How much is speculation and how much is it the sales platform pushing coin prices?
Walmann
Posts: 2,806 ✭
After a twenty-seven years sabbatical from collecting I returned to collecting four years ago. Back then B&Ms were IMO the major venue for collectors to obtain coins, that and the occasional show or auction. Any of these platforms pretty much required two warm, okay one of them may have been cold, bodies to be present for the transaction.
Since then it seems Ebay, dealer websites, and internet auctions have not only taken major market share from B&MS, but in part seems to be driving prices. It just doesn't seem to me that the old mechanism of face to face transactions that were scattered throughout the country was one that could promote dramatic price increases especially in the short term.
The 08 with 07 reverse ASEs come to mind, I don't believe these coins would have increased to this level so fast without the open bidding platforms that have numerous collectors and speculator competeing for the same coin.
There are a couple of other points I would like to make but prefer to hear others opinions.
Also does this platform mean when a boom ends that when prices go down that they drop less than the old system or more so?
Do todays sales platforms cause a greater impact by speculators all the more quickly?
Since then it seems Ebay, dealer websites, and internet auctions have not only taken major market share from B&MS, but in part seems to be driving prices. It just doesn't seem to me that the old mechanism of face to face transactions that were scattered throughout the country was one that could promote dramatic price increases especially in the short term.
The 08 with 07 reverse ASEs come to mind, I don't believe these coins would have increased to this level so fast without the open bidding platforms that have numerous collectors and speculator competeing for the same coin.
There are a couple of other points I would like to make but prefer to hear others opinions.
Also does this platform mean when a boom ends that when prices go down that they drop less than the old system or more so?
Do todays sales platforms cause a greater impact by speculators all the more quickly?
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