My guess is that the folks here skew towards above average in income, above average in numismatic knowledge, and above average in buying power. That said, maybe only 3% of all coin collectors are registered here and maybe only 10% of those participate actively.
As for advertising on this forum, it is often a low yield proposition advertising to an educated crowd. That ad money can often yield much better results in places where information is not as freely available. That would include the major coin magazines. Those dealers with multipage ads stay in business despite often selling overgraded or overpriced coins. This does not even touch on the high cost venues to advertise such as general interest magazines of paid TV infomercials. The buyers there are not educated. The advertisers there would never be able to sell more than a few coins in a place where information is widely available.
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking.
There might be at most 30,000 registered subscribers to this forum (I thought I saw that number once). Not everyone collects Moderns, not every one buys rare PR Gold. I saw somewhere that at any given time, no more than a few hundred people are lurking here. These numbers are miniscule when compared to how many people buy and sell coins on a daily basis.
Without this knowledge you can not make a blanket comment that the market is peaking. And don't say I have a vested interest and I'm cheerleading. Heck, when the market corrected, I called it.
Now, the market is robust again and the FUN auctions have clearly spurred interest.
Mark my words, the coins in the Heritage FUN sale that are FRESH, RARE, and are PROPERLY GRADED wiull sell for huge money in heated bidding. >>
Qouted to point out that this is a fair assessment. Love her or lump her, Laura is on the mark, or at least in the right ballpark, with this.
Laura's right, and her delivery isn't insulting. Besides, the forum participants wouldn't act in unison to move the market or influence behavior if they WERE a large enough fraction of the whole market to do so. It's a pretty entertaining and occasionally educational place, but so is the zoo.
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion(sic) exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking. . >>
Laura, your opinion here seems overly subjective. If you think the coin market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking, then maybe you should put things in proper perspective. The coin market is not even one tenth of one percent of the stock market. The size and breadth of the stock market hasn't prevented many more from spending discretionary income on establishing a store of wealth and fortune in that market, and I seriously doubt that many in the stock market have as much insight in that market as coin collectors have in the coin market.
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion(sic) exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking. . >>
Laura, your opinion here seems overly subjective. If you think the coin market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking, then maybe you should put things in proper perspective. The coin market is not even one tenth of one percent of the stock market. The size and breadth of the stock market hasn't prevented many more from spending discretionary income on establishing a store of wealth and fortune in that market, and I seriously doubt that many in the stock market have as much insight in that market as coin collectors have in the coin market. >>
I have insight into both.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
<<<I always thought that this forum represented a very good cross section of numismatics.
In another thread, there was a response as follows:
“Totally incorrect! If you think this forum is a good sampling of the market-you are wrong. I'll say it again, this forum does NOT have the financial firepower to dent the market. I doubt if every POSTING member bought a coin in the upcoming Heritage sale, it still wouldn't account for even HALF of what will be sold. >>>
Me thinks there is a very good cross section of collectors here. Everything from State Quarters to 1913 Lib Nick. However it is a very small section of the collecting population that is here and I don't think this board has enough members to "to dent the market."
Change that we can believe in is that change which is 90% silver.
It's amazing to see all the personal agendas come out in a post like this. Here's a couple of observations:
While it may be (and probably is) true that the majority of coin collectors in the U.S. don't post here, that has nothing to do with how representative a sample we have here, and how much dissatisfaction here would impact PCGS.
I looked into buying some Collector Universe stock earlier this year. My broker provided me with two analyst reports which included a statement to the effect of ' five coin dealers account for 27% of Collector Universe's Net Revenue'. That's 5 coin dealers - none of whom participate in this forum. (BTW - both analysts had CU rated as a 'Sell". ) The only motivation PCGS has for tolerating (and paying for) this forum is good citizenship (marketing) - not financial. The members who do give PCGS any significant business are not going to stop because of anything that happens here.
The concept of money vs. knowledge is constantly mixed up in this tread. My observation is that there isn't a lot of either displayed in this forum. Not that there aren't good representatives of both, but there is a very vocal minority that feels it is their god given right to dominate this board, even though they don't possess much of either.
I encourage DH to start eliminating members that post erroneous, misleading and even hateful comments. Shouldn't there be some qualifications? At a minimum how about eliminating the ability to hide behind pseudonyms. Their opinions are completely self-serving and do more harm than good to the community. These people will lead to the demise of the forum if they aren't shut up and put out to pasture.
Have a nice day.
Don Willis Premium Numismatics, Inc. myurl 800-596-COIN
<< <i>It's amazing to see all the personal agendas come out in a post like this. Here's a couple of observations:
While it may be (and probably is) true that the majority of coin collectors in the U.S. don't post here, that has nothing to do with how representative a sample we have here, and how much dissatisfaction here would impact PCGS.
I looked into buying some Collector Universe stock earlier this year. My broker provided me with two analyst reports which included a statement to the effect of ' five coin dealers account for 27% of Collector Universe's Net Revenue'. That's 5 coin dealers - none of whom participate in this forum. (BTW - both analysts had CU rated as a 'Sell". ) The only motivation PCGS has for tolerating (and paying for) this forum is good citizenship (marketing) - not financial. The members who do give PCGS any significant business are not going to stop because of anything that happens here.
The concept of money vs. knowledge is constantly mixed up in this tread. My observation is that there isn't a lot of either displayed in this forum. Not that there aren't good representatives of both, but there is a very vocal minority that feels it is their god given right to dominate this board, even though they don't possess much of either.
I encourage DH to start eliminating members that post erroneous, misleading and even hateful comments. Shouldn't there be some qualifications? At a minimum how about eliminating the ability to hide behind pseudonyms. Their opinions are completely self-serving and do more harm than good to the community. These people will lead to the demise of the forum if they aren't shut up and put out to pasture.
The concept of money vs. knowledge is constantly mixed up in this tread. My observation is that there isn't a lot of either displayed in this forum. Not that there aren't good representatives of both, but there is a very vocal minority that feels it is their god given right to dominate this board, even though they don't possess much of either.
No Chance, my post is only number 64 so I doubt it will exceed 100+ unless some take your number as a challenge and do whatever it takes to get it that high. It has happened before.
<< <i> Personally, I find Laura to be a very lovable character here. >>
"Valuable" I can fathom. As for "Lovable," I defy you to show me one post--and there are thousands to choose from--that reveal her as amiable, warm, caring, sympathetic or anything that even broadly falls within the definition of "lovable." You're either crazy or the worst judge of character extant.
Shouldn't there be some qualifications? At a minimum how about eliminating the ability to hide behind pseudonyms. Their opinions are completely self-serving and do more harm than good to the community. These people will lead to the demise of the forum if they aren't shut up and put out to pasture.
Depends. Is "Russ" a pseudonym?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
As for advertising on this forum, it is often a low yield proposition advertising to an educated crowd. That ad money can often yield much better results in places where information is not as freely available. That would include the major coin magazines. Those dealers with multipage ads stay in business despite often selling overgraded or overpriced coins. This does not even touch on the high cost venues to advertise such as general interest magazines of paid TV infomercials. The buyers there are not educated. The advertisers there would never be able to sell more than a few coins in a place where information is widely available.
we will all know for sure what is happening.
Camelot
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking.
There might be at most 30,000 registered subscribers to this forum (I thought I saw that number once). Not everyone collects Moderns, not every one buys rare PR Gold. I saw somewhere that at any given time, no more than a few hundred people are lurking here. These numbers are miniscule when compared to how many people buy and sell coins on a daily basis.
Without this knowledge you can not make a blanket comment that the market is peaking. And don't say I have a vested interest and I'm cheerleading. Heck, when the market corrected, I called it.
Now, the market is robust again and the FUN auctions have clearly spurred interest.
Mark my words, the coins in the Heritage FUN sale that are FRESH, RARE, and are PROPERLY GRADED wiull sell for huge money in heated bidding. >>
Qouted to point out that this is a fair assessment. Love her or lump her, Laura is on the mark, or at least in the right ballpark, with this.
and it sets us apart from practitioners and consultants. Gregor
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion(sic) exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking. . >>
Laura, your opinion here seems overly subjective. If you think the coin market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking, then maybe you should put things in proper perspective. The coin market is not even one tenth of one percent of the stock market. The size and breadth of the stock market hasn't prevented many more from spending discretionary income on establishing a store of wealth and fortune in that market, and I seriously doubt that many in the stock market have as much insight in that market as coin collectors have in the coin market.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>
<< <i>Now how can anyone here possibly know the pulse fo the market based on comments written by others who only know what happens in this forum? It might sound negaive and I'm sure someone will say I am looking down on them, but it is the truth.
Do you know who is buying today? Do you personally deal with hundreds,if not thousands of collectors yourself (I know I sure do)? Do you know exactly what the people who represent the hundreds of thousands of other buyers are doing? Do you know if dealers are being sold more than they are buying? Do you know exactly why each collection was put in an auction? Do you even have a clue as to how many world class collecxtion(sic) exist (and I'm not talking ones on the registries)? This market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking. . >>
Laura, your opinion here seems overly subjective. If you think the coin market is so HUGE that hardly any collector here could honestly answer these questions and know that the market is peaking, then maybe you should put things in proper perspective. The coin market is not even one tenth of one percent of the stock market. The size and breadth of the stock market hasn't prevented many more from spending discretionary income on establishing a store of wealth and fortune in that market, and I seriously doubt that many in the stock market have as much insight in that market as coin collectors have in the coin market. >>
I have insight into both.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
In another thread, there was a response as follows:
“Totally incorrect! If you think this forum is a good sampling of the market-you are wrong. I'll say it again, this forum does NOT have the financial firepower to dent the market. I doubt if every POSTING member bought a coin in the upcoming Heritage sale, it still wouldn't account for even HALF of what will be sold. >>>
Me thinks there is a very good cross section of collectors here. Everything from State Quarters to 1913 Lib Nick. However it is a very small section of the collecting population that is here and I don't think this board has enough members to "to dent the market."
While it may be (and probably is) true that the majority of coin collectors in the U.S. don't post here, that has nothing to do with how representative a sample we have here, and how much dissatisfaction here would impact PCGS.
I looked into buying some Collector Universe stock earlier this year. My broker provided me with two analyst reports which included a statement to the effect of ' five coin dealers account for 27% of Collector Universe's Net Revenue'. That's 5 coin dealers - none of whom participate in this forum. (BTW - both analysts had CU rated as a 'Sell". ) The only motivation PCGS has for tolerating (and paying for) this forum is good citizenship (marketing) - not financial. The members who do give PCGS any significant business are not going to stop because of anything that happens here.
The concept of money vs. knowledge is constantly mixed up in this tread. My observation is that there isn't a lot of either displayed in this forum. Not that there aren't good representatives of both, but there is a very vocal minority that feels it is their god given right to dominate this board, even though they don't possess much of either.
I encourage DH to start eliminating members that post erroneous, misleading and even hateful comments. Shouldn't there be some qualifications? At a minimum how about eliminating the ability to hide behind pseudonyms. Their opinions are completely self-serving and do more harm than good to the community. These people will lead to the demise of the forum if they aren't shut up and put out to pasture.
Have a nice day.
Premium Numismatics, Inc.
myurl
800-596-COIN
<< <i>It's amazing to see all the personal agendas come out in a post like this. Here's a couple of observations:
While it may be (and probably is) true that the majority of coin collectors in the U.S. don't post here, that has nothing to do with how representative a sample we have here, and how much dissatisfaction here would impact PCGS.
I looked into buying some Collector Universe stock earlier this year. My broker provided me with two analyst reports which included a statement to the effect of ' five coin dealers account for 27% of Collector Universe's Net Revenue'. That's 5 coin dealers - none of whom participate in this forum. (BTW - both analysts had CU rated as a 'Sell". ) The only motivation PCGS has for tolerating (and paying for) this forum is good citizenship (marketing) - not financial. The members who do give PCGS any significant business are not going to stop because of anything that happens here.
The concept of money vs. knowledge is constantly mixed up in this tread. My observation is that there isn't a lot of either displayed in this forum. Not that there aren't good representatives of both, but there is a very vocal minority that feels it is their god given right to dominate this board, even though they don't possess much of either.
I encourage DH to start eliminating members that post erroneous, misleading and even hateful comments. Shouldn't there be some qualifications? At a minimum how about eliminating the ability to hide behind pseudonyms. Their opinions are completely self-serving and do more harm than good to the community. These people will lead to the demise of the forum if they aren't shut up and put out to pasture.
Have a nice day.
500!
Interesting.
<< <i>
500!
No Chance, my post is only number 64 so I doubt it will exceed 100+ unless some take your number as a challenge and do whatever it takes to get it that high. It has happened before.
<< <i> Personally, I find Laura to be a very lovable character here. >>
"Valuable" I can fathom. As for "Lovable," I defy you to show me one post--and there are thousands to choose from--that reveal her as amiable, warm, caring, sympathetic or anything that even broadly falls within the definition of "lovable." You're either crazy or the worst judge of character extant.
Depends. Is "Russ" a pseudonym?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>gyocomgd To know me is to love me!
that is true Laura!
myCCset
He was brilliant.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I gots me a fur coat, paws, claws, big teeth
and a big appetite.
Camelot