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 Replies: 23 / Views: 4,368 |
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Pillar of the Community
Canada
1554 Posts |
 I agree 100 % with Danlos concerning what buyers are looking for in today's Marketplace. Therefore, collectors should use this time frame to enhanc their Collection to the max. I have spoken to many collectors who have had high end coins with "no reserve", finding out that the reason behind this madness was the bullion craze! I myself nailed a gorgeous I.C.C.S., dark olive green, 1947, Pointed 7, Quad HP silver dollar, MS-64, for a mere $2K. This is an example of dozens of coins I have managed to acquire as a result of the Economic slow down! Glenn  Edited by glenzy1
09/15/2011 5:59 pm
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Pillar of the Community
Canada
576 Posts |
I sell at auction and I sell privately. I also buy at auctions and buy privately. The market is soft. My last auction consignment was a big disappointment. But if you're looking for bargains now is a great time to be making purchases. I've bought a group of Canadian Vicky halves lately all for 40% or less of trends, some for 25% of book. Grading Fine to VF. I've purchased a NFLD 1870 ten cent obv 1 VG for a ridiculously low amount of money. The way I see it this hobby peaked some years ago. Fresh blood is not coming in anywhere near to replace the collectors now selling or about to sell. I think tough times lie ahead for coin collectors who have put a lot into their collections. They should have sold already.
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Pillar of the Community
Canada
3692 Posts |
Tamarin: looks like I'll have to toss foreign coins into schoolyards!
You say the market has peaked. How long, if you don't mind my asking, have you been selling coins? (I'm trying to fatten up my brain. ;) )
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Valued Member
Canada
183 Posts |
I have my 5 tables of coins and paper money ready to go in end of October, lots of other things to sell besides my old $$$,pocket watches,collector plates,some antiques and silver ware.etc etc.
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Pillar of the Community
Canada
576 Posts |
Libertad, I was a collector for a long time and have been actively selling in various ways for fifteen years. Yes, I even put in time on ebay for four years. The market for coins is getting thinner. The avalanche of mint products has not been helpful. The explosion in electronic media has deprived the hobby of many young people who, formerly given the chance and time to explore such a pastime, have now found other pursuits more meaningful. You have to catch the young. It's not the hobby's fault. There's been far too much competition for their attention. |
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Pillar of the Community
Canada
1984 Posts |
There is upside from the recent infatuation with silver and copper bullion...it takes coins out of circulation. I don't often bother with roll searching. But I picked up 4 rolls of cents from the bank the other day and I searched for copper and other things. Out of 200 cents, only 13 were the old 3.2 gram copper cents. Somebody has clearly been taking the old copper cents out of circulation. If high metal prices take some of the inventory of mundane copper, nickel and silver out of the market, it can only help collector coins.
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Valued Member
United States
320 Posts |
I think a lot of it is this-- used to be, you'd walk into your coin shop, see something you liked, and there was a certain amount of "I don't know when I'll see another, I better get it while I can" attitude. The world was smaller. Now with ebay et al you know for sure that most any coin except the true rarities are available prettymuch at any point. Couple that with more and more finite grading available than in years past, this makes the driver those who want nicer examples of the same coin. I guess what I'm trying to say is that it seems to me in years gone by it was more about what coins you had than it was about how nice they are. With that trend reversing it is not surprising to see a rise in the high-end prices and a drop in the low-end. Edited to add: Economy undoubtedly plays into this too... most people who would collect lower-end stuff do it on a lower-end budget. Such as me. I'm a low-end collector. I have a limited budget but also would rather have 10 cheapo coins to 1 high-grade just the same. I like having a "hoard" and dislike having to worry as much about degradation of my coins due to touching them, them getting toned, etc. I have a few high grade coins but am always worried about them. Did I replace the dehimidifier gel packs recently? Should I store them in that cardboard box, or will it outgas? Oops I dropped that one, did it get a ding? Edited by Secret Argent Man
09/15/2011 11:40 pm
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Pillar of the Community
 United States
1353 Posts |
S. A. M. I agree with most that you say. Personally, I collect all up and down the grading spectrum. I think there are still some very good buys available in low to mid-grade key date coins. When the market depressed, so did these coins and they should not have done so. They will bounce back faster than most of the rest. I also think that lower mint state coins (62-64) that are at the top end of their grade with eye appeal are always terrific buys. In a previous post, I mentioned that you won't see the really nice high grade stuff for sale in today's market. I very much believe that to be true. These coins have gone underground, except for the few that have come out due to some economic distress experienced by their owners. i.e., not for sale:  http://www.victoriancent.com2011 & 2025 Fred Bowman Literary Award Winner, 2020 J. Douglas Ferguson Award Winner, & 2022 Paul Fiocca Award Winner. Life Member of RCNA.
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Replies: 23 / Views: 4,368 |
First Page
Posted 09/15/2011 7:40 pm
