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<p>[QUOTE="wesdavidson, post: 746750, member: 18646"]just some observations, </p><p> The coin market is overwhelmingly "local" for many of the lower priced issues. Same with shows. </p><p> From what I have seen, it depends where you are as to what the economy is doing. I am told that in Nevada the dealers can pay 65% to 75% of spot for silver and gold bullion coins that walk in off the street. In Utah the price is mostly 85% to spot or above. </p><p> The same with sales. Some areas can not get enough bullion, the buyers are turning to e-bay and paying 30% over spot by the time shipping is figured in. While other "retail buyers" want to buy at a discount to spot.</p><p> With spot going up it has run over most of the lower priced or graded US and world coins. With so many going to melt, the populations of many will be much lower if this price wave passes. </p><p><br /></p><p> Shows? in the Salt lake market the shows have been lower overall, prices may be up, but sales seem to be down. Silver moves ok, but the public just hasn't come out like they did a couple of years ago. The June show was a drowning, literally rained out. The token show was fairly good, with many tokens in the auction breaking records.[/QUOTE]</p><p><br /></p>
[QUOTE="wesdavidson, post: 746750, member: 18646"]just some observations, The coin market is overwhelmingly "local" for many of the lower priced issues. Same with shows. From what I have seen, it depends where you are as to what the economy is doing. I am told that in Nevada the dealers can pay 65% to 75% of spot for silver and gold bullion coins that walk in off the street. In Utah the price is mostly 85% to spot or above. The same with sales. Some areas can not get enough bullion, the buyers are turning to e-bay and paying 30% over spot by the time shipping is figured in. While other "retail buyers" want to buy at a discount to spot. With spot going up it has run over most of the lower priced or graded US and world coins. With so many going to melt, the populations of many will be much lower if this price wave passes. Shows? in the Salt lake market the shows have been lower overall, prices may be up, but sales seem to be down. Silver moves ok, but the public just hasn't come out like they did a couple of years ago. The June show was a drowning, literally rained out. The token show was fairly good, with many tokens in the auction breaking records.[/QUOTE]
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