Sometimes coins seem cheap
ColonialCoinUnion
Posts: 10,087 ✭✭✭
ColonialCoinUnion
Posts: 10,087 ✭✭✭
ColonialCoinUnion
Posts: 10,087 ✭✭✭
Comments
<< <i>A few people have been using that comparison to make the case for why coins have much higher to go. >>
Don't get me wrong - I'm not trying to make that argument. It just blows my mind when I see these sorts of figures for paintings.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Joe.
Why?
The cost of insuring their collection rises.
Higher insurance costs make it more difficult to fund major traveling exibitions.
Many museums are now priced out of the high end of the art market. Unless they have a very generous donor they will find themselves buying lesser works. An example: The Detroit Institute of Arts recently purchased a very small oil by Whistler for $1 million. While the curators can talk up the importance of this painting as much as they want, it just isn't that impressive when viewed in the gallery. I think of this painting as a three cent silver of the art world.
<< <i>Museum quality coins, yes.
Joe. >>
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
The trick is to get these people interested in your coins
<< <i>Nothing like comparing apples to oranges to make a point. >>
Agreed.
Works of art are unique, and their pricing and collectibility do not make a perfect analogy to coins.
Money did not paint great masterpieces to make some guy rich(er) 100 years later.
roadrunner
``https://ebay.us/m/KxolR5
And the pop figures are minuscule.
Not true with coins. I have never ownd a rare oil or bronze, but am aware of the artists that created them. How many people other than coin collectors know the designor of any coin series?
But if twenty( or a hundred) rich collectors all wanted the Pr 66 1913 nickel, or the Pr 68 1804 dollar, then prices for these rarities would skyrocket.
It might happen one day, but awareness of the rarity would have to increase many fold.
<< <i>Nothing like comparing apples to oranges to make a point. >>
lol! you took the words right out of my mouth.
a one of a kind unique painting compared to a mass produced object in most cases
that have multiples available if not more.
<< <i>A few people have been using that comparison to make the case for why coins have much higher to go. >>
I might agree with you but there is only one of that particular painting so the comparison is a little pointless other than to state that there are folks out there with lot's of money to burn.
Of course, the buyer could also have been an investment consortium.
The name is LEE!
Beer cans are where it's at!
Russ, NCNE
I believe it was aquired through a bequest and I remember when I went to see it the Times mentioned it was a record price paid for a canvas. I believe it was $250,000.
I wonder what the record price for a coin was in '67?
"Inspiration exists, but it has to find you working" Pablo Picasso
<< <i>Sorry, but fine art will always have more cachet than rare coins. Why? Because the average person can appreciate a painting a lot more than a small, round piece of metal. >>
The average person is outside looking in...that's why we collect coins
``https://ebay.us/m/KxolR5
<< <i>I've never seen a can of beer that had the shape of a can of automotive brake fluid! >>
Here's a bunch of them.
The cone tops were made to reduce costs. They could be run on the same line as bottled beer.
Russ, NCNE
Holy cr*p! I'm creating those as fast as I can, but from the looks of that one I should have gotten started a long time ago.
The entire world of collectors( with mega-bucks) know and appreciate great art, including moderns.
And the pop figures are minuscule.
Not true with coins.
I agree. Greater demand, smaller supply. I don't know about $80 million for a painting though...
<< <i>Like now, for example. >>
2 bad I don't have 80 million dollars
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
Oh and I agree, beer cans are more popular these days.
<< <i>
<< <i>Nothing like comparing apples to oranges to make a point. >>
lol! you took the words right out of my mouth.
a one of a kind unique painting compared to a mass produced object in most cases
that have multiples available if not more. >>
Are you saying that the Brasher Doubloon with EB on the Eagle's breast was "mass produced"?
<< <i>
<< <i>
<< <i>Nothing like comparing apples to oranges to make a point. >>
lol! you took the words right out of my mouth.
a one of a kind unique painting compared to a mass produced object in most cases
that have multiples available if not more. >>
Are you saying that the Brasher Doubloon with EB on the Eagle's breast was "mass produced"? >>
picking out the exception does not make the rule.
<< <i>
<< <i>
<< <i>
<< <i>Nothing like comparing apples to oranges to make a point. >>
lol! you took the words right out of my mouth.
a one of a kind unique painting compared to a mass produced object in most cases
that have multiples available if not more. >>
Are you saying that the Brasher Doubloon with EB on the Eagle's breast was "mass produced"? >>
picking out the exception does not make the rule. >>
Realistically, it doesn't make a lot of sense to compare an extremely famous and expensive painting to a Jefferson Nickel (no offense to collectors of Jefferson Nickels), but comparing the price of a famous and by-definition unique painting to a famous and unique coin doesn't seem that far-fetched to me.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Nothing like comparing apples to oranges to make a point. >>
lol! you took the words right out of my mouth.
a one of a kind unique painting compared to a mass produced object in most cases
that have multiples available if not more. >>
Are you saying that the Brasher Doubloon with EB on the Eagle's breast was "mass produced"? >>
picking out the exception does not make the rule. >>
Realistically, it doesn't make a lot of sense to compare an extremely famous and expensive painting to a Jefferson Nickel (no offense to collectors of Jefferson Nickels), but comparing the price of a famous and by-definition unique painting to a famous and unique coin doesn't seem that far-fetched to me. >>
I can agree with that thought. But I also tend to think that the
example you raised... only represents the tiniest fraction of coins
existing that can make such a bold claim.
I am also wondering if the coins you are thinking of, that have
very unique and special qualities, are priced to the moon not making
it very cheap. Sure not millions and millions, but 100s of thousands
already.
I admit I am ignorant to the current prices for such unique pieces.
<< <i>Nothing like comparing apples to oranges to make a point. >>
Yes, they're both fruit.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>I can agree with that thought. But I also tend to think that the
example you raised... only represents the tiniest fraction of coins
existing that can make such a bold claim. >>
That's true - but keep in mind that the painting above my couch cost me $12.
example you raised... only represents the tiniest fraction of coins
existing that can make such a bold claim.
So does the $80 MILL Monet represent only the tiniest fraction of paintings existing that can make such a bold claim. 99.999% of all paintings are only of average subject matter painted by an average person and worth relatively little. Due to the labor and skill of the painter, most paintings start at several hundred dollars....somewhat different from coins that start at face value due to the millions produced. Most painting are probably worth in the $25 to $2000 range if done by anyone with even a fair skill set. Attempting to price paintings is quite a bit more difficult than with coins since each work is vastly different.
That's true - but keep in mind that the painting above my couch cost me $12.
So CCU, how long have you owned "Dogs playing poker?"
That Monet would look nice over my couch. I don't think that a framed Brasher Doubloon would work there.
CG
It is called "The Blackmith"
I took it to a major New York City auction house on behalf of my sister and I and was astounded to hear that this was the long "missing" painting that 5 different art dealers had feared did not survive. I was even more astounded when they told me that the painting was worth between $8,000 and $15,000 - minimum.
<< <i>Nothing like an increase of 250X the 1973 price! >>
US Postage Stamp circa 1973=8 cents
Current rate=42 cents
Nothing like an increase of 525%
I went to the 1st and last ever (not trade and grade) PCGS Show. Held in Chicago in 1998 I believe. Bought 3 great coins I still own. They had an art show, at the Navy Pier, at the same time. I bought a hand colored Matisse print for my wall. Guess which one(s) are worth more now?
Paintings are easy to share. A killer coin does not mean much to most folks. Apples and oranges .... though I agree on the coin side for now. Please forgive me John.
K
My 1866 Philly Mint Set
So CCU, how long have you owned "Dogs playing poker?" >>
It is a fair sized painting consisting of his most famous comic character Reid Fleming, World's Toughest Milkman. I am ponying
up 1200 dollars to persuade him to do his first oil painting in decades
that will feature some of his comic artwork.
Do I think it will ever go up in value? Maybe.
Do I think i would lose money if put on ebay next year? Yes.
But that is not the point. I enjoy his artwork, stories, and his career.
Lets look at another comic book artist who is quite famous. Carl
Barks who invented uncle scrooge for walt disney. Some of his fans
persuaded him to start doing scrooge in oil and those paintings were
selling for 1500-5000 a few decades ago. Now they fetch 50,000+
and most people never in their wildest dreams thought that would
happen.
So in summary, the art world is quite insane and somehow the artists
whose paintings increase in value is a total crapshoot during their
lifetime and relatively short period after their death.
The ones who seem to have the huge increases were ones who
pushed the bondaries of art. Picasso, Monet, etc.. that are textbook
examples of a type of style.
The rest have a large fan base that appeal to such a huge audience
the paintings are competed for in an extreme fashion.
my two cents.
coins feel so different to me compared to oil paintings.
<< <i>Paintings are easy to share. A killer coin does not mean much to most folks. Apples and oranges .... though I agree on the coin side for now. Please forgive me John.
K >>
I forgive you Kevin.
Will you at least agree with me that $80 mil is a boatload of money?
My 1866 Philly Mint Set
<< <i>For sure John. Wish I had it. I'd buy more coins
Touché. I can't speak for John but my interpretation of his point is that a TON of money is currently chasing collectible items. If paintings (or any other collectible item) were to become wildly unpopular, perhaps rare coin prices would rise exponentially as a TON of money flowed into the coin market. Hence, the "cheap" comment.
Nic also affirmed John's point too. If he had an extra 80MM, coin prices would jump.
<< <i>I can't speak for John but my interpretation of his point is that a TON of money is currently chasing collectible items. >>
A boatload, in fact.