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What % of rarities move in silence?
Proofmorgan
Posts: 715 ✭✭✭✭✭
What percent of the high 5 figure and beyond coins “move in silence”?
(Sold privately without ever being widely advertised or auctioned)
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
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50% would be a logical guess.
My mostly uninformed guess is 80%+.
Reasoning being that active collectors at that level generally know who has what and if they don’t, the dealers they work with do. Why wait and miss an opportunity at auction?
As for sellers, why risk a thin market when you know who the buyers will be anyway?
The coins that appear at auction would then be either part of a full estate or ones that were shopped privately without finding a home. Exceptions abound of course. I’d be interested in other opinions.
I would think the vast majority of expensive rare coins would be sold in a major auction to get top dollar.
Worry is the interest you pay on a debt you may not owe.
I would ask Laura
Silence is golden amongst those that barter and move high value coins around. It's been that way forever and will probably always remain a part of Numismatics.
Worry ye not about these things, for they will not affect those that do not partaketh.
Me included.
Pete
My mostly uninformed guess is 80%+.
Reasoning being that active collectors at that level generally know who has what and if they don’t, the dealers they work with do. Why wait and miss an opportunity at auction?
From personal experience, I totally agree with this assessment. In 2016, I did buy a couple of five-figure items at a Stacks auction but, since that time, I have made about a half dozen deals for five-figure items, all of which have been quiet private sales. They have either been directly with the collector or with a dealer serving as an intermediary for a "modest" handling fee.
Member ANA, SPMC, SCNA, FUN, CONECA
Not something I have to worry about, unfortunately.
Bullion sure can.
nor I
I have sold a number of five figure coins to dealers where I expected to see the coins posted on their site and instead they seem to disappear into thin air.
What definition of rare are you using? Most five figure US coins are anything but rare and I don't see that prospective buyers would have much of an incentive to conduct a private transaction unless it is below their opinion of "fair value".
We are talking high five figures and up. Likely representing the top 1% of auctioned coins. Let’s say 80k+ for example.
From my experience selling similar coins....they never seem to see the light of day after I sell them to dealers.
Only The Shadow knows.
Virtually all the ones I've sold have - less risky than taking them to auction.
Would you take my million dollar personal check?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
I'm not sure, but my guess would be quite a few !!!
A ton. Far more then any here could imagine.
We sell million dollar coins all the time with legal no disclosures
What percentage of those coins had appeared at auction in the previous decade? In other words, how many of those secret deals were for not-so-secret coins? Best guess.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.