Bread and butter (coins) and spreads - what do you folks think will happen?

coinguy1 · December 4, 2003 10:10PM

If the market remains good / strong or gets even better, what do you folks think will happen to the spreads between various grades of better quality coins? Will they increase? Decrease? Remain virtually unchanged?

dorkkarl · December 4, 2003 10:14PM

since "grade" is an artificial characteristic, it's an artifiical question.

K S

coinguy1 · December 4, 2003 10:17PM

Karl, did I say my question wasn't artificial? Now that you have characterized / established it for me / us, please answer it or be quiet.

darktone · December 4, 2003 10:23PM

I would expect the price spread will get larger as the coins increase in grade. mike

kranky · December 4, 2003 10:31PM

I see two areas of strength - the very high-end coins, and the "common" coins. The collectors with deep pockets will push up the prices at the high end, which will increase the spreads there. The newer collectors will affect the VF IHCs, and similar coins. The huge "middle" will languish, because there is no increase in demand.

Goldog63 · December 4, 2003 11:00PM

your making me hungry!

sinin1 · December 4, 2003 11:07PM

the spreads between key date's in a series and generics will increse

the spreads between MS66, MS67, MS68 will increase

the spreads between PCGS/NGC and ACG/NTC will increase

at least that is what they have done in the past

mercurynut · December 4, 2003 11:16PM

Eveyone wants "top pop". Its human nature to want the best so they will rise faster and "drag" the lesser coins up in price when the spread becomes to large.

Barry · December 5, 2003 12:02AM

Sorry, not everyone. Even though dorkkarl's comment was tongue-in-cheek, he's right to some degree. Once you get around 65 and above, it is artifical and all plastic-driven. Think about it - if the coin isn't in plastic, would its value be anything near what it would be in plastic?

In answer to the original question, I believe the spread for pop-tops will continue, due to the registry lemmings' needs. Otherwise, I don't anticipate a change.

291fifth · December 5, 2003 12:58AM

The better material will continue to accelerate as long as the base of the market is formed by wealthy individuals. If anything happens to bring the average collector back, then, and only then, will there be any interest in the more mundane material. Personally, I expect coin collecting to be more and more a hobby for the wealthy as the years go by.

The obcession for ultra-grade coins and finest knowns is driven by the egos of collectors with more money than sense. I don't see this changing.

DHeath · December 5, 2003 1:23AM

Once you get around 65 and above, it is artifical and all plastic-driven. Think about it - if the coin isn't in plastic, would its value be anything near what it would be in plastic?

That seems to be a popular train of thought. Perhaps the coin in this thread could be distinguished from a PR65 without the plastic.

dorkkarl · December 5, 2003 1:58AM

to answer a different question, the dynamic of future spreads will behave the same as it always has, ie. narrow & widen based on what's the "hot" series at that time. ie. "spread" can't really apply to a broad mkt, but to individual examples.

K S

LAWMAN · December 5, 2003 4:31AM

I think the spreads will narrow as the prices get higher. Otherwise, do the math. Pretty soon it will be stratospheric if this doesn't happen. Go back and look at the dot.com boom. if things had kept increasing exponentially, some of the stocks would have exceeded the gross national product.

braddick · December 5, 2003 5:00AM

The more educated and experienced the Collector becomes the greater the price spread between grades.

Collectors, on the whole, are becoming seasoned (thanks, in part, to imformation being more accessible). I believe the price between grades of MS65; MS66; MS67 and MS68 will continue to expand because of it.

Nysoto · December 5, 2003 5:13AM

Buyers and sellers of high end coins often claim the prices paid for these coins will "trickle down" to lower levels of the coin market. I believe the reverse is true, the hoards of new entrants into the middle coin market are driving up prices at the high end.

BigE · December 5, 2003 5:37AM

I think better quality coins will continue to much higher levels-lots of new people entering the market and the newbies that entered at the inception ofthe state quarter program are moving on to other areas. PS, I hope I just didn't bash moderns, oh well----------BigE

Bread and butter (coins) and spreads - what do you folks think will happen?

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