Quote from a Dealer

Gazes · May 9, 2016 8:28PM

The New York Times today reported that a dealer said "It shows that it's not as bad as people think. If you're selective about what you put in your [auction] and its fresh material, it will do ok." Talking about coins? No, article about the Christie's art sale that brought more money than expected. Seems like there is a trend no matter what the collectible is---selective, quality and fresh does well.

astrorat · May 9, 2016 9:07PM

If you're selective about what you put in your [auction] and its fresh material, it will do ok.

What a penetrating glimpse into the obvious.

Boosibri · May 9, 2016 9:20PM

Originally posted by: astrorat

If you're selective about what you put in your [auction] and its fresh material, it will do ok.

What a penetrating glimpse into the obvious.

Read this forum... most people here miss the obvious.

ricko · May 9, 2016 9:30PM

The old saying.... Good is not cheap and cheap is not good. Cheers, RickO

CoinRaritiesOnline · May 9, 2016 10:47PM

I believe the operative word in the quote is "fresh", as nothing seems to motivate collector and dealer buyers more than a fresh collection and, in my experience, freshness seems to trump quality in a lot of these sales.

TwoSides2aCoin · May 9, 2016 10:56PM

Quality, rarity, freshness, ... sounds like good lobster out of season. It's always expensive for a guy on a diet of tuna.

Gazes · May 10, 2016 1:39AM

Originally posted by: Boosibri

Originally posted by: astrorat

If you're selective about what you put in your [auction] and its fresh material, it will do ok.

What a penetrating glimpse into the obvious.

Read this forum... most people here miss the obvious.

Exactly my point. It does seem obvious but whether its art or coins or whatever, I can't remind myself enough to make sure that my purchase is material that meets these guidelines. I have to catch myself from buying something that seems to maybe fit a hole or seems really cheap---to remind myself that quality that only appears infrequently trumps a retread of a questionable coin regardless of how cheap it appears to be.

ctf_error_coins · May 10, 2016 1:47AM

Originally posted by: TwoSides2aCoin
Quality, rarity, freshness, ... sounds like good lobster out of season. It's always expensive for a guy on a diet of tuna.

Fresh Tuna is way better than fresh lobster any day of the week.

Live lobster is easy to catch in season.

Live Tuna are elusive.

roadrunner · May 10, 2016 2:19AM

Originally posted by: Gazes... Seems like there is a trend no matter what the collectible is---selective, quality and fresh does well.

Assuming it's bought at the right time in the collectible's cycle. That methodology would not have worked very well in 1979-1980, 1989-1990, 2007-2008. If you're holding for 20-30 years or more, then you can probably work off most of the cycle volatility. A significant % of fresh, quality, and select coins from 1989 are no higher today, and in most cases probably lower. The Farouk 1933 $20 Saint when purchased for $7+ MILL in 2002 met all those requirements. How's that worked out?

Davideo · May 10, 2016 2:06PM

Originally posted by: roadrunner The Farouk 1933 $20 Saint when purchased for $7+ MILL in 2002 met all those requirements. How's that worked out?

For seller it worked out great!

Quote from a Dealer

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