Why the constant coin hype?

byergo

The PCGS front page looks like a car dealers advertisement.

Now they say the coin market is "H-O-T!" I guess "hot" just isn't H-O-T enough for the PCGS hype machine?

Give it a rest guys.

Wondo

They are trying to appeal to the up and coming young numismatists by spelling the three letter words!!

kieferscoins

YN's can spell Hot any day. Many YN's are alot smarter than the average kid their age.

www.ynaclub.org

Cameron Kiefer

ElectricEye

The coin market is UBER HOT!!!

jeffnpcb

It's been that way for the past several years. On and off after every major auction event with a ton of PCGS coins being sold at record levels. I wish they would start a new trend by telling everyone that the grey sheet and other retail prices are outdated as soon as they are printed.
The coin hype with rare coins will always be there in the marketplace. There were an X amount minted and the current pop of those coins won't change very much! [not all rare coins are sitting in plastic] You just have to reason that these coins maybe just keep going through auctions over and over again for profit reasons. I wish they had a report off the cert.# that tells how many times a coin has hit the block!

Bear

I remember the steamy coin investment times of the late 80s. The dealers had to keep

comong up with superlatives each to top the preceeding description. We had Hot, red hot, sizzling hot

white hot, stone hot, four alarm hot and the ever popular ,solar hot. It got so hot, I am a little

suprised that collectors were even able to get near enough to the coins to look at them.

Julian

the grey sheet and other retail prices

In my opinion, the above is a mis-statement. The grey sheet (Coin Dealer Newsletter) is designed to be a guide to wholesale values. Consumers that are able to purchase correctly graded material at these levels should consider themselves fortunate, but should not depend on building a meaningful collection in that matter.

Jaredc

Well their new PR guy may have something to do with it. At least they gave him a job in this shakyy economy.









*this attempt at humor may cost me (sorry for my rather poor computer skills in this area) so if I am not around i'll be on the other side of the pond if needed.

ANACONDA

It's called marketing. I'd rather be involved in an industry where people are excited about what's going on and who are trying to be
proactive in making things happen as opposed to being involved in the Procrastinator's Guild, which of course has never met or
done anything.

adrian

paigowjohnny

en fuego....just LQQK !!! L@@K !!

dorkkarl

such babble-hype affects me not in the slightest, other than being something to laugh at. i collect coins I LIKE. i don't give a damn what pcgs or anyone else tries to TELL me to collect, or what "everyone else" collects

K S

lclugza

When was the last time a dealer admitted "This coin market is ICE COLD! Prices are crashing!"

RYK

I would love to come to the PCGS site one day and see the following article:

Coins Overvalued

The recent North Mid Upper States Coin Society Show (NMUSCS) was a total flop! Held in not-so-scenic Gary, Indiana, the 82nd annual event was a disaster. Ninety percent of the auction lots from the Heritage auction, and 5% failed to meet the reserve. One of the 1904 $20 MS-62 offered for auction without reserve sold for the record low price of $18.00, including the buyer's premium and shipping. When interviewed about the record low sale price, the anonymous seller responded, "What the heck do you expect for a population 100,000 coin? Next time I will mark up my reserve to at least face value."

Joe Schmoe III, of Joe Schmoe Rare Coins (JSRC) commented, "This was clearly the worst show I have ever attended. I am thinking of packing it up and going back for my GED. Grandpa Joe never told me there would be days like this." And he was not even one of the three dealers mugged at gun point, each with a full sachel of rare coins. One unnamed dealer was shot by the assailant in frustration because the dealer could not offer up any cash. "What do you expect?" he pleaded with the armed robber, "I did not sell a blasted thing!" just before the shot was fired.

When interviewed about the market , in general, Harriet Huckleberry of Coins Are US Unlimited stated, "We have not bought or sold a coin in over four months. Prices are ridiculously high, buyers are scarce, and the coins that we have in stock are so crappy that I am almost embarrassed to be in the business. Almost, that is. This is off the record, isn't it?"

ANACONDA

That was pretty good.

ER

RYK,
Oh, don't worry, you'll see it happen, on the day that h_ll freezes over.

ohbaby

RKY,

Great! Not that I hope that happens but if it did that would mean lots of coins I could buy cheap!

cladking

Gary, Indiana has turned the corner and is making a comeback. Perhaps they will
be hosting a major show before the time the coin market turns back down.

lclugza

Oh, there have been crashing prices in coins before (see 1980 and 1989), and there will be some day again, but the next time it happens I don't think the dealers will say too much about it.

mrearlygold

Kind of like real state sales people. Most have no idea how to do anything other than use platitudes and hype to sell something. But there are a few of us who report the reality of the marketplace. Otherwise, it's hot when you wanna buy and not when you wanna sell, or get the "story" it's hot over there but not over here and you shoulda listened to "me" blah blah blah and blah.