jmski.... if those are higher grade LCs hang onto them. Of the coins I sold, the higher grade bust cent brought me the most return, but now that I'm looking for a similar, or better, piece... it's difficult. I'll probably fork out much more than I made... and this is supposed to be more of a buyers market?
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
People have been looking at this and is frightens them. This is the PCGS 3000 for the past 3 years.
When I look at this, the perspective is a little clearer. While the current downtrend is real, and not good, it's hardly a blip if your particular circumstances favor the long view. All of this is slightly off-topic to the OP's post, I get that. Still, it's useful information to help formulate your own winning strategy.
Oh, I imagine we share many of the same thoughts..... It's interesting to consider what drives the "value" of the nation's collective numismatic holdings and what caused the inflection points on the graph. Better to discuss this in a different thread probably.
@BryceM said:
People have been looking at this and is frightens them. This is the PCGS 3000 for the past 3 years.
When I look at this, the perspective is a little clearer. While the current downtrend is real, and not good, it's hardly a blip if your particular circumstances favor the long view. All of this is slightly off-topic to the OP's post, I get that. Still, it's useful information to help formulate your own winning strategy.
If "gradeflation" were factored in, those two charts would look much less bearish.
It all depends on the segment of the collectibles, there are blue chips that will hold their value, go up or bounce up after a few corrections. What is the value of a particular collectible based on? Nice original piece with significant support with all those with extra moulah in the paper money and digital age, or something that is not rare, impressive, a no-problem piece with eye appeal? The summer doldrums are on a lot of markets, good luck selling at full value now unless the material is better than average in short supply. There are many high wage and savings people out there who would like very much to have many of the collectibles that owners may not think is special. Teachers/educators, union employees, successful corporate workers, immigrants with substantial money who would be glad to share in their citizenship with others in America buying nice numismatics.
@jmski52 said:
I tend to agree 100% with what the OP said. I found that I simply had too much "stuff". Bullion is much easier. I've been distilling everything down for awhile now, and in a few years it should be manageable again.
I thought about selling my Large Cents but every time I take them and look them over, I think that they're too nice to get rid of, for now.
I've been selling all of my extra slabbed stuff except for the actual sets. I've cracked out a bunch of 69s. Too many slabs, and easier to keep track of in 2x2's. My grading is as technical as any tpg anyway.
Hope they were bullion that you cracked out and not
collectable coins...
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......
Comments
jmski.... if those are higher grade LCs hang onto them. Of the coins I sold, the higher grade bust cent brought me the most return, but now that I'm looking for a similar, or better, piece... it's difficult. I'll probably fork out much more than I made... and this is supposed to be more of a buyers market?
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
People have been looking at this and is frightens them. This is the PCGS 3000 for the past 3 years.
When I look at this, the perspective is a little clearer. While the current downtrend is real, and not good, it's hardly a blip if your particular circumstances favor the long view. All of this is slightly off-topic to the OP's post, I get that. Still, it's useful information to help formulate your own winning strategy.
I AM a coin collector. I AM also a numismatist. (there is a difference) I am a better "collector" than the other....but I am still learning.
With the above, I DO watch the bullion AND collector market.
I DO buy bullion when I believe the market is at/near bottom. I DO sell bullion at/near when I believe the market is at the top.
I DO buy coins for my collection and to trade/barter/sell.
Do I buy/sell/trade a lot? No. When I do, the funds go back to the general account or into numismatic related.
Whether a collector, numismatist, flipper, vest pocketer, or dealer....all SHOULD be watching the market.
Oh, I imagine we share many of the same thoughts..... It's interesting to consider what drives the "value" of the nation's collective numismatic holdings and what caused the inflection points on the graph. Better to discuss this in a different thread probably.
If "gradeflation" were factored in, those two charts would look much less bearish.
It all depends on the segment of the collectibles, there are blue chips that will hold their value, go up or bounce up after a few corrections. What is the value of a particular collectible based on? Nice original piece with significant support with all those with extra moulah in the paper money and digital age, or something that is not rare, impressive, a no-problem piece with eye appeal? The summer doldrums are on a lot of markets, good luck selling at full value now unless the material is better than average in short supply. There are many high wage and savings people out there who would like very much to have many of the collectibles that owners may not think is special. Teachers/educators, union employees, successful corporate workers, immigrants with substantial money who would be glad to share in their citizenship with others in America buying nice numismatics.
Hope they were bullion that you cracked out and not
collectable coins...
The OP's purge mantra couldn't be more spot on
mark
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......