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DRAPED BUST HALF DOLLARS ARE LOSING VALUE FAST!

GoldbullyGoldbully Posts: 17,689 ✭✭✭✭✭
in U.S. Coin Forum
image

PCGS Link

Looks like the draped ladies are taking a hit too....mainly in the lower grades!!!

Comments

  • etexmikeetexmike Posts: 6,850 ✭✭✭
    When I saw all the red I thought for a minute I was looking at my coin inventory page here. image

    If prices keep heading south on the halves I might be able to afford a couple of them.


    Mike
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    man, do people seriously read that nonsense???

    K S
  • lkeneficlkenefic Posts: 8,358 ✭✭✭✭✭


    << <i>man, do people seriously read that nonsense???

    K S >>



    Gosh... I hope so... and I really hope they base their prices in it too

    ... you can't see me, but I'm clicking my heels together and saying "there's no place like home...there's no place like home..." image
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • ARCOARCO Posts: 4,422 ✭✭✭✭✭


    << <i>man, do people seriously read that nonsense???

    K S >>



    They don't reflect market prices, but they do portend market direction. Lots of coins are dropping in prices. Most Bust halves in XF and AU are way overpriced and available...and did I already say damn ugly? Draped material, if choice and with nice eye appeal, on the other hand, probably won't see much of a real drop in prices, at least not in the VG-XF range.

    My thoughts.
  • mozinmozin Posts: 8,755 ✭✭✭
    I think PCGS changed their pricing based on the prices realized in the various ANA auctions this month.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    ok dudes, use your heads.

    do you SERIOUSLY think a 1797 dbh in vf-25 costs 77k??? that's gotta be 20k too high at least

    or 1806 in xf at 2250 in xf??? what the he11 kind of drugs you gotta be on to believe this crap???

    K S
  • Walkerguy21DWalkerguy21D Posts: 11,603 ✭✭✭✭✭
    Ironically, draped bust halves went UP in the Quarterly II greysheet that came out a couple weeks ago....of course, those prices were probably too low for reality.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • nicetoning42107nicetoning42107 Posts: 1,162


    << <i>Ironically, draped bust halves went UP in the Quarterly II greysheet that came out a couple weeks ago....of course, those prices were probably too low for reality. >>



    Yeah? Greysheet finally pegged those higher? Those DBH were always showing too low in the Greysheet than reality levels from G-XF, sometimes AU. Also the earlier CBH through about 1819.
    A lie told often enough becomes the truth. ~Vladimir Lenin
  • BillJonesBillJones Posts: 34,617 ✭✭✭✭✭


    << <i>do you SERIOUSLY think a 1797 dbh in vf-25 costs 77k??? that's gotta be 20k too high at least >>



    WOW! There is hope for me yet. That's one of the coins I could use.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • RTSRTS Posts: 1,408 ✭
    I'd be happy if they'd drop to single-digits.
    image
  • greghansengreghansen Posts: 4,301 ✭✭✭
    They don't reflect market prices, but they do portend market direction. Lots of coins are dropping in prices. Most Bust halves in XF and AU are way overpriced and available...and did I already say damn ugly? Draped material, if choice and with nice eye appeal, on the other hand, probably won't see much of a real drop in prices, at least not in the VG-XF range.

    image Couldn't have said it better.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • OverdateOverdate Posts: 7,139 ✭✭✭✭✭
    Never fear - common draped bust halves may be falling, but numismatically significant rolls and boxes of 2009 Log Cabin cents are going up! image

    My Adolph A. Weinman signature :)

  • NysotoNysoto Posts: 3,821 ✭✭✭✭✭
    Old news that is finally reflected in price guides. The series, on average, dropped about 25% in prices realized by late 2008. They are still selling at multiples over 2000 prices, an AU50 was $1500 back then, compared to $4500 now. I have about 75 draped bust halves, most were purchased in 1997-2004 at 30-60% of current prices. Half of the best collections were sold in the last 3 years - Reiver, Westmoreland, Bayside, Meyer, and another privately. This caused a glut of DBH's on the market.

    typo edit
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • BearBear Posts: 18,953 ✭✭✭
    The prices may be dropping for a number of reasons.


    1. The Bust Halves have had a spectacular run the past 4 years.

    2. A huge number of marginal specimens is overhanging the market,
    at prices higher then they should be.

    3. Truly choice AU-58, MS-64 and MS-65 examples are getting to be as scarce
    as hens teeth, and the prices for those are still strong.

    4.When prices are dropping, is the time to start looking for nice pieces that you might
    be able to bargain a better price for.
    There once was a place called
    Camelotimage
  • GoldbullyGoldbully Posts: 17,689 ✭✭✭✭✭
    1. The Bust Halves have had a spectacular run the past 4 years.

    Of course that's when I bought the majority of mine.
    I always like to pay top dollar...it's the least I can do for the coin dealer network!!!! image
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    There was no way the economic downturn would not effect coins, especially higher end coins.

    I believe that when some of us started saying on these boards that the money being lost on Wall Street
    would effect this hobby many here did not believe it could happen....well it happened.
    And I believe that the slow drift downward will stay with us for a while.
    No real bounce IMO.

    Not a problem if you are a collector, but those plastic flippers might want to start lightening
    their positions if they haven't already.

    I for one believe that this is healthy for the hobby in the long run.
    Some coins are just plain "Interesting"

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