Commems still being hammered in the Price Guide

Bear · June 27, 2009 5:11AM

I thought that they would have bottomed out about this time.

It could be just the fact that the guide is catching up with reality.

STONE · June 27, 2009 5:24AM

FatMan · June 27, 2009 5:31AM

Commems have been in the price guide gutters for over a decade. But you don't build a nice commem collection buying at price sheet levels.

mozin · June 27, 2009 6:16AM

Right, there are sure a lot of red listings for Classic Commemoratives. Most of the price drops are in the most common issues, so I am not too concerned.

Raybo · June 27, 2009 6:34AM

What's up with the Boone's?

YIKES!

richardshipp · June 27, 2009 6:57AM

<< Commems have been in the price guide gutters for over a decade. But you don't build a nice commem collection buying at price sheet levels. >>

unless you look in the BST now

I'm a spammer I'm a spammer I'm a spammer

yellowkid · June 27, 2009 7:00AM

<< Commems have been in the price guide gutters for over a decade. But you don't build a nice commem collection buying at price sheet levels. >>

BECOKA · June 27, 2009 7:40AM

Maybe it's finally time to start my commem collection......
...

Not, never was a big fan other than a couple of the nicer designs.

Bayard1908 · June 27, 2009 8:16AM

I thought Laura said the turnaround had begun.

SeaEagleCoins · June 27, 2009 9:04AM

<< I thought Laura said the turnaround had begun. >>

Well...if you think about it a minute or two...you can't expect the "movers and shakers

" to stock up for a bull run UNLESS the prices are brought down a bit...then
they can stock up and THEN go for the bull...run that is...bullrun...ya know?

Bear · June 27, 2009 9:08AM

The Confederates won at Bull Run..........TWICE!

SkyMan · June 27, 2009 9:28AM

<< The Confederates won at Bull Run..........TWICE! >>

Well, the one at Pamplona the bulls seem to win every so often when some drunks aren't quite as fast/agile as they think they are.

SeaEagleCoins · June 27, 2009 9:30AM

<< The Confederates won at Bull Run..........TWICE! >>

and the bear gets a dozen crispy cremes for that one

just goes to show... ya gotta be a rebel to succeed in this ornry business...many shades of grey to navigate...

advalorem · June 27, 2009 9:33AM

If the retail investor is getting hammered in net worth, there is zero incentive/opportunity to buy commemoratives - or any collectible. Taxation will be substantially higher for the wealthy in the next few years....many reasons to not see an upside or even a catalyst for an upside.

Raybo · June 27, 2009 12:49PM

<< If the retail investor is getting hammered in net worth, there is zero incentive/opportunity to buy commemoratives - or any collectible. Taxation will be substantially higher for the wealthy in the next few years....many reasons to not see an upside or even a catalyst for an upside. >>

So you as a wealthy person will pay a higher tax on a coin purchase than I will as a not so wealthy person?

Zoins · June 27, 2009 12:58PM

A nice toner just sold for 50% off previous prices!

advalorem · June 27, 2009 1:00PM

<< So you as a wealthy person will pay a higher tax on a coin purchase than I will as a not so wealthy person?

>>

Wealth destruction on a nationwide scale results in many assets classes declining in value, eg home prices, stock prices. Discretionary spending decreases with real or perceived wealth destruction. Increased state & Federal taxes will create even less discretionary spending. I'm not referring to the taxes you pay on coins - which is an issue on its own!.

FloridaBill · June 27, 2009 6:09PM

FloridaBill · June 27, 2009 6:11PM

"The Confederates won at Bull Run..........TWICE! "

Ah..mm. That would be Manassas....

FloridaBill

advalorem · June 27, 2009 11:22PM

<< I thought that they would have bottomed out about this time. It could be just the fact that the guide is catching up with reality. >>

Bear, is it fair to say that the guide is catching up to a) prices realized at the auctions -- and -- b) not the prices dealers are still demanding on commems for sale?

roadrunner · June 28, 2009 1:14AM

Keeping price guides elevated is favorable to everyone on the dealer side (auctions, wholesalers, retailers, price guide publisher, show dealers with a case full of commems, etc) and only hurts the retailer buyer since they may not be keeping up with auction pricing. Showing lowering prices to collectors doesn't induce confidence in them continuing to buy never mind possibly selling out or reducing their holdings. Even better date commems and toners won't be exempt from an overall lowering of the commem market.

Besides collectors being short of cash, how about the dealers that keep a large inventory of white commems? Even if dealers keep their show prices high, but no one is buying, what's the end result? Cash flow drives the market. If a product is not selling well, those are slowly weened from inventories for products that do sell.

Commems will bottom after this recession bottoms or until monetary inflation takes hold.....whichever comes first.

roadrunner

Commems still being hammered in the Price Guide

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