Are you buying or selling coins this summer?
CarlWohlforth
Posts: 11,074 ✭
I've been selling for a while. I built up a bit of cash. Some coins seemed cheap and metals also seem cheap. So I switched and have started a registry set. So now I'm a buyer. I will still sell some odds and ends to help finance my project but will be buying much more than I'm selling.
How about you?
UPDATE - just added a buying and selling option. When I say "I'm a buyer" I mean a net buyer, buying more than selling.
How about you?
UPDATE - just added a buying and selling option. When I say "I'm a buyer" I mean a net buyer, buying more than selling.
0
Comments
Why not both ??
Prices have been dropping, the market softening and more opportunities will arising..
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
<< <i>Yes. >>
COINS FOR SALE, IN LINK BELOW
https://photos.app.goo.gl/KCJYQg9x5sPJiCBc9
Searching for deals during the day. When the chores are done at least.
Selling maybe in the evening. If any body is buying that is.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Yes.
Why not both ?? >>
Exactly!
I F'ed up and said buying and selling. While I'm doing both, I'm a net buyer.
U.S. Type Set
Don't worry Sy, I'll keep track of your intention.
I'm not sure if this link will work: Wohlforth Family Modern Commems
Higher end coins are selling OK- low end coins seem to be languishing a bit. I haven't sold a cameo in months, but proof varieties are moving at lower price levels.
Overall, I am buying higher end coins when the price is right, but not really selling all that much. As a result, I am taking the summer off from doing shows, perhaps the fall will be better.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>Looks like 50% of the responses are net buyers with only 13% net sellers. I consider this audience to be "smart money"; more knowledgeable than those buying eclectic lots for huge mark ups from the TV. So I'd like to think that the market is making a bottom this summer. Anyway as a net buyer I hope so.
I'd guess that 40% rarely or never are net sellers of their numismatic coins during their entire time in the hobby, so your "smart money" comment may be accurate, but means very little when it comes to this question. I'd guess 85% of active members of this forum have zero interest in trying to time the coin market. I believe that the vast majority will rightly admit that they have no idea which way coin prices are generally headed, and most don't care. Most will continue to collect whether prices go up, down or stay the same, as their personal economic situation permits, and collect because they enjoy the hobby.
Any so-called "market bottom" might involve a 10% or a 20% move. For the vast majority 10% or 20% generates a big shrug, because prices at any given time will vary by at least that much from dealer to dealer, auction to auction, venue to venue. That much of move isn't actionable by average collectors because they typically lose at least that much on the typical spreads, dealer markups, auction fees, and shipping.
Interestingly buyers are now %40 with sellers at 16%.
Jim