High Roller Collectors

johnny010

I'm sure this has been discussed before but at what point are you considered at the top of the coin collecting game? My dealer seems to think China has really gotten into collecting and driving prices up... said a lot of nice US pieces are headed out of the US now at a very fast rate.

vplite99

I thought US pieces were coming FROM China.

P0CKETCHANGE

Depends on how you define “top”…

jmlanzaf

I don't understand this post.

China is not buying U.S. collector coins. Chinese collectors are because of the rising middle and upper class in the industrial parts of China.

That said, what does any of this have to do with "high rollers"?

johnny010

@jmlanzaf said:
I don't understand this post.

China is not buying U.S. collector coins. Chinese collectors are because of the rising middle and upper class in the industrial parts of China.

That said, what does any of this have to do with "high rollers"?

High roller collectors can live in an country I'm assuming and yes he has told me more than once they are getting into the US coin market at a rapid pace. Didn't know if there are big name collectors out there that people consider the biggest of the bigs when it comes to collecting. Assuming many are very private about their collections while there might be some who are more bold and well known.

lkenefic

There are at least a few "high rollers" on this Board... I live vicariously through their posts!

jmlanzaf

@johnny010 said:

@jmlanzaf said:
I don't understand this post.

China is not buying U.S. collector coins. Chinese collectors are because of the rising middle and upper class in the industrial parts of China.

That said, what does any of this have to do with "high rollers"?

High roller collectors can live in an country I'm assuming and yes he has told me more than once they are getting into the US coin market at a rapid pace. Didn't know if there are big name collectors out there that people consider the biggest of the bigs when it comes to collecting. Assuming many are very private about their collections while there might be some who are more bold and well known.

But Chinese collectors entering the market is separate from "high rollers". "High rollers" denotes people buying mid 5-figure coins and higher, not millions of collectors buying lower priced coins.

Yes, there are billionaire chinese collectors but most of their "high roller" money has gone into Asian coins. The price surge in Chinese and related coinage over the last 10 years has been legendary. Pretty much every U.S. trophy coin that's come to auction in the last few years has landed in U.S. collections - when we know where it landed.

It is worth noting that both Heritage and Stacks hold Hong Kong auctions to cater to the Chinese collector market. There are few, if any, U.S. coins in those auctions and absolutely ZERO "high roller" coins.

WAYNEAS

1) There will always be people with extremely deep pockets who can buy what they want at any time.
2) There is also those with shallow pockets that must choose what they buy.
3) Then there are the window shoppers who wish they could buy a nice coin.
I am happily in between #2 & #3.
Wayne

amwldcoin

Let's poke the bear!

There are some that would consider a mid 5 figure coin dreck! Maybe you should've said mid 6 figure coins! That's what I would consider high roller as coins I couldn't or wouldn't buy due to financial limitations!

@jmlanzaf said:

@johnny010 said:

@jmlanzaf said:
I don't understand this post.

China is not buying U.S. collector coins. Chinese collectors are because of the rising middle and upper class in the industrial parts of China.

That said, what does any of this have to do with "high rollers"?

High roller collectors can live in an country I'm assuming and yes he has told me more than once they are getting into the US coin market at a rapid pace. Didn't know if there are big name collectors out there that people consider the biggest of the bigs when it comes to collecting. Assuming many are very private about their collections while there might be some who are more bold and well known.

But Chinese collectors entering the market is separate from "high rollers". "High rollers" denotes people buying mid 5-figure coins and higher, not millions of collectors buying lower priced coins.

Yes, there are billionaire chinese collectors but most of their "high roller" money has gone into Asian coins. The price surge in Chinese and related coinage over the last 10 years has been legendary. Pretty much every U.S. trophy coin that's come to auction in the last few years has landed in U.S. collections - when we know where it landed.

It is worth noting that both Heritage and Stacks hold Hong Kong auctions to cater to the Chinese collector market. There are few, if any, U.S. coins in those auctions and absolutely ZERO "high roller" coins.

johnny010

Any big timers on this forum?

alefzero

I will say this. Not every collector who gets a vanity "provenance" line on their slab tags is among the real high rollers. It is a smaller group. Those guys pay much less regard to resale value and simply buy what they like and want.

Che_Grapes

I thought we called then whales ...

jmlanzaf

@johnny010 said:
Any big timers on this forum?

Yes.

Bruce just sold one coin for $12 million

jmlanzaf

@amwldcoin said:
Let's poke the bear!

There are some that would consider a mid 5 figure coin dreck! Maybe you should've said mid 6 figure coins! That's what I would consider high roller as coins I couldn't or wouldn't buy due to financial limitations!

@jmlanzaf said:

@johnny010 said:

@jmlanzaf said:
I don't understand this post.

China is not buying U.S. collector coins. Chinese collectors are because of the rising middle and upper class in the industrial parts of China.

That said, what does any of this have to do with "high rollers"?

High roller collectors can live in an country I'm assuming and yes he has told me more than once they are getting into the US coin market at a rapid pace. Didn't know if there are big name collectors out there that people consider the biggest of the bigs when it comes to collecting. Assuming many are very private about their collections while there might be some who are more bold and well known.

But Chinese collectors entering the market is separate from "high rollers". "High rollers" denotes people buying mid 5-figure coins and higher, not millions of collectors buying lower priced coins.

Yes, there are billionaire chinese collectors but most of their "high roller" money has gone into Asian coins. The price surge in Chinese and related coinage over the last 10 years has been legendary. Pretty much every U.S. trophy coin that's come to auction in the last few years has landed in U.S. collections - when we know where it landed.

It is worth noting that both Heritage and Stacks hold Hong Kong auctions to cater to the Chinese collector market. There are few, if any, U.S. coins in those auctions and absolutely ZERO "high roller" coins.

Laura has made it clear that they are 7 figure dreck.

Type2

Well they need something to go by when your making copies.

Gazes

Legend's most recent market report states "classic rarities...are red hot with a group of west coast collectors that are disrupting the market and buying virtually everything that is neat."

ReadyFireAim

Anyone know where all the "old bullion" is going?
There used to be pages of <MS64 1924 saints for sale.
Maybe dealers are holding???