What if... we got together to manipulate a series?
RegistryCoin
Posts: 5,117 ✭✭✭✭
Say we picked an under developed series and "worked" it...?
Make a mkt? Make a mint?
Make a mkt? Make a mint?
0
Comments
Any series that small amounts of money can control will be better spread among as
many hands as possible.
It seems improbable that even a large group could gain good control of any of the classic
series. Three cent nickels even have too much value to manipulate. The logical series to
attempt to control would tend to work against my purposes since I'm already into most of
them. It would be best for me and the market if no one can gain any real control over the
prices of these coins.
If a market could be controled it would probably be profitable but not wildly so. Prices would
escalate as they are being bought up and would fall as they are sold off. The power might
come in changing perceptions about the horded coins. If you could convince people that Bar-
ber proofs are much scarcer than they really are while you are controlling the supply then it
should be possible to maintain a higher price than supply alone might dictate.
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
<< <i>PCGS Lincoln cartel >>
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Tim
If I recall, wasn't there someone on this registry that was buying up all the MS64 + Washington quarters for a certain date, like the 1955's?
Later,
Paul B. Gunsallus
Later, Paul.
Myself, I am hoarding a particular coin with the goal to start pushing the price after I quietly acquire a sufficent quantity. So far since I started this about a year ago the price of this coin has more than doubled in price. As long as I continue to take this coin out of the market the price will likely slowly continue to increase. I consider this part of my retirement fund and don't plan on actually putting them back into the marketplace for quite some time. The trick is to pick a particular coin that has a low survival rate or mintage. The coin I'm hoarding has a low mintage (much smaller than 1932 D or S quarters) and low PCGS population numbers (well under 1000 in all grades) and is still very underpriced (sells for much less than 1932 D or S quarters). One word of warning for anybody considering this, it does tie up a lot of money. Considering the Long Beach show next weekend I plan on picking up all I can find, I expect to find another 8 to 15 of these.
J&J Coins
website
Wild Ebay Toners for sale
The big O
<< <i>Why don't you guys start by manipulated the mint state Kennedy Half market. >>
Close, but make that the early date (1964-1970) coins, and include proof and SMS.
Russ, NCNE
you should talk to the PCGS Lincoln cartel
Who are they? I'd like to get to know some of those guys.
roadrunner
roadrunner
Isn't the PCGS Lincoln Cartel controlled by Lauren's Lincolns ?
Isn't she the 12 year old who likes pennies and buys the best.
Word is the cartel USED to be controlled by Gerry but he's washed up as Lauren is very much in control as evidenced by events which took place in Florida.
Stewart Blay
don't be sorry for kick starting these guys
I take your thread as a what if? and nothing else...and I don't think your
the only one thats ever asked that question.
Go BIG or GO HOME. ©Bill
about 30,000 mint sets on the market at about $3.50 each. Toss in the 50 or 60 rolls that
you might be able to find with a lot of people looking hard @ ~$15 each and it looks real easy
to control this market.
Sure by the time you suck up 30,000 1971 mint sets the price will more than double and up
to about 400,000 more will flow onto the market to replace them but this would still be very
cheap. Rolls were never saved and most of the mint sets have been destroyed so this would
have to be easily done.