Will the oft-rumored retirement of Richard Nachbar serve as a leading indicator of a coin downturn?

Longacre

I really like Richard Nachbar. He has been in the business for 35 years, and knows what he is doing. However, the guy has retired more times than Roger Clemens. I see in the latest issue of Coin Prices, that he is "retiring soon".

Honestly, I was shocked when he announced he was retiring two years ago, in the middle of the raging bull market. Personally, I think someone with this amount of experience can probably know when the market is going to take a serious turn for the worse.

Do you think we, as collectors, should use the retirement of Richard Nachbar as a barometer (or a warning, actually), that the market is going to tank shortly thereafter? This is probably as good an indicator as any. What do you think?

adamlaneus

If, as you say, he has retired more times than Roger Clemens...

I'm not sure i'd feel comfortable making guesses about the overall coin market based on a recent announcement of retirement.


You want to see if the coin market is healthy? Track auctions. Talk with dealers and ask them about their recent market experiences. It seems to me that this is a much more direct indicator.

Or are you looking for something that will give you a six month lead time before the crash?

It seems to me that you have jumped to a panicky conclusion. Or do I just not get how important this fellow is(*)?

(*)Yea, that's probably it. Open mouth, insert foot.

dbldie55

I use Nachbar as my guiding light. I am sure almost everyone does.

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halfhunter

Who exactly does this fellow sell to? I'm always reading his buy ads & his website is all buying - never anything for sale. Is he a large wholsaler? Does he have a large private collector base or what? ? ? ? Just wondering.

Regards, John

RYK

<< <i>Who exactly does this fellow sell to? I'm always reading his buy ads & his website is all buying - never anything for sale. Is he a large wholsaler? Does he have a large private collector base or what? ? ? ? Just wondering.

Regards, John >>


He buys from collectors and sells to other dealers. He does not sell retail.

tcmitssr

<< <i>

<< <i>Who exactly does this fellow sell to? I'm always reading his buy ads & his website is all buying - never anything for sale. Is he a large wholsaler? Does he have a large private collector base or what? ? ? ? Just wondering.

Regards, John >>


He buys from collectors and sells to other dealers. He does not sell retail. >>



He will sell retail but rarely and if you have a good relationship with him. He also has private, sealed bid auctions at some shows running from his table.

tcmitssr

<< <i>If you were a dealer would you ever really retire or when things possibly slowed down just take a long vacation. I mean what is a job description for a dealer:
travel to great cities, eat at great restaurants, schmooze with good friends, schmooze with new folks who can end up being good friends, give advice to anyone that asks, buy and sell what you love, make a lot of money or not so much money depending on the times and your expertise, do what collectors love to do but do it all day etc etc. Does anybody feel that Mr Nachbar really needs to retire assuming his health is good, I mean its not like he hates coins and never wants to see them again, I got to believe every dealer started out as a collector and had a passion for it. It is not like working for the man for minimum wage and wishing you could do what you want instead, being a dealer that can make it is a freakin dream career! >>



Richard is still a relatively young man in his 50's. At the same time, he's worked for over 30 years and wants to enjoy life more. Like anyone in his 50's, one's health can, occasionally, encounter problems but anything he has encountered is behind him. I doubt he will retire 100 percent but I do believe he will significant curtail his travel, staff etc. and focus more on being there for those who want to do business with him than to continue seeking new business. Just one guy's opinion.

jfoot13

Well you can always have one of your minions do the legwork, complie the facts and put them into a nice color graph and post the results so we can add our "2 cents " worth so to speak... as to accuracy....

EagleEye

I spoke with Richard yesterday. He is still in business and has decided that there is no reason to fold up right now. Too many people are taking him up on his "trade for gold" option.

He sells to dealers.

tradedollarnut

It's a sign of the end of times. Real fire and brimstone stuff: dogs and cats sleeping together, Laura being nice to collectors, Sainty being modest...

TwoSides2aCoin

Well in this hobby, what's better :

Rumors of a retirement sale or rumors of a fire sale ?

MidLifeCrisis

Will the oft-rumored retirement of Richard Nachbar serve as a leading indicator of a coin downturn?

Ummm...no.

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Coin Finder

He's probably burned out, how many bull and bear markets has he been through? David Hall once said that coins sell in a bear market just like a bull market, they just sell for less. When Paul Newman was toward the end of his life he said that he wished he had not worked as hard as he did and enjoyed life more. I think maybe Richard falls into that camp. He just needs a break.

pcgs69

Since he sells to other dealers... that must explain why he offered me such a low price on my 1916-D Merc a couple of years ago... he'd just wholesale it. I put it on ebay and got nearly double his offer.

RINATIONALS

<< <i>I really like Richard Nachbar. >>



Well, starting at least 7 posts about him in the last year it sounds like more than like

coindeuce

If your stock portfolio took the kind of hit that I expect his took last week, you wouldn't be retiring either

droopyd

<< <i>It's a sign of the end of times. Real fire and brimstone stuff: dogs and cats sleeping together, >>



Geez, our cat & dog always sleep together....

Barry

Perhaps he got his training in the Manhattan electronics stores, some of which have had "going out of business sale" signs in their windows for at least 20 years.

rays

While I have never met Mr Nachbar, I have seen him at many shows. He scurries about a lot. His "retiring soon" ads in Coin World have always seemed pretentious to me. Then again, he's paying for them so he can say whatever he wants about how many great years he's had in the coin dealer business.

bushmaster8

He is the Brett Favre of Numismatics!

rpw

If your stock portfolio took the kind of hit ...

If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today.
If you had purchased $1,000 of shares in AIG one year ago, you would have $33 today.
If you had purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today.

But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling refund, you would have received $214.00. Based on the above, the best current investment plan is to drink heavily & recycle.

This is called the 401-Keg.

droopyd

<< <i>Perhaps he got his training in the Manhattan electronics stores, some of which have had "going out of business sale" signs in their windows for at least 20 years. >>



There's one store at Fisherman's Wharf in San Francisco that for as long as I can remember has had a sign that says "going out for business."