Error Coin Market Report 2016
SullivanNumismatics
Posts: 848 ✭✭✭✭
Here's my latest error coin market report, which is meant to sum up the current state of the error coin market. If you'd like to check it out, here's a link: https://sullivannumismatics.com/blog/error-coin-market-report-2016
www.sullivannumismatics.com Dealer in Mint Error Coins.
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Major and rare is doing well. Minor and common is doing not-so-well. This seems to be the case in most collectible fields, not just coins. I expect that trend to become even more pronounced in the future. Don't be surprised if the low end of most collectible markets devolve into "one-way" markets in which dealers only want to sell and not buy.
Jon, great article, well-articulated, and I'd agree
with the vast majority of your observations......
I always appreciate when dealers take time to write show reports, market reports, or whatever. Thanks Jon.
I have been pleased with nearly every coin I have purchased from you. Always look forward to your NEWP emails.
P.S. Would love to get a PCGS 50C on 25C
Thanks, glad y'all like it. I always enjoy reading other dealer/collector's show/market reports, and also enjoy putting them together myself from time to time. Understanding what's happening in the coin market helps both collectors and dealers alike--information is good for the hobby.
Great report and I agree with all you have written on the market conditions. Mint errors themselves are like the final frontier of numismatists. Collectors who embark on this journey to specialize in this area become distanced from the current coin market glamor as they are not as concerned with pluses, stickers, or even plastic brand. Competition is still strong when something rather unique enters the marketplace and I have seen no major pricing weakness. That being said when it comes to selling some are liquid whereas other require patience. Unlike regular coins they can be very personal requiring another collector to come along who likes the specific error as much as you did. Long-term ownership definitely helps when selling as I can honestly state that I have never taken a single loss just breaking even on a few I was already prepared to let go.
Great report Jon, and I agree with it.
Yes, eleven cent pieces used to have a value of $1000. I have sold two recently, one for under $700 but the other for over $1200, with the latter having superb eye appeal, probably the best I have seen on an 11 cent piece.