RATE THIS MARKET

MoneyLA

Some of the big coin shows are over and the dealers are reporting a red hot, even a white hot market for coins. How do you view the market's prices? cheers, alan mendelson

Fairlaneman

For the series I collect you could say one of your options for different dates within the series. Overall I would say it is Luke Warm to Hot. White Hot would mean everything is selling for Moon Money but that is not the case.

Ken

cladking

I think this market is blistering hot. Oh sure, on the US coin forum I'd have gone with
red hot because there are still some series and grades which seem to be unaffected.
I say seem to be because even in these series prices are firming if not actually rising.
A coin which was a tough sell at 60% of catalog a couple years ago is now an easy sell
at 80%. This is effectively more than a one third increase.

Much of the heat is concentrated in the highest grades at this time and on this forum that
should constitute white hot. Perhaps more importantly is that every indication is that the
market is going to get a great deal better before it gets any worse. There are huge num-
bers of new and returning collectors and these folks are just getting started with their my-
riad collections. They are almost certain to expand on them and this process should push
increasing numbers of coins higher. This may be a bad thing for thiose looking to add to
collections but it's great for the hobby and those with completed collections or those look-
ing to sell. There are still many overlooked areas of numismatics and exonumismatics for
those who find themselves priced out of a specialty.

quattrocoins

Alan,
C.s. Washingtons seem to be heating up somewhat again after what seemed like a short "cool-down" period.

Proof Washingtons seem to have changed since you sold your set. The earlier ones ('36-'42)are stonger, but I see a lot of the later dates going for far less than 2-3 years ago.

Don

MoneyLA

Don, I think I got out at the top for the "registry mania" coins in the proof washingtons -- meaning the proof 70s that I had 1960-64. when pcgs changed the rules and gave pr69dcams more "registry points" than pr70s the value of pr70s plunged. as you know, I still believe that a pr70 coin is still more desirable than a pr69dcam because pr70 is perfect, now isn't it?

the pre-1950 proof washingtons continued to climb, however and I saw that when I sold my rainbow toned proofs a few months ago and my 1936 with rainbow toning fetched a nice price.

now, Im amazed at the prices that ms67 morgans are going for. I got one at the Long Beach Heritage auction but paid double what I paid for similar coins about three years ago.

cheers, alan

Steve27

There seems to be big money chasing a few items at the high end of the market, but overall I don't see this as a "hot" market.

Waldo

The full band silver Roosie market is white hot. I find myself paying prices for 66FB's that 6 months ago I'd have considered grossly overpriced. I still consider them pricey but now I just can't help myself!
The clad Roosie market is now over-heating also.

Bear

Perhaps a warm market is the best kind of market.

That should be enough heat to have legs. White hot markets

much like Super Novas tend to burn out and then implode.

Hotter for some series and grade, cooler for others. With the

normal type of rotation. Its livable.

MoneyLA

Bear wrote:

"White hot markets much like Super Novas tend to burn out and then implode. "

Excellent observation. cheers, alan