Coin Flip Prices Gone Wild!

Just visiting Wizard Coin Supply and what a rude awakening. Hardley any DANSO products and cardboard flips have gone from $65.00 a case of 3,000 to $95.00 a case. Even Dansco albums on EBAY are way past their normal selling prices. Anyone else finding prices of supplies for this and other hobbies going wild?

 

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Everyone blames the pandemic, supply chain and inflation for all of the price increases across all sectors.
The sad reality is, all of these companies think as long as they raise their prices and get theirs, then everything is fine. Everything is not fine and this "thing" is not going away. It's been 2 years and there is no quality of life anymore. Crime and suicides are way up. Happy new year indeed.
If you want to delete this for political reasons, w/e. I never post anything political or
care about politics because I feel they are all crooks no matter which side they are on.

 

I agree. Price gouging has become the new normal. I did need a case so I went sideways to their EBAY site and saved $6.00. This will last me a very long time. I use the quarter size for most coins up to that size so it saves me a lot of headaches trying to always use the correct size.

 

Price gouging is not the new normal. Prices on everything are going up.

 

As to the scarcity of Dansco products, that can be explained by the fact that Dansco has only just recently moved production from Los Angeles to somewhere in Washington State. Regardless, Dansco's move came at a bad time, as their transition has been significantly hampered by COVID-19, forcing them to work with a smaller staff, thus hampering production. New and used Dansco products have subsequently seen a considerable increase in value on the secondary market, such as the 7070 U.S. Type Album as a result.

 

Chuck Roast….7.99 pound. Almost walked away, but need my Sunday Roast..

 

I'll return my college degree in Economics.

 

It's not as valuable as a grading degree from Ed Wood.
I flunked out of Ed Wood's grading 101 course.

 

I'm not very political either but it has become impossible to complain about the greed and corruption without everyone taking it as a political statement.

In this specific case I don't fully agree with you because right now we are experiencing an "everything bubble". This means even consumer goods like holders are in great demand. People were making a tiny bit of money loaning their savings to bankers ion this "capitalistic" society and now all of a sudden the bankers are getting huge bonuses (just like when the economy imploded), they're giving it to new depositors, and the banking industry is growing again. With no interest rates and inflation coming people are buying everything that isn't nailed down including coins and their holders.

Strange times. There's an ancient Chinese curse, "may you live in interesting times". Well, we live in very interesting times. If only there were a few ancient Chinese around...

 

Be happy it's only that. Just look whats happened to fish

 

So long and thanks for all the fish! I am trusting the consensus projections that most of this inflation is temporary and due to short term issues and the pandemic. Let us also keep in mind that inflation has been below what is healthy for quite a few years - the Fed's goal for inflation is 2 - 2.5%. One consequence of quantitative easing is that a lot of assets have become much more expensive / valuable (especially stock) which does raise concerns of a bubble, as they can't keep adding trillions in new money to the economy (which primarily goes to the already wealthy, due to the current mechanisms for injecting same) without adverse consequences.

 

Now that's entirely the fault of the Cow Union.

 

There's no such thing as "healthy inflation". All inflation is destructive. All inflation robs people of their earnings and savings. It damages corporations that can't raise prices while lifting inefficient and obsolete corporations that can.

Low levels of inflation are simply less destructive than high levels. It also encourages people to buy stock and financial instruments that is actually beneficial until there is a panic; everyone acting in concert usually irrationally.

Everyone won't go out and by flips but most people are already far overinvested in stock and financial instruments that could do exceedingly poorly of a sudden because greed now operates every market. So when money gets scared it won't be buying vastly overpriced services and incredibly over complicated and over sold financial instruments; it will go into toilet paper which is somehow apropos for a society that votes its pocketbook and is already half in the sewer.

I hope you are right about inflation being temporary. It seems improbable since the only way to get toilet paper to stay on the shelf is to raise interest rates and this is what seems so unlikely to me. The last time they tried rates only got up to 2 1/2% and the markets shuddered.

 

I have noticed everything has gone up. Went to the grocery store today and paid $8.79 a LB. for Lean (93/7). Ground beef! and that was on sale!!!

 

I was visiting my dad early in the week, and we went to a Mennonite meat shop in a nearby small town. Their prices had gone up, too, but they were still about half the grocery-store price for some products, and considerably below grocery-store price for most -- and the meat was incredible. If the store weren't 300-odd miles from my home, I'd be eating a lot more meat, probably more than is good for me.

Edit: this photo is from September, but prices had gone up only a bit on the items we were looking at. Thumbnail because it's so big and juicy.

 

Let's not forget that businesses have to raise their starting wages to attract employees. And they pass the increase onto the consumer. Add to that the need to keep their shareholders happy (and yes, I am one) and it's no wonder, really, why prices are rising.

So how are rising prices affecting coins? Are your coins gaining in price because of inflation, or because you want to sell them for more than you paid?