B&M, Heritage, etc. are really lacking an inventory...

ConstellatioCollector

An earlier thread had me lookiing at some of my bookmarked sites and there is slim pickins at these coin sites. Do you think that Ebay has taken it's toll on these auction (dealers) or just that the coin market is hot and people are holding what they've got?

291fifth

Another possibility is that the larger dealers have seen signs of a downturn and have been reducing their inventories over the past few months. Who knows what the truth really is, though?

geb209

When the inventory section first came back online on bowers, they had a good number of coins for sale. Then, about a week or two ago, poof. I imagine that they pulled most of them and put them in their upcoming auction. Which reminds me, I was anticipating viewing the lots in that auction on Friday, the date on which online bidding was to begin. Then, sometime on Friday, someone changed the date to today. LOL, I guess someone couldn't get everything good-to-go in time. Now, on top of that, nothing so far today. Maybe someone forgot that today was a holiday? Sloppy

Keyrock

Did you notice that the majority of the coins are ANACS and not PCGS and NGC........ (At least for the series I looked at when perusing Heritage's site).

ConstellatioCollector

You could possibly be right. But, how about the auction houses? Don't they make their living out of having an inventory to auction? Of course if the coin market makes a down turn then there will be a lot of selling!

291fifth

<< <i>You could possibly be right. But, how about the auction houses? Don't they make their living out of having an inventory to auction? Of course if the coin market makes a down turn then there will be a lot of selling! >>



I have often wondered just how many of the lots in major auctions are owned by the auction house. Many general auction houses often own a large percentage of the lots offered.

dorkkarl

heritage had a rep in st. louis this weekend scooping up coins by the dozen.

K S

Robgetty

I was surprised that Heritage said that there minimum consignment
for auction was $5,000. I have a few coins that I am going to be
selling; some of them were bought from Heritage, and others would
be easy to sell (1872 2 cent in PCGS VF35 - You NEVER find them in
nice affordable middle grades). They didn't want them as I didn't
have a total of $5,000. Oh well; hello Ebay!