I think it's all regional, Ruben. I've been trying to assemble a set of F/VF buffalo nickels and have noticed the prices are strong for them in certain places and weak in others. In my area, buffs and mercs are weak, whereas slq's are strong right now. A few months ago the Lincoln was strong here, but now you can't give them away. But this is one small area with one perspective. Guy~
Interesting. Does that seeem like random fluctuation or is somethng driving the changing interests? Ruben
I have only been collecting for about a year, so I have no long term perspective, but it seems to me that I have been able to get some nice deals, but some of the coins that I like that are bullion, (ase's) have gone up, I was picking them up usually for under 20, made three sets of them, the 96 when I first started looking for them was selling for something like 70 dollars, I waited and picked up three for 40 apiece, last I checked I found one web site where they were selling the 96 ase for 33, still higher than bullion but if I had waited I would have saved myself 20 dollars.
Ruben to answer one of your questions,I have been watching SLQ s closely hoping to buy a nice one at a great price.My observation is that they seem to be treading water.Alot of quantity out there in all grades.Some dealers are asking moon money while others are more down to earth.As a whole no big jumps up or down. If you are looking to sell you cant expect a large increase over your cost at this time.If you are buying , the prices havent moved all that much.This is just my opinion.I am biding my time by buying a few dateless type 1 s hoping for a miracle The best advice I can give has been said many times by more articulate people...study the series you like.Get to know them well.Go to shows and look at many examples and spend your money on the best examples you can afford. Happy collecting
I know that I had to unload a few coins after my divorce, and the divorce itself can be categorized as being recession driven. But most of the collection was stolen. However, when I was selling I noticed that for everything but gold pieces prices were pretty flat, or dropping at that time (about 8 months ago). I saw a lot of fire sales on ebay and such and also my local dealer is seeing a lot of firesales.
Yep, that's the modern market, they usually over shoot the price they settle at. The trick is to not get greedy, thinking it's going up forever (or get lucky) and get out when you've realized a good profit.
It's any market, not just the moderns. I could point out dozens of classic coins that recently sold for 30-40-50% of their recent highs.
It wasn't so long ago that we were some where debating weather cons would ever drop in price and you often quoted a period where they had lost almost 50% of their value. Ruben
