Questions for you

Discussion in 'Coin Chat' started by GDJMSP, Jul 13, 2009.

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  1. desertgem

    desertgem Senior Errer Collecktor

    Doug, I think you have done an excellent job in trying to answer their question. The only question I have is the part
    Does this mean that most of market value just shifts from one dealer to another each year, just changing inventory or accumulating stock? It seems a little like our banking problem where buying and selling to each other creates a lot of paper value on their coins. This is an interesting aspect to me, and might explain a large amount about increased "value" over the years. However, is it possible that even more of as "recession/depression" of the coin market will be more likely if the actual economy ( joblessness, yearly income,foreclosures, bankruptcies, ) of the US/world continues to falter?

    Thanks again for interesting information.

    Jim
     
    desertgem, Jul 23, 2009
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  3. 900fine

    900fine doggone it people like me

    "Everything" includes salaries of people employed in the industry who are not numismatists i.e. clerical help, people answering the phones, shipping/receiving, accounting, advertising, etc.

    That's the huge difference between "industry" and "market", which to me means consumer purchases. This is tricky in coins, since they just infinitely recycle around, as opposed to being consumed.
     
    900fine, Jul 23, 2009
    #42 + Quote Reply
  4. coinman0456

    coinman0456 Coin Collector

    Thats how I interpreted the question GD. I could not arrive at a "guess" that would be in reach of what that geographic % in the rare coin industry might be.
     
    coinman0456, Jul 25, 2009
    #43 + Quote Reply
  5. GDJMSP

    GDJMSP Numismatist Moderator

    That's pretty much it. This is how I explained it to them -

    "Eventually of course all coins must end up in the hands of an individual collector, but before that happens it is not uncommon for any given coin to pass through the hands of perhaps as many as 15 different dealers in either an outright sale or a trade. I have personally been witness, on multiple occasions, to a single coin passing through the hands of 6 different dealers in the course of an hour at a coin show – if that gives you any idea of what I am trying to express."
     
    GDJMSP, Jul 25, 2009
    #44 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator

    That's not what it means to me. What it means to me is sales of coins. And not just to collectors, but to anyone, especially other dealers. A sale is a sale regardless of who it is made to.
     
    GDJMSP, Jul 25, 2009
    #45 + Quote Reply
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