Buying coins

Discussion in 'Coin Chat' started by texmech, Jan 10, 2010.

  1. texmech

    texmech Wanna be coin collector

    Is any one seeing certain USA denominations acting weird lately? This could be positive or negative. I suppose if it's gold or silver has some influence, but I just was curious to see if there are any interestting trends out there. I am still concentrating on Lincolns and Morgans.

    I don not sell, but buy, so That's my persepctive.

    This probably is a overly general question, but I think you know what I am asking, "gut feeling kind of stuff".
     
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  3. Just Carl

    Just Carl Numismatist

    Your wrong there. I have no idea of what you asking. Or what you are referring to. Not really sure what you mean by USA denominations acting weird. As far as I've ever seen, coins do nothing at all. They sort of just sit there and stare at me. :rolleyes:
     
  4. texmech

    texmech Wanna be coin collector

    I thought I was pretty clear and simple, but if you don't get I am not going to follow up with a re phrase. Sometimes the simplest questions cause confusion, jeez.
     
  5. bhp3rd

    bhp3rd Die varieties, Gems

    I too have no idea what you are asking,

    I too have no idea what you are asking, please fill us in???
    """denominations acting wierd"???
     
  6. texmech

    texmech Wanna be coin collector

    I guess I worded it poorly. All I was trying ask was, are any coins doing better or worse thn normal. For example, lincolns being discounted more than normal and Morgans getting more of a premium than normal. It was just a general question and I don't want to disect the question any more. If this further explanation still does not suffice, pleease forget about it. I was just wanting to see if this community was noticing anything in general.
     
  7. carly

    carly Member

    I'm noticing very late date--about 2000 to 2006--uncirculated Lincolns going for prices that seem very out of line for their age and quality.

    In all my off-and-on years of going to coin shows, I don't think I've seen such price markups before for very new issues.
     
  8. texmech

    texmech Wanna be coin collector

    That's exactly the kind of response I was looking for. Thank you.
     
  9. malak1

    malak1 Junior Member

    I aagree with carly. At our monthly coin show, 2009 LP1s , 2s & 3s are priced at $7.95 per roll. No phenomenon here. Just greed and gouging on the dealers' parts.
     
  10. Dime_a_dozen

    Dime_a_dozen Junior Member

    Sorry, not too sure..........
     
  11. quartertapper

    quartertapper Numismatist

    I think people hoarding these '09 Lincolns is causing this temporary insanity. Eventually, people will start to realize that a coin that was produced in the hundreds of millions will never be a true scarcity. Then, people will begin to sort through their rolls for the better examples and sell the rest at a realistic price.
     
  12. Just Carl

    Just Carl Numismatist

    Basically this happens every time something new pops up from the Mint. Those Bicentennial Quarters started one of those hoarding fads. I fell for that one. Now no one even wants to look at them. Remember those silly Jefferson Nickels not long ago? Many hoarded those and they do sort of fell out of favor. Now everyone is hoarding those new PENNIES. Soon the prices will drop, the hoarders will be dumping their hoards into thier savings accounts, the market will be flooded with those too.
    Just a human nature situation. Sports cards, Beanie Babies, US Postage stamps all went through similar situations.
     
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