Should the auction firms avoid selling numismatic esoterica, out of fear of highlighting a possible
Even though the boo-birds on these boards have been chirping up a Coin Recession, we have not really seen it in the marketplace. The last Heritage auction was a barn-burner, and the numismatic industry has no top. Coins are still literally flying off of dealers’ shelves.
But that’s the coin world. Some numismatic firms tend to also sell other peripheral items related to numismatics, such as printing plates, minerals, and other interesting tidbits. Does anyone think that the auction firms should avoid selling these esoteric items as part of big coin auctions, out of fear of highlighting a possible softness in the industry, or buying habits of consumers? If we see a swift downturn in the popularity (and prices) of these numismatic add-ons, would that give a clue that there is some softness in discretionary spending in numismatics, and it is only a matter of time until the contagion sweeps over and infests the traditional coin market?
But that’s the coin world. Some numismatic firms tend to also sell other peripheral items related to numismatics, such as printing plates, minerals, and other interesting tidbits. Does anyone think that the auction firms should avoid selling these esoteric items as part of big coin auctions, out of fear of highlighting a possible softness in the industry, or buying habits of consumers? If we see a swift downturn in the popularity (and prices) of these numismatic add-ons, would that give a clue that there is some softness in discretionary spending in numismatics, and it is only a matter of time until the contagion sweeps over and infests the traditional coin market?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
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Comments
There's a bit of truth in there. Still, unless the auction company has a big inventory, they probably have no reason to care.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.