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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="imrich, post: 3087629, member: 22331"]I'm personally glad that it appears the majority of collectors today expect that virtually all coins, regardless of intrinsic value or scarcity, they should be able to acquire PM products at "junk" pricing. It allows individuals who recognize value to acquire same, reducing availability, at fair values, relative to the past. The sad thing is that better material is being withheld from the markets because of the prevailing attitude, and it's far more difficult to find valued products, but when located and certified, etc., appreciably greater premiums are commanded.</p><p><br /></p><p>Todays "Grey Sheet" is generally a wish list for dealers, who I hear mumbling "where do they get these prices?" Generally, dealers who I've familiarity with, would love to buy some of the Gold coins listed at virtually melt value. They definitely will grab their "Sheets" when an individual brings some seldom seen material.</p><p><br /></p><p>I'm seeing a believed diminished buyer-seller exchange, and the dealer who was too send a lot of Classic Gold in for me yesterday decided after their monthly show had only 4 dealers arrive last month, he wasn't going to waste any more time. He was about the last in the group who was just trying to reduce inventory, giving buyers a reasonable price. His price for submission was 25% less than the dealer who offered to take his place. Times may be changing.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 3087629, member: 22331"]I'm personally glad that it appears the majority of collectors today expect that virtually all coins, regardless of intrinsic value or scarcity, they should be able to acquire PM products at "junk" pricing. It allows individuals who recognize value to acquire same, reducing availability, at fair values, relative to the past. The sad thing is that better material is being withheld from the markets because of the prevailing attitude, and it's far more difficult to find valued products, but when located and certified, etc., appreciably greater premiums are commanded. Todays "Grey Sheet" is generally a wish list for dealers, who I hear mumbling "where do they get these prices?" Generally, dealers who I've familiarity with, would love to buy some of the Gold coins listed at virtually melt value. They definitely will grab their "Sheets" when an individual brings some seldom seen material. I'm seeing a believed diminished buyer-seller exchange, and the dealer who was too send a lot of Classic Gold in for me yesterday decided after their monthly show had only 4 dealers arrive last month, he wasn't going to waste any more time. He was about the last in the group who was just trying to reduce inventory, giving buyers a reasonable price. His price for submission was 25% less than the dealer who offered to take his place. Times may be changing. JMHO[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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