Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
coin prices are crazy....
>
Reply to Thread
Message:
<p>[QUOTE="robp, post: 4873106, member: 96746"]I can't speak for areas I don't follow, but it has been apparent that since the financial crash in 2008, prices for British coins curved markedly upwards. I think this event prompted a lot of better-heeled people to go into coins as an alternative way to preserve wealth. Also, quantitative easing post-2008 put a lot of money into the market place without any commensurate increase in the quantity of physical assets with the result that asset prices increased. </p><p><br /></p><p>The increased selling prices were not spread across the board, with the best examples far outstripping the middle of the road examples which only marked time or increased by a small amount. Essentially, when money isn't an issue, the buyer will aim to achieve the best available (or close to) which then separates out the market into one for the elite (define as you will) and the vast majority of collectors who are constrained in their budgets. It has been particularly noticeable in gold where 5 guinea prices for example seem to increase exponentially. Last week, Spink's sales made 3 million compared to estimates of 1 million.</p><p><br /></p><p>As a general rule the price/grade differentials have widened, so whereas 15 years ago Fine - VF - EF would have say doubled for the next grade up, the VF to EF difference rapidly went from 2x to 3x for many issues and more for some. The increase in collector base meant that something I had routinely purchased at auction for a few years around £200, suddenly leapt to £400.</p><p><br /></p><p>One saving grace is that many of the newer entrants can have a reasonable feel for the in your face grade, but do not have the knowledge acquired over the long run for rarities within a type, so for all the general increases, some things still go under the radar.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 4873106, member: 96746"]I can't speak for areas I don't follow, but it has been apparent that since the financial crash in 2008, prices for British coins curved markedly upwards. I think this event prompted a lot of better-heeled people to go into coins as an alternative way to preserve wealth. Also, quantitative easing post-2008 put a lot of money into the market place without any commensurate increase in the quantity of physical assets with the result that asset prices increased. The increased selling prices were not spread across the board, with the best examples far outstripping the middle of the road examples which only marked time or increased by a small amount. Essentially, when money isn't an issue, the buyer will aim to achieve the best available (or close to) which then separates out the market into one for the elite (define as you will) and the vast majority of collectors who are constrained in their budgets. It has been particularly noticeable in gold where 5 guinea prices for example seem to increase exponentially. Last week, Spink's sales made 3 million compared to estimates of 1 million. As a general rule the price/grade differentials have widened, so whereas 15 years ago Fine - VF - EF would have say doubled for the next grade up, the VF to EF difference rapidly went from 2x to 3x for many issues and more for some. The increase in collector base meant that something I had routinely purchased at auction for a few years around £200, suddenly leapt to £400. One saving grace is that many of the newer entrants can have a reasonable feel for the in your face grade, but do not have the knowledge acquired over the long run for rarities within a type, so for all the general increases, some things still go under the radar.[/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
>
World Coins
>
coin prices are crazy....
>
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...