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Is the market for Indian Head cents going up or down?
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<p>[QUOTE="Marshall, post: 7490789, member: 21705"]I'll address only the general question about when to sell.</p><p><br /></p><p>I have found that some people in the business dwell on making a profit on each individual coin. In a rising market, this works since a poor buy will eventually rise to market. But these are usually pawn shops and small dealers.</p><p><br /></p><p>Those who rely on income from sales are always facing a tension between two valid business concepts that are sometimes at odds. "Buy Low - Sell High" and "Turnover Produces Income."</p><p><br /></p><p>Once again, in a rising market, there is a cushion for a poor buying decision as the market rises. </p><p><br /></p><p>But in a falling market, sitting on poor buys produces ever increasing dead weight inventory leading to poor sales and income.</p><p><br /></p><p>A sustainable business model is to turn the dead weight into cash (even at a loss), make better buying decisions, and keep the inventory full of inventory that will sell. Thus maximizing revenue (and hopefully net income.)</p><p><br /></p><p>Now I cannot speak for the market for Indian Cents, but the Early Date Large Cents seem to have fallen about 20% in the last decade judging on sales prices of coins sold more than once at different times.</p><p><br /></p><p>It has reverse the long standing trend of ever higher prices for this series, particularly the middle and higher grades.</p><p><br /></p><p>I suspect the number of coins available has more to do with the need for revenue than supply and demand (market) price trends.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 7490789, member: 21705"]I'll address only the general question about when to sell. I have found that some people in the business dwell on making a profit on each individual coin. In a rising market, this works since a poor buy will eventually rise to market. But these are usually pawn shops and small dealers. Those who rely on income from sales are always facing a tension between two valid business concepts that are sometimes at odds. "Buy Low - Sell High" and "Turnover Produces Income." Once again, in a rising market, there is a cushion for a poor buying decision as the market rises. But in a falling market, sitting on poor buys produces ever increasing dead weight inventory leading to poor sales and income. A sustainable business model is to turn the dead weight into cash (even at a loss), make better buying decisions, and keep the inventory full of inventory that will sell. Thus maximizing revenue (and hopefully net income.) Now I cannot speak for the market for Indian Cents, but the Early Date Large Cents seem to have fallen about 20% in the last decade judging on sales prices of coins sold more than once at different times. It has reverse the long standing trend of ever higher prices for this series, particularly the middle and higher grades. I suspect the number of coins available has more to do with the need for revenue than supply and demand (market) price trends.[/QUOTE]
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Is the market for Indian Head cents going up or down?
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