Just when you thought it was safe to venture outside...another Legend market report

RYK

Link

to keep you debating for coins and the coin market for the rest of the evening.

And, for no additional cost, Doug Winter's latest:

Best Values in Today's Coin Market

But wait, if you act right now, you can also read...

Joe O's viewpoint article on Secure Plus.

Type2

I have the list now I need to make some $$$$ to buy all of them.

291fifth

How about some advice for those of us that aren't billionaires?

RWB

How many times must sellers say the same thing ?

Barry

<< <i>How many times must sellers say the same thing ? >>


Until they think of something new to say.

TahoeDale

Laura does not take all the time she does writing her Market reports for the average collector who doesn't buy expensive coins. ( as she repeats often)

But, there may come a time when that collector will have the discretionary funds to want to buy high end coins. So take in what she says, for some period in the future.

I have collected several series that she mentions, where we have not seen the upper grades at all, or very seldom. MS 67 lib nickels have not been seen for years, and none have been made by PCGS in 5 years.

I have been looking for a MS 66 Trade dollar for some time, and none have appeared.

The last MS 66 CBH I have purchased was 5 years ago. And I look all the time.

There has been only one MS 65 early half in many years. Maybe one or 2 early quarters in 63 or better.

I'm not sure that higher prices will bring out these hard to find rarities. Most are sitting in solid homes, and cannot be replaced if sold. But when they do, I totally affirm Laura's premise-- they will sell well, and for more than one would guess.

MrEureka

I'm not sure that higher prices will bring out these hard to find rarities. Most are sitting in solid homes, and cannot be replaced if sold. But when they do, I totally affirm Laura's premise-- they will sell well, and for more than one would guess.

To play devil's advocate - and I'm not really sure what I believe - isn't it more likely that prices will decline when the supply increases? That is, after all, what they teach you in Economics 101.

Bear

I have read all three reports and can find nothing

to disagree with on any of them. I say, well done

to the authors of all three reports.

Patches

It reads like when realtors used to say..."you have to buy land now, they aren't making anymore of it!"

tradedollarnut

<< <i>I'm not sure that higher prices will bring out these hard to find rarities. Most are sitting in solid homes, and cannot be replaced if sold. But when they do, I totally affirm Laura's premise-- they will sell well, and for more than one would guess.

To play devil's advocate - and I'm not really sure what I believe - isn't it more likely that prices will decline when the supply increases? That is, after all, what they teach you in Economics 101. >>



Sorry, but I think you're incorrect in your application of economic principles. Basic theory breaks down when there is so little supply. Demand becomes spotty and prices are not accurately reflected when the market is inefficient. For example, the seated dollar set that just sold became available simply because so few coins were on the market. Who really wants to collect when its years between purchases?

mumu

All gold coins, how lame. Not even "REAL" circulation currency. Must be nice to be that rich but dont shun the smaller collectors. Small collectors sometimes turn into big collectors.

@winter report btw. The legend report at list hits silver copper and gold, even if equally unobtainable for most.

MrEureka

Sorry, but I think you're incorrect in your application of economic principles. Basic theory breaks down when there is so little supply.


Then again, one could argue that all coins in the hands of all potential sellers (as opposed to coins yet to be discovered) are always part of "supply". It's just that the supply curve for rare coins tends to rise slowly. Especially when the particular issue tends to be in the hands of collectors, not investors.



Edited to avoid saying exactly the opposite of what I intended.

mrpotatoheadd

<< <i>To play devil's advocate - and I'm not really sure what I believe - isn't it more likely that prices will decline when the supply increases? That is, after all, what they teach you in Economics 101. >>

Do you think it might be possible that an increase in supply might cause an increase in demand?

I mean- if there's only a handful of a particular issue available for collectors, that could be a limiting factor in determining how many people will be attracted to the issue, as the possibility of actually being able to buy one is minimal. More specimems available = more opportunities to acquire - more interest.

Or maybe not. What do I know?

OregonCityGold

Sorry, but I think you're incorrect in your application of economic principles. Basic theory breaks down when there is so little supply. Demand becomes spotty and prices are not accurately reflected when the market is inefficient. For example, the seated dollar set that just sold became available simply because so few coins were on the market. Who really wants to collect when its years between purchases?

Welly intellwesting... But, I'm not sure I get the implications of this. What do you think this means, TDN, for the market in, say, MS65 bust quarters? That they sell for more than you would think when they show up, but not a hell of a lot more than you would think unless the market has been carefully tended by releasing a couple coins into the market per year to stoke demand? That, like a living creature, a thinly-traded market can shrivel up and die if not "fed" with a few sales per year to keep things interesting? Is that it, because if it is, that's a really interesting idea that has broad implications for coin dealing? Is this where we get into the WMP (Well-Managed Promotion - TM) idea that Longacre brings up once in a while?

RYK

All gold coins, how lame. Not even "REAL" circulation currency. Must be nice to be that rich but dont shun the smaller collectors. Small collectors sometimes turn into big collectors.

Doug deals almost exclusively in gold coins (many of which did circulate, BTW). What would you propose he discuss, beanie babies?

ambro51

I thought what Doug wrote about the 1865-72 Gold Dollars was right on. They are all very scarce, and seldom available. Any AU or lower exampels....and even the MS coins, just arent out there to buy. Ive found the 1866 to be very dificult to locate.

tradedollarnut

Do you think it might be possible that an increase in supply might cause an increase in demand?

Absolutely. Is there any doubt why Morgan dollars are the most popular coin? That popularity went through the roof when the Treasury Hoard was released.


That, like a living creature, a thinly-traded market can shrivel up and die if not "fed" with a few sales per year to keep things interesting?

Exactly.

gecko109

<< <i>I'm not sure that higher prices will bring out these hard to find rarities. Most are sitting in solid homes, and cannot be replaced if sold. But when they do, I totally affirm Laura's premise-- they will sell well, and for more than one would guess.

To play devil's advocate - and I'm not really sure what I believe - isn't it more likely that prices will decline when the supply increases? That is, after all, what they teach you in Economics 101. >>




Not as long as the demand is sufficient to quickly absorb all the newly available offerings. Prices only will begin to decline when the demand for the coins has been saturated (or at least nearly so). That just doesnt happen with ultra rarities.

rld14

From what I have seen, nice and original coins are quite tough, and when they come on the market they are gobbled up almost immediately.

BigE

Speaking of nice original coins, if you want to see some check out O"Connor's website! Spent half an hour there a couple of days ago------------BigE

Bear

The holders of large ,magnificent collections as well as their estates, can usually
wait to sell the collection for the next upward wave of values. When the difference
in price can be measured in the millions of dollars in value, time is ones ally.