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bronzemat
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Latest Market Report has been posted.
I dunno about anyone else but I always enjoy reading coins vs other hobbies.
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Coins are something you squirrel away in an SDB, fear talking to non-collectors about, and were mass produced. A 1913 lib looks just like any other lib to someone who is not in the hobby, where paintings are generally one of a kind and can impress anyone who looks at them. I could show my wife a 1913 lib and unless i gave her a mintage chart and auction records she would not give a crap. Zero appeal to "everyman".
Seriously not the same hobby.
Liberty: Parent of Science & Industry
I buy coins because I enjoy the history and the beauty of some pieces. Some coins and tokens speak to me because they are rustic or “crusty.”
Yes, value and a store of wealth are important. One can’t spend that much on a hobby and not being concerned about those issues. However that’s not my primary goal, and I’m not lemming who is going to be led by promises of wealth that might be derived because I go out and buy an example of X coin in X grade.
“You can over pay for anything.” That’s one bit of advice that you can take to the bank.
<< <i>However, rare coins are a growing market with by far the MOST liquidity of ANY known collectable. As popular as they are, you sure can't take a GEM Tiffany Lamp or antique chair and go to 3 dealers and get cash offers (unless they are trying to steal it).
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I wonder if this type of hype will come back to haunt Laura.
With things such as art, comics and coins it's much easier.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Am I the only one who is getting tired or reading about the billionaire's market? >>
No, but that's her nitch in the market and the one that she addresses.
<< <i>Am I the only one who is getting tired or reading about the billionaire's market? >>
I reached that point a few years ago.
I think this is where coins and art are quite comparable because you can take that raw or slabbed coin to 3 diff coin dealers and you will get 3 very different offers, some or ALL trying
to steal it. I would certainly hope that you could take a fine Tiffany lamp to a dealer specialing in Tiffany and get a fair cash offer. I'd even expect that out of the Pawn Stars!
50-70% of retail transactions would be a "fair" value if you wanted quick settlement.
Look at the 1869S H.10 PCGS MS66 CAC were posting for sale. Its a pop 2 with ONE MS66+ higher. You have an nearly flawless 143 year old coin that is superb. The 66+ is
locked away in major collection. So why isn't a coin like this worth $15-$20,000.00?
Why? Because it's a tiny half dime that has a very small following in gem condition. And currently there may not be 2 hard headed buyers who have to have the 2nd or 3rd best coins.
Also because there are more MS64's and 65's around than there are gem collectors for them. I recall owning the first MS65 1867-s half dime years ago. No one cared about the pop 1.
It was just another better date in a series that few collected. 23 yrs hasn't changed much. The 69-s half dime is just not a sexy date. It's very available in circ and in mint state.
That's not the case for say a 40-0 with drapery half dime where you could write your own ticket in gem as the coin has demand on multiple levels beyond just a date REG set.
The half dimes just don't have all that many stopppers compared to dimes, quarters, and halves. It doesn't help that they are tiny. Gem 40-0 wd, 46, or 53-0 na would be exciting coins
for anyone to own....the 69s, not so exciting. But if you can find 2 hard-headed gem collectors that both have to have the sole 66+ cac finest known, then it could be worth $25,000
while 2nd place only a tenth of a point lower might be worth $10,000. Today's MS66 1869-s half dime was probably a $2K to $3K coin in 1988. That's probably another reason it's
not a $20K coin today. I've always loved better date gem half dimes, and still own some. But I also understand why they aren't priced like dimes and quarters. $11,000 for a MS66
1869-s half dime sounds like strong money, even for the 2007 market.
There are gem 1969-s half dimes that have not been back for regrades of any type. Just because one has the only + coin so far doesn't mean
there aren't better ones out there waiting to be reviewed some day. In fact I'd almost guarantee it. NGC had 5 MS66's and MS67's back in 2001. Do we just assume that they can't
possibly measure up today? Wouldn't surprise me if a solid MS67 or even a MS68 of this date is out there somewhere as gem S mints of the 1866-1871 era did tend to survive
in reasonable enough quantity.
However, I began as a collector a half century ago so the thrill of collecting coins has always remained with me.......and it just so happens
I am able to buy some relatively expensive coins as I got older.
I am a collector at heart and I imagine other collectors who still share the passion of coin collecting and can afford more expensive coins remain an important part of
that market.
I think what is needed to ramp up value of coins that Laura is referring too is more educated investors....and that market I cannot speak too.
Also I am somewhat concerned about the emphasis on pcgs cac coins in her report.......where does that leave ngc cac coins?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
They must think such designations make the coin high end for grade, perhaps better than an NGC one with the sticker.
It sure makes the pricing( in this market) higher. I suggest that maybe all the work has been done, the coin has maxed out,
Why not accept, perhaps at a lower price, any nice coins/gold included, and make the upgrades yourself. Neither PCGS or
CAC is infallible, as they would both admit.
I get a lot more pleasure( and pay less) for the NGC 66 CBH I buy at PCGS 65 levels or lower, and succeed in crossing at 65, maybe 66.
I value the cross much more than the green bean.
<< <i>So Cal,I was truly tempted by that one,but too white,nice black and white though!Beautiful,Congrats!
I didn't buy it, however if I had the cashola this Legend offering would be mine.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.