thouhts on fresh coins
Gazes
Posts: 2,315 ✭✭✭✭✭
I read a lot of commentary regarding the importance of fresh coins. I have some questions on this topic and would love to hear others thoughts.
The rule of thumb I always hear is that a coin that is off the market for 5 years is considered fresh when put back on the market. Do you agree? Do others feel like it should be shorter or longer?
The reason I think behind the desire for fresh coins are:
1) rarity---if a coin is sold often, it is less rare
2) a "fresh" coin generates a premium because it represents a small window in time to buy something that if missed could be another 5 plus years. Whereas a coin that isn't fresh may be available just down the road
3) the perceived idea that a coin that is being turned over quickly and resold has something wrong with it
Are there other reasons? Thanks again for any thoughts on the subject
The rule of thumb I always hear is that a coin that is off the market for 5 years is considered fresh when put back on the market. Do you agree? Do others feel like it should be shorter or longer?
The reason I think behind the desire for fresh coins are:
1) rarity---if a coin is sold often, it is less rare
2) a "fresh" coin generates a premium because it represents a small window in time to buy something that if missed could be another 5 plus years. Whereas a coin that isn't fresh may be available just down the road
3) the perceived idea that a coin that is being turned over quickly and resold has something wrong with it
Are there other reasons? Thanks again for any thoughts on the subject
0
Comments
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I have a bunch of Lincoln Memorial cents that have not been offered for sale in over 20 years. FRESH!
Many fresh coins are ugly.
Potential cherry pickin'.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
As an example: A gem Eliasberg coin from 1997 that traded again in 2011 would not be considered fresh to the market, even if owned by only 3 people over the past 70+ years. For that matter anything out of Gardner, Newman, and Pogue that has traded a 2nd time since the auction is no longer fresh to the market....expensive retreads huh?
In summary, freshness is what you want it to mean. It can be a lot hooey too. I have an XF 1877-cc dime that I cleaned multiple times back in the 1960's to remove "unsightly" tarnish. It looks cleaned today too. It was given to me by my grandfather who said it came from a safe he opened. That's been off the market for over 50 years....is it fresh?
bob:
and five years is but a blink in numismatics. Cheers, RickO
Speaking of hype......... here is some help.
That's awesome.
Speaking of hype......... here is some help.
That's awesome.
+1
U.S. Type Set
Wow the phrase generator!