Has the bulk of the So-Called dollar market gone back to sleep?

291fifth

The buzz seems to be gone.

Have overly optimistic asking prices killed all but the real rarities in this market?

I see several dealers at local shows who have substantial numbers of So-Called Dollars in NGC slabs. All have very high prices and are getting to be old friends since they apparently can't find a new home.

The same thing now seems to be happening to Conder tokens. I never used to see those in dealer cases but now I do ... complete with high asking prices.

RYK

<< <i>The buzz seems to be gone.

Have overly optimistic asking prices killed all but the real rarities in this market?

I see several dealers at local shows who have substantial numbers of So-Called Dollars in NGC slabs. All have very high prices and are getting to be old friends since they apparently can't find a new home.

The same thing now seems to be happening to Conder tokens. I never used to see those in dealer cases but now I do ... complete with high asking prices. >>


It's the circle of numismatic life.

JCMhouston

Bubbles come, and bubbles go ...

Longacre

When I read the title of this thread, it reminded me of a thread I was thinking of writing. It seems that the markets have gotten less flamboyant lately. I recall back in the day when we had dealers calling other dealers saying that "this coin need to go to sleep", and then we had people leaving gold bars in their garages, and other sundry tales. The coin markets seem to be a bit more boring of late.

RYK

<< <i>When I read the title of this thread, it reminded me of a thread I was thinking of writing. It seems that the markets have gotten less flamboyant lately. I recall back in the day when we had dealers calling other dealers saying that "this coin need to go to sleep", and then we had people leaving gold bars in their garages, and other sundry tales. The coin markets seem to be a bit more boring of late. >>


I would tend to agree, but we might be becoming a bit jaded, too.

Dentuck

<< <i>When I read the title of this thread, it reminded me of a thread I was thinking of writing. It seems that the markets have gotten less flamboyant lately. I recall back in the day when we had dealers calling other dealers saying that "this coin need to go to sleep", and then we had people leaving gold bars in their garages, and other sundry tales. The coin markets seem to be a bit more boring of late. >>




Is this Longacre reply itself a reflection of malaise in the market? "I was thinking of writing a question, but... eh."

What the !!!

Compare that to the typical Longacre output of two, three years ago. First of all, we're talking between 10 and 20 posts per diem. Second, each was a finely nuanced and multi-layered gem of philosophical gravitas, obviously polished and faceted by years growing up in New England's finest Jesuit summer camps. "What does QDB's lunch portend for the future of investor-quality early-19th-century silver type coins? Here are three theories for discussion"; &c.

yellowkid

I've sold 7 or 8 Conders the last week and have a long want list for myself. I think the prices have risen quite rapidly but that is often the case with any collectible that becomes hot, it will cool off and stabilize, until the next time. Demand for such items does tend to create a bubble, I've seen it with numerous antiques and collectibles over the past 30 years.

Bear

While dealers have seemed to pull back, collectors are still actively going after
high grade nice looking SC Dollars, as well as the SC Half Dollars. Perhaps the very
rare and high priced items are drifting but the mid range 50 - 200 dollar examples
seem to be actively traded by collectors. It is my opinion that collectors have been on
a learning curve as to what these medals should look like to be collectible. A lot of garbage
has been floated at rather inflated prices and collectors have been burned. Much like coins,
a piece may be scarce but if it is fugly, it is fugly. This is especially a concern ,when lovely
examples may be available with a little effort looking.I have been auctioning off a number
of my duplicates and have found a surprisingly strong market buying auction lots at small
auctions.

Many non HK examples are lovely and complex artistry and can be found in silver , are not all that
expensive. The rarity level of many of these non HKs is high and when I see one I am all over it.
Sometimes the unexplored lands are where the true gems are to be found.


One might say ,that the action is there, it is just quiet and under the surface. Unless you are actively
buying and selling in a certain price range and in non HK items, you will miss seeing it.

Longacre

<< <i>

<< <i>When I read the title of this thread, it reminded me of a thread I was thinking of writing. It seems that the markets have gotten less flamboyant lately. I recall back in the day when we had dealers calling other dealers saying that "this coin need to go to sleep", and then we had people leaving gold bars in their garages, and other sundry tales. The coin markets seem to be a bit more boring of late. >>




Is this Longacre reply itself a reflection of malaise in the market? "I was thinking of writing a question, but... eh."

What the !!!

Compare that to the typical Longacre output of two, three years ago. First of all, we're talking between 10 and 20 posts per diem. Second, each was a finely nuanced and multi-layered gem of philosophical gravitas, obviously polished and faceted by years growing up in New England's finest Jesuit summer camps. "What does QDB's lunch portend for the future of investor-quality early-19th-century silver type coins? Here are three theories for discussion"; &c. >>




The Jesuits taught Longacre well.

I will try to beat back The Man and find more time to write up posts.

Bear

This is actually a perfect environment to pick up the items, in the grade I like

at reasonable prices. You snooze you lose.

LeeG

My one and only picked up on the B/S/T in 2006. My State of birth and still in the original packaging:

Walkerguy21D

My only SC dollar, which I won with an absentee bid of $75 a few years back in a small estate auction.
I guess I don't care what the market for them is doing, as I'm not planning on buying any more, and not planning on selling this one