What percentage of numismatic coins are now effectively "dead?"

Comments

• ziggy29 Posts: 18,668 ✭✭✭

  July 20, 2008 12:29AM

  
  
  << <i>I define "dead" coins as those that are currently fully priced and have, in spite of high catalog valuations, virtually no demand at the current levels.
  
  My own feeling is that coins that are anything other than outstanding examples of their grade (probably 95% of the overall market) are "dead."
  
  This question does not involve coins that are traded primarily for their bullion value. >>
  
  Anything on the "wrong" side of the bifurcated market has been dead for quite some time. Relatively common schlock that isn't particularly eye-appealing isn't doing much at all and hasn't for quite some time.
  
  When we talk about a hot coin market here, it's important to remember that we're talking about the 5% that isn't the run-of-the-mill schlock for the grade.
  
  I think we're also seeing eye appeal becoming more and more important in pricing relative to technical grade. You can see the nicest VFs selling for more than some ordinary XFs and some choice AUs selling for considerably more than MS-60 to 62 money. As the connoisseur segment of the market puts more and more emphasis on eye appeal and quality for the grade (instead of the grade itself), the price sheets become more and more useless.
  

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• Barberman55 Posts: 1,605 ✭

  July 20, 2008 12:40AM

  Ziggy,
  
  

  Dan F.
  
  Connor Numismatics Website

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• RedTiger Posts: 5,608 ✭

  July 20, 2008 1:20AM

  95% might apply for the finicky veteran collectors looking to add to their large collections. However, reading the forum reminds me that there are also newbies (less than five years in the hobby), sometimes with a pocket full of money, sometimes without much common sense. It is more like 5% for them, as some of them buy and sometimes post coins that most veteran collectors would never give a second look at for the price sold.
  
  Overall, if a seller is willing to cut their price even a modest 5% from current "market," I believe a lot of coins are "live," even to many a jaded veteran. Auction results still show some high prices, some for really nice stuff, some for what think are average coins.
  
  

  Investment blog: gold, stocks and more

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• JRocco Posts: 14,277 ✭✭✭✭✭

  July 20, 2008 1:42AM

  
  
  << <i>
  My own feeling is that coins that are anything other than outstanding examples of their grade (probably 95% of the overall market) are "dead." >>
  
  
  
  I think you are referring to people who only look to "rip" a coin, so only coins seriously undergraded would appeal to the "rip"
  
  But what about people who collect coins?
  If I am looking for an AU55 coin and the coin is a solid 55, priced as a 55, in 55 plastic (I say this to appease the Kool Aid drinkers here), the coin is not dead......

  Some coins are just plain "Interesting"

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• MrEureka Posts: 24,419 ✭✭✭✭✭

  July 20, 2008 1:55AM

  As I see it, virtually nothing is "dead" by the given definition. There's healthy demand for most coins at current levels. Not necessarily from me, but demand nonetheless.

  Andy Lustig
  
  Doggedly collecting coins of the Central American Republic.
  
  Visit the Society of US Pattern Collectors at USPatterns.com.

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• ColonialCoinUnion Posts: 10,087 ✭✭✭

  July 20, 2008 1:57AM

  
  
  << <i>I define "dead" coins as those that are currently fully priced and have, in spite of high catalog valuations, virtually no demand at the current levels. >>
  
  
  
  I really think you are over-thinking this.

  Coin Rarities Online

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• claychaser Posts: 4,406 ✭✭✭✭

  July 20, 2008 2:02AM

  Here is some stuff I would be glad to sell even at a discount to "sheet"
  
  1. Later date State Quarter rolls
  2. Dipped and plane jane classic commems
  3. 2006-2007 Platinum and gold coins over melt, including PCGS graded ones MS 69 and even MS70
  4. Generic average and dipped gold coins
  

  
  
  ==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
  
  
  
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• charley Posts: 2,071

  July 20, 2008 2:14AM

  I think demand will increase as more people enter the hobby. The relatively common schlock of previous issues is not being produced anymore and original examples of collector acceptable coins will always be welcomed. I also don't think that any coin is fully priced. What a person desires to pay for a coin that they absolutely want and have the economic ability to purchase and competition exists for the same coin will determine whether or not a coin is currently fully priced. The Thread asks the question in a "current" vein. There is also the future to consider, as coins become less available due to increased interest and population. Respectfully, John Curlis

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• roadrunner Posts: 28,313 ✭✭✭✭✭

  July 20, 2008 7:59AM

  90% of what is generally available in the market on any given day is "dead" to me. You need to be buying the 10% that everyone is looking for.
  
  roadrunenr

  Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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