Is The Coin Market Really Hot ?? or ?

PQpeace

If you read the Greysheet,look at the CU website...read Heritage's page...and I can go on and on....everything I read says "coin market sizzles,hot hot hot....breaking records at all auctions.
Sounds good to me for sure.I am happy to pay a premium for nice coins I need.
The problem I have is selling all my PQ extras, every time I upgrade a coin.
I have been using EBAY for the most part.
Last year I remember selling 25 out of 25 coins listed in one weekend with BIN.I made money on just about every coin.
In the last 2 months,I can't sell anything unless I give it away !
I have listed just about every Morgan and Peace dollar at below wholesale bid ,and still no luck.
Most of my auctions end with most coins not even reaching 1/2 of bid.
Maybe I need to sell my coins in auctions ?? Maybe in the heat of battle people go nuts and bid crazy money ?
The problem with the auction houses is :
Takes 2 months or more to get your money if they sell.
If they don't sell,you have a buy back if they don't make reserve..
Or if you don't have a reserve,you can lose your ***.

Not sure what to do,as I am buying and selling alot more dollars than ever before.

Your comments and experiences are appreciated.

Thanks,Larry

dpoole

Larry,

That's been my experience on Ebay, too.

I've been PRESUMING that this has been the usual later summer Ebay doldrums. If that is so, then things should pick up here in the next few weeks. If they don't, then consider the other explanations people are probably going to make on this thread!

Wisconsin

Coins are just my hobby, but in my business (antiques) it is pretty much the same deal. People are just not wanting to spend money if they have any time to think about it. It is getting frustrating. It is very hard to find good merch. whether coins or antiques, so you work hard to find cool unusual pieces, and then when you finally find them, you can't sell them. People seem to only be looking for bargains. If it is not a great deal they are passing for the moment. Hopefully it changes soon. Like you say however-auctions are bringing strong money. I think it is the competetive side of people that makes them have to have it with no regard to price.

coynclecter

Maybe the guys who spend 50K at a coin show or auction are buying the big ticket items up without hesitation but I would suspect that those of us who buy coins at a few hundred a whack might be a little more concerned about the economy and whether or not we have a job next year.

Just my opinion.

Bustman

Seems to me my less expensive coins do well on Ebay, the expensive ones.....not so well. I think the reason for that is fairly obvious.
I don't know whether or not I would judge "how hot" the coin market is by ebay sales.

fcloud

I have noticed the day the auction ends influences the price. Some days I can pick up great bargains, and then the next day the same coins are over bid. The pattern in weird. I haven't payed enough attention to determine if there is a pattern to which days bid low and which days bid high. Watch some otherpeoples auctions to see if you can find the pattern.

coynclecter

Another point about Ebay. In May and June I spent over $7000 on about 25 coins MS classic coins from ebay (all PCGS or NGC). Most of them were real nice for the grade. All were around grey bid and at least 5 were 10% or more under.

cladking

There's no apparent price pressure in the moderns though it does
seem supplies of some items are "firming".

Gilbert

PQPeace

I to have been wondering if it is as "hot" as has been reported. I believe they are really reporting the show activity and mostly dealer to dealer sales, and of course the auctions of late with the huge dollar coins. I just don't see this as the average collector, whom I feel should be the market gage. But, I'm probably by myself on this issue.

I would love to pick up some of your coins, but, they are out of my league. $200 and $300 coins are my high dollar coins; I just can't do MS66 Morgan dollars as much as I would like to have them. Plus, when I go for a coin that taxes my budget, it has to be a "doozy," as I will have to cherish it for quite a while before I can pick up another.

IrishMike

Two certainties about Ebay, expensive coins don't bring good prices, unless they are the current "in" coins and this is a slow time of year on Ebay.

PQpeace

How many of you of you guys have used Heritage auctions or others like them ?
Opinions please ?
Larry

Bear

It always seems a market is super hot before the bottom falls out. No matter, if one buys true quality coins
with lovely original color, legit wonder colors or clean white coins, then it should generally hold its value over time.Chasing super high price high condition coins where the graded numbers could increase in the future ,
always presents some major economic risk.
Its wise to remember the old saying," you could make a killing, or you could get killed."
While coin markets seem to run counter to the stock market,
a major economic downturn could turn coins into
a non liquid asset and make cash king. Buy coins and have fun, but perhaps
it would be wise to keep cash in reserve. We are living in unusual times
and the economy could turn dramatically, on very short notice, for better or worse. Bear

michael

well PQ you hit the nail right on the head so to speak.......

the coin market overall is not hot at all..........lol

i mean if the market soooooooo was hot then all this hype talk would not be happening as the dealers would be too busy trying to buy coins and telling everyone that the market was not so good so they could get them cheaper!!!!!!!!.........lol and again not have time to hurt their market by telling people the market is hot so many would either not sell or want more for their coins.....lol

i mean it is all advertising for all these dealers and coin sellers and grading companies to promote this!! remember it is advertising and to me the defination of advertisisng is LIES.......lol now there is nothnig wrong with a little hype or puffing just the way it is just make sure you do not believe everything you read.......lol

yes for SELECTED COINS the market is hot hot hot!!!!! but for 99.9% of what is currently out there the market is not hot!

what is hot? i cant say but show me a coin and i will tell you if it is hot or not!!

well lets see hot hot hot coins currently are real nice eye appealling problem free xf 45 barber halves dimes quarters.... indian cents.... early dated mintmarked lincoln cents... 1793 chain cents in fair poor ag condition but with just honest wear and no problem surfaces! pre 1800 silver coins that are totally original with grey somewhat dull gaklzed over surfaces of a never played with coin vg 10 and higher with no problems... the list goes on and on

1794 silver dollars with as little problems as possible with eye appeal and certified pcgs/ngc!

really deeply watery mirrored 64 and above with great eye appeal proof coins pre 1915

monster toned early commems

any really unusual and pretty proof type coins pre 1915 64 and above but must have monster unusual qualities ms seated dimes 67 but nice ones with great eye appeal and fantastic toning

any coluored i mean really rare coloured proof coins pre 1915

really scarce to rare pl and dmpl dollars 63 64 65 66 but with the right look~!~~!!!! i mean for example like an 1888 o 65 dmpl pcgs but a real monster an 84 cc dmpl but with the look! and if an original undipped gsa coin in a pcgs holder and can be proved as such even better!

lets see an 1894 s super nice 63 pl coin with a dmpl obverse and a close to dmpl reverse and blast white without the ugly swirl marks usually associated with this date and mintmark and really undergraded well this is a hot coin

i guess the list goes on and on but a few of the above are examples

also i believe with ebay that around the end of july to the middle of september and just before april 15 is the solwest time almost dead for ebay from what i can see and some sleeres i know of who also tell me their impressions as they having been on ebay selling since day one!!

sincedrely michael

Bear

Michael - I am getting the uneasy feeling that all of these hot auctions and shows, may be
like holding a grand party on board the Titanic with the iceberg up ahead in the dark. Bear

michael

well bear you certianly make some interesting points!

the auctions there are many things i could tell you to make you see things much more clearly!!!!!!! i mean many things that if i explained them to you and showed you proof you would see very VERY clearly.......lol

but i am definately not going to tell it on here or over the phone, maybe in person if i searched you first for a wire..........lol

sincerely michael

Nic

The "party" has been going on for years, and it's not on the Titanic. Bear...perhaps you meant stocks or moderns? If not, don't fear....honey for dessert? K

Nic

And the Bear is wise....cash is king in any market and keep enough. K

Bear

Yum, Yum. Bears really like honey!!!!

DesertLizard

Does it really matter if the market is "hot"? Are we not collectors first?

I would not characterize the market as hot but more like "hyped". I mean really, all this nonsense about "monster this" or "monster that". It is kind of silly but if you are a dealer you MUST sell the sizzle. Why are toned "monsters" suddenly in vogue? Because dealers want them to be because collectors will pay a premium. So starts the game with AT.

Want to turn a "hot" hobby ice cold? What amazes me is how such a highly discretionary expense for 99.99% of us is treated by those selling to us. Sellers want you to believe your collection is worth"less" if it is not certified and MS99! Rude dealers are my pet peeve. How do they expect someone to drop big $$ when they treat them with disdain? I have observed this from afar on 3-4 ocaissions in the past 6 months at coin shows. If there ever is a turn off it is poor dealer attitude which can sully the hobby. My pet peeve is dealers who are rude to kids, didn't most of us start as kids?

Personally I would love to see the coin market go in the dumpster. That way lots of nice coins will be cheaper and alot of rude dealers will be forced out of business or be forced to be more customer oriented.

Laslty, I don't see the coin market going into the toilet, real estate for sure [not "if" but when!], the distribution and following with the help of the internet would assure an orderly decline unless the economy went into a 1920s style depression. Then you will see sub $200 MS65 Morgans!

Bear

The concern as collectors is this: We have competing needs for our money, if cash becomes tight in your
household, good coins may have to be sold at a significant loss. This would not need to happen
if you maintained some reasonable level of cash reserves. Remember one of the rules of life
"The worst possible things always happen, at the worst possible time" Bear

BSqr

oh great, moderns are compared to the Titanic. Guess I'll do the honorable thing and go down with the ship.

Bear

Please have a glass of wine first, that water may prove to be somewhat chilly. Bear

oreville

Hold on.......a little history here.......

Even Bruce Amspacher who wrote this week for PCGS on their home page admitted that his definition of "hot" meant that coins are selling and selling rapidly but not necessarily at higher prices, if I remember his quote correctly. Ahh... found his quote......

Here is his quote: "Just because coins are selling well it doesn't necessarily mean that they're going up."

Now keep in mind that the coin market has been so cold since 1989/1990 through 1999 with monor exceptions along the way that any significant warming of the market is suddenly seen as "hot." Well, sure if the coin market has been frozen cold and your hands are frostbitten....well sure warm will seem scalding hot to you!!!!!!!!

Perhaps the best term that should be used is "WARM"

Warm as meaning ALIVE. Yes indeed, the coin market has finally sprung back to LIFE with some advancing prices and VERY WARM in the more elusive condition rarities and famous type or key date coins advancing quite noticeably.

Now VERY WARM should mean a very active market with advancing prices that can run up 10 to 20%+ per year.

HOT should be reserved for frenectic bidding but not necessarily frenectic trading (sellers possibly holding out for more $$) and prices that are escalating more than 25% per year.

SUPERHEATED OR SUPERHOT is when prices are escalating over 100% per year with the same frantic attempts to buy but sellers holding back.

Examples:

(1) Buffalo dollars...........SUPERHOT....... prices up from $30-35 in 2001 to $125 in 2002. Nearly a 300% price advance in little over one year! Frantic bidding but not a whole lot of sellers.

(2) BU Rolls for BU wheat cents from 1940 to 1958....................HOT...........on average prices up over 25% in the past year but not quite a 100% price advance in the past year. Some of the rolls are superhot others less so. When sellers can be found they are crying all the way to the bank.

(3) BU washington quarters (1932-1964) ............VERY WARM..........some of the quarter dates are hot to superhot while the late silver dates are actually cool netting an overall very healthy and very warm market. Prices rising 20% or so in the last year after a year in which prices were superhot. Keep in mind this market has been solidly very warm to superhot right from the start in 1998-1999. It could go another 5-7 years since this market was so COLD FOR 25 YEARS!!!!!


(4) BU Liberty walking half dollars..............WARM............ Finally ALIVE and lots of trading after being stone cold and dead for several years so that the warm seems hot in comparison to before. The prices have begun to rise but are way down from a few years back overall.

(5) Plenty examples of TEPID or LUKEWARM markets

(6) Plenty of examples of COOL markets.

(7) Plenty of examples of COLD markets.

I do not like the David Hall use of the terms NUCLEAR, HOT, OK, COOL, COLD as they are not descriptive enough......too big a gap between OK and HOT. No WARM or VERY WARM??????????????

OK should be replaced by TEPID or LUKEWARM

He needs a WARM and VERY WARM.

SUPERHOT should be used instead of nuclear.

agentjim007

Work on your picture quality. I know your coins are much nicer than your pictures indicate. It looks as if you might be using a scanner. Get a digital camera so you can tilt those coins and bring out the color and luster.

oreville

DesertLizard:

Your quote:



<< <i>Laslty, I don't see the coin market going into the toilet, real estate for sure [not "if" but when!], the distribution and following with the help of the internet would assure an orderly decline unless the economy went into a 1920s style depression. Then you will see sub $200 MS65 Morgans! >>



My reponse:

(1) We have sub $200 MS65 Morgans now!!!!

(2) You meant 1930's style depression?

Your other quote:



<< <i>Personally I would love to see the coin market go in the dumpster. That way lots of nice coins will be cheaper and alot of rude dealers will be forced out of business or be forced to be more customer oriented. >>



Heck as a buyer, I wish for that too!! But we have had this already from 1990 to 1996. I was in my glory buying days in 1996 and 1997 but those days are over for the most part. Coin prices fell by as much as 90% in some cases.......where have you been?

Your third quote:



<< <i>Want to turn a "hot" hobby ice cold? What amazes me is how such a highly discretionary expense for 99.99% of us is treated by those selling to us. Sellers want you to believe your collection is worth"less" if it is not certified and MS99! Rude dealers are my pet peeve. How do they expect someone to drop big $$ when they treat them with disdain? I have observed this from afar on 3-4 ocaissions in the past 6 months at coin shows. If there ever is a turn off it is poor dealer attitude which can sully the hobby. My pet peeve is dealers who are rude to kids, didn't most of us start as kids? >>



I could not agree more although for coins worth more than $50 to $100; having them certified does improve their resale ability whether a collector or dealer. Yes, the rude dealers have always been around and I stay away from them too.

Kids should be #1 as they are indeed the future of our hobby! Indeed you don't start off getting them crazy with slabs in their first few years. An inexpensive slabbed coin is nice as a gift, though.

DesertLizard

Oreville,
Glad I did not have spelling mistakes two!

BSqr

Take a look at David Hall's market update. He classifies 3 categories of coin as 'nuclear' - I was glad to see one was modren commems -- nuclear...

zenny

Bsqr

it is very important to acknowledge the source of your "information." David Hall Rare Coins is "a division of Bowers and Merena Galleries - a Collectors Universe Company." they sell only pcgs coins, and to the best of my personal knowledge, the vast majority of coins they sell/advertise are the same "nuclear" coins that are being hyped.

this is not to say that they are not now, nor will they in the future become "nuclear," merely that the source of that opinion stands to gain should you or anyone else read that opinion and act upon it. (especially if you were to act upon it by buying the radioactive materiel from the rainmaker himself.) so please consider, deeply, the vested interest of the source.

with respect to my opinion of the "hotness" of the coin market - i will agree with any and all who say the market spans the breadth of possible temperatures. obviously original, toned classic commems and early silver seems to be doing very well, perhaps best, along with, of course, the occasional unique double eagle.

BSqr

oh sure. of course I take that into consideration. but David Hall is not a penny stock trader on the yahoo message boards pushing some fly-by-night tech stock in 1999.
a company desiring to build strong customer ties does not hype this and that. this strategy does not make for good long term relationships and lets face it, would they rather sell a coin to a person once or over and over. I think most people (who know the value of a dollar) think about a purchasing decision carefully. If a buyer felt that the dealer was simply hyping in order to make a sell I doubt they would come back again. I know I wouldn't. In the end I understand your point but also appreciate (from a business standpoint) the value of developing long term customer relations. I mean how often does a previously unknown person walk into a dealer off the street and plop down 5 grand for a coin. By the way, I have bought a hand full of coins from DH and feel like I've gotten a fair price for high quality coins. just my opinion, I could be wrong (and if I am I'm sure someone will let me know)

roadrunner

I was a subsriber to David Hall's Inside View for several years in the middle 80's and then again in the later 80's. It's clear to me that the hype is usually there and the negative side of coins rarely mentioned. I just got tired of reading the same old stuff. The 10-1 "Moon shoot." The web site market indicator with nuclear thermostats is a just a different spin of the same old stuff. Read it, understand the inherent biases, then make your own decisions. My only dealing with DHRC occurred in 1983 when I shipped him off a bunch of MS seated and Barber type worth about $2000 retail. I bought the Inside View's line than he paid the strongest prices in the country. I figured it was worth a shot to see where he stood. The offer for the coins amounted to about 40% of my estimated retail value. Once I got them back I then offered them to Ron Iskowitz who offered $1500 or so for the lot. I never dealt with Mr. Hall again and sold several more coins to Ron over the years.

I have never talked with the actual owners of the goings on with a major retail operation but I've always felt that they cater to the ONE time buyer. Now that buyer may buy just for one day, or for a few months or even a few years. But once the buyer realizes how much they truly paid for stuff that is readily available and that the selling dealer rarely wants to buy it back at even a fraction of its worth, they either go elsewhere, or never come back to coins again. The cycle depends on bringing in fresh, uninformed buyers for each go-around. 90% of those buyers won't make money, and won't come back the next time. But with the small size of our market, it doesn't require a whole lot of new faces to start the cycle going again.

Like Oreville said, coins are actually trading again. Decent ones and nice ones in most series. But to command the "hot" prices it has to either be in a registry series under great demand pressure, or an exceptional piece for the grade, date, series, etc. You got an XF-49+ Barber half or a MS63++ 1894 dollar and want to sell for greysheet bid or higher......those are hot coins. Everyone will pay you bid for starters.

roadrunner

Bear

Orville - Yours was, I believe, a very studied, in depth evaluation of todays coin market . Red hot markets,
like the final stages of a solar life cycle, tend to end in a big bang and then form a black hole. Better warm
for a continuing , lengthy and healthy market , for collectors and dealers both. Bear

FC57Coins

I agree with most of the opinions put forth here. I think that there are certain niche coins - toned gems, extremely scarce issues, and classic gems such as pre 1936 proofs that are experiencing an upswing. Others such as very high grade moderns are experiencing what I feel to be an artificial upswing due to registry fever and hype. Eventually, it will be shown, in my humble opinion, that these coins are not as remarkably rare as we would hope they would be, and the market will realign itself. I don't think we're going through a period where the market is going through the roof like in the late 80's - there seems to be too much hesitance in the air. There are collectors who will spend through the nose regardless because they have the means. Good for them. For us working stiffs, the market is luke warm I think - some good deals to be had if you're buying, but if you're selling something that's not "really really really" rare or unusual, the market is kinda chilly.

Frank

dakra

In my opinion, I think the economy is effecting everything from Ebay to the Coin Market. In the past I have sold items on Ebay and made a killing but I slowed it down a bit as I noticed less interest and lower bids... even a few non-paying bidders :-)

When the economy was good, people were spending left and right but now when they realize that they don't have as much money and they are not willing to spend it. I will say this, if you have the money then you could probably find some good deals out there. Even me... I said I would never sell any of my coins but now it looks as though I will be selling a few select pieces to suppliment the household budget. (although I have not done so yet)

As with the stock market, if your looking to make a few bucks down the road with coins, now is as good a time to by while coin's are in their "bear" market and the best time to sell is when coins are in their "Bull" market.

-David

Bear

Gee , Buy low and sell high! Why do I always seem to do it the other way around. Bear

ms700

Great thread! I like the idea of lukewarm, warm and very warm before going to hot.
I hope the coin market stays warm for another 10 years! Then I will have a chance to buy more coins without getting caught up in a buying hysteria.

roadrunner

www.wexfordcoin.com has an interesting editorial from August on the current state of the market.

roadrunner

rkfish

I too would have to agree the "market" is lukewarm at best right now with select series, pieces, being "hot."

The summer market is usually very slow with ebay being extremely slow (has been the last four years anyway) as people are taking summer vacations and I still think some people are a little hesistant to part with their money with the turmoil in the world today. It does appear that ebay is heating up slightly as the summer comes to an end. Ebay still provides a great venue for the collector to sell his dups for a fair price. I think the auction houses are a great place for the "hot" series, pieces, right now and worth the wait for your money.

It will be interesting to see what the winter months have in store for the market as a whole.

TCiccone

Ok Ok I'll throw my nickel in (inflation adjusted 2 cents)

Great discussion here!

The first issue is timing:

I have been playing on Ebay for a few years now and it definitely seems that EBay changes with the seasons. My Ebay sales usually heat up in the winter and slow down in the summer. I tend to believe EBay per say is somewhat dependent on the weather. When it is cold out, people are more apt to spend time inside in front of their computers. And vice versa when it is warm out, many people are out enjoying the weather while they can! They probably tend to miss more items that are on their watchlists and spend less time looking forward as to what is coming up for bidding. This is not to say that coins cannot be sold during warmer months, just the mode of sale may have other forces that one may not be thinking about.

I think the coin market is definitely on the higher end of the scale over the last 5 years in general, and will continue to do better. I have seen it in Mercury Dimes which is my primary focus. Sales of medium scarcity (whether it be grade or condition) seem to be drawing good prices and activity. I see it in other areas that I have interest in too.

I hate to be the bringer of bad news but my professional opinion is....the economy is going to get a lot worse.....a LOT worse! As to depressionary forces at hand, unemployment is creeping up, BIG companies are continually and will continue to declare bankrupty leaving many people out of work. The stock market has yet to see a bottom and the next wave down will be panic striken with crash type forces at hand! The dollar is weakening overall which will bring additional problems such as INFLATION as the government continues to open the money supply in an attempt to support our currency. Foreign investors will have less and less reasons to be invested in the US whether it is in the stock market or real estate. Many people are turning to real estate for investments and income.....the signs of a top are here!

The stock market wasn't a "bubble" but it was more of a fasad. We continually hear that earnings were lies and books were manipulated therefore suggesting OVERVALUATION of the greatest degree! Tulipmania was revisited and if you think the market is coming back think about the logic of...What reason does it have to do so? Convertible bonds are going to be a MAJOR next problem to surface! Companies are going to have to come up with the money to repay bonds because the conversion price is 5 to 10X the current stock price in many instances. Convertible bonds were used to finance much of "growth fasad" that had occured.

There will be a monumental shift away from paper assets (stocks) into hard assets. Coins may be one of the vehicles chosen. Coins typically do well in inflationary periods too. At some point there will be a shift from our current deflationary backdrop towards inflation and potentially rampid inflation.

Then there is the worldly problems be it financial or social unrest....Argentina, Brazil, China, India-Paki's, Palastinians-Israli's, US-middle East......shall I go on? We are in the process of taking out Iraq's air defense systems and we have 5 Battleships and 400 aircraft in place anybody want to bet that we are on the prowl? When not if! Then there is the homefront....middle eastern people are all over in the US. Do you think we actually know who the good and the bad ones are? We will have more problems and terrorist actvity here, believe me! When not If!

OK Ok that's enough for now before they link me to a PCGS message board member mass suicide. If anyone wants further substantiation on these views please feel free to PM me.

Other than that I do believe we will enter into a new bull market in coins as much of the problems unfold and people look for things of value they can hold onto.

Good luck and stay safe!

TC

roadrunner

TCiccone, you have thrown out some interesting points and I must have to agree with your overall assessment. The worst IS probably yet to come. Exactly what IS means still needs to be determined.
I still get a kick out of all the TV and newspaper stock analysts who say you should still be in for the long haul so investing now makes sense. These guys have no clue as every week we are either in a recovery with the worst behind us, or in a double or triple or quadruple dip recession. It's as if long term market trends are defined by a week's worth or two of activity. I just get tired of reading about it.
Real Estate can't be the one and only savior of this recession. It too will have it's day. Didn't we just learn that after 13 ears of stock price increases, that things must eventually end.

Coins could fare well in a future chaotic environment. Who knows, it just might be a good time to be into coins and precious metals. This feels like the acquisition phase of a rising coin market. Now the market must figure out how to restore some sanity to pricing coins: Greysheet, Blue sheet, computer quotes, Coin World, Coin Prices, wrong holder, high end, low end, too dark, too white, green insert, first generation, cameo, deep cameo, etc.

roadrunner




roadrunner

Bear

TC - While I agree with your assessment, you really know how to depress a little bear on
a Sunday morning. In order to boost my spirits, I had to eat a blueberry muffin with my glass
of chocolate soy milk. Bear

TCiccone

Remember this as an collector/investor:

Don't put short-term money into long-term investments.

Just like with stocks, you wouldn't put money you may need in the relative near-term into investments with a 5-10 year time horizon, would you? Treat your collecting habbits with the same philosophy!
Additionally be patient and look for low risk entry levels!

TC

agentjim007

All this guy wanted to know is why he's having trouble getting bids and you guys go off on some tangent. Anaconda just sold a common date Morgan Ms63 DMPL for $760 bucks, whats book?45 bucks ( I'm guessing). Well its marketing. I think I'm the only one that answered his questions. Anaconda takes pictures that accent the color. I bought one coin from Anaconda and it was a multi-toned Morgan when I got it it was nearly black and I returned it. He made this unattractive coin look awesome with his picture technique. I'm not "Dissing" Anaconda I'm sure most of his coins are awesome and this coin had a reserve of about $150 so it was chump change for him but I'm making a point. You'll sell those dollars better if your pictures were better. That nice CC PCGS MS66 you listed looks dull in the picture, I'm sure its awesome but the picture has to reflect that ( ha-ha reflect get it?).

edited because I can't freakin type.

TCiccone

agent you have brought a very valid point! Tangent is a true statement!

And I think the term you are looking for is LUSTER!

TC

dragon

TC,

You forgot the part about the oncoming global thermonuclear war, 98% of the worlds mammals, birds, and fish dead or poisoned by radiation, a massive tsunami devastating Japan and California, a massive solar flare boiling the earths oceans, and a meteor the size of Texas colliding with earth and finishing things off.

Dragon

Catch22

I suspect the lack of activity on ebay is due to back to school spending, vacation spending and a general outdoors mode to mark the end of summer. Once the weather turns colder and people spend more time indoors, I think the buyers will return. I always spend more on coins during the winter months than in the summer.

cladking

Well Dragon. It's like Rosanne Roseannadanna used to say. "It's always something."

TCiccone

Dragon

You may belittle my point of view and make humorous remarks all you want, if that is as far as your logic takes you!

The points that I have made are interpretations of what is occuring and what is potentially on the forefront with much analysis and research. I suggest you print the thread and reread it as the market takes out the bottom and makes new lows. Then look around as to what is occuring.

Until then, you may laugh at me all you want and remember "He who laughs last, laughs loudest"

My sincerest appologies to anyone who feels I have wasted their time or this thread.

TC

Bear

TC - A few days ago, I put out a serious thread of a rather grim reality for the immediate future.
I believe it unsettled a number of people coming as it did from the normally happy little bear.
You just keep those ideas and views coming. Serious events are overtaking this nation and the world.
the results will not only effect coin collecting, but will effect the way we live, conduct bussiness and handle
world affairs and government of the nation. Whether we are willing to fully accept the notion or not,
we are involved in world war III. We have just seen the opening scene, and the play will run for many years.

oreville

The one scenario that unsettles me is the following:

We go to war in Iraq................China then invades Taiwan........we will not be able to stop it short of nuclear war. End of story.

TCiccone

Bear

I am glad to see inteligence breeds inteligence!

Of you want to hear a real scary thought:

Under the acts of war which have not be declared many times in the past. We as people of the United States basically lose many of our rights. The government can tap phone lines, obtain search warrants, enter your home, try you in court and find you guilty without formally presenting you with all the evidence, and all they really have to do is say that you are suspected of terrorist activity! If you don't believe me, do a little research because as you said this is an indefinite war and the president has declared a "war against terrorism".

Most people have blinders on! We will just have to see how radical my views really are. I have been laughed off as a nut case predicting the top of the market in 2000 and suggesting that according to the Kondratief (spelling?) cycle, that we were approaching a war period. They're not laughing at me now, but asking me for financial advice on how to protect their assets and even potentially profit from some of the coming events.

TC

Nic

From the beginning of time the end has been near. This will never change. The coin market is a microcosm of such...like everyday life. I agree with Bear though expect better results long term. Sorry to get deep but the coin market is not yet having a "hurricane" party, and neither should we, unless just for fun ( they are great! ). K