Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1909 Lincolns
>
Reply to Thread
Message:
<p>[QUOTE="Arizona Jack, post: 487459, member: 9308"]Doug</p><p>At the ANA here in Phoenix, you made a remark about asking dealers about the Lincolns on fire....many proclaimed they would not be sitting on the downturn.</p><p> </p><p>This is against my better interest as a seller, but as a collector first as well as a coin talker, I agree. </p><p> </p><p>I allowed myself to get burried in them cash wise, and am now in " reality" mood. As a collector, I would also sit for a while. We may see a year jump in crazy money, but IT WILL NOT LAST.</p><p> </p><p>8 months ago, buying for sheet was a joke. They brought silly money at auction and even sillier money on the bay. It's over gang. Seroius. I have seen key dates go for sheet and under, and thats top 2 slabbed.</p><p> </p><p>Easy money Lincolns flips are over unless you buy over the counter at a "70% bid" shop. They will then be wholesaled to folks like me at 80%, then I will ebay at 90%...it's a chain</p><p> </p><p>I work hard to inventory my stuff, and I will be much more descretionary in my buying. Dont get me wrong, the nice, primo stuff is always in demand, but I warn you, dont hit my ebay for a while. I am doing what every person that is burried is doing. Dumping.</p><p> </p><p>Those of you with the primo's, and the true nice coins? Dont worry a bit, you are solid. Wait a year and start buying those coins that you always dreamed of, they will be cheaper.</p><p> </p><p>As a cointalker, I'll share this.[/QUOTE]</p><p><br /></p>
[QUOTE="Arizona Jack, post: 487459, member: 9308"]Doug At the ANA here in Phoenix, you made a remark about asking dealers about the Lincolns on fire....many proclaimed they would not be sitting on the downturn. This is against my better interest as a seller, but as a collector first as well as a coin talker, I agree. I allowed myself to get burried in them cash wise, and am now in " reality" mood. As a collector, I would also sit for a while. We may see a year jump in crazy money, but IT WILL NOT LAST. 8 months ago, buying for sheet was a joke. They brought silly money at auction and even sillier money on the bay. It's over gang. Seroius. I have seen key dates go for sheet and under, and thats top 2 slabbed. Easy money Lincolns flips are over unless you buy over the counter at a "70% bid" shop. They will then be wholesaled to folks like me at 80%, then I will ebay at 90%...it's a chain I work hard to inventory my stuff, and I will be much more descretionary in my buying. Dont get me wrong, the nice, primo stuff is always in demand, but I warn you, dont hit my ebay for a while. I am doing what every person that is burried is doing. Dumping. Those of you with the primo's, and the true nice coins? Dont worry a bit, you are solid. Wait a year and start buying those coins that you always dreamed of, they will be cheaper. As a cointalker, I'll share this.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1909 Lincolns
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...