Prices way way above gray sheet

Is it me, are we seeing coin prices cranking up significantly due to lack of supply?

 

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Which Gray Sheet issue is being used as the benchmark? John Feigenbaum will certainly be the person to ask a general question of this sort, and he has been more than gracious doing so, on the CAC Board. Others would be Feld, Sperber, etc.

John Feigenbaum has made adjustments on values based on member comments. There is a lag, of a few weeks for adjustments, and a one or 2 off price point is not always indicative of the market. There is the usual market uptick that occurs in non-CAC pieces, when CAC pieces reflect the same.

The Thanksgiving-Christmas period is not the best time to compare.... and FUN may be the next bellwether to review ups and downs.

It would be an interesting comment for you to post on CAC.

Just an opinion.

 

I believe you'll find, unless you're trying to locate scarce date/mint coins, that sellers generally use the "sheet" as a tool only for buying.

I'm currently "fiat-poor" realizing that paper currency is rapidly being devalued by those in control by redistribution legislation. Tangible product sellers are seemingly responding to suit as the practical value of fiat is diminished. Prices on common products have been increased to allow at least minimal negotiation.

I've offered common coins at a price slightly less than the eBay price before shipping/taxation/etc.. I have individuals wanting to know when is my next offering, and to contact them in advance.

Many buyers seemingly are trying to locate tangible "value-retention" items to replace their paper.

I haven't any problem selling "common" Gold/Silver coins
at above the C.D.N."sheet" price, which I believe to be unsupported by fact.

JMHO

 

You need to change your avatar name….

 

By all societal standards, I'm who my "arch" indicates, with no credit rating, virtually no funds in banks, etc., but my Son says I need to be known as someone simpler than "Poorrichard", so: I am Richard, abbreviated as Imrich!

All of my Adult life I've been know as the strange guy with a custom Western hat, dressed in black or tattered clothes (i.e. work attire as I often work), dark glasses, usually having the final answer, POORRICHARD. From the age of 9 to 16, I was a resource for people with "needs" to be resolved, which hasn't changed yet.

JMHO

 

Wow a nice gate, I always wanted a gate or marble Lions.

 

I hope will improve supply to dealers, I have not found a Christmas gift yet!

 

So looking at this from the other side of the river….. If an old fellow had a fair sum of cash tied up and wasn’t 100% confident in the future cash out prospects….. Would this be considered an opportune time to sell?

 

I think you are seeing quite a few of those people deciding just that. But probably not as many as are deciding to add to their collections. That's why the prices are going up and dealers are crying for product.

 

That was my thinking until recently, but now building up cash just in case assets become bargains.

 

How's it going Richard!
From one handle to another, I always wondered what was behind the name.

 

Well this sucks, finishing this walker set is killing me!

 

Tokens, medals, and modern world coins are going for simply astounding prices. World moderns that listed for $1 twenty years ago and list for $5 now are trading on eBay for $50 and slabbed top grades for $500.

Medals are higher almost across the board and better tokens sometimes spark bidding wars.

There are those who say that there is an "everything bubble" so who knows if it will last.

Coins have been down since 2008 and are definitely due to turn higher. If this isn't it then it won't be long now.

 

Now I'm exclusively offering to purchase already CACed Gold coins, as a study to establish relative accuracy of C.D.N. published current values.

Today I acquired the best value coin seen yet, a "C" Level (i.e. barely average) at only a 16% premium above current published "sheet" value.

Buyers seem to forget that the market (i.e. final) price is determined by sales fees as taxes and shipping, where C.D.N. is believed quoting "offer" price.

I average approximately 2 CAC coin purchases weekly.

Rich

 

I love your canines! Are they a male, next to a female?
I learned long ago that I needed a female to stabilize my males, where she is the "Alpha" within my home, versus the males outdoor persona.

JMHO

 

My wording may be confusing as I have converted almost half of my estate to cash through 401K, etc..

I find that dealers are increasing tangibles pricing at a rate greater than "Fiat". Cash being devalued through seemingly outlandish spending/donating.

My best opportunities arose when Gold was ~$2000 per ounce, and "dealers" exposed their tangible holdings.

JMHO

 

Now the "Truth" is know.

I don't offer anything other than raw "generics", as everyone seems to believe that tangibles should be offered at half their market value.

I'm offering within 5 to 8% of asking price which is being driven by selling fees. The majority of sellers barely budge, and eBay appears to be the best source for variety.

JMHO

 

It seems like a good time to sell some of the common items that have experienced large gains. 1921 Peace Dollars and Morgans for example have exploded (in part due to the 100th anniversary promotion and the new US Mint releases). If you had a fair amount of those (from well circulated to MS 65) and the eye appeal was just average (i.e. no attractive toning or blazing luster), then I'd consider selling into the hot market.