Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Are You Guys Seeing Soft Prices Out There?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 11 / Views: 1,645Next Topic  
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 11/20/2010  03:01 am Show Profile   Bookmark this topic Add Scooby Due to your friends list Get a Link to this Message Number of Subscribers
Or have I just been getting lucky?

I've scored several nice pieces at really nice prices lately - and more on the way! I'm even gonna check my mailbox on Sunday!

I'm sure there are people out there that are strapped and maybe selling a few pieces, but why would my dealer let them go so cheap?

Are they hurting, too?
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 11/20/2010  04:55 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The answer to your second question is "yes", for some dealers.

I think that the economic climate is such that folks are more motivated now than they have been to pay down their credit card debts. Retailing is a tough business to be in these days. If you are fortunate enough to have a little money to spend to take advantage of soft numismatic prices, then go for it!

I find that I am spending a little more in the U.S. than in Australia. The exchange rate also has a lot to do with it.
Pillar of the Community
Tim Stroud's Avatar
United States
2661 Posts
 Posted 11/20/2010  06:14 am  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Yes I am seeing the same as you. The wife was buying silver rounds at the last show we went too for right around spot. Local auction prices realized are still inflated though, but that is due mostly to uneducated buyers.
Valued Member
Wei Fun's Avatar
United States
244 Posts
 Posted 11/20/2010  09:52 am  Show Profile   Bookmark this reply Add Wei Fun to your friends list Get a Link to this Reply
I haven't noticed that around here. Sure, maybe some dealers would be willing to haggle down to reasonable prices, but when their posted prices are 30% over guide, I figure what's the point in bothering.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 11/20/2010  10:47 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Not on the stuff I collect, onward and upward! Leaving me in the dust.
Edited by Conder101
11/20/2010 10:48 am
Pillar of the Community
Scooby Due's Avatar
United States
4000 Posts
 Posted 11/20/2010  12:00 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply

Quote:
...but when their posted prices are 30% over guide, I figure what's the point in bothering.


That's the thing. All of the pieces I have picked up recently have been as much as 30% below greysheet bid.
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 11/20/2010  12:02 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Realistic prices = yes

More key dates on the market = yes

Good deals on semi-keys for astute buyers = yes

Soft prices on quality items = no
Valued Member
United States
451 Posts
 Posted 11/20/2010  12:03 pm  Show Profile   Bookmark this reply Add brokencompass to your friends list Get a Link to this Reply
@ Scooby Due : Morgans?
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 11/20/2010  12:36 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Here in Denver (a huge Morgan market), Morgan/Peace are "as usual".
(steady prices except for common melt value Morgan/Peace)

Valued Member
scott hill's Avatar
United States
66 Posts
 Posted 11/20/2010  1:29 pm  Show Profile   Bookmark this reply Add scott hill to your friends list Get a Link to this Reply
Here in the midwest I've recently been able to pick up Morgans and silver statehood proof sets at very reasonable prices from my local coin shop at prices far below what I have been seeing advertised online for example 2001 silver proof set 65.00 2002 70.00 2008 70.00 .1921 Morgan unc-62 22.00 .I find these prices quite fair!
Valued Member
Wei Fun's Avatar
United States
244 Posts
 Posted 11/21/2010  12:28 am  Show Profile   Bookmark this reply Add Wei Fun to your friends list Get a Link to this Reply
What kind of stuff are you talking about, Scooby? Specific types of coins going for 30% below grey? Or across the board?
Bedrock of the Community
United States
20753 Posts
 Posted 11/22/2010  8:04 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Going to coin shows almost every weekend I've found that basically no one knows people are in need of money, out of work or not buying coins. At a typical coin show last Sunday where there are normally about 30 dealers, they were still coming in at 10AM and setting up. Supposed to open at 9AM but most people start at about 8:30AM while dealers are still setting up. The place was more mobbed than normal also with customers and by the 10AM time, the aisles were actually crowded. No one had prices on anything that I would say are decent, cheap or even reaonable. One dealer was asking Red Book prices on all his coins and he had 3 tables full. He does so much buisness, he now hired a helper. Not sure what it's like anywhere else but around me coin prices are getting rediculous. After about 2 hours in that place I left with only one new coin.
  Previous TopicReplies: 11 / Views: 1,645Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.28 seconds to rattle this change. Forums