Teletrade Prices realized coins are down big time.

YaHa · November 20, 2008 4:23AM

I did some searching of coins sold recently on Teletrade and boy people are asking too much or coin buyers aren't buying.

I don't think I am letting go of any coins for a longtime until things pick up. Even flea/bay coins are just sitting with the MSN cashback of 25%.

What do you guys thunk.

Barndog · November 20, 2008 4:35AM

average coins will get below average prices if they sell at all. Special coins will get super prices. TT, ebay, HA, B&M, Stack's, etc -- all the same.

19Lyds · November 20, 2008 4:45AM

Bidding activity on Teletrade has been low (unless its me doing the bidding and then there's always some other yokel out there out bidding me)

I should have bid on this IKE.
PCGS Price guide = a green $240.

BECOKA · November 20, 2008 4:55AM

The stuff I have been following on TT has been going for strong money still.

Coxe · November 20, 2008 5:25AM

The very few coins I have taken from TT recently have apparently been for higher than reasonable reserves, without competition. They are cherrypick dice rolls; otherwise, I wouldn't be buying much if any.

stevek · November 20, 2008 5:35AM

Anyone who believes this bad recession won't negatively affect coin prices, is in denial, and it'll likely be much worse than we may presently believe.

fc · November 20, 2008 5:38AM

i am patiently waiting and have the major sites setup to email me
if a coin comes in in the date/mint i want in a grade i can afford.

so far i have not gotten any emails. darn this hobby of collecting
truly rare items. ;-)

i have already seen one coin go for a few bucks less then the last
time it sold a few years back. tis a good sign.

Coins101 · November 20, 2008 5:57AM

What I have notice, especially with US Gold, is the prices on eBay are very high when it comes to the BIN price compared to the realized price on Teletrade. It appears the markup is around 25%. Of course, they advertise you can get 25% back through Live. Maybe they should offer the coins at a fair price and stimulate the purchasing.

I though about buying a few 1/2, one and double eagles using the Live cashback but not at a price that basically gives the seller the 25%.

JJM · November 20, 2008 6:48AM

"money on the sidelines"................

nicknut12 · November 20, 2008 7:06AM

"Anyone who believes this bad recession won't negatively affect coin prices, is in denial, and it'll likely be much worse than we may presently believe. "

I am beginning to get a bit worried my self.
I think this current crop of liberals will make
the Carter administration look like a cake walk.

Times have been so good for so long, we have
forgotten how nasty it can really be.

But the second half of the Carter era was very good
for coins, if not for the general economy.

Regards, Steve K.

BECOKA · November 20, 2008 7:43AM

<< <i>"Anyone who believes this bad recession won't negatively affect coin prices, is in denial, and it'll likely be much worse than we may presently believe. "

I am beginning to get a bit worried my self.
I think this current crop of liberals will make
the Carter administration look like a cake walk.

Times have been so good for so long, we have
forgotten how nasty it can really be.

But the second half of the Carter era was very good
for coins, if not for the general economy.

Regards, Steve K. >>

No one knows what will happen but if you are correct I will accept this as a buying opportunity.

Teletrade Prices realized coins are down big time.

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