, but sellers are making a nice living these days.
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New Member
United States
42 Posts |
But the volume of coins being sold now seems enormous like everyone is passionately selling and passionately buying. The sense I get from the replies is that there is something of a frenzy. And the pace is accelerated by internet auctions to the point where you almost cannot predict if you will come out winner or loser as a buyer or seller. Does that sound right?
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Pillar of the Community
United States
2130 Posts |
I bought silver bullion and I was making 35% profit after all fees to include s & h fees,listing, & final sale fee. And, another 100 bars arrived yesterday. Now the only thing I'm waiting for is for spot to go back up. As far as coins I find the lower end coin MS60 & lower to be a buyers market. I'm a little leery of buying from ebay due to the flooding of counterfeit coins. |
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Valued Member
United States
327 Posts |
It's two tiered. The higher end "investment" grade things (Morgans, early coinage, bullion, high numismatic value only items) are picking up as the economy circles the bowl. Meanwhile, the lower end of the spectrum (low demand types, circulated "spot only" silver) drops as quite a bit gets dumped for survival funds. The higher end is going to people liquidating dismal investments and savings plans against a devaluing dollar, while the lower end is being sold by people with small collections.  |
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Replies: 32 / Views: 3,561 |
First Page
Posted 03/06/2009 7:10 pm
