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Lauras' report is up on the Legend Website
Bear
Posts: 18,954 ✭✭
More or less an upbeat report. There appears to be slowly building interest
is....of all....things.... Commemoratives (Don't know if this is classic or modern)
as well as MS-/ PR Walking Liberty Halves and gold, gold, gold.
is....of all....things.... Commemoratives (Don't know if this is classic or modern)
as well as MS-/ PR Walking Liberty Halves and gold, gold, gold.
There once was a place called
Camelot
Camelot
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<< <i>More or less an upbeat report. There appears to be slowly building interest
is....of all....things....Classic Commemoratives, as well as MS-/ PR Walking
Liberties and gold, gold, gold. >>
Maybe her report was revised, but all it stated was "Commems.", under the hot section. I interpret this to mean that my 1982 Washington Half Dollars are finally moving!
It is common coins in average to sub par condition. as well
as coins that have been around the track many, many times.
Camelot
<< <i>Dreck is what is more commonly knows as horse dumplings.
It is common coins in average to sub par condition. >>
Thanks Mr Bear
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
that she meant classic. Actually, I don't know which
she meant.
Camelot
thanks laura for the great read
<< <i>You got to respect her, she always tells it like it is, and that is what i most respect about her, she should be here under the name Truthteller if you ask me. The Lady sure knows her stuff about coins, I bought one from her on 3/30/09 and it is one of the nicest pieces in my collection, very accurately described and photographed by her firm and an easy transaction. >>
Mark's pics will be better
Not like the crackout giants of doctoring fame
With conquering dreck astride from land to land;
Here at our stunningly-toned, sunset gates shall stand
A mighty woman with a touch, whose fame
Is the improvised spelling, and her name
Mother of Rarities. From her bacon-hand
Glows five-figure coins; her wild eyes command
The world-class auctions where fresh material reigns.
"Keep, ancient lands, your uneducated investors!" cries she
With silent lips. "Give me your gold, your commems,
Your PQ walkers yearning to breathe free,
The original copper of your gleaming store.
Send these, the GEMS, plastic-encased to me,
I lift my phone atop the bourse floor!"
on the base of the Staue of Liberty. If I was Laura
I would have it framed.
Camelot
The non-gold good stuff is not being offered while the non-gold bad stuff is dead, dead, dead.
Old gold, new gold
Used gold or mint gold
Bring out your gold
If it's gold, It's sold
Be it fractional or higher
Bring out your gold
Now is the time
To get off the dime
Bring out your gold!
Camelot
The other point that I took from the report is that what dealers want and are paying strong for are fresh, higher end quality, zero problems, gem coins in those series which are in demand right now. And by fresh, that usually means off the market for >10 years years and priced attractively. Well who wouldn't buy all the coins that meet those specifications? Typically, the owner has had them long enough where he can sell at a decent profit and not miss the 10-20% wholesale commission he will be giving away. And if the owner has done nothing to try to upgrade or cross the coins even better. It does seem the market definition of what "fresh" means gets stricter each month. The percentage of coins that meet this requirement is very low. Again, it's exactly the same type of reasoning that was used from 1981-1982 to not pay CDN bid for gem coins. In those days, few coins were "gem" enough to realize CDN bid. Today, the gem coins are not "fresh" enough to realize CDN bid. The grey sheet had an interesting write up in the weekly report about "fresh" coins.
roadrunner
along the bottom. Now is not a bad time to pick up a few
top ' o' the Line examples that you are fond of.
Camelot
I remember experiencing first hand in the summer of 1980 the change in grading standards from my then #1 local dealer. What he had been selling me as gem commems from 1977-1979 were no longer desireable to him. He didn't even want to make offers on his own coins because he knew he would only insult me. That was the last time I ever did business with him. He still has the same shop 29 years later.
It would be a good exercise if collectors would occasionally take some of the coins they bought from their primary dealers to see what kind of offers they would get. I think they would be surprised that in many cases they won't get offers but instead would just say they are overstocked in those or have no current demand. And if you offer up a price it will be usually be a "pass" because the margin is too tight or once again, "it's a very attractive price, but we just have nowhere to go with it at the moment. Maybe you could try dealer XYZ who usually has a lot larger demand for these."
roadrunner
represent only 5-10% of the total available supply.
I prefer MS-66 to MS-68 for the not too expensive ones.
As for selling coins, in this tight money market, you
really have to offer certain portions of your collection
to specialists that handle and have clients for those
coins.
TOP of the Line Commems: This is what I would require
Full, deep, even luster
unmarked
Nice toning both sides
Strong stike for that particular commem
Does not appear improperly dipped or played with.
Camelot
represent only 5-10% of the total available supply.
I'm not sure how you define "top of the line" so I don't know if I agree.
However, it's worth pointing out that, given the price structure of the series, there's less incentive to doctor and/or upgrade commems than most other series. So it follows that "top of the line" coins are even less available in most other series.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>You got to respect her, she always tells it like it is, and that is what i most respect about her, she should be here under the name Truthteller if you ask me. The Lady sure knows her stuff about coins, I bought one from her on 3/30/09 and it is one of the nicest pieces in my collection, very accurately described and photographed by her firm and an easy transaction. >>
Does the picture have a brown tint to it? A month or two before your purchase we bought a coin that is absolutely gorgeous but the pic came out a little brown (but the description was spot on).
I agree with all else you said!
I consider a top of the line Commem. I do realize
that not all of the various commems, even right
from the Mint,do not have all of these characteristics.
Those Commems I would not collect. Just my personal
opinion and taste.
Camelot
In honor of the memory of Cpl. Michael E. Thompson
Camelot
Yeah right Commens are smoking hot....
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
offered at that price to collectors. I believe that dealers are sitting
on such eggs, hoping, I presume, that they will hatch into gold coins.
Camelot
<< <i>More or less an upbeat report. There appears to be slowly building interest
is....of all....things.... Commemoratives (Don't know if this is classic or modern)
as well as MS-/ PR Walking Liberty Halves and gold, gold, gold. >>
I think you can be pretty sure this is classic commems. Laura is not know for dealing in modern commems.
WH
Jay
EXCEPT.... Gold. With the economy being in a shabbles EVERYONE is looking for a safe hedge against economic ruin. When you can't trust GM to be around , inflation about to take hold, the bond market schizophrenic, banks failing ......GOLD looks good.
My neighbors who have NO interest in coins stopped buy my house and wanted to know when the next coin show in Orlando was so they could buy gold coins. Go figure!
JMHO .... i could be wrong