Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Interesting interview with Richard Lobel of Coincraft, London, on the "Secondary market."
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 3498080, member: 112"]A few comments on the subject of mint products for collectors. If you read the article they talk about the market for these mint products declining as if it's something new, recent. But it isn't new at all, in fact it's an old, old story. One that comes and goes and repeats itself even at various periods of history. For example, the US commemoratives market died in the 1950's, and did not resurface for 30 years. But that wasn't the only example or the first. </p><p><br /></p><p>Another point would be the "investment" angle if you will. Mint products are often marketed as being "investments" as an enticement. But they seldom work out to be investments, at least not good ones. Sure, sometimes prices will rise in the beginning, only to fall to levels less than the original mint purchase price late on. This too is something that has been seen over and over and over again. But every now and then there will be a star of hope that shines for one reason or another. An individual coin or an individual set will rise in price, hold it and even continue to rise in later years. But they are typically few and far between. Given that what keeps the market for these mint products going ? </p><p><br /></p><p>The initial rise for one thing, the hype initiates the greater fool theory and the bandwagon has many riders in the beginning, but they soon all jump off or fall by the wayside. And the 2nd is those shining stars that are few and far between. That's all it takes to keep something like this running. Until that is people grow tired of it and it dies like it did in the 50's. </p><p><br /></p><p>But there is a way to benefit, financially, from this mint products game. It's something I noticed many, many years ago. And no, it's not the bandwagon, that depends too much on timing for if you jump off too late you end up holding an empty bag. It's a way to pick out those shining stars that rise, hold their price, and continue to rise. But it does take some thought and good judgement to do it.</p><p><br /></p><p>So how do ya do it ? Easy enough I suppose, at least it always was for me - you pick out the coins and or sets that nobody is going to want, that nobody is going to like. Those coins and or sets never sell well, and they end up being the ones with the lowest census numbers. And they end up being the ones worth the most, in later years, on the secondary market.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3498080, member: 112"]A few comments on the subject of mint products for collectors. If you read the article they talk about the market for these mint products declining as if it's something new, recent. But it isn't new at all, in fact it's an old, old story. One that comes and goes and repeats itself even at various periods of history. For example, the US commemoratives market died in the 1950's, and did not resurface for 30 years. But that wasn't the only example or the first. Another point would be the "investment" angle if you will. Mint products are often marketed as being "investments" as an enticement. But they seldom work out to be investments, at least not good ones. Sure, sometimes prices will rise in the beginning, only to fall to levels less than the original mint purchase price late on. This too is something that has been seen over and over and over again. But every now and then there will be a star of hope that shines for one reason or another. An individual coin or an individual set will rise in price, hold it and even continue to rise in later years. But they are typically few and far between. Given that what keeps the market for these mint products going ? The initial rise for one thing, the hype initiates the greater fool theory and the bandwagon has many riders in the beginning, but they soon all jump off or fall by the wayside. And the 2nd is those shining stars that are few and far between. That's all it takes to keep something like this running. Until that is people grow tired of it and it dies like it did in the 50's. But there is a way to benefit, financially, from this mint products game. It's something I noticed many, many years ago. And no, it's not the bandwagon, that depends too much on timing for if you jump off too late you end up holding an empty bag. It's a way to pick out those shining stars that rise, hold their price, and continue to rise. But it does take some thought and good judgement to do it. So how do ya do it ? Easy enough I suppose, at least it always was for me - you pick out the coins and or sets that nobody is going to want, that nobody is going to like. Those coins and or sets never sell well, and they end up being the ones with the lowest census numbers. And they end up being the ones worth the most, in later years, on the secondary market.[/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
>
Interesting interview with Richard Lobel of Coincraft, London, on the "Secondary market."
>
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...