Are these closing prices fair?

cascade

Since I've been out of the buying loop for awhile and since I have little knowledge in this area, are these auction values fair for these coins? If they are, then I guess I'll have to keep shopping the $.25 box at the flea market. Are these examples of "bidding wars" and not necessarily reflecting market value?

The first auction I was flabbergasted at the final price with such a crappy picture. The second one I would have bid on if I was paying attention, but would have had some buyers regret if I had won around that price.

1902 Florin

3 sixpence

I'd like to liquidate some stuff I currently have and buy a few nice specimens of british coins. Everything seems so much more expensive then even a couple of years ago.

globalcoin

<< <i>Everything seems so much more expensive then even a couple of years ago. >>



The prices have gone up because the value of the dollar has gone down. So much of what's being sold is going to Europe it's not even funny

I was watching one of those auctions

newbiecollector

What has been said. The prices are going up because the dollar is much cheaper for people in Europe.

ps: He made a bit of a "copy/paste" mess on the sixpence description..............not many copper sixpence with those dates.

cascade

I didn't think about the falling dollar... So that makes the purchasing of quality European coins a never ending loser - investment wise, for those in America.

newbiecollector

Never having collected as an investment idea I am not qualified to comment.

After saying that, it seems you are probably correct as an investment

cascade

Not so much as an investment, I just don't want to lose too much if I have to bail on some nice coins unexpectedly a couple of years down the road.

Doogy

'A RISING TIDE LIFTS ALL SHIPS' that sentiment rings true with the increasing demand for better world coins from popular countries. The only caveat i'd issue is to buy quality; quality will always sell well and for more money than middle-of-the-road stuff. Sure, it costs more to buy, but it will certainly bring more when it comes time to sell.

newbiecollector

I can understand that but I do not think anyone can say what values of coind will be in the long-term future.

I certainly could not guess

newbiecollector

<< <i>'A RISING TIDE LIFTS ALL SHIPS' that sentiment rings true with the increasing demand for better world coins from popular countries. The only caveat i'd issue is to buy quality; quality will always sell well and for more money than middle-of-the-road stuff. Sure, it costs more to buy, but it will certainly bring more when it comes time to sell. >>



What Doug said..................I just posted to slow on my answer

cascade

When did this demand show up? Or is it since the dollar falls economically, then so does it's collecting value? lol.

Thanks for the advice by the way! I intend to find a few quality pieces.

globalcoin

Just have a look at the Heritage auction archives archives. It's a good indicator of the rise in values.

A lot better than the stock market in my opinion. At least your investing on your eye and not some CEO's performance. Tangible is so much better

With the greater demand, the value only goes upward because the supply doesn't increase.

Blackhawk

I haven't found many like those coins in a bargain box...they look pretty nice.

coachleonard

hard for me to relate cuz 1. i don't find stuff like that in the junk box and 2. the darkside stuff i pull out of the 25 cent junk box (or the $1 or the $5, or even $10 junk box) and try to re-sell on ebay, is consistently hammering down at my opening bid of ONE PENNY these days! Though I did finally have a bidding war for a couple of old mexico 5 centavos coins, and got $2.26 for the two.

ajaan

The closing prices are fair for accurately graded coins. The 3p coins may have even closed low.

LouisCamp

I'm so tired of hearing the dollar has fallen, so, sell overseas.

Lou

globalcoin

That last "bump" in our economy had to come from somewhere

coinkat

This is not a good picture of the 1902 Florin, however, this design has its own little cult following. I am willing to suggest that the coin looks better in hand and the price for a decent example for a type set is reasonable.

ajaan

<< <i>I'm so tired of hearing the dollar has fallen, so, sell overseas. >>


Most of the coins I have sold on eBay in the past 6 months have been bought by people outside the US.