I have been noticing on a few site(s) that sell coin(s) seem to have come down ( or maybe I am getting to young for this ) ....?? any insight ...??
Seems like average coins are just sputtering along. Nothing going to the moon or spiralling in. Maybe some dealers are just trying to get some cash for the "T" word. "...I was so much older then, I'm younger than that now..." Bob Dylan Just wanted to get that out before Greenfellow.
I wish the Morgan's, even the common ones would come down. Barbers in high grades are doing well, some semi-key coins in lower and mid grade have shown some loss though.
I feel where you're coming from. Every time i would list a coin i believed to be up there on the list for collectors, someone else would post a listing for my coin but sold in rolls unopened in perfect UNC condition CHEAAAAP. What the ache right.
they are probably having an after christmas sale.... seeing that no one has money after buying christmas gifts.
The common wheat cents graded MS66 and slabbed by PCGS & NGC seem to have come down in value for now.
No, its not just you. Depending on what you are buying, the market has been softening. Widgets especially have seen prices falling. Attractive, orginal, scarce material is still pretty strong - but a lot of the money has been going after the several big sales recently.
GSA CC Morgans are on a huge rise... There are a lot of really good pieces on the market guys... coins you have to wait years to find are available... dealers know this. Many dealers are trying to raise cash right now for well good stuff a coming... however until the supply tightens up again its a buyers market!!! Enjoy it guys... probly wont be like this in 6mths.
what do you think is the reason for the rise in GSA dollars. Are the common 82 83 and 84's showing any life right now? I know where to pick up about three of them right now, but not sure what a fair price would be. I'd assume they would grade 63's.
Some series are up, some series are down, a lot of stayed the same. This has always been the case, and always will be the case. Of course, there are times when there are a lot more series moving up than down, or vice-versa. From all the blogs I read, coin mags, and from talking with dealers and collectors, I think one of the themes of 2014 was that superb coins brought moon-money, great coins brought great-money, but above-average, average, and below average coins in all series all did worse than expected. Actually, I think this has been the theme of the last 4 years or so. For fun, once and awhile I will watch David Halls market report: https://www.youtube.com/user/PCGSVideo For example:
Was at my LCS yesterday and was talking to him about how hard of a time I am having trying to move my coins. I told him I am selling off my good, but lower grade stuff and upgrading. He said that is happening a lot right now everywhere, the market is flooded with lower grade stuff and everyone is seeking out higher grades. The market must be shifting to more investment grade coins and away from average person's collector coins. Maybe as the number of coin collectors has slowly decreased, the ones that are around want the nice stuff and no one is left to buy the lower grade stuff. Just my thoughts...
People... collectors.. investors are just realizing that they are putting lots of money into their collecting.. thousands. Why not acquire the best... that what goes up in value the most... highest quality. and As investors snag them off the market they are only becoming more scarce. IMO the CC GSA Morgan dollars are going up due to education... look at the reading materials and books that come out... the CC Morgan Dollars book featuring the coins of the GSA hoard just came out on its 3rd edition. Just like when the TYPE 1 double eagles book came out... all of the hype around them and then boom... 18540 goes from $80k- $500k. Education and a focus on a particular era precedes almost every upswing in value without exception!!! Just the common date 83-84cc GSA in ms65 are up in value over $100 in the last year... that has out performed bullion on every level, and they hold their value... people, investors, collectors notice this... why go with a 64...? when you can get a 65 and see a lot more appreciation! I'd be going crazy on anything CC right now! Certified in the highest quality you can afford! Invest like a collector and you will do great! The lull in coins recently to me is just the uncertainty in the market... lots of people upgrading... lots of people losing money and covering losses with tangibles... lots of availability. Like I stated before give it 3-6months and I think we will be seeing it turn right around... especially if all of the uncertainty in other markets keeps up!
The thing I like about the CC's is that they are easy to sell. I just picked up a $5 1891 cc I hope it continues to grow in value.
I would say these 3 dates lag the GSA CC market. They are the most common. That doesn't mean they won't go up in value, it's a supply and demand thing. My '78, '85, '80 and '81's have appreciated more than the '82, '83 and '84's that I own.
My experience recently is MS64- MS66 grade Morgans are experiencing price softness. I've picked up a few (duplicates) at some decent prices.
Everything is experiencing price softness for the most part... a couple pieces here and there haven't but overall... everything is down. theres lots on the market... I can go to any source I know and pick up CC morgans. Get them while you can!!! The 83-84 are the most common CC's... obv- they arent going to appreciate like the others in the same grade. They are up over $100 in the last year like states... which has still out performed bullion!
