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IS the market for Haag's finally falling apart - or - with mint cancellations, will new demand be cr
7over8
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Is the market for Haag's finally falling apart - or - with mint cancellations, will new demand be created?
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I do believe the market has fell apart for now.
<< <i>Is the market for Haag's finally falling apart - or - with mint cancellations, will new demand be created? >>
I think it's holding up very well considering that there are over 300 listings, including 96 PCGS graded listings now on the bay. PCGS graded 69's are selling in the $625 to $680 range. Let the flippers have their turn first, I'll wait until after the dust settles & put mine up for auction.
<< <i>
<< <i>Is the market for Haag's finally falling apart - or - with mint cancellations, will new demand be created? >>
I think it's holding up very well considering that there are over 300 listings, including 96 PCGS graded listings now on the bay. PCGS graded 69's are selling in the $625 to $680 range. Let the flippers have their turn first, I'll wait until after the dust settles & put mine up for auction. >>
sometimes the hare does win the race and with these i think prices will soften and settle...he who flips first flips highest, with first spouse.
don't overestimate long term demand for these...JMO
with that said I am still waiting for my Abigail proofs, but they will be flipped from the box, or returned.
I see raw pulling $650 - $700+.
Last week it was $600 - $650.
I think it bottomed and will continue up from here.
<< <i>
<< <i>Is the market for Haag's finally falling apart - or - with mint cancellations, will new demand be created? >>
I think it's holding up very well considering that there are over 300 listings, including 96 PCGS graded listings now on the bay. PCGS graded 69's are selling in the $625 to $680 range. Let the flippers have their turn first, I'll wait until after the dust settles & put mine up for auction. >>
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The mint can't stop flippers any more than PCGS can stop doctors.
I predict a latency period with flippers
We cannot mask who we are when we type our words.
These coins will eventually end up , no matter the cost, with TRUE COLLECTORS or NUMISMATIC DEALERS, and not with true capitalists. But , I like ya nonetheless, brothers ! Why ? Because we share our views here. We tell the world the truth ! We are coin geeks.
The MARKET can do what it wants. Coin collectors keep doing what their title implies
It seems the entire lot of these ended up in dealers/flippers hands and not collectors that wanted them for there collection.....
I don't think there are 20,000 collectors that want to pay the high prices for these.....
Near bullion issues down the line.....
But then the hyping started - "buy them now - they are a sure winner!"
NGC MS 69's were $1200 - I changed the channel.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Linky
Tim
As far as investors are concerned, it all depends on where people scurrying around right now to forfend the sinking and sunk dollar, will try and hide their money. My guess about that is that they will rush to bullion and collectibles at least at some phases of this because of weak bonds, the wildly gyrating stock market, and the real estate bust, which looks like the real thing in most sectors. Investors can sell into those cycles, but there'll still be the question of where to hide/protect the cash.
Here's a warning parable for coin collectors...
They are giving 70's like candy, there are more 70 than 69 graded.
That's why i saw listings yesterday ending at high 600 and low 700 for NGC 70's...
There are just more 70's than 69...
now i see how can gainsvillecoins list more than 15 NGC 70 every single day. Every hour on ebay they have a listing ending for a NGC 70..
Box of 20
Let's see 40,000x40=1,600,000 coins!
Well, just Love coins, period.
Box of 20
just completed 3d tour to Iraq and retired after 28+ years in the US Army
I agree with jimmymac. I have 10 Marthas which I'm not flipping, but keeping as an investment - I'm not collecting either (I dont have any Abigails). So there isn't only two camps - flippers and collectors - some people collect precious metals too even at a premium to spot if they like the design and think it adds value to the melt price.
<< <i>a beg to differ with you - not all people who buy these coins are collectors - some are investors and will buy a few just to speculate on . . . so I feel there's plenty of room for 20,000 of these coins to be collected as well as be used by people hoping to make a buck or two from them - just my opinion, but will be interesting to see how this whole scenario plays out - me, I have a few stashed away for a rainy day - you never know . . . >>
I agree with this.
People buy gold. If they are going to buy a Buffalo or an Eagle. They might as well buy the spouses.