RIP Life Savings of Franklin Collectors

He didn't just come out with that idea, that has been announced for well over a year and it's gone no where

 

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First of all I like your post. Well thought out and you are on the right track. But PCGS has been dropping these prices the whole time. It has been a bunch of small drops leading to big drops.

The problem I am seeing though is with each drop it makes buyers standoffish and they avoid buying waiting for the next price drop. I am not saying that PCGS prices don't reflect recent auctions sales.

I am simply saying that regular price drops are eroding away the market. IF PCGS were to take a 1909 S VDB in MS64RB and drop their price guide value to $1000 you would see the prices steadily fall until you started to see them selling for $1000. Buyers would feel ripped off if they were paying more.

1948 D Franklins in the last 30 days on ebay have sold for up to $550 and of the 4 that sold none sold for less then the $450 price guide value. That shows they are seriously out of touch with values, There are 1000s more examples I see on a daily basis thats why that baseball guy is just irritating. The market is just bigger then no reserve auctions from the top 3 auctioneers.

 

I wish certain price guides were a ceiling on coins, but the sad fact is that some coins are fully out of my range because other they actually tend to go for more than the current price guide price.

 

Actually I said your logic was NOT wrong.

You are right about modern coins generally. Franklins are just different because the Strike designation FBL factor.

 

You mean common courtesy as in simple decency and respect, right? You know, like not forcing everyone to literally fear being ridiculously smeared, labeled, and/or openly attacked for not knowing every other person's individual and sometimes changing preferences?

Contrary to the seemingly preferred narrative, we've long had completely neutral and perfectly respectful means of addressing everyone: there's nothing discourteous about using terms such as "people" or "individual" (among others). Respect begets respect, period.

 

You literally just disproved your complaint that the price guide is a hard ceiling.

 

You sound like a disappointed/disgruntled investor. Collecting coins is all about 'collecting'. Anything else is a fools errand..........

 

Same happens for me. Some of the things on my want list don't come up for sale very often and when they do it just always turns into who wants it more.

 

Stop fishin buddy.....Those prices realized BEFORE the price drop but were not considered when dropping.

 

I am neither disappointed nor disgruntled. I just don't know why I see price drops on coins that sell for more. This is an ongoing process 2 years in the making but I am not going to sit here all night to fully outline.

Dropping the prices is corrosive. People hesitate to buy anything for more then it is "worth".

Try to get a bank loan on a Roush Mustang and they will base loan value off of the host GT Mustang. This principal applies to more then just coins. There are always exceptions but the general market is going to fluctuate by what the price guide says, regardless of what it says.

 

So a series that has "never been hotter" hasn't had a sale of one of those on eBay in two months hmmmmm

 

Perhaps I've misunderstood, but the above seems to directly counter you assertion that PCGS is tanking the market.

 

I love everyone and think everyone of any gender should be respected. But when we are too politically correct people get these crazy ideas like raising their child as "gender neutral" that scares me.

If my kid some day comes to me and says "dad this is who I am" I will hug them and pat them on the back. But I would never steer them towards the direction of confusion and choose what anatomy they should have.....nice and on topic btw lol.

 

I would say so. 33% sell thru rate over 90 days is great for a specific coin of a certain date over $450. That is 12 listed and 4 sold leaving 8 remaining (the 9th is a doubled die)

Keep trying you will get there eventually bruh....

 

ARE WE HEAR TO TALK ABOUT COLLECTING COINS OR IS THIS A COIN INVESTMEST DISCUSSION GROUP? HOW ABOUT ENJOYING COINS. IF YOU FEEL THAT YOU MAY HAVE TO EAT THEM SOME DAY SOON THEN DON'T COLLECT THEM!

 

PCGS didn't cause the problem.

 

My apologies, I misread your post.

 

Well said Tony.........

 

Here's the PCGS price page for the coin you suggest... in the past 13+ years it has fluctuated between 2100. and 3250. in MS64RB...
https://www.pcgs.com/pricehistory#/?=2427-64


Personally if I had one to sell and PCGS had dropped the 'price' to 1000 or so for this, I either would not sell, or I would be looking to see what was changing their outlook in price so drastically...

Did the market get selling some that were 'just' 64s as opposed to being solid for the grade?
Was there some sort of new hoard discovered and graded that made the population increase for that grade?
Were collectors shying away from these?
Was some sort of economic depression occurring?


I don't know how many would be up for sale if PCGS lowered what they said was the price and what conditions made some people sell a coin for less.

But even if they dropped the price, would you normally see prices not be strong, perhaps, in most cases?