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Hot Coin Market
dollardude
Posts: 1,263
Read PCGS' new article at Silver Dollars, Gold and 20th Century Material in Tremendous Demand as Market Rocks On. Here is a quote:
"Gold, 20th century "modern" coins and silver dollars continue to lead the sizzling rare coin market as the final month of 2003 approaches with a rush. It's as though no one ever heard of a "December slowdown" or a "Christmas time fallback" or any of those other terms that used to explain the relatively quiet period around the holidays."
My friend, Michael Casper, says that high quality Morgans are going up in value and are hard to find at any price. Great news!
"Gold, 20th century "modern" coins and silver dollars continue to lead the sizzling rare coin market as the final month of 2003 approaches with a rush. It's as though no one ever heard of a "December slowdown" or a "Christmas time fallback" or any of those other terms that used to explain the relatively quiet period around the holidays."
My friend, Michael Casper, says that high quality Morgans are going up in value and are hard to find at any price. Great news!
Author of MrKelso's official cheat thread words of wisdom on 5/30/04. 
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the newbies will become an increasingly important part of the mix.
Many of these returnees are very motivated to complete sets and have wider
interests than they did initially.
<< <i>My friend, Michael Casper, says that high quality Morgans are going up in value and are hard to find at any price. Great news! >>
Why is this great news?
<< <i>You know its a hot market when a smaller size West Coast Show (Santa Clara) is heavily attended by East Coast dealers. >>
I guess about 300 tables and just a little smaller than the Long Beach show is small to some.
Prices are not all that hot when selling those itmes to dealers, but they aren't passing on things the way they used to in the recent past.
I sold several coins at a recent show and never had to show any coin to more than three dealers before I had solid interest.
I'm having trouble finding high end morgans, PQ 67s and 68s and the few I did find were way overpriced.
Those middle of the road coins, MS63 through 65 must be going somewhere as dealers are grabbing them up and they don't have them for long.
I did notive that prices have been fairly low, rarely over Greysheet ask when I am shopping. I'm not quite sure how to describe this market except that there seems to be a lot of churning going on.
I was able to pick up 2 or 3 nice pieces, sell/trade 7 or 8 nice pieces and sell off the ones I wanted to move, co I guess I had a successfull show. Stil, it would have been sweet to see some real high end stuff that was available for sale.
Mybe I'm just rambling here, but its only is my .02
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I guess it's great news to me because I've been collecting these for the past few years. I think it's great news in general because Morgans probably take the lead in coins in general.
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<< <i>As far as I can tell, a hot market is only good for dealers and people who are disposing their collections. If you happen to still be collecting and buying more, I see absolutely nothing good about a "hot" market. The lone exception would be if you are a wealthy collector and want truly rare pieces currently in strong hands that only a "hot" market may pry loose. >>
I'd generally agree with this, but I think a "hot" market will be good for modern collectors too!
These coins are very poorly researched or known. More people looking at them will help to put
some light on populations, varieties, and locations of better specimens. It will also bring out
some coins that were never widely distributed.