This time it IS different…re: TJ Spouse

I knew the limit of one per household would change the dynamic of the aftermarket. I just wasn’t sure how.
I acquired a few sets through friends and family. I paid the $50 bounty per coin I promised to each one, even though that put me at break-even at current after-market prices.
I also have been quietly active buying at $485-$525 on eBay.
This is the first time I have seen respected buyers (moderncoin, wondercoin, etc,) offering MORE than current eBay prices.
Some of you may remember when I posted that I and a buddy had bought 8% of the issue of the George Washington FDCC. We each bought 2,000…and it worked out ok.
This buddy developed a pretty good network to buy the TJ Spouse coins…
He is selling them all now at $550 per coin to a dealer.
My take is….There is a lot of “flippers” flooding the market…but there are a lot of smart buyers buying ALL the flippers will sell, and they are buying at above eBay prices…
Bottom Line….There is a limited downside (value of gold). There is a momentary glut of supply (small time flippers needing to pay off the credit card). Dealers are paying ABOVE eBay prices.
FloridaBill
I acquired a few sets through friends and family. I paid the $50 bounty per coin I promised to each one, even though that put me at break-even at current after-market prices.
I also have been quietly active buying at $485-$525 on eBay.
This is the first time I have seen respected buyers (moderncoin, wondercoin, etc,) offering MORE than current eBay prices.
Some of you may remember when I posted that I and a buddy had bought 8% of the issue of the George Washington FDCC. We each bought 2,000…and it worked out ok.
This buddy developed a pretty good network to buy the TJ Spouse coins…
He is selling them all now at $550 per coin to a dealer.
My take is….There is a lot of “flippers” flooding the market…but there are a lot of smart buyers buying ALL the flippers will sell, and they are buying at above eBay prices…
Bottom Line….There is a limited downside (value of gold). There is a momentary glut of supply (small time flippers needing to pay off the credit card). Dealers are paying ABOVE eBay prices.
FloridaBill
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Comments
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
What happens to the downside if the price of gold craters to $500 per ounce? Limited, well, I guess it is, because gold won't go to zero. Can't happen? No one knows for sure. Basing a downside on the current gold price is walking a tight rope.
Wondercoins buy prices on the Jeffs is still decent, however their buy on the first two coins has dropped to issue price (actually below issue price after shipping) for the first two coins. This is with the tailwind of a nice price increase in gold. It may be scary to think that tailwind may turn into a headwind.
honestly - who cant handle $800 on the credit card?
Box of 20
<< <i>honestly - who cant handle $800 on the credit card? >>
Some flippers have a wide network and may have five times that or ten times that or even 20 times or more. That can run up to be a lot of money.
<< <i>honestly - who cant handle $800 on the credit card? >>
So ask I!
Let's out the riff raff!!
"Inspiration exists, but it has to find you working" Pablo Picasso
While I am not terribly excited about the direction I expect these Jeff coins to take in the next few months (and I do expect (hope) to be selling off the majority of my coins during that time period so I also have no interest in holding most of these coins for any time period), it is refreshing to know that gold melt forms a "base" level for the value of the coins - not every modern coin has a downside of just roughly 20%-25% with (in theory) unlimited possible upside.
Wondercoin
I think interest will grow in a few years when the "Liberty" subset is complete.
My Adolph A. Weinman signature

you heavy hitters may be right in the long run...i am not bullish on gold though or this series
all that said....this is a beautiful coin in both proof and unc. my only wish was for more hair detail. i'm not fond of the reverse at all.
the observe and reverse of another spouse going to be same as JF spouse?
No, they're all supposed to be different.
My Adolph A. Weinman signature
