Auction "prices realized" and a question.

keets

Looking at the recent CW Heritage ad with some of the prices realized from the Central States Show it's apparent to me that Six-Figure coins have become almost common. Not that they're something most of us can afford, but all the same, a price such as $135,000 doesn't surprise or seem high any longer in the current "UP" market. I've always been of the opinion that higher prices for the top coins follow former President Reagan's trickle down economics theory and affect the prices for the next lower grades, and so on. Perhaps you agree, perhaps not, but I still have the nagging question that we'd all like to have the answer to, so I'll ask it. When things slip back to a semblance of normalcy and the charging beast backs down a little bit, how far would you expect prices to move down on a percentage basis?? For me, 25% would be optomistic but probably not realistic, maybe 10-15%.

So tell me, what has the past taught you, where will things land when the dust settles?? My reason for asking is that there are just too many items that interest me which have gone way past sane, way past what I'd be willing to pay. My list of "wants" is growing, the result of what the state of affairs has shown exists and is available. The downside-----when things slow, will the nice stuff still be available?? Sorry, that's a second question................

Thanks.

Al H.

Cladiator

<< <i>when things slow, will the nice stuff still be available?? Sorry, that's a second question................ >>

The current prices we're feeing are definitely refponfible for alot of nice coins coming out of the woodwork. I would image that if and when the prices drop, many of the choice pieces will go back into hiding

Longacre

I think there is about a 15% fat factor in today's prices.