What do you think of the coin MARKET right now? Is it ready to soften up?

SethChandler

Is the FUN show in Jan going to set the tone for 2005?

Are we going to new levels overall; or only in certain areas?

How important is the price of gold/silver to this market?


Seth

Hedger

If silver prices rise past $8.00 ounce I would assume you will find more in dealer's stocks. It will affect the hobby positively if selling, negatively if buying unless you are a dealer of course. As for new levels, I suspect they are going to rise especially for moderns. Never been to a FUN show.

Longacre

I got a letter from Heritage on Friday, almost begging me to consign to them. I think they might be trying to keep the momentum going.

Catch22

<< <i> got a letter from Heritage on Friday, almost begging me to consign to them. I think they might be trying to keep the momentum going. >>



If that is the case, they've been begging for years, 'cause they do that all the time.

KollectorKing

"If that is the case, they've been begging for years, 'cause they do that all the time."


And beggars can't be choosy

ziggy29

I'm personally seeing absolutely no signs of slowing down or of declining demand/competition for the stuff I'm seeking.

Russ

The coin market has softened and will continue to do so. The run is over. There may be be a few upside blips along the way, but the overall trend will be down.

Russ, NCNE

Bear

The sky is falling, the sky is falling. Chicken little told me so.

Baley

I'm personally seeing absolutely no signs of slowing down or of declining demand/competition for the stuff I'm seeking.



I recently paid about double "trends" for a very rare coin I wanted.

badger

Russ,

What are you seeing about the market? I'm still seeing high prices for high quality/scarce coins.

dragon

I would for the most part agree with Russ.

Russ

<< <i>Russ,

What are you seeing about the market? I'm still seeing high prices for high quality/scarce coins. >>



You can't judge the market as a whole by focusing only on the upper tier. It's just like stocks. The weaker ones soften first, the ripple effect begins, and soon enough the downturn works it's way to the top.

Russ, NCNE

SethChandler

Seth

tradedollarnut

It has definitely softened some ... tho it still could solidify and head back upwards. Probably $200M in coins changed hands last year ... that's enough to give any market indigestion for a bit.

prooflike

no way, it's just getting stronger!

prices are up across the board and going further up with no letup in sight...

WaterSport

I think things are getting more balanced. However the national economy is really in bad shape and the long term looks very bad. If you really want something good, wait about two years.

WS

Barry

I got an unsolicited call from someone at Superior last week, asking me for a want list.

The begging's beginning!

OnlyBuffalos

I believe on the whole the coin market is steadily moving forward. Certain areas are particulary strong; namely, common date gold and silver where many speculators are buying coins for their bullion value. At a recent show several buyers bought all the common $5 gold commemorative coins that were offered at $110 or less and the common $10 gold at $220 with condition not a factor. Two weeks earlier these type of coins had few takers. I would anticipate better date modern commemorative gold/silver to be positively impacted very soon if the price of gold/silver continues to rise.

Bust half dollars in PCGS holders graded AU50 or better, presently sell for way over greysheet ask if they can be found. Alpine and Dick Osburn can name any price for these coins and they sell quickly.

In my particular interest area, the better date Buffalo nickels like 1913-S Type 2, 1914-D, 1915-S, 1917-S, 1918-D, 1919-D, 1920-D, 1921-S, 1924-S, 1926-D, 1926-S, and 1927-D in XF to AU (properly graded) cannot be acquired at less than 125% or more of greysheet ask.

Can't really credibly comment on other areas.

oreville

Lincoln circulated wheat cents are super strong. Running at least 3.2 cents retail and 2.7 cents wholesale. Except for those found in circulation which are still priced at face value, finding a full roll of them have being quite strong all year. Shows no sign of weakening.

We will need to get updated numbers from our expert junior high and elementary school coin collectors!

Indian head cents also strong. Supplies are thinning except for the one bag re-discovered by a PCGS poster. Our high school coin collectors need to be consulted for actual prices.

This strong market have been affecting other coins upstream. The added increase in the cost of the copper prices has only added price pressure to these wonderful coins.

morgannut2

I think the basic economics of suppy/demand are going to soon catch up with this market at some point. Through the auction houses, collectors are dumping a giant quantity of "stuff" on the general public. With these extra auctions selling double to triple the usual numbers of coins, the market in some sectors is showing weakness already. However top quality is always tough to find. Hence I've been selling off everything that is replaceable for about 6 months, but shop for anything "special" in my area with the proceeds for a long term (15-20 yrs.) hold.

fountainheadgold

<< <i>The sky is falling, the sky is falling. Chicken little told me so. >>

roadrunner

It wasn't more than a few months ago that you couldn't touch a nice seated coin. There doesn't appear to be any accumulations of nice ones being offered, even at auction. Anything average though is sitting...I do agree with that. PQ is still strong imo.

roadrunner

Bear

This is as I see it.

A falling market is when I am losing

my ass while everyone else is making money.

A rising market is when everyone else is making money

while I am still losing my ass. Now, does that clear everything up.

oreville

Bear: You are supposed to be hibernating?

If not, LOL.

Coinosaurus

I hope it crashes and burns. Anything to finish my proof $20 date set

techeff

I hope it crashes and burns. Anything to finish my proof $20 date set

BowTieCoins

As for the last 3 weeks on E-bay for lincolns, Prices have been on a sharp rise. This in light of very low prices a month ago. Common ms66 average is double. coins in the 100-200 range seem up about 10-30 percent. Sold 3 62-d in 66 over the last few months. Last week one sold for 240.00 this was 70.00 higher than the other 2.. Will be listing a ms67 58-d and a ms66 63-d tommorow and expect strong results. But who knows.

Purple73

When was the last coin crash?


Chris

MrEureka

When was the last coin crash?

1990.

Don't worry. It could never happen again.