Summer: great time for family fun, but not so great for the coin trade? Or is it?
renomedphys
Posts: 3,941 ✭✭✭✭✭
From what I can tell, living in Reno and so close to Tahoe, is that people are vacationing in droves. To be specific, I have never before seen this area so innundated with out of town cars. Don't even try to park anywhere near the lake after 9AM.
It would seem, conversely, that except for us dyed-in-the-wool hardcore few, the world is taking a break from collecting.
This would be good if you are looking for a deal. They are out there, and there are likely fewer competitors to drive up the price.
For those of us trying to sell, however...
Thoughts?
It would seem, conversely, that except for us dyed-in-the-wool hardcore few, the world is taking a break from collecting.
This would be good if you are looking for a deal. They are out there, and there are likely fewer competitors to drive up the price.
For those of us trying to sell, however...
Thoughts?
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Empty Nest Collection
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
An authorized PCGS dealer, and a contributor to the Red Book.
Coin Rarities Online
Today I saw three people stranded outside my shop in a van. They sported tattoos, and cell phones,... but were out of gas. I gave them $3 after they asked for five and said, "this will get you about 20 miles. Do you mean to tell me you are on the road with NO MONEY ? " They said, "yeah"... All 3 walked away. The one in the stocking cap (90 degrees outside) asked if I would keep an eye on his van because the window did not go up.
When only one returned later, he had gas in a can, but the extension wasn't enough to penetrate that spring loaded plate in the mouth of the feed tube going into the tank, thus preventing the fuel from pouring into the opening. I got a stick on the ground , he'd already cut the bottom out of a plastic soda pop bottle and made a makeshift funnel and told me it didn't work. So I asked him, "Have you ever heard of McGyver ? " Then I shoved the stick through the center of his makeshift funnel and opened that "valve".
He said, "you really helped me enough, thanks... I can get it now". It was like an engineering feat and for once this summer, I felt useful as a coin dealer.
I thought to myself , "God, the things we do for love" I'm so glad there's ebay. It helps pay the fuel costs.
Edit to go from never to "rarely".
``https://ebay.us/m/KxolR5
But only because it is so hot anywhere else.
The coin market is alive, and the last Heritage sale was great for most consignors. An 1817/3 CBH in PC 64 went for over double guides. setting a record at 61K.
And the other CBH's in high grade did almost as well.
I am not a bullion buyer or trader, but those that prefer hard assets are still buying rare coins, even if they are not assembling large stores of bullion. Hard to find
rarities will sell well anytime( almost).
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Not really looking for much these days but if I were, it might be a toner.