No floor bidders on Early Commems tonight at ANR?

BigE

Was dinner too good, too many drinks? Are these considered moderns? Was everyone looking at the dancing girls? Is the market crashing? What's up-------BigE

michael

only the monster toners higher grade are on fire and certain popular examples like lafyaette dollars and isabella quarters and with monster color even better

the market i think has seen many much higher populations in the last few years as compaired to the middle 1990's this holds the market down

also there are so many fugly looking and many many MANY overgraded examples in pcgs and ngc holders this holds down the overall market as such for them

and also there are many series more often than not that still have many MANY!!!!! uncertified raw CHOICE gem and superb gem examples waiting in the wings

a huge problematic market these early commems as it would cost many millions to clean up the dregs on the market and this aint gonna happen.....................maybe a good up and coming promotion is in order??

only time will tell

FatMan

Yep, definitely a two tier market. Monster color and Pop Tops go stupid money, all the rest stuck in the mud. For me, I really enjoy collecting out of the mud hole. Lots of appealing gem grade coins that can still be had at reasonable prices.

BigE

Yep Fats you are right, and michael too, but I couldn't help myself and I stuck my pig snout right in there and rooted a couple out!----------------------BigE

mrearlygold

The 50's sold and so I'm happy about that although the rest of the gold commems died. The consignor set an unrealistic reserve.

BigE

I bidded on the NGC 2.5 Pan Pac and it says someone else got it for 400.00 less, oh well maybe someone bidded more on the ones I got too-----------BigE

michael

well now we have the true answer

unrealistic reserves could be great coins but again unrealistic reserves this has been problematic with consignments

michael

i think gem to superb gem early commems that have great eye appeal and some coloration maybe not monster colors but nice coloration are great values in fact many of the more available series within the early commems are downright cheap in gem and higher with nice coloration

of course the better more expensive types are great in choice mintstate and higher

BigE

I will be happy with the piece of pig slop tonightText----------------------BigE

michael

superb original white and full breasts..................... from the photo

morgannut2

For two full days it was a two tier sale at ANR-- Monsters started at 2X the next higher grade, very nice average coins went to the internet or failed the reserve. Everybody spend their budget on the super coins they never see and everyone would really want.

Fountainhead

Some of the great coins seem to have gone to internet bidders. But yes, it was clearly a two-tier sale. I didn't see anything in-between in the golds I was monitoring.

Bear

This two tier poses something of a problem. As the gap between both markets widen

and the softness in the lower tier continues to increase, this is a red flag. The lower tier

is what raises the cash for the top tier by many dealers. A point in time will come when the

top tier comes to a screetching overnight halt. This occurrance couples with a weak lower tier

will cause a long period of rebuilding of confidence in the coin hobby. I can't say when this will

happen, but the likely hood of such a developement is increasing. The things that need to be done

are as follows:


1. Weed your collections of all coins that are weak

for the grade, ugly or were purchase mistakes.

2. Attempt to improve your cash position for opportunities
that might appear in a down market.

3. If you have coins in your collection that you wish you had
never bought, then sell them, auction them and get rid of them
while the getting is still possible.

4. When a down market occurs, coins that are judged average, will
be difficult to sell at almost any price. Even honorable dealers will
almost have to steal the coins from you to make a profit on them.

5. down markets come in a sudden, unexpected manner. Few people have
ever predicted them with any accuracy. Usually the day before, you will hear
nothing but rave notices and the next day, the market will hit the wall, usually
at a large regional show.

6. For those building quality collections of nice, origonal coins in any grade, you may
continue your endeavers, as all down tuns will be followed by a market with renewed
enthusium.

7. This is not to be construed as a voice of doom. It is just a common sense warning for
collectors to always have your collections in shape for any eventuality.

BigE

I agree with Bear, there is no point in holding onto any coins that are not a part of your best set or the ones you don't even remember---------------BigE

NgokLi

<< <i>I will be happy with the piece of pig slop tonightText----------------------BigE >>



Me too. How about this one---Text---

LeeG

<< <i>Lots of appealing gem grade coins that can still be had at reasonable prices. >>




Such as this one that I'm waiting on to arrive: