NO END IN SIGHT FOR STRONG ACTIVITY
The coin market is running strong.
The following is an excerpt on the market for Legend. I'm just adding the mraket infomration. Click through for information on collection sales and new inventory.
WE ARE LIVING A DREAM
We’re four months in to a bull market. The first signs actually started in November. It was not until the FUN Auction when things blew wide open. There has been only a two week lull for us at the beginning of April. Our activity is like a great dream. We’re worried sick now about the dream becoming a nightmare. WE HAVE REALLY RUN OUT OF A SUPPLY OF FRESH NEAT COINS. We are not alone. This is from one of the largest dealers in the biz: Our inventory is the lowest I’ve seen in 28 years. POWERFUL WORDS.
Non activity leading from a severe lack of coins will choke our market unless we land a big deal in May (same really goes for just about everyone else). Yet the dream of more buyers then sellers only seems to be deepening. Our recent Auction and the Heritage sales more then proved how strong the market is. We saw numbers that did not represent hundreds of buyers, we saw HUNDREDS OF THOUSANDS OF EYE BALLS and thousands of aggressive bidders. KABOOM! These are NOT investors, they seem to be people legitamtely collecting coins.
The coin market is NOT a bubble like we think the modern sports card craze seems to be (in our opinion). Having a newer LeBron James card sell for $5,200,000.00 with out much time to solidify is really too much money speculating. Think about what kind of killer coin collection can be assembled for that money. People have been collecting coins for hundreds of years. Sports cards, not so long. And the one bubble that already has started to burst-the NFT’s. Never understood them any way. Plus, the Feds seem to have their number and they are highly taxable with is now causing them to attract less money. The rare coin market will continue to be more stable long term then all of these pop up areas.
The dream of a bull market has no boundries right now. However, as we warned before, a lack of coins could make it seem like it is stopping until an auction or two arrives with a bunch of fresh coins. Do NOT be fooled if there seems to be a slow down. You will be paying more for any great coins at least for the next few months.
Do you agree? Certainly prices seem to be high for many pieces now.
And if so, how long do you think it will last?