Is the overall demand for gold coins and silver coins increasing or decreasing?
kingofcoin
Posts: 11 ✭
Is the overall demand for gold coins and silver coins increasing or decreasing?
This is a public poll: others will see what you voted for.
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The programmer in me says: yes
Left out one option
I was thinking of three.
3. Stay the same.
4. Gold up silver down
5. Gold down silver up.
I would chose #5.
what's going on right now is stagnation for all PM's. people don't buy bullion as collectors, they buy as investors. my time working in the Hobby has taught me that buyers hate when things are stagnant, but they will buy/sell if they think they have a notion of where things are headed.
Welcome to the forum!!!
It's hard for me to say as I just got back into collecting after 25 years, but to me it seems like demand in general is less now than it was 30 years ago for gold and silver.
Donato
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I believe this is absolutely true. Funny that everyone seems to start buying when the price jumps, not just with gold and silver either. Guess they feel like they are going to miss the boat, when the masses start buying it's usually time to start dumping.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
The market is saturated with junk. I used to be a junk collector, fill the hole at the cheapest price. I knew a bunch of old-timers who collected just like that...I don't do that anymore and I don't know many/any younger collectors who do. All that junk (see lots of stuff on eBay), is a big weight (pun intended) on the market.
The market appears to be geared to the price of gold and silver. As long as the PM market is stagnant, so will the coin market.
one thing I noticed was it's really hard to sell gold, pre-1933 or bullion, unless it's below wholesale priced. if you bought within the past 8 years your probably losing money unless you bought it on the cheap. I had one listing going on for over a year now, the more expensive the coin, the harder it is to sell
Price trends for "normal" coins - ones that most people in the hobby could purchase - seem to be in a downward trend. This really popped out when I was working on the 1936-42 proof coin book. Auction prices for most of the dates/grades moved down over the 20-year span of data I had available. Reporting basis was the same: hammer price + commission.
I suspect this is a consequence of a shrinking traditional hobby base, and failure of the ANA and other hobby organizations to engage with younger collectors.
It a perfect storm now but temporary to some degree. Spring is here and northerners are out playing in the yards. Bullion down due to market and anticipation of rate hikes. Not many new exciting things out right now from US mint so until the Buffalo release you won’t see much. I’m sure we will see a bounce back in Q3 & Q4.
Best place to buy !
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Apparently it appears at this time that unless both gold and silver are heavily discounted in price, they are no takers or very little action !!!
JMO
Good time to buy!!
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Good time to buy!
I was thinking thousands, since each coin has its own demand curve.
Doggedly collecting coins of the Central American Republic.
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Thank you so much!!
Ugh for silver.
Ditto, double ditto.....+1, +2...............
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Gold and silver coins demand down. The cash in digital coins came from somewhere.
Like gold. Hate silver
m
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......
To figure out demand, just look at price. Supply doesn’t change that much.
@kingofcoin... Welcome aboard.... I see an increase in demand.. though I think it is due to gold/silver prices dipping right now... If the dollar keeps getting stronger, then the dip will continue and offer better buy prices. The larger segment of the market will not start buying until melt starts an upward trend... even a spike will do that for a short period..... against all logic. Right now, the slight increase in demand is driven by those who buy on the dip... a smaller segment. Cheers, RickO
Welcome to the Forum.
As an intended illustration of @MrEureka's post, VF35 CC $20's are up, Ones without stickers are up less. MS62 NM Saints are down. The disparity in premiums has little to do with gold price fluctuations.
However, If gold were to go up or down 15% this would change the premiums much more dramatically for the "CC" Libs than the Saints.
The extrinsic premium for the vast majority of gold coins is down to sometimes widely-varying degrees
My impressions only. I'll take an @roadrunner disquisition on this as a more in-depth analysis.
Sounds like a good time to be buying.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yes, sir. Nothing is better for bullion demand than rising prices. Same for stocks, actually. Studies show that herd behavior kicks in when people become afraid of being left out of the run up.
All comments reflect the opinion of the author, evn when irrefutably accurate.