How long does it generally take for a well-informed dealer's inventory to reflect new pricing levels
Longacre
Posts: 16,717 ✭✭✭
This question is directed toward the well-informed dealers, and not the wannabes who don't know the coin market from the pork belly market.
If there is some correction that will happen in the coin market because of the coming depression
in the form of lower prices, how quickly do the prices change in a well-informed dealer's inventory? Do price reductions happen fairly quickly (like in a week or so), or do inventory prices stay propped up (because of higher acquisition costs of those inventory coins), and it takes a long time for those higher priced coins to wash out of inventory?
Hopefully this question made sense.
If there is some correction that will happen in the coin market because of the coming depression
in the form of lower prices, how quickly do the prices change in a well-informed dealer's inventory? Do price reductions happen fairly quickly (like in a week or so), or do inventory prices stay propped up (because of higher acquisition costs of those inventory coins), and it takes a long time for those higher priced coins to wash out of inventory?Hopefully this question made sense.
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
Just as in all American business when prices are dropping most dealers will lag the
market by six months and when prices are rising it will anticipate the market.
Longacre wants to see prices drop as he hears that the economy is in the dumpster from all media outlets.
But it is not happening fast enough for Longacre and thus a question is posed.
Longacre wants to know how much more time he needs to wait before that well-informed dealer cracks.
Bizarro think that Longacre needs to buy coin now. Bizarro did not wait to buy pork bellies. Bizarro content now.
As for the the OP's question, it is not unusual to see the same coin sit in a dealer's inventory for years, b/c they refuse to take a loss on it.
<< <i>Bizarro sounds a lot like "Hulk".
As for the the OP's question, it is not unusual to see the same coin sit in a dealer's inventory for years, b/c they refuse to take a loss on it. >>
This is especially true of small dealers, especially Sunday bourse types. I can think of some coins that have been in the stocks of this type of dealer since the early 1980's. They simply won't sell anything at a loss and will eventually die with the coins.
<< <i>
This is especially true of small dealers, especially Sunday bourse types. I can think of some coins that have been in the stocks of this type of dealer since the early 1980's. They simply won't sell anything at a loss and will eventually die with the coins. >>
Some people don't so much maintain a stock as a museum for mistakes.
It's not so very unusual for many of these to eventually sell for less than
they are worth because the dealer doesn't know the market has changed
while the rest will be part of the estate eventually.
Henry David Thoreau said all men are weighted down by their possessions.
This is simply more true for some than others.