Is this market slowing down?

seateddime

Have we hit the top?

13PacesEast

yep

Longacre

I think the number of common coins at auction indicates that the fuel for the market craziness might be running low.

carl

Yes we are at the top. No where to go now. So send me all your coins and I'll suffer the losses instead of you.

chabot510

i personally don't think so. I think this next month will be a good indicator of the market with a few bigger shows.

Russ

Yes.

Russ, NCNE

Russ

No.

Russ, NCNE

Russ

Maybe.

Russ, NCNE

tradedollarnut

There appears to be a lack of high quality fresh material to fuel the market ... but when it does show up, the prices realized are still very strong.

mgoodm3

I agree with Russ.

michael

: Is this market slowing down?



well it depends

for some coins yes and for othercoins NO WAY IN HELL not even close!!

it all depends

also if the market gets slower a big part will not be because of some coins getting top heavy it wiull be bacause that nothing is coming out and are in strong hands and you cant have a market if you got no good coins to trade

time for not all but many of you professional coin buyers out there to raise your bids and buy prices for the right stuff

you tight with a $$$....................................

TheRaven

Possibly

I hope so in alot of ways, I want to collect some stuff and the prices are making some of that very difficult

Michigan

The housing market is slowing down in many parts of the country. Not directly related to coins but money
seems to be getting tighter.

RedTiger

<< <i>Have we hit the top? >>



If this is the top, it is a sorry one, with so many coins that are flat to down during this bull run, and gold, silver and copper all having doubled or more in price during the past several years.

Recent thread about many coins that have not gone up in ten or more years. link

The humorous reply is it is a top on stuff that you own, but prices are going to double on the stuff that you want to buy .

tradedollarnut

It's a transition lull. Since grades are no longer going up, prices have got to go up to draw out the coins that need to be drawn out to satisfy demand.

HonoluluDude

Gold and silver haven't topped, so why would coins be topping?

Freak1c

I believe it is slowing down for some but not for others. Your rare coins will continue to appreciate. I think Gold and Silver coins will be sought after more so.

Freak

RYK

I agree with mgoodm3.

ER

I disagree with Russ.

CarlWohlforth

I disagree with mgoodm3.

BlindedByEgo

I agree with everyone who disagrees. It depends.

Bear

Perhaps, for those of you who like to chase the

price of coins you like, restraint might be in order.

No tree ever grows to touch the sky. Be prudent, better

buying prices may lie in the future.

RYK

I disagree with CarlWohlforth and ER...and half-disagree with, Russ for that matter.

When I see nice, original XF Dahlonega $5's readily available for under $2000, I will agree that the market is slowing down...and I will buy some.

Dukie101

To most Dealers it's an up market when selling their coins,and a down market when buying your coins.

Michigan

Early stages of a market slowdown that will pick up steam into April with many dealers forced to sell coins
in order to pay Uncle Sam their taxes on all the profits they have made over the past year.

Well... someone had to go out on a limb instead of being wishy washy.

BrokenArrow

Russ you seem to be a favorite on here, so my suggestion to you, GET OFF THE FENCE AND TAKE A STAND! My thoughts on the market, the calm before the storm, hurricane season is only 2 months away, warm weather makes people reach into the pockets for self need.

Russ

<< <i>GET OFF THE FENCE AND TAKE A STAND! >>



I did take a stand. I just changed my mind.

Russ, NCNE

Fletcher

Hold on ... <<shake, shake, shake>> ... wait for it ... hmmmmmm, "IT IS DECIDEDLY SO"

Myqqy

No tree ever grows to touch the sky.

I did not know this that you speak of.....

291fifth

The percentage of coins that are still in demand has topped.

Michigan

<< <i>Russ you seem to be a favorite on here, so my suggestion to you, GET OFF THE FENCE AND TAKE A STAND! My thoughts on the market, the calm before the storm, hurricane season is only 2 months away, warm weather makes people reach into the pockets for self need. >>




Gas prices might be hitting $3.00 a gallon by May from what I have heard.

There is some self need plus all the price rises associated with that if it comes to pass.

BillJones

I think that the market was poised for a slow down eight or nine months ago, but then the prices for gold and silver shot up, which give the coin market a big boost. If the metals lose steam, the market will too. The question is now that the (East) Indians and Chinese have a lot more money to spend, the price of gold might continue to increase. From what I’ve seen people from those cultures really like their gold and are ready to keep buying it.

thebestMAX

I cant even agree with myself but I agree with Russ. In so many words he said "The market will do what the market will do". Unseen and unknown factors will intervene and we will find out when it happens.

cladking

I'm a big believer in anecdotal evidence to mark tops and bottoms and there is none.

The fundamentals still look strong even if larger economic trends might cause a slowdown in growth.

SamByrd

The coin market is adjusting a little in my opinion. The key lincolns and other series keys are still jumping up as well as some items like nice circulated Barber Halfs, I also have heard there is a shortage of truly nice early type and copper on the market as well as a strong demand for keys these items are bringing strong prices still.

curly

Gee, I sure hope the hobby is slowing. That's always good for the collector (me).

ColonialCoinUnion

<< <i>I think the number of common coins at auction indicates that the fuel for the market craziness might be running low. >>



I'm a bit lost on the logic here. Wouldn't a dearth of high quality coins at auction (assuming one agrees with that assessment) be an indicator of the fact that the market has sucked up everything good like a big Hoover?

stockwiz

to coin a phrase... it's a coin picker's market.

topstuf

It's simply a seasonal adjustment to localized irrational exuberance which should correct by implemeting a passage of the timeframe.

mrearlygold

Depends on the series.

dizzyfoxx

I agree with so & so, and disagree with the other guy. What this equates to is...

Heywood

Agree with " depends on the series"

Some coins seem to be slowing down, while others seem to be picking up.

My other vice- Obsolete $2's are getting scooped up rather quickly.

( Sure sign of a market slow down is when everyone calls the series HOT!!! L@@K!!!!)

jdimmick

I believe we are in for a change, it will be very selective what continues to advance (some still will very well), others will fall flat and before the years end we will see significant discounting on items as well. Buy the right coins and enjoy collecting them and you dont have much to worry about.

jim

Baley

I'm looking forward to the "market slowdown" in pre-1807 US type coins, particularly gold.

What I would really like to see is a "market meltdown" so's I could get the rare types I need at prices I can afford.

roadrunner

Only the "right" coins will continue to appreciate from here. And very few people own the right coins, unfortunately.

If one takes the yield curve inversion as gospel, one could predict a slowdown 9-12 months out from here, not sooner. But as already mentioned, with gold and silver still pumping away there is plenty of life left in the right assets. All I can say is I see clear sailing for at least 6-9 months. And at that point, we'll look at things again. As long as gold and silver do well, it will be hard to turn the coin market, even with an economic slowdown (where people are looking to hang tight in metals and commodities).

roadrunner

homerunhall

In the past 40 years I've been thru three complete cylces...big bull run to crash.

This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.

If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.

Guys...we're just getting warmed up.

Personally, Van and I are putting a lot of money in top quality coins and taking some big positions for the future.

Am I positive coin prices will continue to rise...no. But I'm placing a pretty big bet that they will.

Buy what you like...have fun...stay healthy and out of debt!

David

Bear

OUT OF DEBT! I havn't been out of debt

since the day I was born.

TwoSides2aCoin

I've been purchasing from the mint for a few years. Like a dummy... I let these Franklins slip by me without a second thought. Now if I want one.... they are practically twice the price just out of the gate.

Call it slowing down, but my wages sure didn't rise that fast.

mrearlygold

Michigan

This is the fourth time around for hrh. I assure you this market is nowhere near mature. If you were really active in 1977-1980, then you know what true market heat is...with everything going up...everything..if it was round it was hot...pure white heat hot. This market is not even close to that...it can get a lot hotter.

If you were there in 1981-82 then you know what a true top and crash looks like...when nobody wants to even look at your coins, let alone price them. Bid would be $1200 on a coin and maybe Kevin Lipton would pay you $300...maybe, if he had a place for it...maybe.


This all happened in the days before slabbing. There are different
market forces at work these days. Making a direct comparison of
the past to the present might not be reliable.

The "top" for then might not be the same for the "top" now.

There are different economic forces in the world now than there
were back then that can have an effect on the coin market in
various ways.

KevinMcMillen

The market for common coins is in a holding patteren, if they make a run like in 1989 we will see more coins come on the market. In 1989 common ms65 dollars were worth more than ms66 common dollars now. With rare coins it only takes a couple of people that want them to push prices higher. Like David said stay out of debt, the people that leveraged coins in 1989 took a big risk some lost it all.