What specifically do you mean by a "fresh coin?"
scoobydeux
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We throw the concept of a "fresh coin" about quite a bit.
But what does this concept really mean?
Does a "fresh" coin refer to a unfamiliar specimen that has been unavailable for a long while? Or, can it refer to a recognizable coin that is newly available on the Market?
The reason I ask is this: with the proliferation of registry sets along with the popularity of Coin Facts, many premium pieces can become very familiar to those interested in a particular series.
Will this familiarity diminish the "freshness" of a coin when it eventually comes to market? Or will knowledge of such a coin's existence augment interest and/or the "freshness" factor?
But what does this concept really mean?
Does a "fresh" coin refer to a unfamiliar specimen that has been unavailable for a long while? Or, can it refer to a recognizable coin that is newly available on the Market?
The reason I ask is this: with the proliferation of registry sets along with the popularity of Coin Facts, many premium pieces can become very familiar to those interested in a particular series.
Will this familiarity diminish the "freshness" of a coin when it eventually comes to market? Or will knowledge of such a coin's existence augment interest and/or the "freshness" factor?
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Anyway, when people use it they are suggesting that a given coin(s) has not been offered for sale in a long time. As for availability and the market I think it comes down to rarity; another term which is thrown around like it actually means something.
I would.
<< <i>Fresh just means new to market, implying it's been off the market a while. Any coin that has been unavailable for 10+ years would be fresh to me. >>
That's interesting. Intuitively, I would have thought this term referred to a brand new coin, freshly minted..
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<< <i>
<< <i>Who would deem a metal detected dirt find of a 1793 Cent, even with environmental damage FRESH ?
I would. >>
Fresh just means new to market, implying it's been off the market a while. Any coin that has been unavailable for 10+ years would be fresh to me. >>
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>
<< <i>Who would deem a metal detected dirt find of a 1793 Cent, even with environmental damage FRESH ?
I would. >>
Fresh just means new to market, implying it's been off the market a while. Any coin that has been unavailable for 10+ years would be fresh to me. >>
>>
Or a raw coin that was just "freshly" graded and available wrapped in the appropriate plastic.
<< <i>Who would deem a metal detected dirt find of a 1793 Cent, even with environmental damage FRESH ?
I would. >>
That seems to be about as fresh as it gets.
To me it would be a lot more than 10 years to be considered fresh.
That box of 20 gold coins that Great Collections auctioned a week or so ago, fits the bill for me regarding slabbed coins.
For raw coins, who really knows how long they've been off the radar.
Unless they're real rarities that people follow ownership closely.
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Before the Internet, when coins traded much less frequently, "market freshness" was not anything like the factor it is today.
There was damn near NOTHING but true actual old-time collections. No flipping.
Today many a coin is trackable and easily identifiable as shop-worn.
"Planchet freshness" is having surfaces not necessarily unblemished but wholesome and pretty much unspoiled. Original "skin"
I would too!
.......I sure hope he does the right thing with it.....no cleaning....from the photos I saw I think it will be ok since it appeared to be shown as found, sometimes metal detector folks go for the wire brush type things because they are not collectors....not saying the MD guys are bad, I'm one myself, just sayin sometimes the excitment of a find can ...yada,yada, yada......
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<< <i>Fresh just means new to market, implying it's been off the market a while. Any coin that has been unavailable for 10+ years would be fresh to me. >>
Given that our high-speed internet driven world has caused most people to have the attention span of about 2 seconds, I would consider any coin that has been off the market for 5 years to be fresh.
<< <i>Which would you rather have- an ugly coin that's been off the market for ten years or a gorgeous coin that's been sold three times in the past two years? Only one of those two is fresh. >>
Your point is well taken--ugly is ugly, and eye appealing is eye appealing without regards to whether the coin is familliar.
<< <i>Fresh just means new to market, implying it's been off the market a while. Any coin that has been unavailable for 10+ years would be fresh to me. >>
I like this definition also - heck, even 5 years is probably sufficient - but the longer time off the market, the fresher it is, I suppose.
What I don't like is dealers touting a 'fresh deal' when they really just mean coins that are new to their inventory, regardless of the source. At that point it's
just hype - but I'll still look at them, of course
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Before the Internet, when coins traded much less frequently, "market freshness" was not anything like the factor it is today.
There was damn near NOTHING but true actual old-time collections. No flipping.
While it is true that collectors and investors used to hold coins for much longer time periods, dealers used to flip coins very frequently between themselves. In fact, before the TPGs, it was not unusual for a coin to trade hands half a dozen time at a single show. It's just a distant memory now, but such coins would typically remain in the first dealer's flip, with each purchase price "circled" and subsequently crossed off as the coin traded hands. What a blast that was. Leaving money on the table for the next guy wasn't seen as a blunder. That was just part of the fun.
Anyway, to answer the OP, "fresh" has different meanings to different people and in different circumstances. Here's one nightmare from the old days to illustrate. About 25-30 years ago, I bought an old-time coin collection from a local coin and stamp dealer, who had recently purchased it from an estate. The coins were, to my way of thinking, fresh to the market. I represented it as a "fresh deal" to a dealer friend, and he bought it. Later, he heard that another couple of dealers had earlier been offered the coins by my source - obviously, before I bought it - and my friend complained to me that the deal was not fresh at all. Anyway, he made money, we're still friends, I still think he was off base, and I now use the word "fresh" far less frequently.
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<< <i>The only coin I could call "fresh" is one just out of the press. >>
agreed
<< <i>
Before the Internet, when coins traded much less frequently, "market freshness" was not anything like the factor it is today.
There was damn near NOTHING but true actual old-time collections. No flipping.
While it is true that collectors and investors used to hold coins for much longer time periods, dealers used to flip coins very frequently between themselves. In fact, before the TPGs, it was not unusual for a coin to trade hands half a dozen time at a single show. It's just a distant memory now, but such coins would typically remain in the first dealer's flip, with each purchase price "circled" and subsequently crossed off as the coin traded hands. What a blast that was. Leaving money on the table for the next guy wasn't seen as a blunder. That was just part of the fun.
Anyway, to answer the OP, "fresh" has different meanings to different people and in different circumstances. Here's one nightmare from the old days to illustrate. About 25-30 years ago, I bought an old-time coin collection from a local coin and stamp dealer, who had recently purchased it from an estate. The coins were, to my way of thinking, fresh to the market. I represented it as a "fresh deal" to a dealer friend, and he bought it. Later, he heard that another couple of dealers had earlier been offered the coins by my source - obviously, before I bought it - and my friend complained to me that the deal was not fresh at all. Anyway, he made money, we're still friends, I still think he was off base, and I now use the word "fresh" far less frequently. >>
That was a very nice story. Thanks for your thoughts!
Assume the coin at auction has attractive eye appeal and is desirable for your collection. These questions are not intended for expensive rarities that whales buy.
1. Given the ease in discovering auction histories, if a coin has say 4 auction listings in the last 8 years (a hypothetical), is the coin stale and thus is its marketability diminished in your eyes (inhibiting your bid)?
2. Do you research the specific coin's auction history (as opposed to the general type and grade) in determining a bid?
3. What if the auction history also shows the coin in a different holder, does that influence you? How so?
<< <i>Which would you rather have- an ugly coin that's been off the market for ten years or a gorgeous coin that's been sold three times in the past two years? Only one of those two is fresh. >>
Fresh doesn't necessarily mean great, tho it may imply it. If a fresh coin was a dog, I bet you would see people like Laura not even mentioning it.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>We throw the concept of a "fresh coin" about quite a bit.
But what does this concept really mean?
Does a "fresh" coin refer to a unfamiliar specimen that has been unavailable for a long while? Or, can it refer to a recognizable coin that is newly available on the Market?
The reason I ask is this: with the proliferation of registry sets along with the popularity of Coin Facts, many premium pieces can become very familiar to those interested in a particular series.
Will this familiarity diminish the "freshness" of a coin when it eventually comes to market? Or will knowledge of such a coin's existence augment interest and/or the "freshness" factor? >>
I know what it means to me when I see the term used. Can you provide a better one?
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bob
<< <i>A year old thread, but I have a few related questions:
Assume the coin at auction has attractive eye appeal and is desirable for your collection. These questions are not intended for expensive rarities that whales buy.
1. Given the ease in discovering auction histories, if a coin has say 4 auction listings in the last 8 years (a hypothetical), is the coin stale and thus is its marketability diminished in your eyes (inhibiting your bid)?
2. Do you research the specific coin's auction history (as opposed to the general type and grade) in determining a bid?
3. What if the auction history also shows the coin in a different holder, does that influence you? How so? >>
Anyone interested in answering my questions?
"2. Do you research the specific coin's auction history (as opposed to the general type and grade) in determining a bid?" Depends. If it's a scarce variety, then I will do some detailed research.
"3. What if the auction history also shows the coin in a different holder, does that influence you? How so?" Yes. I look at the coin differently. Has it been 'improved' en route from one holder to another? Etc.....
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The nicest looking original half dozen bust halves or Barber Halves.
I don't really care for the term it is too subjective and mostly used by one dealer we all know.
I really can't stand the term "Dreck' either.
I'll bet you think my examples are silly. You know what so is the term
Fresh or Dreck...........BECAUSE THEY ARE SUBJECTIVE.
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I would be foolish to think that I was actually the very first person to go through the photo and card collection of XXXXXX after he died. The 6 inch high stack of material of 25 years collecting was represented as "fresh". It is my specialty and I have a reputation, but I'd never believe I was actually THE first. Maybe, probably not. So, like opinions and other adjectives, I take it with a or grain of salt or what have you.
Eric
Sometimes I wonder how a truly "fresh" coin would be identified
The medal is from a very old collection.
Now this one will be "fresh"
To answer catbert's questions,
"1. Given the ease in discovering auction histories, if a coin has say 4 auction listings in the last 8 years (a hypothetical), is the coin stale and thus is its marketability diminished in your eyes (inhibiting your bid)?"
Not in the least.
"2. Do you research the specific coin's auction history (as opposed to the general type and grade) in determining a bid?"
No. It is fun stumbling on it, though.
"3. What if the auction history also shows the coin in a different holder, does that influence you? How so?"
No. I like to know these things but it doesn't change my opinion or value of the coin.
Lance.
In my opinion, fresh should mean a coin that has just been certified for the first time.
1) No one has seen it for a while; it's certainly not "made the rounds" or been offered for sale in recent memory. Time varies, depending, but usually at least a few years.
2) Has some kind of "story" to enhance the "freshness"... it could be part of a collection that was inherited, or a hoard from long ago, or an astute collector
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I suspect there are tons of coins that travel within inner circles and only hit the outer public market when for some reason that is the last option for the coin.