How quickly do local deals get disbursed in the marketplace?

Longacre · August 29, 2006 3:54AM

I was reading the EAC Region #8 newsletter and it had an interesting comment. A member indicated that there is a shortage of early copper in his part of the country and quantities of copper only come on the market when a local EACer sells in his area. Does anyone know how quickly local deals get disbursed into the greater marketplace? If a rather large EAC collection is sold to a local dealer, how quickly does it get flipped among several dealers and no longer becomes a local matter? I found this comment fascinating that there are still "local quantities" of coins. I just assumed that with Ebay and the national dealers and auctions, everything gets splattered all across the land.

291fifth · August 29, 2006 4:13AM

It depends on what dealer gets the deal. If it is a major dealer it probably gets disbursed very quickly as inventory turnover is very important to their business plan. If it happens to be bought by a smaller dealer who has a shop but doesn't travel much it may sit around for a long time. A Sunday bourse dealer might also tend to sit on it for quite awhile because he demands top dollar for everything nice...and he doesn't have nice material very often.

MrBreeze · August 29, 2006 4:28AM

My experience is that good stuff goes quickly, period. My local dealer got 160 coins back from the various TPGs. I was trying to get there, and be the first one to see them. I finally got to his shop on the second day after he got them. I think he had 18 left. I grabbed four Barbers, and the rest of the stuff was not "PQ," as they say.

USCGCraig · August 29, 2006 9:54AM

Out in Seattle, any early copper or Bust coinage worth a darn is picked up immediately. Same can be said for Seated Liberty coinage. There just isn't any available.

kranky · August 29, 2006 10:40AM

I think most non-junk deals get moved quickly. I know a guy who basically makes his living being the connection from mom-and-pop dealers and the larger market. He travels around to a bunch of shops every week or two to see what walked in, buys the stuff he can move, and then it's on to either a TPG or another, larger dealer. The mom-and-pops know he'll be coming around so they don't need to find an outlet. He knows which larger outfits are paying strong for certain coins, who needs what, etc. so he doesn't have to sit on inventory either. You talk about "first shot" - he often gets to see raw coins put away decades ago.

MrEureka · August 29, 2006 10:44AM

They get disPErsed pretty quickly.

Bochiman · August 29, 2006 10:55AM

<< <i>Out in Seattle, any early copper or Bust coinage worth a darn is picked up immediately. Same can be said for Seated Liberty coinage. There just isn't any available. >>

I think you can blame Marmac for that

How quickly do local deals get disbursed in the marketplace?

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