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***Poll: 2015 Market for U.S. Coins***
Goldbully
Posts: 18,508 ✭✭✭✭✭
We are now into 2015, how do you see the market for U.S. coins for the new year?
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Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
I hope I can sleep tonight........feels like a presidential event!!!
edited to add: "it's hard to excite the numismatic community on occasion."
Hoard the keys.
<< <i>A renewed buyer's market? It's been a buyer's market since 2008! >>
You're right, I should have said 'another' buyer's market.
<< <i>
<< <i>A renewed buyer's market? It's been a buyer's market since 2008! >>
You're right, I should have said 'another' buyer's market. >>
In that case, yes. With the price of oil in the tank (no pun intended) and no inflationary
pressure, gold will not make a meaningful advance, which will put a damper on interest
in coins. This could all change with some sort of destabilizing geopolitical event, of
course.
Conversely the market for run of the mill collector coins will continue to be slow. The middle class is dying before our eyes and with them a lot of the market for nice, but not stellar, material.
I place bids in the big auctions, and I get beat up most of the time. Yet The really nice material is in short supply, and most people who have it are holding, not selling. The last FUN show was an example. There were lots of coins to buy, but so far as I and many of the dealers with whom I do business were concerned, the "good stuff" was very hard to find.
From what I can see it's a seller's market for good stuff, a buyer's market for "stuff."
<< <i>From what I can see it's a seller's market for good stuff, a buyer's market for "stuff." >>
Any market without breadth is not a particularly healthy market, IMHO.
<< <i>For every seller there is not a buyer. >>
Good point. I have to laugh when I hear a stock market report the the effect that "The sellers sere in charge today". If a transaction took place there was both a buyer and seller, tho the seller might not have gotten the price asked (if the sellers were in charge),