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What Should Be In a Good Market Report?
Coinosaurus
Posts: 9,652 ✭✭✭✭✭
Just received a so-called "market report" from some guy who trolls for auction consignments. All it mentioned were a couple prices realized from the ANA plus the usual banal comments about how the market is strong, etc. This is somehow supposed to convince me that this guy is a "trusted insider" worthy of handling my consignments.
What should be in a good market report?
What should be in a good market report?
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RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
The name is LEE!
Unbiased, current information, collected from a variety of documented sources, published by someone who
doesn't stand to profit from it. Let me know when you find something like this
EDIT: More seriously, the best reporter of the market is the market itself. Consequently, I like
a report that reviews specific transactions and puts them in perspective. CRO does an excellent
job of this, for example.
<< <i>What should be in a good market report?
Unbiased, current information, collected from a variety of documented sources, published by someone who
doesn't stand to profit from it. >>
^^^ That sounds good to me, plus perhaps a tiny bit of historical cycle information regarding the areas the report is focusing on.
- Jim
It might not give much information, but since it was not significant, at least for your needs, read it and put the critique aside
Or if the author is a friend/dealer you know, write him/her with some suggestions.
I really cannot imagine spending any time( including the time I am using for this reply) to diss a dealer about the style of a "market report".
Of course you could disagree with the findings, like we do all the time re Laura's.
2. An elegant writing style sprinkled with some humor or sarcasm or emotion
3. Some specific information or perspective that is not available anywhere else in the public domain
4. A little bit of spin and promotion
5. Not so much hubris
6. A touch of extra-curricular material (food, drinks, travelogue, other diversions)-- man cannot live on coins alone!
My favorite "Market reports" are the CRO Road Reports, which are an original, live-from-the-show twist on the mundane, and Doug Winter's "I promised I would never write market reports again, but I am going to write one now anyway" blogs. Both are chock full of good information, are enjoyable to read, and you never quite know where they are going to take you.
The ones that I do not like so much read as follows...
I went to coin show. It was good/bad. Coins were hard to find and harder to buy. I bought some anyway.
The [choose one: winter/spring/summer/fall] doldrums came to end with the jam-packed ________ [fill-in the blank] show. From the moment the doors opened to the gullible public there was a frenzied buzz as collectors stormed through the bourse in droves. We were so hung over from partying the night before we don’t really remember anything that happened on Thursday.
Once again buying was very very tough. At dealer set-up we scoured the bourse seeking neat new coins for our mile long want list, but all we saw were the same old dealer retreads. Anything fresh and nice was being offered at sky high prices that just would not leave us any room for our reasonable 80% mark-up. Not much better luck trying to find three coins for my private collection that are so esoteric they might not even exist.
The auctions had some great coins all of which sold for moon money. We were big buyers on behalf of our hedge fund clients who have more money than they deserve. After the auction we went out on the town again with our dealer friends, and woke up on the floor of our hotel room the next morning. Here are 200 photos of empty wine bottles and other drunk dealers. You probably have never even heard any of those wineries but after a few too many it all pretty much tastes the same anyway.
On-site grading was tighter than ever. We’ll be resubmitting some newps after we boink them just enough to get an upgrade without anyone getting suspicious. Keep checking our website as we will be adding new coins as soon as we can sneek them past the graders. Just because they don’t have green stickers does not mean that they are not GREAT coins. Remember, our opinion is the only one that counts.
By Saturday morning everyone was packing up to leave even though they promised the promoters that they would stay through Sunday. Just as we were almost out the door a fresh deal came our way since there were no other dealers left around to sell to. A desperate client who is buried in the MS66 Saints and $1 gold commems we sold him offered us some properly graded XF45 early copper that he purchased from another dealer at fair prices before that dealer died in poverty. We’ll be offering these to our preferred clients by email for AU55 money.
While packing up our inventory we realized that we were down to our last three common as dirt MS67 Morgans. We have upped our bid to $100 but got NO offers. We do have three left in stock that we are offering at $1,500 each.
All in all we had a great show. We were able to buy some really great multi-coin deals that included some truly original better date gems, all of which we sold to other dealers before the show ended. The rest of the stuff that we had to take in order to get the good material will be posted on our website starting tomorrow at 40% over retail. We expect these newps to fly out the door so don’t wait for photos or descriptions before you buy. Remember, your paper dollars are worthless. Nobody wants them but us.”
CG
``https://ebay.us/m/KxolR5
<< <i>Here is an all-purpose, universal market report. No need to read new ones, just refer back to this thread.
The [choose one: winter/spring/summer/fall] doldrums came to end with the jam-packed ________ [fill-in the blank] show. From the moment the doors opened to the gullible public there was a frenzied buzz as collectors stormed through the bourse in droves. We were so hung over from partying the night before we don’t really remember anything that happened on Thursday.
Once again buying was very very tough. At dealer set-up we scoured the bourse seeking neat new coins for our mile long want list, but all we saw were the same old dealer retreads. Anything fresh and nice was being offered at sky high prices that just would not leave us any room for our reasonable 80% mark-up. Not much better luck trying to find three coins for my private collection that are so esoteric they might not even exist.
The auctions had some great coins all of which sold for moon money. We were big buyers on behalf of our hedge fund clients who have more money than they deserve. After the auction we went out on the town again with our dealer friends, and woke up on the floor of our hotel room the next morning. Here are 200 photos of empty wine bottles and other drunk dealers. You probably have never even heard any of those wineries but after a few too many it all pretty much tastes the same anyway.
On-site grading was tighter than ever. We’ll be resubmitting some newps after we boink them just enough to get an upgrade without anyone getting suspicious. Keep checking our website as we will be adding new coins as soon as we can sneek them past the graders. Just because they don’t have green stickers does not mean that they are not GREAT coins. Remember, our opinion is the only one that counts.
By Saturday morning everyone was packing up to leave even though they promised the promoters that they would stay through Sunday. Just as we were almost out the door a fresh deal came our way since there were no other dealers left around to sell to. A desperate client who is buried in the MS66 Saints and $1 gold commems we sold him offered us some properly graded XF45 early copper that he purchased from another dealer at fair prices before that dealer died in poverty. We’ll be offering these to our preferred clients by email for AU55 money.
While packing up our inventory we realized that we were down to our last three common as dirt MS67 Morgans. We have upped our bid to $100 but got NO offers. We do have three left in stock that we are offering at $1,500 each.
All in all we had a great show. We were able to buy some really great multi-coin deals that included some truly original better date gems, all of which we sold to other dealers before the show ended. The rest of the stuff that we had to take in order to get the good material will be posted on our website starting tomorrow at 40% over retail. We expect these newps to fly out the door so don’t wait for photos or descriptions before you buy. Remember, your paper dollars are worthless. Nobody wants them but us.”
CG >>
<< <i>CalGold, that was freakin' hilarious, and hopefully no one takes offense! >>
I agree that it was freakin' hilarious.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Cal Gold, well done!
What would be great is a show-report version of "the phantom gourmet", who could anonymously post all the fun juicy stories for us without being excoriated.
Probably would still be banned pretty quick though.
Edited to add, CG, there is one problem with your show report, there are not enough typos in it. Sorry, I could not resist
"Look up, old boy, and see what you get." -William Bonney.
<< <i>Here is an all-purpose, universal market report. No need to read new ones, just refer back to this thread.
The [choose one: winter/spring/summer/fall] doldrums came to end with the jam-packed ________ [fill-in the blank] show. From the moment the doors opened to the gullible public there was a frenzied buzz as collectors stormed through the bourse in droves. We were so hung over from partying the night before we don’t really remember anything that happened on Thursday.
Once again buying was very very tough. At dealer set-up we scoured the bourse seeking neat new coins for our mile long want list, but all we saw were the same old dealer retreads. Anything fresh and nice was being offered at sky high prices that just would not leave us any room for our reasonable 80% mark-up. Not much better luck trying to find three coins for my private collection that are so esoteric they might not even exist.
The auctions had some great coins all of which sold for moon money. We were big buyers on behalf of our hedge fund clients who have more money than they deserve. After the auction we went out on the town again with our dealer friends, and woke up on the floor of our hotel room the next morning. Here are 200 photos of empty wine bottles and other drunk dealers. You probably have never even heard any of those wineries but after a few too many it all pretty much tastes the same anyway.
On-site grading was tighter than ever. We’ll be resubmitting some newps after we boink them just enough to get an upgrade without anyone getting suspicious. Keep checking our website as we will be adding new coins as soon as we can sneek them past the graders. Just because they don’t have green stickers does not mean that they are not GREAT coins. Remember, our opinion is the only one that counts.
By Saturday morning everyone was packing up to leave even though they promised the promoters that they would stay through Sunday. Just as we were almost out the door a fresh deal came our way since there were no other dealers left around to sell to. A desperate client who is buried in the MS66 Saints and $1 gold commems we sold him offered us some properly graded XF45 early copper that he purchased from another dealer at fair prices before that dealer died in poverty. We’ll be offering these to our preferred clients by email for AU55 money.
While packing up our inventory we realized that we were down to our last three common as dirt MS67 Morgans. We have upped our bid to $100 but got NO offers. We do have three left in stock that we are offering at $1,500 each.
All in all we had a great show. We were able to buy some really great multi-coin deals that included some truly original better date gems, all of which we sold to other dealers before the show ended. The rest of the stuff that we had to take in order to get the good material will be posted on our website starting tomorrow at 40% over retail. We expect these newps to fly out the door so don’t wait for photos or descriptions before you buy. Remember, your paper dollars are worthless. Nobody wants them but us.”
CG >>
I'm leaving this board and never coming back, because it will never get better than that post right there.
<< <i>My only requirement is that it be spell-checked...
Someone was listening. Latest Legend Market Report.
I always enjoy Laura's reports, but cringe a little at the grammar/spelling - they seem a little rushed out. This one was nice!
Not really looking for much these days but if I were, it might be a toner.
<< <i>
<< <i>My only requirement is that it be spell-checked...
Someone was listening. Latest Legend Market Report.
I always enjoy Laura's reports, but cringe a little at the grammar/spelling - they seem a little rushed out. This one was nice! >>
Not sure if I routinely gain any new insight about the market from the Legend reports. It seems to me to only be boasts about sales, noting how they got blown away on certain auction lots and touting NEWPS. Frankly they all read the same.
Latin American Collection
Just start you coin (s) off in an ebay auction at 99c each.
<< <i>
I always enjoy Laura's reports, but cringe a little at the grammar/spelling - they seem a little rushed out.
>>
The funny thing is, if the typos went away, everyone would say they wanted the "old Laura" back
Good luck!