Are dealer's asking prices now out-of-wack with collector's perceptions?

291fifth

Over the past week I have heard from some collectors who attended last week's Michigan State show. Several commented that they felt dealer asking prices are simply too high for what they are offering. Is this just a function of the Michigan economy or do collectors in other parts of the country feel the same way?

PerryHall

Agree. Look at the number of coins in auctions that don't meet reserve.

jdimmick

Looks like folks are finally starting to pass instead of stepping up each time to pay higher and higher prices for a majority of the items being offered. (thier are of course exceptions such as the morse sale and other specifics). Many collectors I know have simply stopped buying altogether and are even now selling. If lots of buyers quit buying, it wont be a pretty sight??

Darkmane

quality material will continue to sell at premium. so-so pieces wont. its around christmas (else: holiday) time, and many people are spending money elsewhere. i wouldnt be too concerned

ScarsdaleCoin

I think that prices have risen faster than sheets so people will need time to adjust....meantime new collector came to a show today....I would only sell him a redbook for $10 yet he was dying to buy thousands of dollars of raw coins....I tried to point out that he needed to learn a little and slow down......so the point is that there are still people spending money

TorinoCobra71

<< <i>Agree. Look at the number of coins in auctions that don't meet reserve. >>



Thats why you should start ALL of your auctions at 99 cents with NO RESERVE!

TorinoCobra71

Merc

Dealer asking prices have always been high. I think they give a high starting price and hope it sticks.