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Name a numismatic "one-way-market".
291fifth
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A "one-way-market" is a market in which the seller wants to sell his item for big bucks but won't buy the item unless he can "steal" it. Name a numismatic market segment that is a "one-way-market".
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<< <i>Most moderns. No doubt about it. >>
A lot of foreign too.
There are a few "one way markets", but it benefits no one to list them and very few bashers seem capable of seeing the forest for the trees.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
there can be a huge spread between wholesale and retail. Rarities can be sold if you can find
a buyer and commons are easily sold wholesale. The problem comes in between since buyers
are difficult to locate.
These are fantastic areas to collect but it requires a much more "hands on" approach. The best
bet is to trade with other collectors who are a little more advanced in the specific field than you.
Some of these are so cheap that collectors don't worry too much about what they can get back
for them anyway.
<< <i>Tokens, medals and casino chips >>
Andy, that is an UNDERSTATEMENT. I also......despised.........."silver strikes" ...in the shop. (Maybe those are included in casino chips.) Stupid goofy things with nowhere to go. A few on ebay but most went to a "roadie" who ...traded...them for what he wanted in his own collection of goofy stuff.
There's a BULLION ...one way...market also. 40% clad circ Kennedys. People sell but only wholesalers and refineries buy. And.....strangely..... it's the absolute BEST silver play as the stuff sells for below melt and the "face" value protects over half the investment.
And I'll add another vote for moderns and foreign.
When I started collecting Civil War and Hard Times tokens years ago, I kind of viewed it as a "one way" purchase. The mark-ups from the leading dealers were quite high (although some are FAR worse than others), and the chances of getting my money back seemed slim. The saving grace was that the items were relatively cheap and in many cases more interesting than coins.
Soon after the Ken Burns Civil War series was shown on PBS, the interest in Civil War tokens started to rise. Today it’s reached the point when tokens I purchased for 5 to 10 dollars are now worth at least 20 to 30 dollars and often more. Rare pieces have gone up even faster than that.
Here’s an example. Years ago I put together a complete set of the obverse die varieties of the CWTs that have Lincoln on them. For whatever reason this customer decided that he was no longer interested in the set and offered to sell them back at the price he paid. He was a good customer so I did it, although I thought that would take a while to get the deal to work.
After showing the pieces at a couple of shows, I consigned the tokens to a well know dealer’s auction. I added my cost plus his commission as the minimum prices. He thought that the prices were too high, but we were both amazed when the tokes sold for, overall, more than 20% over my minimums. AND every piece sold. There were no buy backs.
Tokens used to be a one way market, but they aren’t any more.
<< <i>
And I'll add another vote for moderns and foreign.
This doesn't apply to world coins either. World coins are another niche market albeit a large
niche market. Mom and pop dealers do not pay market prices for this kind of material because
they don't really know what it's worth. That does not make them worth what the corner store
will pay! Most world coins have established home markets with buy/ sell spreads which are not
necessarily that much different than ours. Knowledgeable collectors in this country generally
will deal pretty close to these levels.
Those who think you can buy and sell all numismatic and exonumismatic material with their fav-
orite classic US coin dealer are living a very sheltered life might have a very distorted view of
much of the hobby.
Colorized State Quarters. Bleeeeech.
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Russ, NCNE
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Colorized State Quarters. Bleeeeech. >>
Ditto for those "rare" gold plated state quarters.
I about fell out of my chair one night when the barker on one of the TV shopping club coin shows told us that colorized state quarters were "a great investment." He went on to say that, "Everyone should buy now while the supplies last." Where is the FTC when we really need them?
<< <i>"Modern Crap".
I wouldnt quite put it that way, but I think there is a lot of risk involved in this area.
<< <i>Is this an alternate universe? Bill just passed up the perfect opportunity to bash moderns.
Russ, NCNE >>
After you know what, I'm keeping my nose clean these days.
<< <i>Is this an alternate universe? Bill just passed up the perfect opportunity to bash moderns.
Russ, NCNE >>
When the water's rising it can be more important to take care of your own than anything else.
How one defines those terms is up to the collector . . .
Liberty: Parent of Science & Industry
I about fell out of my chair one night when the barker on one of the TV shopping club coin shows told us that colorized state quarters were "a great investment." He went on to say that, "Everyone should buy now while the supplies last." Where is the FTC when we really need them?
I had a lady come to our shop a few weeks ago to sell her coin collection, which was assembled almost entirely from CoinVault and whatever the other coin-scam TV show is. The first thing I told her was, "I think you should sit down for this one". I purchased the slabs and she only lost about 50% of her money. However, she had a huge bag of state quarters....some normal, some gold plated, some colorized....they were all in plastic capsules that must fit into some sort of display. She paid waaaaay too much for that stuff. Then she stated that the guy on TV had claimed that these were great investments and could only go up in value. I told her to simply call the TV people and ask them how much they would pay her for her state quarter investment. Then I pulled a few state quarters out of my pocket and matched them up with some of her investment coins. She got the point and you could see the light bulb turn on in her head. She took the coins with her.
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<< <i>SS Republic coins in those huge wood cases, with the "shipwreck effect" grade by NGC. >>
Excellent choice! I forgot about those things, but that is surely a one-way market.
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I think Franklin Mint, and it's counterparts ar the ultimate one-way market.
<< <i>...and if you say it again I'll post a link on the darkside >>
No, cladking, noooo!!!!
The ....darksiders..... are MEAN! They'll GET me.
I'll probably get flamed for this, but Morgan dollar VAMs have suffered from the one-way market effect for years. VAM collectors like to rip obscure VAMs from dealers for common variety price, but how many of them pay retail prices for coins that have already been attributed? The excitement in VAM collecting has always been to buy scarcer varieties for the price of a common one, and that excitement vanishes if the coin is attributed and priced correctly. The situation has improved somewhat in recent years, but if you doubt me, then take your collection of rare VAMs to a show and see how many dealers offer you a strong buy price.
I have never heard of any dealer offering extra money for VAM's.
I have never heard of any dealer offering extra money for VAM's.
You just have to find the right dealer. We don't even deal in Morgans, but we will pay a premium for certain Top 100 VAMs. But you are correct in one regard; most dealers would rather cherrypick a VAM than pay a premium.
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and it sets us apart from practitioners and consultants. Gregor