DRAPED BUST HALF DOLLARS ARE LOSING VALUE FAST!

Comments

• etexmike Posts: 6,852 ✭✭✭

  August 28, 2009 9:03AM

  When I saw all the red I thought for a minute I was looking at my coin inventory page here.
  
  If prices keep heading south on the halves I might be able to afford a couple of them.
  
  
  Mike

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• dorkkarl Posts: 12,691 ✭✭✭

  August 28, 2009 9:08AM

  man, do people seriously read that nonsense???
  
  K S

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• lkenefic Posts: 8,792 ✭✭✭✭✭

  August 28, 2009 9:14AM

  
  
  << <i>man, do people seriously read that nonsense???
  
  K S >>
  
  
  
  Gosh... I hope so... and I really hope they base their prices in it too
  
  ... you can't see me, but I'm clicking my heels together and saying "there's no place like home...there's no place like home..."

  Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
  
  Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.

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• ARCO Posts: 4,435 ✭✭✭✭✭

  August 28, 2009 9:18AM

  
  
  << <i>man, do people seriously read that nonsense???
  
  K S >>
  
  
  
  They don't reflect market prices, but they do portend market direction. Lots of coins are dropping in prices. Most Bust halves in XF and AU are way overpriced and available...and did I already say damn ugly? Draped material, if choice and with nice eye appeal, on the other hand, probably won't see much of a real drop in prices, at least not in the VG-XF range.
  
  My thoughts.

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• mozin Posts: 8,755 ✭✭✭

  August 28, 2009 9:29AM

  I think PCGS changed their pricing based on the prices realized in the various ANA auctions this month.

  I collect Capped Bust series by variety in PCGS AU/MS grades.

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• dorkkarl Posts: 12,691 ✭✭✭

  August 28, 2009 9:31AM

  ok dudes, use your heads.
  
  do you SERIOUSLY think a 1797 dbh in vf-25 costs 77k??? that's gotta be 20k too high at least
  
  or 1806 in xf at 2250 in xf??? what the he11 kind of drugs you gotta be on to believe this crap???
  
  K S

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• Walkerguy21D Posts: 11,805 ✭✭✭✭✭

  August 28, 2009 9:56AM

  Ironically, draped bust halves went UP in the Quarterly II greysheet that came out a couple weeks ago....of course, those prices were probably too low for reality.

  Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug

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• nicetoning42107 Posts: 1,162

  August 28, 2009 11:53PM

  
  
  << <i>Ironically, draped bust halves went UP in the Quarterly II greysheet that came out a couple weeks ago....of course, those prices were probably too low for reality. >>
  
  
  
  Yeah? Greysheet finally pegged those higher? Those DBH were always showing too low in the Greysheet than reality levels from G-XF, sometimes AU. Also the earlier CBH through about 1819.

  A lie told often enough becomes the truth. ~Vladimir Lenin

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• BillJones Posts: 35,019 ✭✭✭✭✭

  August 29, 2009 12:22AM

  
  
  << <i>do you SERIOUSLY think a 1797 dbh in vf-25 costs 77k??? that's gotta be 20k too high at least >>
  
  
  
  WOW! There is hope for me yet. That's one of the coins I could use.

  Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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• RTS Posts: 1,408 ✭

  August 29, 2009 12:31AM

  I'd be happy if they'd drop to single-digits.

  

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• greghansen Posts: 4,301 ✭✭✭

  August 29, 2009 12:39AM

  They don't reflect market prices, but they do portend market direction. Lots of coins are dropping in prices. Most Bust halves in XF and AU are way overpriced and available...and did I already say damn ugly? Draped material, if choice and with nice eye appeal, on the other hand, probably won't see much of a real drop in prices, at least not in the VG-XF range.
  
  Couldn't have said it better.

  Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

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• Overdate Posts: 7,198 ✭✭✭✭✭

  August 29, 2009 1:04AM

  Never fear - common draped bust halves may be falling, but numismatically significant rolls and boxes of 2009 Log Cabin cents are going up!

  

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• Nysoto Posts: 3,826 ✭✭✭✭✭

  August 29, 2009 1:23AM

  Old news that is finally reflected in price guides. The series, on average, dropped about 25% in prices realized by late 2008. They are still selling at multiples over 2000 prices, an AU50 was $1500 back then, compared to $4500 now. I have about 75 draped bust halves, most were purchased in 1997-2004 at 30-60% of current prices. Half of the best collections were sold in the last 3 years - Reiver, Westmoreland, Bayside, Meyer, and another privately. This caused a glut of DBH's on the market.
  
  typo edit

  Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver

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• Bear Posts: 18,953 ✭✭✭

  August 29, 2009 3:57AM

  The prices may be dropping for a number of reasons.
  
  
  1. The Bust Halves have had a spectacular run the past 4 years.
  
  2. A huge number of marginal specimens is overhanging the market,
  at prices higher then they should be.
  
  3. Truly choice AU-58, MS-64 and MS-65 examples are getting to be as scarce
  as hens teeth, and the prices for those are still strong.
  
  4.When prices are dropping, is the time to start looking for nice pieces that you might
  be able to bargain a better price for.

  There once was a place called
  Camelot

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• Goldbully Posts: 18,113 ✭✭✭✭✭

  August 29, 2009 10:19AM

  1. The Bust Halves have had a spectacular run the past 4 years.
  
  Of course that's when I bought the majority of mine.
  I always like to pay top dollar...it's the least I can do for the coin dealer network!!!!

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• JRocco Posts: 14,277 ✭✭✭✭✭

  August 29, 2009 10:59AM

  There was no way the economic downturn would not effect coins, especially higher end coins.
  
  I believe that when some of us started saying on these boards that the money being lost on Wall Street
  would effect this hobby many here did not believe it could happen....well it happened.
  And I believe that the slow drift downward will stay with us for a while.
  No real bounce IMO.
  
  Not a problem if you are a collector, but those plastic flippers might want to start lightening
  their positions if they haven't already.
  
  I for one believe that this is healthy for the hobby in the long run.

  Some coins are just plain "Interesting"

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