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Are high auction reserves a sign of a weak market?

291fifth291fifth Posts: 24,594 ✭✭✭✭✭
in U.S. Coin Forum
... or just an overly optimistic consignor?
All glory is fleeting.

Comments

  • gripgrip Posts: 9,962 ✭✭✭✭✭
    or the consigner is buried and trying to dig himself out.
  • keyman64keyman64 Posts: 15,521 ✭✭✭✭✭
    Could be one or the other or both!
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • DoubleEagle59DoubleEagle59 Posts: 8,375 ✭✭✭✭✭
    Yes!!
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jcpingjcping Posts: 2,649 ✭✭✭
    High is a relative word. When no one bid at the opening price, we said the reserve is too high. This happens on up market and down market. During up market, owner could still place a sky high reserve to find one buyer gets hooked image

    In short, I don't see high reserve means down market. I saw very low prices on sold items means down market.
    an SLQ and Ike dollars lover
  • coinkatcoinkat Posts: 23,768 ✭✭✭✭✭
    It depends largely on the coin and how often it makes an appearance- I would rather refrain from making a broad generalization

    Experience the World through Numismatics...it's more than you can imagine.

  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Originally posted by: coinkat

    It depends largely on the coin and how often it makes an appearance- I would rather refrain from making a broad generalization




    Aw, you are no fun!



    image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Originally posted by: 291fifth

    Are high auction reserves a sign of a weak market?






    Yes.



    The coin market was been weak for 12 years, 8 months, 25 days and counting...



    Liberty: Parent of Science & Industry

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    Last few items Ive wanted at auction didnt make reserve. Other coins of the same type in the same auction without reserves went for 15-30% less than previous sales. The weakened market has been a blessing for some a curse for others.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Reserves are the minimum for which a seller will release a coin.... This usually includes a bit

    of profit, but at least covers investment....anything above is gravy. Cheers, RickO
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: Baley

    Originally posted by: 291fifth

    Are high auction reserves a sign of a weak market?






    Yes.



    The coin market was been weak for 12 years, 8 months, 25 days and counting...







    Wow, what a coincidence. That is the day 291fifth joined the forum. He indeed is consistent



    mark
    Walker Proof Digital Album
    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......

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