Buyer's Reports - Which Type Coin Markets Are Recently Soft?
MsMorrisine
Posts: 35,924 ✭✭✭✭✭
I hear about softness in the market.
Which type coin markets are soft?
I suppose this could exclude high ends and rarities. But maybe not.
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I thought from the last couple of shows (and reports) that the market was improving....Cheers, RickO
Nah, the market is a broad thing. Sometimes people mistake "sentiment" for the broad market...and the sentiment is "I'm not buying anything unless it's unquestionably PQ and such a bargain I cant' pass it up,"so these dealers and collectors are "actively buying." or "I've been looking for this piece forever and will pay whatever the cost, regardless of value." If you are in the crosshairs of the current sentiment, you might feel like the market is getting stronger...but I don't see any evidence of market strength, nor any reason why it should get stronger.
@mercurydimeguy....Interesting point.... I am only judging from reports (I am not a dealer or seller)... You would know far better than I on this topic. Cheers, RickO
All good, and not many might agree with my point of view (I'm ok with that), but from my own personal experience, this is kind of how I read the current situation and analyze the socioeconomic dynamics
Mid circ psuedo keys really soft
generic gold soft
Morgans you can find any where soft
Most Peace really soft
general type soft
mid circ CC seated keys softer
fresh rarities stronger
superb copper strong
From my experience lately:
Generic older gold, very soft, been acquiring some
General type coins <$250, very soft, and don't think many are interested in just hole fillers
Nice low-mid dollar type coins , say $250-$750 ( at least by my budget definition) remains stronger then I would like it to be....it seems like good type coins, with a nice look in this price range , still have a lot of competition....I read this as not many new type collectors entering, thus low dollar coins are plummeting, however established collectors are filling last slots or upgrading, and the ones still doing this have more educated tastes and go,after similar coins
Common peace and Morgan dollars very soft
Many certified coins are hard to sell, buyers are very risk averse. They want cac coins at Greysheet bid then negotiate a little up from there. I can't imagine many sellers making real money in this market unless they are able to buy cheap. You have to get the coins certified at marketable levels then more charges in shipping/stickering at cac and even then have to deal with the risk averse.
FWIW, it is possible for the coin market to improve while the plastic market declines. To see it happening, you just have to know what you're looking at - in person - and pay attention. Simple, right?
Doggedly collecting coins of the Central American Republic.
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