Fresh To The Market
Tibor
Posts: 3,722 ✭✭✭✭✭
How Long Does A Coin Have To Be "Off Market (No Dealer Sales,
Auction Sales)" To Be ConSidered "Fresh To The Market" When It
Returns? I See The Term Used Often.
1
Comments
To me, a coin is fresh to the market when it has never appeared publicly before.
It could mean the coin has been in the same flip for 100 years, or it could simply be a reholder of a coin that has been circulating in the marketplace for a while. I personally wouldn't allow "fresh to the market" to affect my purchasing decision greatly. It is an unregulated descriptive term.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
Fresh in its new current holder (after having been dipped).
Example -
Jimmy bought coin that could really use a dip cheap then cracked and dipped it making it look a lot better. He then was able to retail it (fresh and very lustrous) in its new TPG holder) for his cost plus 75 pct. A big bonanza for him ($2500 coin). He’s a sort of a specialist in that and calls it his sub hobby (Tarnish removal express) in the hobby. A really smart guy - Knows how to dip and work them to then get more money.
Sort of like dirty clothes into the washer with detergent and fresh after going thru drier.
No appearances in 50 years
Proud follower of Christ!
Ill-defined term that is nothing but an empty sales pitch.
I've got my grandfather's hoard. Pulled from circulation. Guaranteed fresh to market. You want a bunch of fresh AU halves or a stale Farouk Double Eagle?
All comments reflect the opinion of the author, even when irrefutably accurate.
Surprised he had time after all the corn he cracked. Whatever, I don't care.
chopmarkedtradedollars.com
Philippians 4:4-7
I’m guessing that your question was meant to be rhetorical.
However, my answer would depend upon three things - 1) how many AU halves, 2) the date of the Farouk Double Eagle and 3) its grade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
“Fresh to market” is an ambiguous term. It means different things to different people.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If the coin has already “been circulating in the marketplace for a while” a reholder doesn’t magically transform it to “fresh to market”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
lmao
Proud follower of Christ!
I only ever had two deals I would consider truly fresh: First one was a customer of mine had his aunt send a set of Morgans from california to me to sale, they were placed in an old coin album back in 1951 ,and been there ever since till I submitted them to PCGS few years back. I still have two of the dates from this deal, 1893-s was not present nor 95-proof.
Past year, helped a family with consigning a near complete set of $20 Lib & Saint gold that guys grandfather bought in the late 50's to late 60's range. Time set was put together was confirmed by the coins that were present in set, those who collect 20's know what I mean by that. Example no 1857-s $20 UNC were known at the time, the coin in this set was only a vf+. and probably one of the lowest graded coins in set. I have one rarer CC from this collection , had another but traded it and cash for a cc dime I wanted to get bargaining leverage. I would have loved to had two of the saints from this sale, a fabulous 21 and 30-s, but were way out of my price range .
I am going to agree with @pcgsregistrycollector on the 50 years.
Agreed.
Many years ago, I bought a nice and obviously old collection from a local coin shop that had recently acquired it. He offered it to a number of other local dealers, I made the highest bid, and I bought it. I offered it to another dealer, intact. He wanted to know if it was “fresh” and I told him that it was. The way I understood the term, it was, and answered in the affirmative. He bought it, and was upset with me when he later discovered that it had been shopped around by the original buyer. Neither one of us was right or wrong. As Mark said, the term is ambiguous, and can be easily misunderstood. In retrospect, I should have been clearer about exact how fresh the deal was and wasn’t, just to avoid confusion. Lesson learned.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I agree that it is very much a marketing ploy. I do know one time in my life when such a term would have applied. I was just a kid selling Fuller Brush when a recently widowed woman tried to pay for her order with proof Barber coins. I can't even remember the name of the guy from Chicago who came out to fly over country to see her but I bet he used it. James
My thoughts, as well.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
So you think that if coins auctioned in the 1890 Parmelee sale are offered for the first time since then, they wouldn’t be “fresh to market”? In my opinion they’d unquestionably be very much so. In part, because the “market” pertains to living participants and no one who was alive at that time is with us today.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That’s a good point. I agree with you.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
That’s a good start. 😉
What about a group of PCGS coins that were graded and sold at a show in 1987, which are being offered for the first time since then? To me, those would also be fresh to market.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Close but not 100% fresh..Maybe a better term for those would be: “not offered/seen in many years”?
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Marketing term.
Could be any number of things. One example could be a coin cracked and dipped then regraded. Then put in owners show or online sales inventory.
Or a banknote from a bundle of Gem CU world notes he bought for chump change decades ago then sent in to our hosts, graded, then put in online, show inventory (marked up).
Unfortunately, “many years” is also ambiguous. Ideally, but not usually the case, when making representations, sellers would use specific/non-ambiguous language
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Overused term that has little meaning due to the fact that it always needs to be qualified or explained. I would consider something that hasn't been "whored around the bourse", in a dealer's overpriced museum, or churned through auctions in a generation to be fresh, as the market is significantly different from what it was a generation ago, both in terms of participants and tastes.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
11.275 years.
Marketing pap.
It's all about the coin, not the hype.
"Got a flaming heart, can't get my fill"
Perhaps, it should be all about the coin, but many buyers prefer coins that they think have been off the market for a long period of time. Many dealers and collectors work hard to get “first shot” from sellers, even if the coins aren’t “fresh to market”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I understand the implied linkage between “fresh” and “quality”, since ostensibly a coin that has been offered for sale and passed on by someone else must in some way not be up to snuff…….i just think someone with patience, a good eye, and a willingness to get out and look at a ton of coins can probably assemble as impressive a collection as someone with more “first shot” capabilities.
As long as we’re not talking the top 1% of the top 1%, highly pedigreed type coins (though they are likely to made available through auction enough for the non first shot collector to have a crack at em if they have deep enough pockets).
And after typing that out I realize I haven’t answered the OPs question at all……….7-10 years would be about to enough to use the term for me I guess. But if I were a dealer I wouldn’t want to be saying “look how fresh my coins are” as much as I would “look how nice my coins are”.
JMHO
How can you be so certain? Your post above this one says "It means different things to different people."
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
You're correct - I did write that. I'm guilty of failing to anticipate that someone could consider coins "fresh to market" if they had “been circulating in the marketplace for a while”, merely because they'd been reholdered.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'm in the 50 years and greater boat. Off the market that long will usually mean offered to a new generation of collectors. Maybe a handful will remember when last offered.
I've seen a lot of different timelines kicked around by different dealers. The fresh factor is definitely considerable. Just look at how much a "fresh" coin realizes if it is auctioned again in close proximity to the last sale.
I would say an example definitely fresh if there are no public records of it in readily available digital form. Which means online lot listings, images, etc that you can readily look up. I think the days of catalog-only are far back enough to truly be called fresh at this point.
I think first time to market would be a separate category. When these pop up they usually realize prices that seem illogical. I've seen some of this bidding first hand, but those coin usually disappear for decades.... so by the time they sell again....the price seems logical.
The opposite, ala "stale", is more meaningful to me than however "fresh" a coin might be to the market. For example, if a coin has been sold publicly several times (auction records) in a short period of time, this will make me want to inspect a coin more carefully to ascertain a problem that might have been missed since one might assume that the buyers became dissatisfied after receiving the coin.
"Got a flaming heart, can't get my fill"
Dissatisfaction of buyers is certainly a good possibility for coins with frequent sales. Another possibility is that the buyers liked the coins and tried for upgrades, but failed.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
This is one of my favorite threads.
As a serious note - “Fresh to the Market”. Is a term have seen used from various dealers or vest Pocket traders. Everybody knows it’s a seller marketing gimmick.
Some coins just seem to make the rounds - from bourse to auction to bourse. Like a car going endlessly around a traffic circle and never making it to an exit (in this case a person’s collection).
"Look up, old boy, and see what you get." -William Bonney.
I herewith amend my "whored around the bourse" comment to read "whored around the bourse or grading rooms."
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Why not “and” instead of “or”? 😬
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Pop 1 coins are something I would deem fresh. Even if that same coin sold 10 times in a year, another doesn’t currently exist.
Just curious, did the DE collection include all the NOLAs and a ‘70 & ‘71 Carson. If so that was quite an accomplishment!
It was quite an impressive collection without these but including them would definitely take it to another level.
Because then something whored around one but not the other could be considered fresh.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Fresh = owned by a little old lady who only drove it to church on Sundays.
25 yrs comes to mind, so anything prior to 2000 might be considered fresh to market.