I have a couple Proof type coins. If I gain or lose, it doesn’t matter to me.
I have two Gobrecht Dollars, but they don’t count because they have a different history. Once more it doesn’t matter.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I'm interpreting the OP's comment as they passed on purchasing coins when they were lower priced, and regret it now that the coins have risen in value. (I have no knowledge of the current Seated dollar market, just an awareness that many issues in the series are scarce and somewhat underrated)
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
@hummingbird_coins said:
I'm interpreting the OP's comment as they passed on purchasing coins when they were lower priced, and regret it now that the coins have risen in value. (I have no knowledge of the current Seated dollar market, just an awareness that many issues in the series are scarce and somewhat underrated)
Heck no - I paid multiples of those values realized to get the real coins at the time.
When I was looking for a no motto and with motto type coin of the series, I bought a nice MS 63 and a nice MS 64, and forgot about the series. The additional tick mark or two on a 4 was so much less expensive than paying for a 5. That, and hearing a guy brag that on the 11th submission, he got one of these into a 5 holder convinced me it wasn't a good idea paying full freight for one.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Probably a sign of the times. Too many coins, too many auctions going on at once, and not enough interest from the general public. In my opinion, it's probably because new collectors are just not going into coin collecting, vs whatever else it is they do with their time. It is one of the greatest hobbies of all, the hobby of kings. But like stamps, and silver teaspoons, coin collecting might be on the way out. Before anyone calls me a heretic, I have to say, one auction does not a market make! Something that sold for a lot a few years or months ago, and suddenly sells for nothing today, might just reflect a bad auction (not enough buyers, and poor marketing). Just some off the wall opinions. I have a whole book on the theory of markets, and each coin/country/mint/date has its own following. It's the last buyer who determines the price. But true value is in the eye of the beholder (and coin holder).
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
Not sure about this auction, but the ones that were stickered seemed to be doing well, since there are so many problem coins in the series. Are they falling as well?
I was watching many of them, but they are just above my optimal grade level. Most were 63 and 64s and I collect 61s and 62s. The 1848 and the 1859S seemed to go for a very reasonable price considering how rare they are and how low the mintages are.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
@Coinscratch said:
I’m guessing less interest in coins overall.
the ANA show attendees would disagree with that...
And MANY of the other recent auction results. Bidding has been extremely strong for several other types that I was bidding on (and presumably also other ones in which I was not involved).
@Coinscratch said:
I’m guessing less interest in coins overall.
the ANA show attendees would disagree with that...
As they should. But I am referring to the other 90 to 99% of the population.
Believe me, I don’t want to see our hobby die no more than the next collector. Nor have I ever believed that it actually is even with all the hear say here on the board. But when you start hearing it from the whales you begin to wonder.
@ElmerFusterpuck said:
Not sure about this auction, but the ones that were stickered seemed to be doing well, since there are so many problem coins in the series. Are they falling as well?
The folks that are serious about this series typically won’t even look at non-stickered pieces so this tracks.
@Coinscratch said:
I’m guessing less interest in coins overall.
the ANA show attendees would disagree with that...
Mark my words we will see a massive surge in collector interest once the parents of millennials start passing along their estates. It will be the first time in 20 years that a huge segment of this generation can pay off debt or have spending money. Things have been very bad economically for them the last 20 years so it's no surprise there isn't as much interest in high end pieces.
$4/hr back in the 70s is something ridiculous like $66/hr in spending power today.
Ok - Well what is their auc juice (buyers fee) vs GC or some other auc venue?
Generally in bidding at auc many taper down their bid by the auc juice percent. This would be players like investors, dealers, etc looking to get it around or close to CDN Bid (buy it right as many call it).
Seated Dollars are big ticket coins. Economic factors like ones budget can weigh in. Bid competition can be fierce.
Comments
In a good or bad way? Not that I have an iron in the fire.
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In a bad way. I remember a couple of the coins from my set building days - I passed on them at the time.
Going out on a limb:
Buyers: Good way.
Sellers: Bad way.
peacockcoins
I have a couple Proof type coins. If I gain or lose, it doesn’t matter to me.
I have two Gobrecht Dollars, but they don’t count because they have a different history. Once more it doesn’t matter.
Buying opportunity?
Collector, occasional seller
I'm interpreting the OP's comment as they passed on purchasing coins when they were lower priced, and regret it now that the coins have risen in value. (I have no knowledge of the current Seated dollar market, just an awareness that many issues in the series are scarce and somewhat underrated)
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
Heck no - I paid multiples of those values realized to get the real coins at the time.
When I was looking for a no motto and with motto type coin of the series, I bought a nice MS 63 and a nice MS 64, and forgot about the series. The additional tick mark or two on a 4 was so much less expensive than paying for a 5. That, and hearing a guy brag that on the 11th submission, he got one of these into a 5 holder convinced me it wasn't a good idea paying full freight for one.
"Seu cabra da peste,
"Sou Mangueira......."
I think it is a good time to buy. Buy Low, Sell High.
Probably a sign of the times. Too many coins, too many auctions going on at once, and not enough interest from the general public. In my opinion, it's probably because new collectors are just not going into coin collecting, vs whatever else it is they do with their time. It is one of the greatest hobbies of all, the hobby of kings. But like stamps, and silver teaspoons, coin collecting might be on the way out. Before anyone calls me a heretic, I have to say, one auction does not a market make! Something that sold for a lot a few years or months ago, and suddenly sells for nothing today, might just reflect a bad auction (not enough buyers, and poor marketing). Just some off the wall opinions. I have a whole book on the theory of markets, and each coin/country/mint/date has its own following. It's the last buyer who determines the price. But true value is in the eye of the beholder (and coin holder).
Not sure about this auction, but the ones that were stickered seemed to be doing well, since there are so many problem coins in the series. Are they falling as well?
10-4,
My Instagram picturesErik
My registry sets
I’m guessing less interest in coins overall.
New money is buying crypto coins not cryptic coins.
I was looking at the coins to see what you were referencing. I wasn’t sure what coins you were referring to. Can you post a few examples. Thanks
the ANA show attendees would disagree with that...
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I was watching many of them, but they are just above my optimal grade level. Most were 63 and 64s and I collect 61s and 62s. The 1848 and the 1859S seemed to go for a very reasonable price considering how rare they are and how low the mintages are.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
And MANY of the other recent auction results. Bidding has been extremely strong for several other types that I was bidding on (and presumably also other ones in which I was not involved).
chopmarkedtradedollars.com
As they should. But I am referring to the other 90 to 99% of the population.
Believe me, I don’t want to see our hobby die no more than the next collector. Nor have I ever believed that it actually is even with all the hear say here on the board. But when you start hearing it from the whales you begin to wonder.
Doom and gloom @Coinscratch
Wait until there is a sustained stock market decline over a few months and then put your worry hat on
"Got a flaming heart, can't get my fill"
The folks that are serious about this series typically won’t even look at non-stickered pieces so this tracks.
BHNC #248 … 130 and counting.
Mark my words we will see a massive surge in collector interest once the parents of millennials start passing along their estates. It will be the first time in 20 years that a huge segment of this generation can pay off debt or have spending money. Things have been very bad economically for them the last 20 years so it's no surprise there isn't as much interest in high end pieces.
$4/hr back in the 70s is something ridiculous like $66/hr in spending power today.
Generally in bidding at auc many taper down their bid by the auc juice percent. This would be players like investors, dealers, etc looking to get it around or close to CDN Bid (buy it right as many call it).