13) Prices have come down on many coins and I think this was needed in order to create greater liquidity as there were just too many bad coins bringing down the "apparent value" of nice pieces.
It's not clear to me how lower prices creates liquidity.
EVP
It's also not clear if Tom is saying that lower prices were needed for all coins, or just for the "bad coins".
FWIW, I would argue that what was needed was for the spread between "low end for the grade" and "high end" needed to widen. The direction of the market was not anywhere near as important.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
It's also not clear if Tom is saying that lower prices were needed for all coins, or just for the "bad coins".
FWIW, I would argue that what was needed was for the spread between "low end for the grade" and "high end" needed to widen. The direction of the market was not anywhere near as important.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Nice report and very interesting insight on the market. I hope out Fort Collins show the same weekend did not hurt Baltimore too much!
I know, silliness on my part, as these are really two very different attendee's a couple of thousand miles apart on two very different show venues.
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
Let the record show that I entitled a thread "you can't swing a dead cat..." on this forum in 2004:
https://forums.collectors.com/discussion/278294/fill-in-the-blank-you-cant-swing-a-dead-cat-without-hitting-a
great report.
Fun report.