Who really controls the coin market?

MrEureka · January 25, 2004 2:19AM

The grading services?

The US Mint?

Dealers?

Collectors?

The Federal Reserve?

STEWARTBLAY?

or all of the above?

FatMan · January 25, 2004 2:21AM

It's the grading services. Most coins are sold by the plastic and the number assigned. Now that is control.

Baley · January 25, 2004 2:22AM

in the aggregate, the Universal economic law controls everything: Supply and Demand

nwcs · January 25, 2004 2:24AM

Red book publishers.

Louis · January 25, 2004 2:27AM

Supply and demand.

nwcs · January 25, 2004 2:30AM

I should also add CDN and their "information providers"

I mean, come on, we all know there were millions of 1804 dollars made. They just hide them to falsely inflate their value. Just like the diamond suppliers.

razorface1027 · January 25, 2004 2:33AM

The following is in order:
1: Grading scvs.
2: Now the mint's in on the action
3: Collectors
4: Dealers

DHeath · January 25, 2004 2:40AM

Asia.

kieferscoins · January 25, 2004 2:40AM

I would have to agree that CDN controls a good portion of it. The redbook might have some influence on the retail prices, but they are always a year behind and are not as influential as a weekly greysheet is.

Cameron Kiefer

roadrunner · January 25, 2004 2:41AM

Grading services
Auction houses
CDN / blue sheet
Dealers/investors
Collectors
and last but not least....trading networks.

roadrunner

joeyuk · January 25, 2004 2:42AM

demand drives supply so I say the collectors.

Baley · January 25, 2004 2:44AM

I guess I dont understand the question... what is meant by "controls the coin market"?

are we talking about who controls the prices? availability of items? what?

Russ · January 25, 2004 2:45AM

The vast right wing conspiracy controls the coin market. OOPS! Wrong thread.

Russ, NCNE

Cam40 · January 25, 2004 2:56AM

We ALL control the coin market.
Thats why its a mess. Too many cooks in the kitchen.

clw54 · January 25, 2004 2:57AM

At times it seems the dealers control the high end stuff. In the Long Beach thread, somebody said the only good day was Friday, becaue the dealers were trading amongst themselves in hotel rooms the other days. Betcha they aren't trying to find ways to pass bargains onto the collectors.

There's a also the number on the slabs, which is a combination of the grading services and the dealers submitting coins on Wednesday and hoping to get a higher number assigned to the coin. Same coin, but a higher number equals a higher price.

roadrunner · January 25, 2004 2:59AM

The left wing conspiracy controls the coin market along with inputs from the west wing of the White House. That said, maybe Heritage controls the coin market....or at least has the biggest influence.

roadrunner

wallstreetman · January 25, 2004 3:03AM

$ controls all Markets!

fcloud · January 25, 2004 3:06AM

Simple economics--It all boils down to supply and demand. People will only pay what the market will bear. If prices are too high the inventory will sit in dealer's stock. If prices are too low the dealers will not have any inventory.

joeyuk · January 25, 2004 3:17AM

A collectable is only worth what someone else is willing to pay. You as a dealer may set any price but the item does not have that value till a collector is willing to pay that amount.

cucamongacoin · January 25, 2004 4:07AM

In my opinion, I would have to say that there are actually two major aspects of the "coin market", divided, generally speaking, into MS65 and lower and MS66 and higher groupings. The values within both groups are influenced by the CDN, which is in turn a product of "supply and demand". For the MS65 and lower group, the values of most issues are truly a representation of REAL supply and demand. In the higher grades, the function of supply and demand becomes highly variable, and more a product of manipulation by the promoters of "pop top", "investment quality", "low population" (for moderns), and "registry sets", than by mainstream coin collectors. However, I also believe that everyone has a choice and free will to do what they wish with their money, so I choose simply not to participate in the psuedo coin market, and my intent is not to denigrate the manner in which some people choose to make a living.

mgoodm3 · January 25, 2004 4:21AM

I do!, I pull all the strings, and I write the songs that make the whole world sing.

jeffnpcb · January 25, 2004 4:22AM

PNG and PCGS! That was simple!

Louis · January 25, 2004 4:24AM

I thought it was twodogs.

darktone · January 25, 2004 4:51AM

<< <i>PNG and PCGS! That was simple! >>

from what I understand the PNG is the one that runs everything.

RYK · January 25, 2004 4:56AM

I am not sure that any one entity controls the coin market, but all of the above exert some degree of influence. Ultimately, it is my opinion, that the collector/investor has the greatest influence. You could remove any one of the other entities and a viable coin market could and likely would exist. Take out the collector/investor and things come to a screeching halt pretty quickly.

MrEureka · January 25, 2004 4:58AM

from what I understand the PNG is the one that runs everything.

That would explain a lot of things!

relayer · January 25, 2004 6:43AM

Once again, it's the Stonecutters

Who controls the British crown?
Who keeps the metric system down?
We do! We do!
Who leaves Atlantis off the maps?
Who keeps the martians under wraps?
We do! We do!
Who holds back the electric car?
Who makes Steve Guttenberg a star?
We do! We do!
Who robs the cave fish of their sight?
Who rigs every Oscars night?
We do! We do!

Bear · January 25, 2004 6:59AM

<< <i>I thought it was twodogs.

>>

No Louis, he only controls the gold supply.

barberlover · January 25, 2004 7:04AM

Bear, after your shopping spree we got pics of last year, I thought it was you !!! lol

Les

Bear · January 25, 2004 7:06AM

Supply and demand only applies if there is depth to the market

for a particular series of coins.If you have a limited supply of a coin

and a stronger demand but a severly limited number of collecters,

then you end up with difficulty is selling and stagnant prices. As to the actual control of the market

it is many factors depending where in its cycle the coin market is. Psychology of the market place

plays a role as big as the 3rd party grading services. At some point, different factors play larger or smaller

roles in markest control and direction.

ARCO · January 25, 2004 7:07AM

It is Anaconda (adrian). After you see some of his pics, you get a certain urge to get that 50K home improvement loan and just blow it all on beautiful coins.

It is like some subliminal message that forces a person to just spend, spend, spend on coins. Dammmnnn HIM!

Tyler

Bear · January 25, 2004 7:07AM

Getting ready to go on another buying splurge in the next few weeks.

LUCKOFTHEIRISH · January 25, 2004 7:28AM

The mint, and all the six second grading that goes on.

MrEureka · January 25, 2004 7:36AM

Who really controls the coin market?

Nobody, of course.

1jester · January 25, 2004 8:37AM

Aww, Andy, give yourself some credit!! After all, who recently bought those two pop-one Canadian coins??

Who really controls the coin market?

Comments

Leave a Comment