Do all coin dealers do rarity/price/population analyses, like Pinnacle's St. Gaudens analysis on the
Longacre
Posts: 16,717 ✭✭✭
I think RYK mentioned in another post that Pinnacle put up an analysis of St. Gaudens $20 coins. Here is a link to the article:
Pinnacle Article
Does anyone know if all dealers go through a similar analysis for the coins that they sell? I think it takes a special type of dealer to be able to "run the numbers" and make sense of the populations, market prices, trading levels, etc., and to come up with a coherent article that supports certain conclusions. Pinnacle's approach seems to be a more studious and cogent way of analyzing things, rather than just flying by the seat of their pants and blindly reccomending coins. I am not sure if this detailed approach is followed by other dealers, or whether only certain dealers take such a close look at the numbers.
I get a newsletter from a dealer in CT called Ellesmere Coin, and each month the writer goes through an analysis for a particular series similar to what Pinnacle did in their article. I find these types of articles, which rely on "hard facts", to be more useful than just having a dealer recommend a coin that just happens to be sitting in his inventory.
Do you like these types of articles, or do you get nauseous just looking at all of the numbers slathered on the page?
Pinnacle Article
Does anyone know if all dealers go through a similar analysis for the coins that they sell? I think it takes a special type of dealer to be able to "run the numbers" and make sense of the populations, market prices, trading levels, etc., and to come up with a coherent article that supports certain conclusions. Pinnacle's approach seems to be a more studious and cogent way of analyzing things, rather than just flying by the seat of their pants and blindly reccomending coins. I am not sure if this detailed approach is followed by other dealers, or whether only certain dealers take such a close look at the numbers.
I get a newsletter from a dealer in CT called Ellesmere Coin, and each month the writer goes through an analysis for a particular series similar to what Pinnacle did in their article. I find these types of articles, which rely on "hard facts", to be more useful than just having a dealer recommend a coin that just happens to be sitting in his inventory.
Do you like these types of articles, or do you get nauseous just looking at all of the numbers slathered on the page?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
(10-30 years) have an innate feel for what is up with rarity. It's hard not to collect something for 20 years and not got a good feel.
For them, the pop reports may just muddy of the waters.
Some others just swear by the pop reports with no independent thought or analysis on their own....unfortunately.
Still others look at the pop reports as forbidden fruit and dare not look upon the data because it is "tainted" and potentially full of errors.
I myself have done my own studies 20 years ago, considered others opinions, and still look at the pop reports because things do change.
roadrunner
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Saw a 25-s in PCGS MS63 just 2 weeks ago and it was baggy as all get out. Felt it was a 62 and had considerable stacking rub. Yes,
I can see how nice 63's would be tough.
Pinnacle's article seems rather good. I found it interesting that they stated that there are no underrated coins in MS64 grade. In other words there is nothing hidden from the pop reports/CDN pricing.
roadrunner
take a look see at the other gold coin articles especially the three dollar gold and the top 50 usa gold coins article and let me know what you think
I totally disagree that Saints are rare. With the exception of the 1921+1927D, there isn't ANY Saint you can't buy in some grade more than once during any year.
Example: 1931, take away Morse and since June Long Beach there have been at least six different examples I recall being on the market.
I think Pinnacle fails to disclose the signifciant risk of better Saints.
Sure there have been a few 1931's floating around, but after they are absorbed, now what? You can't find enough of them to satisfy the number of Saint collectors.....Wait until gold passes $500 and see the NEW Saint collectors trying to assemble sets....
RYK, I paid big money for the 1920 in MS65 because it is the only one graded as such by PCGS.....worth every penny and more....
$20 Saint Gaudens Registry Set
PCGS Price Guide
$20 Saint Gaudens Registry Set
<< <i>I think Pinnacle fails to disclose the signifciant risk of better Saints. >>
Bullseye, what is your beef with Pinnacle? It could just as easily be said that many non-"better" Saints have as much or more downside risk on a percentage basis than do the "better" Saints. Additionally several examples of over-valued issues were mentioned in the article.
This is not the first time I have seen you take what appears to be a cheap shot at them, either.
In a thread link about a nice looking original Proof gold coin of theirs, you, without seeing the coin in person said:
<< <i>This is gibberish. If this coin was that original and high end, they would have sold it to one of their friends or cracked it out themselves. Sadly, this is the way of the coin market today. I doubt there are many dealers-or even collectors who wouldn't crack and dip a fresh coin if they thought it had any chance of going up.
I don't doubt its original, but its probably still in the holder only because it can't go up. Its pretty bad when you have to pat yourself on the back for dealing in original coins. >>
In a thread linkabout coins they had noted as not having participated in the current strong market, you said
<< <i>Their using Bluesheet desn't surprise me. I have been told by several people they are bluesheet buyers. So that is what they are accustomed to >>
They are clearly NOT "bluesheet buyers" and their coins are not bluesheet coins. In many cases, coins of particular types and grades are not listed in the CDN, thus making the CCDN arguably the best (though obviously imperfect) price guide from which to make price comparisons (not value assessments).
You appear to have an agenda, as your comments look to be uncalled for, as well as off base.
<< <i>How do you turn on your PM?Q]
I think if you go into the "profiles" section in the upper right corner, you should be able to do it.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Sounds like a coin dealer version of "cheapskate".
<< <i>What is a bluesheet buyer? >>
A buyer who bases his purchasing on prices listed in the Certified Coin Dealer Newsletter (also called the CCDN and the "Bluesheet").
In many cases, prices in the CCDN represent sight-unseen prices. That contrasts with the Coin Dealer Newsletter (also called the CDN and "Graysheet") which typically lists higher prices, often representing sight-seen levels.
This statement applies to "serious money collectors"
In reality there are far more people working on sub MS-65 Sets than are those buying only the highest grade coins in that series. I can guarantee you( based on the 40+ sub ms-65 sets we are working on) that there are 10 times+ more collectors putting together lower grade sets than those looking for high five and six figure coins. Many of the smarter buyers today are picking up PQ pieces in the $4,000-$20,000 coins that triple or more in the next grade which in my opinion with all of the ovegraded cr-- out there is the smart move.
This is not to take away from those who have the funds to complete the ulitimate set. CONGRATS to those buyers, but to say anyone is less than serious because they are buying sub MS-65 coins is just not fair to those collectors. As we all know the pocketbook decides what you can own.