Coin Market report and Baltimore Show Kudo's
ebaytrader
Posts: 3,312 ✭✭✭
Wow, Metals are up, lots of folks with cash looking for coins and still the now "age old complaint" Lack of fresh material. I am confused, lack of fresh material from where? Who? Certainly not on the bourse floors and especially not in Auctions. Fresh material? You could spend a huge amount of time and no see all the great coins available at major shows like Baltimore. Fresh material perhaps the only places that lack of fresh coins is the front line soldiers, coin shops and the dealers who buy directly from the public. Of course this has and always will be a problem as the years move along and different generations of coin collections and accumulations change, i.e., in the 1970’s shops were seeing a lot of 19th century type coins that were sold by the then seniors of the 1970’s. Shops are seeing the accumulations and collections of 20tyh century coins from today’s seniors of old collections and accumulations, Bu rolls, Dollars, proof and mint set and so on.
So lack of fresh material, where are all these great coins, well they are in the hands of collectors whom for the most part do not sell very quickly and tend to hold on to the coins they like. They are also in the hands of dealers all over the country, so why the lack of fresh material?
Does it have a lot has to do with pricing information? It appears that many nice coins that are offered for sale are priced at a good premium over the current grey sheet prices and have been for some while now, albeit sheet prices have raised much in many issues it has not been up to par of what levels are needed to loosen up this nice material. Is the market in general beholden to slow pricing information?
If you have been going to shows and such and have been unable to pay what you consider a fair premium over sheet for coins and you are loaded with cash and competing against others to buy coins in what appears to be a hot market, buyers and sellers seem to be worlds apart based on sheet prices, what is the problem? Lack of cool coins, I should think not just walking a bourse floor and knowing what is in the in the hands of collectors.
Could it be lack of up to date pricing info? Could it be unwillingness of collectors and dealers to part with coins even at premium sheet levels? Could it also be a combination of the two?
From what I can tell folks we are still in a great bull market and he still looks like he wants to move forward, so what is it going to take to loosen up these coins? Do we need to step up and realize that the sheets are not gospel especially in a hot market and just step up and pay the big premiums over sheet? Do we need better faster and more accurate pricing info? Ok what is your take?
I hope this provides some good topic matter and sure would like to get all the spectrum of opinions from you folks on this matter, Seems like a certainly worthwhile discussion considering this current market.
I would also like to Congratulate the Baltimore Coin Show for running another Superb Coin Show, regardless of what the market is like these guys Imho pound for pound put on the best business conductive Coin Shows in the country, superb dealer and public participation. I also like the fact that they have not been killing the coins shows by having multiple huge auctions before the show even starts like has happened to some shows. However, that is a whole other topic...
Much Regards to all and Happy Holidays to all!
Brian Kuszmar
So lack of fresh material, where are all these great coins, well they are in the hands of collectors whom for the most part do not sell very quickly and tend to hold on to the coins they like. They are also in the hands of dealers all over the country, so why the lack of fresh material?
Does it have a lot has to do with pricing information? It appears that many nice coins that are offered for sale are priced at a good premium over the current grey sheet prices and have been for some while now, albeit sheet prices have raised much in many issues it has not been up to par of what levels are needed to loosen up this nice material. Is the market in general beholden to slow pricing information?
If you have been going to shows and such and have been unable to pay what you consider a fair premium over sheet for coins and you are loaded with cash and competing against others to buy coins in what appears to be a hot market, buyers and sellers seem to be worlds apart based on sheet prices, what is the problem? Lack of cool coins, I should think not just walking a bourse floor and knowing what is in the in the hands of collectors.
Could it be lack of up to date pricing info? Could it be unwillingness of collectors and dealers to part with coins even at premium sheet levels? Could it also be a combination of the two?
From what I can tell folks we are still in a great bull market and he still looks like he wants to move forward, so what is it going to take to loosen up these coins? Do we need to step up and realize that the sheets are not gospel especially in a hot market and just step up and pay the big premiums over sheet? Do we need better faster and more accurate pricing info? Ok what is your take?
I hope this provides some good topic matter and sure would like to get all the spectrum of opinions from you folks on this matter, Seems like a certainly worthwhile discussion considering this current market.
I would also like to Congratulate the Baltimore Coin Show for running another Superb Coin Show, regardless of what the market is like these guys Imho pound for pound put on the best business conductive Coin Shows in the country, superb dealer and public participation. I also like the fact that they have not been killing the coins shows by having multiple huge auctions before the show even starts like has happened to some shows. However, that is a whole other topic...
Much Regards to all and Happy Holidays to all!
Brian Kuszmar
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Could it be lack of up to date pricing info? Could it be unwillingness of collectors and dealers to part with coins even at premium sheet levels? Could it also be a combination of the two?
From what I can tell folks we are still in a great bull market and he still looks like he wants to move forward, so what is it going to take to loosen up these coins? Do we need to step up and realize that the sheets are not gospel especially in a hot market and just step up and pay the big premiums over sheet? Do we need better faster and more accurate pricing info? Ok what is your take?
I hope this provides some good topic matter and sure would like to get all the spectrum of opinions from you folks on this matter, Seems like a certainly worthwhile discussion considering this current market.
...
Much Regards to all and Happy Holidays to all!
Brian Kuszmar >>
What people find difficult to understand is that higher prices can decrease supply. This is something the coin market hasn't experienced in a long time. The dynamic is that prices keep going up, and people see that, and think to sell next month when prices will be 5% higher, or next year at 20% higher. The explosive price moves happen when buyers capitulate and buy anything and everything, no matter what the ask. This can actually further diminish supply.
No one gets out at the top (well, one guy in Wichita, or Kalmazoo will, but no one else). The top is defined by the fewest number of sellers and highest number of buyers. In my opinion, we are a LONG way from a real top in coins or bullion. Corrections and price dips tend to be scary gut-wrenching adventures, and will shake out a lot of people. It is very difficult emotionally to watch a profit cut in half or go to zip in a month, and not panic and sell.
Much Regards