How we will know when the coin resession has hit

Steve27 · October 10, 2008 10:00PM

1) Actions on ebay with 99 cent starting bids will disappear, and they will be replaced by high opening bids and/or reserves.

2) The bidder's premium at the high-end auction houses will be reduced to seven percent.

3) PCGS will become customer centric:
a) Membership fees at the gold and platinum levels will be cut in half and fees for silver will be dropped.
b) Turnaround times will be a week for regular service and two for economy.
c) The Q&A Forum will be used to handle customer service problems; answers will be provided within 24-hours.

4) Longacre will begin to make rude remarks about dealers.

DUIGUY · October 10, 2008 10:02PM

<< <i>4) Longacre will begin to make rude remarks about dealers. >>

Edscoin · October 11, 2008 2:36AM

<< <i>1) Actions on ebay with 99 cent starting bids will disappear, and they will be replaced by high opening bids and/or reserves.

2) The bidder's premium at the high-end auction houses will be reduced to seven percent.

3) PCGS will become customer centric:
a) Membership fees at the gold and platinum levels will be cut in half and fees for silver will be dropped.
b) Turnaround times will be a week for regular service and two for economy.
c) The Q&A Forum will be used to handle customer service problems; answers will be provided within 24-hours.

4) Longacre will begin to make rude remarks about dealers. >>

5) Dealers will begain to make rude remarks about Longacre.

Unknown · October 11, 2008 2:38AM

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Doogy · October 11, 2008 3:01AM

yes, but good luck seeing number 3(a-c) ever coming true

braddick · October 11, 2008 3:07AM

When I realize a worn Ike, even if it is wrapped in PCGS plastic, is near worthless.

RyGuy · October 11, 2008 3:08AM

When I can finally afford a 1955 DDO in MS...

gecko109 · October 11, 2008 3:12AM

When you dont see $500 worth of fancy Halloween decorations in every 4th front yard as you drive through your neighborhood. And they say the economy is bad.

SportsModerator · October 11, 2008 3:13AM

Longacre will have answers, not questions.

RedTiger · October 11, 2008 3:27AM

%) When dealers go out of business enmasse. Some may even offer inventory to the public at whatever the coins will sell for, because surviving dealers do not have the means or inclination to add to inventory.

mrearlygold · October 11, 2008 3:48AM

When very busy dealers become extremly polite , no matter how stupid the question that is asked, you will know you are in a bear market in coins.

Unknown · October 11, 2008 3:49AM

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TwoSides2aCoin · October 11, 2008 4:02AM

<< <i>Longacre will have answers, not questions. >>

I was thinking moderns would have the "bean".
I see a capital "C" (CAC) in recession, should this happen.

(a little pun with spelling)

FullStrike · October 11, 2008 5:47AM

When the upper crust Dealers offer to trade their MS68 widgets for your Gold Bullion modern crap.

....... but then.... isn't one of those Joisey Dealers already begging for that sort of transaction.

OK OK here it is ... When upper crust Dealers tell their clientel " Sorry Mr Rothschild, we can't use your magnificently toned MS68++++ CACed top pop Capped Bust Collection, we still have the 8 collections we bought last month. "

droopyd · October 11, 2008 6:01AM

I'll be able to afford to buy stuff!

AnkurJ · October 11, 2008 6:11AM

When Gold drops to under $500 and common date Saints are selling for $600 in mint state. And when silver drops below $5. I think these two will effect the coin business more than anything else.

Bear · October 12, 2008 5:18AM

You will suddenly find out ,that a number of
your MS-65 graded coins will only elicit MS-64
offers, if at all.

You will suddenly find out that there is no market
for your coins at almost any price.

You will find out that dealers will be extraordinarily
selective about what they are willing to buy.

Suddenly, it will feel as if the entire mar5ket has smashed
into a brick wall.

ChrisRx · October 12, 2008 5:19AM

When MPL's are selling at list

FullStrike · October 12, 2008 5:51AM

When drunken stumbling out-of-it Collectors dump thir slabs into the Salvation Army Kettles at Christmastime.

well it is a good cause hic hic

LindeDad · October 12, 2008 5:52AM

Will that be Monday or Tuesday?

Broadstruck · October 12, 2008 5:59AM

<< <i>Longacre will have answers, not questions. >>

Unknown · October 12, 2008 6:15AM

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TwoSides2aCoin · October 12, 2008 6:22AM

I have had some unsolicited offers for my widgets. I think the sky has fallen.

oreville · October 12, 2008 6:42AM

Longacre will have answers, not questions.

How we will know when the coin resession has hit

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