If the Coin Market was a little better...
LeeBone
Posts: 4,557 ✭✭✭✭✭
...for some items I could part with, I would probably sell off a small chunk of coins in my collection. I see the "action" at the current time seems to be off, and have decided to wait until I notice it start to pick back up before I consider to do this. Just wondering if anyone else may be feeling the same way. 
0
Comments
bob
<< <i>It's a great time to be a buyer. >>
ill agree with that. buy wisely
That is why I have been aggressively buying and stacking
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Another question is what would the seller do with the money? If the answer is plow it back into more coins, isn't that a zero sum exchange (actually worse than that if a person is honest and pays taxes on their gains) because the new coins would be priced that much higher? If the answer, is buy other stuff, what kind of other stuff? Obviously, it isn't necessities, otherwise the sale would be forced no matter how seemingly depressed the prices.
but......a few things I want are sky high.....wth?
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
Are collectors moving away from coins of that type and, if so, why?
Collectibles can fall out of favor for a variety of reasons and can remain out of favor for long periods.
<< <i>Why is the market for YOUR material soft? >>
No one is currently promoting what I collect.
My market is very narrow.
No worries, I don't mind stacking very unique eye appealing material
<< <i>Why is the market for YOUR material soft?
Are collectors moving away from coins of that type and, if so, why?
Collectibles can fall out of favor for a variety of reasons and can remain out of favor for long periods. >>
Unless I'm mistaken, I'd say 90% of the current market is soft. You're in a tiny minority if your coins have been doing great the past few years. Collectors as a rule have been moving away from the coin market for the past 5
years as they attend to more pressing issues with their finances.
As much as some hate eBay or Great Collections, take a look at how many if not most of the auctions there have a high starting price. Too many people have been barbecued, in the last 2-3 months especially. I know I sure bought some great coins for ridiculous money when they have been at true auction.
If you can hold on to them without cash flow worry, buy, buy, buy!
I set up at a lot of smaller shows, I have been pleasantly surprised at both the crowd sizes and amount of sales this year.......
Coin Club Benefit auctions ..... View the Lots
<< <i>
<< <i>Why is the market for YOUR material soft?
Are collectors moving away from coins of that type and, if so, why?
Collectibles can fall out of favor for a variety of reasons and can remain out of favor for long periods. >>
Unless I'm mistaken, I'd say 90% of the current market is soft. You're in a tiny minority if your coins have been doing great the past few years. Collectors as a rule have been moving away from the coin market for the past 5
years as they attend to more pressing issues with their finances. >>
Any yet bids on several Newman coins now 11 days before the sale are looking quite frothy...
why would you hold off selling for less when that means you'd also be buying for less?? conversely, if you wait till things "heat up" and can sell for more you'll also be paying more.
At the same time, I will say right now is a great time to buy. Funny, cause I'm going through a fairly big renovation on my house and I thought I was going to sell off some coins and hang on to cash, but ironically for every 1 coin I've sold I've bought 2. I don't mind at all, because there are some really good deals to be had by me sticking to the virtue in paragraph one -- it has kept me out of trouble for more than 25 years
are being liquidated, the demand is increased at the margin by new collectors.
If you look around at the next coin show you attend, you will likely see that
most attendees are boomers. These are guys that had some interest in coins
as kids in the 1950's to early 1960's. (like me)
They would be in their peak collecting period except for the weak economy.
By the time the economy improves for them, they may be moving on.
<< <i>Supply and demand, the supply is being diluted by all the moderns and collections
are being liquidated, the demand is increased at the margin by new collectors.
If you look around at the next coin show you attend, you will likely see that
most attendees are boomers. These are guys that had some interest in coins
as kids in the 1950's to early 1960's. (like me)
They would be in their peak collecting period except for the weak economy.
By the time the economy improves for them, they may be moving on. >>
Many show attendees are actually considerably older than baby boomers. (The oldest baby boomers are now 67.)
Latin American Collection
<< <i>I see the market as very healthy for REALLY nice coins regardless of grade. >>
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>
<< <i>I see the market as very healthy for REALLY nice coins regardless of grade. >>
Empty Nest Collection
<< <i>As the dollar heads over the giant water fall, the coin market will continue to drop as we move to the Great Great Depresion. The Feds and all other central banks are printing as fast as they can, the second they stop or slow that is when the interest rates will creep up and then the explotion will come. As the dollar goes to zero, the nusmimatic values will continue to drop and the artificialy constrained values of gold and silver will shoot up. >>
...and then the Zombie apocolypse begins...
Latin American Collection
<< <i>...for some items I could part with, I would probably sell off a small chunk of coins in my collection. I see the "action" at the current time seems to be off, and have decided to wait until I notice it start to pick back up before I consider to do this. Just wondering if anyone else may be feeling the same way.
I have a lot of stuff to sell but I'm just too lazy.
I look at it this way, most of the stuff I have is the end result of "searching" for something and the losses I'll suffer will simply be the price I paid for searching.
Is the market soft?
Sure.
But then, lets define the softness after the holiday season since it typically picks up between now and Dec 24th.
The name is LEE!
<< <i>
<< <i>As the dollar heads over the giant water fall, the coin market will continue to drop as we move to the Great Great Depresion. The Feds and all other central banks are printing as fast as they can, the second they stop or slow that is when the interest rates will creep up and then the explotion will come. As the dollar goes to zero, the nusmimatic values will continue to drop and the artificialy constrained values of gold and silver will shoot up. >>
...and then the Zombie apocolypse begins... >>
Exactly. And right after that, I expect a softening of prices in early type, but not quite to the extent that some in this forum have been forecasting since 2001.
Coin Rarities Online
<< <i>
<< <i>
<< <i>I see the market as very healthy for REALLY nice coins regardless of grade. >>
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>
<< <i>
<< <i>I see the market as very healthy for REALLY nice coins regardless of grade. >>
almost everything else declines in value.
Your dollars will become increasingly valuable.
With the Fed there is not a likely deflation, but also the Fed has
not been able to get inflation up to the 2% that they consider
desirable.
<< <i>Exactly. And right after that, I expect a softening of prices in early type, but not quite to the extent that some in this forum have been forecasting since 2001. >>
Great - I'll finally be able to get a good deal on a nice chain cent!
<< <i>
<< <i>Exactly. And right after that, I expect a softening of prices in early type, but not quite to the extent that some in this forum have been forecasting since 2001. >>
Great - I'll finally be able to get a good deal on a nice chain cent!
And it will only cost one can of Campbell's soup which is the new reserve currency in Coolest Brave New World.
Latin American Collection
1) The amount I have considered selling is only around 10-15% of my holdings as a guesstimate.
2) The coins are not rare or hard to find.
3) I do not need the money immediately but it couldn`t hurt either.
4) I would not be using the money to purchase other coins.
In a nutshell, I do understand that you can`t always make money in the coin market and that really wasn`t my goal on these purchases. I was basically just considering thinning out some coins that I am moving on from.