Every so often I see someone post about how the coin prices have dropped and the market has slowed -
Leroy
Posts: 186 ✭✭✭
Then I log on to the auction sites and see where the demand for United States / Philippine coinage has never been so high. Anymore when I see an upgrade for my set, it's at the upper limits of what I'm willing to pay. What segment of the market has slowed because what I'm collecting is booming.
7
Comments
CC morgan dollars including GSA dates have all slowed.
bob
The market for common stuff is down. However, people always pay a premium for quality and rare items.
The common man has NO DESIRE for Coins of any type. Nothing in the pocket ... just Cards , Mobile Money Apps, .... ok maybe a few Paper Bills. But Coins received in change at face value?
No thank you.
Now in light of that bit of info who wants to buy a new minty fresh Quarter at $50.... $5.99....... 50 cents ?
N O B O D Y. Sorry Coin Nerds. The State Quarter era ended a while ago.
If you like Coins, great. Enjoy !
But the little Kiddies of today aren't into Coins. Legos maybe? Chuck E. Cheese Tokens? Dino Stickers?
🤔
I have this same concern and the Lego collectors seem to be strong. I know several adults and older teens that still buy and construct Lego sets. It's actually pretty cool. However, coins, at least gold and silver, has that PM component which will keep them in demand over the long run in my opinion.
Anyone concerned with the decline in the value of coins should check out how Bitcoin is doing today. Talk about a drop in market.
You mean those Chuck-E-Cheese tokens I found in the Coinstar reject slots are valuable? I'm rich!
CC's have slowed, but have held up better than much of the rest of the series. Modern gold commems have mostly lost the premium over melt. MS/PF 70 has in many segments have surrenderd the once spacious premium over 69.
Many buy bd, anniversary issues, etc.
Once u get over $300 your exceeding what majority collectors can afford. Many focusing on bullion material / it’s close to melt, little downside, liquid.😀
1970 small s cents are on the rise.
Although I do not doubt the sellers and dealers here who post about a slowdown, I sure have not seen it .... however, as stated above, it likely has not happened in the upper coin quality levels... Cheers, RickO
What grades do you collect?
Coins aren’t as strong as they were but may not be as bad as most sports cars. Ferrari owners talk about $100,000+ depreciation in their cars and how to manage it.
Seems like many of the collectors here are collecting the 1% that isn’t depreciating?
O MY FREAKIN LORD !
Bitcoin is at $3743.69 ?!?!!!!!!
Wow ! That's Great ! Restores my faith in the basic intelligence of most people in the World.
Now if it drops to 12.5 cents ..... the historic value of a bit of Coin.
👌
A very interesting post OP and thanks to all for the information. I like hearing your opinions.
I have a registry set of U.S. / Philippine peso's with the majority of them being MS63. From what I'm seeing pretty much any upgrade is $1000+/-
Well, in the early quarters, looking forward to price declines ( not seeing yet) in 1796, 1804, 1806 B8, 1822 B2, 1823, 1827. Want to acquire these dates on the cheap.
Liberty: Parent of Science & Industry
Barber Halves and Seated halves, > @Leroy said:
Hmm. Try this. Go to Heritage auctions, type in any date or denomination in any grade and check 2018 auction prices with those from the 2011-2014 period.
Do you think the PCGS 3000 is a good indicator or the market? I don't know what all goes into the formula.
10 year chart:
From 1970 to date:
Early federal coinage has been the exception and not the rule.
Looking at the above chart, I see a market that has been stuck in a +/- 20% "trading range" since 1993. Hardly a sky-is-falling scenario.
Anecdotally, it seems that high-end, CAC, and rare coins are up whereas low-end, common, and blah coins are down.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Where the market has slowed in one place, it has sped up in another.
The market for 1913 Liberty Nickels is also solid.
Looking at one good segment tells you nothing about the overall market. By coin volume, not dollar volume, I would guess as much as 95% of the U.S. coin market is in the doldrums.
All comments reflect the opinion of the author, evn when irrefutably accurate.
I totally agree. With this subject (and many other non-coin topics as well), individuals concentrate on a particular anecdote/example and then try to generalize - this is IMO a mistake. The general trend is down with this few exceptions noted. The point many, including myself, have tried to make is that the COLLECTOR BASE is dwindling & tire of hearing that it isn't because a troop of boyscouts was spotted chasing merit badges at a recent coin show. Children just do not IN GENERAL care one bit about coins.
So good on those of you who like coins that are on the growth side; the rest of us just like the coins...
Well, just Love coins, period.
The hobby is strong, despite weak hands or beliefs.... or markets , or venues.
``https://ebay.us/m/KxolR5
The number one observation I have from reading these message boards over the years is there is a ton of misunderstanding due to people viewing numismatics as one generic business or hobby. One can't say the market as a whole is down or up since there are so many niches. Its like when someone says what is the best way to sell a coin. It wholly depends on the type of coin---generic, raw or graded, key date, CAC, etc. What is correct for one type of coin is wrong for another. I have seen coins languish on a dealer's site and could not be sold and then on a different site the same coin (and I mean the exact same coin) will sell within 24 hours for more simply because that dealer specializes in those types of coins (and people trust his judgment).
Making any blanket statements about coin collecting as a whole is difficult to do and harder for others to respond to.
As already said, if you want to understand the trend, don’t look at one segment of the market. To which I’ll add that US coins as a whole are still only one segment of the global market. A thread for another day, I suppose.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.