How good is the market now?

Zoins · August 28, 2022 5:11PM

Given that coins seem to be doing very well price wise in recent sales from Simpson, Blay and others, how are things in your areas?

I will say that prices in some of my areas have gone to the moon, like multiple times what I would have expected pre-Covid. In the So-Called Dollars area, @FredWeinberg's die sold for $102k and @THOMAS655 just sold a silver So-Called Dollar for $28.8k! Definitely, very strong prices!

WaterSport · August 28, 2022 5:25PM

I did Ok with sales on great collections tonight. I had $545 invested in 6 coins and they sold for $795. No complaints here.

WS

gumby1234 · August 28, 2022 5:49PM

@WaterSport PM sent

gumby1234 · August 28, 2022 5:50PM

Ive done well all year long selling to dealers at shows and to forum members here.

EDIT- As a matter of fact I have to change my sig line soon because I have sold most of my Roosies that aren't in my registry set. Which I made the set before there was such a thing, except for 3 recent upgrades.

DelawareDoons · August 28, 2022 6:23PM

Clearing out my inventory, I'm netting 20%+ more than I expected, so the market is phenomenal for good type coins, and graded stuff with CAC.

Barberian · August 28, 2022 6:37PM

I'm watching auctions on graded average coins on eBay close 50% higher than the highest Coin Facts auction prices for the grade.

Broadstruck · August 28, 2022 6:39PM

@Zoins what was the $28.8K SC$1?

Byers · August 28, 2022 6:44PM

Overall the coin market seems extremely strong.

savitale · August 28, 2022 6:47PM

From my one day visit to the ANA show, business appeared very good. Not crazy pricing but business was being done at strong valuations.

jkrk · August 28, 2022 7:12PM

RE.. Double Eagles...

Really Struggling to find anything to buy.

So I guess I'm using old model analytics and the market has left me behind.

ricko · August 29, 2022 5:54AM

From all I have read, and reports here (even in this thread), the coin market is doing very well indeed. Not sure how long it will last with the economy in recession, but the time is right for sellers. Cheers, RickO

Maywood · August 29, 2022 6:54AM

People in general are flush with cash due to the pandemic and various shut-downs. They have clearly decided to spend it.

Eldorado9 · August 29, 2022 7:14AM

Based on the auctions I've been following I'd say demand/price is extremely strong, particularly for fresh, CAC material in original condition. I placed quite a few strong bids, and they were all outbid.

Goldminers · August 29, 2022 9:16AM

@Broadstruck said:
@Zoins what was the $28.8K SC$1?

It was this unique silver one at Heritage:
1861 Bombardment of Fort Sumter, Silver, So-Called Dollar, HK-11f, Unique, MS64 Prooflike NGC

LanceNewmanOCC · August 29, 2022 9:19AM

@DelawareDoons said:
Clearing out my inventory, I'm netting 20%+ more than I expected, so the market is phenomenal for good type coins, and graded stuff with CAC.

.
i'm glad to hear that. sure looked like some strong high-end dollar and/or cac prices, even in ngc!

thanks for the few trinkets i was able to squeeze out. i was under-bidder on a few items.

jkrk · August 29, 2022 10:08AM

@Eldorado9 said:
Based on the auctions I've been following I'd say demand/price is extremely strong, particularly for fresh, CAC material in original condition. I placed quite a few strong bids, and they were all outbid.

I placed some decent bids in a variety of auctions and was pretty much outbid on everything. I did buy a couple of minor coins and
I keep wondering if I was the patsy at the poker game?

OKbustchaser · August 29, 2022 10:14AM

The market is lousy...prices are entirely too high. Other than a lack of material probably being available a return to 1972 prices would be great--yes, even on what I already own.

Cougar1978 · August 29, 2022 10:25AM

It’s fair to tough. Have great sales / nice GM on raw collector coins, slabbed world coins, currency.

As for US Classic so much of it too high imo so not interested unless occasional pickup around CDN bid from Mkt (auc or dealer) sources or say 70 pct CPG my offer from my table on the bourse from walkup sellers.

lkenefic · August 29, 2022 10:59AM

If you're selling, I imagine it's a great market to be in. I'm actually considering selling off some of my Morgan Dollar Date set because prices seem to be fairly strong, even for raw silver dollars. Slabbed and CAC'd material is bringing out bidders with deep pockets. Some raw material (Early Copper) is also seeing strong bidding. Out of the dozen or so VF-AU Middle Date LC's I was following over the summer, I didn't bother bidding on half of them... I was out with 3 days left in the auction... and I only won three of the remaining coins.

That said, I won a couple of auctions over the weekend for raw type coins that apparently slipped under the radar. I took a chance on an XF Shield Nickel with Rays that had sub-optimal pictures... but I only bid up to F12 money... I'll have to wait to see how I did on that one. But the raw 1839 Half Dime I won had nice pictures in the auction and looks like a strong VF piece with nice eye appeal... had for VG8/10 money and only 8 active bidders. Not huge "rips" by any stretch of the imagination, but not bad for a lowly collector like me.

Just an observation... I think there are a number of new collectors in the market and they may be gravitating towards slabbed/graded/CAC'd coins since grading skills take time to develop. This, plus a guarantee of authenticity makes buying these coins less of a risk. There are some coins... those in lower grades/ high mintages/ obvious damage/ etc... that it doesn't make sense to slab since grading fees and shipping would chew up any potential ROI. These sell raw, and here's where a good eye and the ability to at least get in the ballpark for grading come into play. Again... this approach might not be for everyone, but I'm collecting Type Coins to put into an album... I'm not doing the Registry Set thing...

Broadstruck · August 29, 2022 11:34AM

@Goldminers said:

@Broadstruck said:
@Zoins what was the $28.8K SC$1?

It was this unique silver one at Heritage:
1861 Bombardment of Fort Sumter, Silver, So-Called Dollar, HK-11f, Unique, MS64 Prooflike NGC

Thank you!

ElmerFusterpuck · August 29, 2022 11:39AM

Based on what I'm seeing now, I'm glad I took advantage of the 'lull' in 2018 and 2019. This is my example: I bought 2 popular items, a 1909-S VDB and a 1955 doubled die, both attractive and PCGS graded AU-58 with green beans. Fast forward to now and for what I paid for both coins back then might barely get you one of them at todays' procing!

BillJones · August 29, 2022 12:02PM

Too good.

I get blown out at every auction or pay through the nose. But what else is new?

There was a dark side item that interested me which had sold for around $3,600 previously with the juice. This one had an “x” scratched the field, mentioned in the auction lot description. It sold for $5,500.

DelawareDoons · August 29, 2022 2:35PM

@lkenefic said:
If you're selling, I imagine it's a great market to be in. I'm actually considering selling off some of my Morgan Dollar Date set because prices seem to be fairly strong, even for raw silver dollars. Slabbed and CAC'd material is bringing out bidders with deep pockets. Some raw material (Early Copper) is also seeing strong bidding. Out of the dozen or so VF-AU Middle Date LC's I was following over the summer, I didn't bother bidding on half of them... I was out with 3 days left in the auction... and I only won three of the remaining coins.

That said, I won a couple of auctions over the weekend for raw type coins that apparently slipped under the radar. I took a chance on an XF Shield Nickel with Rays that had sub-optimal pictures... but I only bid up to F12 money... I'll have to wait to see how I did on that one. But the raw 1839 Half Dime I won had nice pictures in the auction and looks like a strong VF piece with nice eye appeal... had for VG8/10 money and only 8 active bidders. Not huge "rips" by any stretch of the imagination, but not bad for a lowly collector like me.

Just an observation... I think there are a number of new collectors in the market and they may be gravitating towards slabbed/graded/CAC'd coins since grading skills take time to develop. This, plus a guarantee of authenticity makes buying these coins less of a risk. There are some coins... those in lower grades/ high mintages/ obvious damage/ etc... that it doesn't make sense to slab since grading fees and shipping would chew up any potential ROI. These sell raw, and here's where a good eye and the ability to at least get in the ballpark for grading come into play. Again... this approach might not be for everyone, but I'm collecting Type Coins to put into an album... I'm not doing the Registry Set thing...

I shipped your half dime today. You'll like it, great coin. I almost kept it, kinda wish I had now.

coinsarefun · August 29, 2022 3:14PM

I should find out soon as I have several coins, tokens and medals, along with some awesome Russian coins coming
To Heritage auction in the next few months. They won’t be listed under my name but I’ll provide links pretty soon.

lkenefic · August 29, 2022 3:59PM

@DelawareDoons said:

@lkenefic said:
If you're selling, I imagine it's a great market to be in. I'm actually considering selling off some of my Morgan Dollar Date set because prices seem to be fairly strong, even for raw silver dollars. Slabbed and CAC'd material is bringing out bidders with deep pockets. Some raw material (Early Copper) is also seeing strong bidding. Out of the dozen or so VF-AU Middle Date LC's I was following over the summer, I didn't bother bidding on half of them... I was out with 3 days left in the auction... and I only won three of the remaining coins.

That said, I won a couple of auctions over the weekend for raw type coins that apparently slipped under the radar. I took a chance on an XF Shield Nickel with Rays that had sub-optimal pictures... but I only bid up to F12 money... I'll have to wait to see how I did on that one. But the raw 1839 Half Dime I won had nice pictures in the auction and looks like a strong VF piece with nice eye appeal... had for VG8/10 money and only 8 active bidders. Not huge "rips" by any stretch of the imagination, but not bad for a lowly collector like me.

Just an observation... I think there are a number of new collectors in the market and they may be gravitating towards slabbed/graded/CAC'd coins since grading skills take time to develop. This, plus a guarantee of authenticity makes buying these coins less of a risk. There are some coins... those in lower grades/ high mintages/ obvious damage/ etc... that it doesn't make sense to slab since grading fees and shipping would chew up any potential ROI. These sell raw, and here's where a good eye and the ability to at least get in the ballpark for grading come into play. Again... this approach might not be for everyone, but I'm collecting Type Coins to put into an album... I'm not doing the Registry Set thing...

I shipped your half dime today. You'll like it, great coin. I almost kept it, kinda wish I had now.

That's you?! I'll have to save you as a favorite! I couldn't believe I got it so cheap! The pictures were excellent too... I put in a "nuclear" bid of around $100 thinking it would realize VF money among the snipers at the end of the auction... they never materialized.

golden · August 29, 2022 4:13PM

I don't get much in auctions. I am blown out of the water.

pcgscacgold · August 29, 2022 4:41PM

Good enough that a dealer has not replied to a coin inquiry that I submitted last week.

coinpalice · August 29, 2022 4:46PM

i am getting more then the pcgs price guide value for the coins i sold recently

Catbert · August 29, 2022 4:54PM

Often I find that the CAC price guides for seated material are lagging the market and sometimes the PCGS guide!

DelawareDoons · August 29, 2022 5:01PM

@lkenefic said:

@DelawareDoons said:

@lkenefic said:
If you're selling, I imagine it's a great market to be in. I'm actually considering selling off some of my Morgan Dollar Date set because prices seem to be fairly strong, even for raw silver dollars. Slabbed and CAC'd material is bringing out bidders with deep pockets. Some raw material (Early Copper) is also seeing strong bidding. Out of the dozen or so VF-AU Middle Date LC's I was following over the summer, I didn't bother bidding on half of them... I was out with 3 days left in the auction... and I only won three of the remaining coins.

That said, I won a couple of auctions over the weekend for raw type coins that apparently slipped under the radar. I took a chance on an XF Shield Nickel with Rays that had sub-optimal pictures... but I only bid up to F12 money... I'll have to wait to see how I did on that one. But the raw 1839 Half Dime I won had nice pictures in the auction and looks like a strong VF piece with nice eye appeal... had for VG8/10 money and only 8 active bidders. Not huge "rips" by any stretch of the imagination, but not bad for a lowly collector like me.

Just an observation... I think there are a number of new collectors in the market and they may be gravitating towards slabbed/graded/CAC'd coins since grading skills take time to develop. This, plus a guarantee of authenticity makes buying these coins less of a risk. There are some coins... those in lower grades/ high mintages/ obvious damage/ etc... that it doesn't make sense to slab since grading fees and shipping would chew up any potential ROI. These sell raw, and here's where a good eye and the ability to at least get in the ballpark for grading come into play. Again... this approach might not be for everyone, but I'm collecting Type Coins to put into an album... I'm not doing the Registry Set thing...

I shipped your half dime today. You'll like it, great coin. I almost kept it, kinda wish I had now.

That's you?! I'll have to save you as a favorite! I couldn't believe I got it so cheap! The pictures were excellent too... I put in a "nuclear" bid of around $100 thinking it would realize VF money among the snipers at the end of the auction... they never materialized.

That's me. Unfortunately this is my last week of selling. Get it while the getting is good! Save me anyway, if things don't work out as I hope, I'll be back in full force.

If you sell that down the road and you remember, offer it back to me.

lkenefic · August 29, 2022 6:09PM

@DelawareDoons said:

@lkenefic said:

@DelawareDoons said:

@lkenefic said:
If you're selling, I imagine it's a great market to be in. I'm actually considering selling off some of my Morgan Dollar Date set because prices seem to be fairly strong, even for raw silver dollars. Slabbed and CAC'd material is bringing out bidders with deep pockets. Some raw material (Early Copper) is also seeing strong bidding. Out of the dozen or so VF-AU Middle Date LC's I was following over the summer, I didn't bother bidding on half of them... I was out with 3 days left in the auction... and I only won three of the remaining coins.

That said, I won a couple of auctions over the weekend for raw type coins that apparently slipped under the radar. I took a chance on an XF Shield Nickel with Rays that had sub-optimal pictures... but I only bid up to F12 money... I'll have to wait to see how I did on that one. But the raw 1839 Half Dime I won had nice pictures in the auction and looks like a strong VF piece with nice eye appeal... had for VG8/10 money and only 8 active bidders. Not huge "rips" by any stretch of the imagination, but not bad for a lowly collector like me.

Just an observation... I think there are a number of new collectors in the market and they may be gravitating towards slabbed/graded/CAC'd coins since grading skills take time to develop. This, plus a guarantee of authenticity makes buying these coins less of a risk. There are some coins... those in lower grades/ high mintages/ obvious damage/ etc... that it doesn't make sense to slab since grading fees and shipping would chew up any potential ROI. These sell raw, and here's where a good eye and the ability to at least get in the ballpark for grading come into play. Again... this approach might not be for everyone, but I'm collecting Type Coins to put into an album... I'm not doing the Registry Set thing...

I shipped your half dime today. You'll like it, great coin. I almost kept it, kinda wish I had now.

That's you?! I'll have to save you as a favorite! I couldn't believe I got it so cheap! The pictures were excellent too... I put in a "nuclear" bid of around $100 thinking it would realize VF money among the snipers at the end of the auction... they never materialized.

That's me. Unfortunately this is my last week of selling. Get it while the getting is good! Save me anyway, if things don't work out as I hope, I'll be back in full force.

If you sell that down the road and you remember, offer it back to me.

Absolutely! I'll give her a good home in my 7070 in the meantime...

DisneyFan · August 29, 2022 6:29PM

@Catbert said:
Often I find that the CAC price guides for seated material are lagging the market and sometimes the PCGS guide!

I don't think many people realize that prices in the CAC price guide can actually be lower than the PCGS price guide.

How good is the market now?

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