Some observations from the LB Show

Bear

Dealers seem to have become very fussy in what they will buy.

It seems that they must have a buyer for a coin before they will

buy it. The coin must be almost a PQ for the grade. Dealers

seem to want only the hot current coin series. This tightning

is usually a sign that dealers and collectors are running tight on cash.

etexmike

Probably some very good observations that are right on the money Mr. Bear.

However, this particular collector always seems to be running tight on cash.


Mike

ArizonaJack

Dealers are also more open to bargaining. This time around, I actually spent money and bought stuff. Widgets I think they are called. Last LB, I only tried to spend money, bringing home more than 50% of the budget I brought. Is it just softening in the Lincoln market or the coin market in general?

Heritage session 1 was a dead zone bar a few dedicated bidders.

Bayard1908

Paying high prices in auctions all year long has a way of eating up your money, unless you can find someone even dumber to sell the stuff to.

roadrunner

Dealers seem to have become very fussy in what they will buy.
It seems that they must have a buyer for a coin before they will
buy it. The coin must be almost a PQ for the grade. Dealers
seem to want only the hot current coin series. This tightning
is usually a sign that dealers and collectors are running tight on cash.

It was the same way in the late summer of 2006. Back then gold was still trying to find it's way back after being hammered in April. Today gold is still looking for direction and the economy itself has everyone guessing as to what's coming next. If gold forges a new path upwards, it will loosen up the purse strings for coins.

roadrunner