Are high auction reserves a sign of a weak market?

Comments

• grip Posts: 9,962 ✭✭✭✭✭

  April 2, 2016 2:32AM

  or the consigner is buried and trying to dig himself out.

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• keyman64 Posts: 15,524 ✭✭✭✭✭

  April 2, 2016 2:51AM

  Could be one or the other or both!

  "If it's not fun, it's not worth it." - KeyMan64
  Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
  

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• DoubleEagle59 Posts: 8,376 ✭✭✭✭✭

  April 2, 2016 3:16AM

  Yes!!

  "Gold is money, and nothing else" (JP Morgan, 1912)
  
  "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
  
  "I only golf on days that end in 'Y'" (DE59)

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• jcping Posts: 2,649 ✭✭✭

  April 2, 2016 3:56AM

  High is a relative word. When no one bid at the opening price, we said the reserve is too high. This happens on up market and down market. During up market, owner could still place a sky high reserve to find one buyer gets hooked
  
  In short, I don't see high reserve means down market. I saw very low prices on sold items means down market.

  an SLQ and Ike dollars lover

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• coinkat Posts: 23,803 ✭✭✭✭✭

  April 2, 2016 7:16AM

  It depends largely on the coin and how often it makes an appearance- I would rather refrain from making a broad generalization

  Experience the World through Numismatics...it's more than you can imagine.

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• RYK Posts: 35,799 ✭✭✭✭✭

  April 2, 2016 7:23AM

  Originally posted by: coinkat
  
  It depends largely on the coin and how often it makes an appearance- I would rather refrain from making a broad generalization

  
  
  
  
  Aw, you are no fun!
  
  
  
  

  My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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• Baley Posts: 22,663 ✭✭✭✭✭

  April 2, 2016 8:41AM

  Originally posted by: 291fifth
  
  Are high auction reserves a sign of a weak market?

  
  
  
  
  
  
  Yes.
  
  
  
  The coin market was been weak for 12 years, 8 months, 25 days and counting...
  
  
  
  

  Liberty: Parent of Science & Industry

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• Jinx86 Posts: 3,710 ✭✭✭✭✭

  April 2, 2016 11:03AM

  Last few items Ive wanted at auction didnt make reserve. Other coins of the same type in the same auction without reserves went for 15-30% less than previous sales. The weakened market has been a blessing for some a curse for others.

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• ricko Posts: 98,724 ✭✭✭✭✭

  April 3, 2016 4:17AM

  Reserves are the minimum for which a seller will release a coin.... This usually includes a bit
  
  of profit, but at least covers investment....anything above is gravy. Cheers, RickO

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• Justacommeman Posts: 22,852 ✭✭✭✭✭

  April 3, 2016 4:26AM

  Originally posted by: Baley
  
  

  Originally posted by: 291fifth
  
  Are high auction reserves a sign of a weak market?

  
  
  
  
  
  
  Yes.
  
  
  
  The coin market was been weak for 12 years, 8 months, 25 days and counting...
  
  
  
  

  
  
  
  
  Wow, what a coincidence. That is the day 291fifth joined the forum. He indeed is consistent
  
  
  
  mark

  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......

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