New purchases fly from dealer inventories

RYK

Is it my skewed perspective or are new purchases flying from dealer inventories at a dizzying pace (no knock on Dizzy )? It often seems that you barely have time to research and think about a purchase and the coin is gone, especially if it is at all interesting, attractive, or unusual. What gives?

Regulated

My experience is that anything fresh goes away very quickly in this market. For instance, I recently bought a lovely group of Pioneer Gold. By noon the next day, I had sold half of the value in the deal to good cutomers. The rest got graded and should be gone in a couple of weeks.

ColonialCoinUnion

Its true. New goes fast.

vega1

I think what you are seeing is that the interesting, unusual, and attractive pieces are in high demand because there are just so many ordinary, common, and unattractive coins on the market. I think a stand-out coin will always sell quickly.

RYK

I have noticed that Doug Winter's inventory coins are flying out the door. Mark Feld, who also carries a relatively small inventory, the same. Legend has a much larger inventory, and they sell their new coins rather quickly. Mind you, they all probably sell considerably more coins from want lists, auctions, etc. that never make it to the website.

A couple weeks ago, on a Friday, I got the newp email from JJ Teaparty, which included a 70-CC $1 in NGC-35. They described a nice, original coin, but there was no image. I thought it would be a cool coin for the type set (I want to replace mine), and I figured I would check the photo on Monday, and if I liked it order it. WRONG! There was no photo on Monday, and when I emailed, I was told that they got several offers to purchase the coin over the weekend, at their offering price, above Trends. Grrr

Lakesammman

Agree - no time to ponder in the curent market.

Barndog

The pace of disappearance seems to have quickened in the past few months. If you are not one of the few to read a message (e.g. Mark Feld, Dick Osburn, JJ Teaparty) or see a web update (Miller's Mint, Alpine, HLRC) or respond to a mailing (Brian Greer, Stu Keen) right away, you will certainly miss out on choice new material. I've been on both ends of that arrangement. Very sweet to be the first one to notice a web update, very disheartening to call and found out "both of those just sold."

Good return policies are a must for this "speed buying"

mrearlygold

It's strong and it's not just want lists but everywhere. We just started selling on ebay as a case in point and have logged $42,000 in sales the first 10 days. ( )

Flying is accurate .

ER

<< <i>Is it my skewed perspective or are new purchases flying from dealer inventories at a dizzying pace (no knock on Dizzy )? It often seems that you barely have time to research and think about a purchase and the coin is gone, especially if it is at all interesting, attractive, or unusual. What gives? >>


Maybe it's your skewed perspective. But, the stuffs that I follow are doing one of 2 things. They either have been flying from one dealer's inventory to another's, then to auction, then to another dealer's inventory, or, they have been languishing in the same dealer's inventory for months to over a year.
Oh yeah, nuclear white hot market.

Russ

<< <i>The pace of disappearance seems to have quickened in the past few months. >>



There can be only one.

Russ, NCNE

mozeppa

<< <i>There can be only one.

Russ, NCNE >>







Russ ...are you from clan McCleod?

LeeG

plus "Fresh" tax refunds don't hurt either Personally, being a little cautious right now. Still taking my time to find the right coins.

jdsinva

Well, my local coin shop has just gotten in an 1827/6 bust half that the dealer has graded XF. First, I'm not bust half person but I think the coin is more likely AU rather than XF, from looking at a number of slabbed coins. Second, he seldom gets in nice looking, problem-free bust material and an overdate to boot. It would look good in my 19th Century type set. I may have to go back down there Tuesday and rescue it. . .

MrEureka

I wonder how fast the coins would fly without the technological advances that allow dealers to market their coins so efficiently. But we live in the world we live in and the coins do fly, at least in the current bull market.

It will be interesting to see how the same technological advances impact the next bear market.

ColonialCoinUnion

<< <i>It will be interesting to see how the same technological advances impact the next bear market. >>



Party pooper.

Russ

<< <i><< There can be only one.

Russ, NCNE >>

Russ ...are you from clan McCleod? >>



Clan McCapitalist.

Russ, NCNE

Tarmac

Maybe it's your skewed perspective. But, the stuffs that I follow are doing one of 2 things. They either have been flying from one dealer's inventory to another's, then to auction, then to another dealer's inventory, or, they have been languishing in the same dealer's inventory for months to over a year.

Hmm, you've noticed that too?