Prices way way above gray sheet

I'm working on a Peace series at the moment. These are definitely commanding premiums over recent historical values. Participated in tonight's Heritage auction and caught the tail-end of the Morgans and most of the Peace offerings...

In general, the Morgans I witnessed received somewhat less than CDN and the Peace Dollars, by and large, surpassed it, considerably.

I'd agree that it's a great time to sell, overall. The only thing I'd also offer in regards to your post, DDDDD, is that the attractive toning/blazing luster/stickered (and/or just strong in general) coins, at least in the Peace series, are regularly equaling, or exceeding PCGS listed values. In fact, it seems like the sellers offering "close-but-no-cigar" examples at premiums, typically sit on them. The nice stuff goes fast(er).

If I were Randy, I'd price the B and C coins, let's say on ebay, for CDN + something like a 10% premium. I believe these would go very quickly right now, at that P-point. He'd probably undercut the majority but still be able to take advantage of the market and walk away well-ahead.

As a collector/buyer with some years under the belt, it stinks to have to absorb the current premiums. I'd like to think though, that this market is providing me w/ many more example options as the veteran collectors, rightfully (imho), decide that it's a good time to sell.

 

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Most of the people selling/buying on eBay use the PCGS price guide for their price points. I posted about a CBH(AU55) I bought for retail years ago. The coin took a few years to move $65 in my favor at retail pricing. The coin is in an NGC holder and retail priced by NGC at $515, currently. A CBH(AU55) retail priced by PCGS is $950, currently. No rare Overton varieties. $515 seems to be Greysheet to PCGS' $950 price tag. Surely, someone at NGC is noticing all the green arrows in a recent PCGS price guide.

Who would of thunk a little green arrow would move the coin mountains to greater heights than ever before? I remember all the threads of how coin collecting was dead. All value was going to be lost. Virtual tears. I don't see many of those threads now. In 2016, I bought a 2004 mint set for less than face value. Do you need a Greysheet for that? I gave a prime example above for a bargain. Buy some CBH NGC coins, hope they cross to PCGS, and hope even more that someone is willing to pay PCGS retail. Long live the green arrow.

 

Buy when the coin dealer is crying and sell when the coin dealer is happy.

 

The doom and gloom threads about the coin hobby/market always increase as prices fall. Then again, the last downward trend was fairly long (probably 2009 to 2019) and no one could predict the events of 2020-2021 (and the effect it would have in helping the coin market).

 

There was still records being set during that time though. It was the common date common grade stuff that was really getting killed

 

My LCS told me yesterday that it's becoming a problem nationally for dealers to acquire new stock. The coins i got were submitted over the summer. But he said there is a lot less new stuff coming in. That's why you're seeing higher prices. People are hoarding.

 

Yes there are records in down times but it tends to be for the higher end stuff while most of us collect the average. When the average items explode in price, that is when more people notice.

 

Of course, but even in the down time the elite stuff for the grade did pretty well and plenty of pretty average grades/mm did well too. The generic and low end for the grade stuff was what got killed and dragged things down. Commens too, but thats mostly happened for like 20-30 years now

 

Are you trying to entice Laura to come here and start talking about widgets and dreck?

(insert smiley face here...or not)