Current Numismatic Market

At that 20k+ price point yes I do and the majority of sales data supports that as well.

A lot of those expensive coins like that get crossed over after sales and if they have to wonder if it's been tried before or would (or even just the cost of it) that does impact the bidding on many of them in my opinion

I prefer to see the numbers myself and graph it in my head with the real world sales data.

My fault you are correct that was a typo, it was supposed to say it they are not as you figured out.

 

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The Real Important Question....What are we both doing up at 3:22 AM posting ?

 

Lol because time doesn't matter right now, also I'm a night Owl and lived on the West Coast and in Australia too long to care about East Coast time regularly lol

 

Online has been strong for me sales wise but I wonder what future holds. Many I know selling out. What will be numismatic infrastructure casualties (no longer in business) once Covid off the field?

 

Dealers ?

I'm curious to those of you who had businesses.....how much (overhead) would you save monthly if you eliminated a small storefront and worked out of your home and/or went 100% online, conventions, coin shows, etc.

I'm going to say that rent was your biggest expense if you had a store and you have to save $3,000/month minimum. Might be 2-4x that amount depending on where your store was located.

 

I have noticed little change in the ancient coin market. A few European auctions have been postponed, but most online auctions have strong participation. I haven't seen prices move one way or another, though.

 

No arguments with that for many of them. I don't blame buyers either as at that price point I would want superior examples for that kind of money and not "bargain buys" or really even run of the mill examples.

I've been a firm believer that the more expensive the coin (especially when they get into the price of a new car or higher) the more important it is to get high quality examples that will always be in demand to some extent.

 

I don't have a problem with this statement Tough....but you are focused solely on the SUPPLY part of the equation and not on the DEMAND. There are probably lots of type collectors, part-time collectors, and non-collectors who just want this 1 unique coin because of the High Relief feature. Remember, the buyer of the 1933 Saint wasn't even a coin collector and that was just a unique coin with no special features.

But it's possible, and my theory is, that lots of holders of the 1907 HR inherited theirs and knew it was a beautiful or rare coin...but never would have purchased one with their own $$$. So they or their heirs or their estate have no attachment to the coin. Hence, a bit more supply as the DEMAND for them shrinks, and these were folks who had the coins for years or probably decades, what folks like me call "strong hands" as opposed to someone hoping to make a buck or a dealer buying for future sale.

Of course, I have to admit that most of those inherited coins would not be graded over time (certainly not from 1907-1986) so they should be hitting the market as either raw ungradeds (which I admittedly DO NOT see that often) or somewhere along the line they were sent to PCGS/NGC for grading.

I wonder if there's a way to see how many 1907 HR's (or any particular coin) were graded by the 2 TPGs during any given calendar year ? That would certainly answer one question.

It's certainly true of the 67's, the bidding was strong and right along the "inflated" online and printed price guides. But the 65 was definitely below.

And I see lots of MS61-65's going without any bids on GC and Ebay as the price is just a bit too high (sometimes WAY too high).

BTW, just off the top of my head....I can't recall seeing any MS66 High Reliefs. I'm sure they are out there, but they just don't stick in my head. Can recall seeing all others from MS61-67. Strange....

 

Unique coin with no special features is really an oxymoron. It's obviously not a one of a kind, but the legal one is and that does make it have special features such as the date

More importantly though it just doesn't really matter if its the only one you can actually buy legally ever

 

Online store can be variable with shipping, fees, and PayPal. Add fixed oh items like supplies, publications you can draw your own conclusions or use an eBay calculator. As a simple rule of thumb it takes a 30 pct Gross Profit Margin make it in the coin business.

overall the market has been down since 2015 (Pcgs 3000).

To cut fixed costs I have dropped the CDN, NN, CW. I do use free online resources. I did buy 2020 Red Book and Bluebook.

 

I have only purchased a single coin so far this year, the Saudi Arabia 1 Riyal that I posted in the "latest acquisitions" thread in the World forum. I have really cut back over the past year or so.

 

And FWIW....I see a bunch of MS61,62,64, and 65 1907 High Relief's going begging for a single bid over at GC.

Could be it's tougher to sell those coins at GC, which is still realatively new, compared to HA, SB, LN, etc. But only the MS65 has a grossly high asking price.

 

Some retired collectors should be able to weather this storm better than many BUT may of the younger and middle aged collectors are going to see their incomes and future plans devastated by this pandemic. Perhaps we are still in the portion of the pandemic where reality hasn't quite set in since the stock market seems to be holding steady/going up despite the utter destruction on main street. People are bored and still have some money to spend, just wait until state unemployment reserves start running out and real panic sets in.

 

Many already fed up with coin market before Covid (falling bids, high grading fees, stagnant demand). Values have nowhere to go but down further.

Coins will at least trade at or near BV and true rarities will be in demand at some price point but what? I see coin collecting evolving to filing the hole with a nice coin G04 or higher (based on budget) and the extinction of the holder /grading / sticker game.

 

Many already fed up with coin market before Covid (falling bids, high grading fees, stagnant demand). Values have nowhere to go but down further.

Coins will at least trade at or near BV and true rarities will be in demand at some price point but what? I see coin collecting evolving to filing the hole with a nice coin G04 or higher (based on budget) and the extinction of the holder /grading / sticker game.

 

0 percent chance of that