Influential Dealers/Collectors

Coin Finder

Do influential, well connected dealers and collectors get together either online, phone or in person and decide what the next hot U.S coin series will be promoted? I think this happened with bust half's and has happened with early coppers and 2.5 Indian gold. Does anyone here know how this works or is it all just a chance happening with supply and demand thrown in?

Just curious...

cladking

Most human behavior is about as predictable as that of a flock of geese. We're all going to
the same place and it only looks like we're following the leader. Such discussions as you de-
scribe do indeed take place and promotions come to pass but they aren't necessarily suc-
cessful and something else becomes the next place to land.

Even in tandem it is very difficult for dealers to control a sufficiently large share of most mar-
kets in order to manipulate it.

crypto79

it works the other way around from what I see. Typically dealers grow a following over the years and some point go form a passive dealer to a "market maker". When something gets focused by the market maker it becomes important to their followers. The 1878s Half was always a rarity but once Dick Osburn got a hold of a few of them and decided what elevated price to place them at it spurred competition and prices took off from there. Once you are a market maker if you convince just a few people to build sets most series are scarce enough that prices will go up from that point.

wondercoin

Where will the meeting be held for low mintage MS & Proof platinum coins? I have been waiting for that "promotion" to begin for at least (5) years now!

Wondercoin

ianrussell

Mitch, invite me to that meeting.

- Ian

dollarsandcents

Yeah, there is a cabal of highly influential collectors and dealers who meet in an undisclosed super-secret location every 2 years. They decide what every collector should be collecting, and what every dealer should be selling. They use some sort of thought transference technology to communicate their orders to all the subordinate collectors and dealers.

GoldenEyeNumismatics

Sometimes a dealer or small group of dealers will promote certain series or dates and run up the prices, but it is not the highly organized league that you describe.

MidLifeCrisis

Influential Dealers/Collectors...who would you include on that list?

I bet my list is different than yours.

dollarsandcents

<< <i>Sometimes a dealer or small group of dealers will promote certain series or dates and run up the prices, but it is not the highly organized league that you describe. >>



And how do they force buyers to pay their 'run-up prices' exactly? Those must be some promotions if they are able to entice collectors in the way you suggest.

Dice21

Do they have secret handshakes and blood oaths??.....

WestySteve

I was told that they'll let me into their club if I pass the initiation. BTW, what is snipe hunting and why do I need a bag?

astrorat

Dang ... I missed the Bust half meeting, I guess!

WTCG

<< <i>

<< <i>Sometimes a dealer or small group of dealers will promote certain series or dates and run up the prices, but it is not the highly organized league that you describe. >>



And how do they force buyers to pay their 'run-up prices' exactly? Those must be some promotions if they are able to entice collectors in the way you suggest. >>



There is a psychological bandwagon element that occurs when values increase. Many collectors (and dealers) after learning of an initial value increase and thinking prices will increase even more will buy more of that type of coin believing they could turn a bigger profit if those increase trends continue. Others who normally don't buy those types of coins will jump on the bandwagon, not wanting to leave money on the table. You've seen it with real estate and metals. When prices go up more people buy. When prices flatten out a lot of people get spooked and sell in a panic.

LindeDad

<< <i>

<< <i>

<< <i>Sometimes a dealer or small group of dealers will promote certain series or dates and run up the prices, but it is not the highly organized league that you describe. >>



And how do they force buyers to pay their 'run-up prices' exactly? Those must be some promotions if they are able to entice collectors in the way you suggest. >>



There is a psychological bandwagon element that occurs when values increase. Many collectors (and dealers) after learning of an initial value increase and thinking prices will increase even more will buy more of that type of coin believing they could turn a bigger profit if those increase trends continue. Others who normally don't buy those types of coins will jump on the bandwagon, not wanting to leave money on the table. You've seen it with real estate and metals. When prices go up more people buy. When prices flatten out a lot of people get spooked and sell in a panic. >>



Sounds a lot like common date ms64 Morgan's for about the last year or so.

bidask

Bust halves can definitely be promoted......there are lots and lotsa of them...

Early copper...would not seem so, .....2 1/2 liberties.... not sure?

They have been dead for a long time seems like....

EDIT....not sure about 2 1/2 indians either....

Poppee

<< <i> Do influential, well connected dealers and collectors get together either online, phone or in person and decide what the next hot U.S coin series will be promoted? I think this happened with bust half's and has happened with early coppers and 2.5 Indian gold. Does anyone here know how this works or is it all just a chance happening with supply and demand thrown in? Just curious... >>



If they do I don't think they would share it here.

All forms of biz have been rigged in one way or another in the past. How about the infamous 50-D nickel? Didn't one guy build a fancy vacation retreat with some of those receipts.

mrearlygold

It's the business we've chosen

melvin289

You mean to say we have our own Bilderberg Group here within the coin collecting faction of society?

Ron

jt88

<< <i>Yeah, there is a cabal of highly influential collectors and dealers who meet in an undisclosed super-secret location every 2 years. They decide what every collector should be collecting, and what every dealer should be selling. They use some sort of thought transference technology to communicate their orders to all the subordinate collectors and dealers. >>



Yap, they met last time June 8-10 at the Brookstreet Hotel in Ottawa, Canada. They decided to promote Chinese coins. That's why Chinese coins went up big time in 2010 and early 2011. Hope some of you guys sold some to take some profit.

jhdfla

"Just when I thought I was out, they pull me back in."