Lack of inventory

Discussion in 'Coin Chat' started by Dimedude2, Jun 20, 2021.

  1. Dimedude2

    Dimedude2 Member

    I was at a show yesterday, and from several dealers they are experiencing the following:
    1. Lack of inventory
    2. The market is starting to upswing
    3. Coin prices for various series are increasing, possibly due to lack of inventory.

    I was looking at Bust Halves which my wife and I starting to have a fondness for, and for nice XF AU grade specimens they are going around 100 to 150 above gray sheet. Years ago, I would be purchasing these near or just above gray sheet

    any of you experiencing this?
     
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  3. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    Sounds similar to what's happening across the economy.
     
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    Same story I’ve heard several times.
     
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  5. longshot

    longshot Enthusiast Supporter

    Yes, a dealer I make it to once in a while has basically nothing in older classic coinage. He says collectors just keep him cleaned out, and not much coming in. Looks like he is mostly doing bullion.
    Prices for nice seated and especially bust material are up significantly on Ebay. I'm doing some bidding there but not winning much.
     
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  6. Mr.Q

    Mr.Q Well-Known Member

    Things are getting somewhat back to normal, soon the bubble has to pop, in my opinion. I'm not holding my breath though...
     
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  7. Heavymetal

    Heavymetal Supporter! Supporter

    I think my collection is more extensive than most of the local dealers now
     
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  8. yakpoo

    yakpoo Member

    I'm not sure how, but I'll bet Climate Change has something to do with it.
     
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  9. I have done wrong in the past when up grading some coins. A coin that went coin for $100 a few years ago is now $1000. A 1977 IH that you have too look hard to tell what it is, not even AG is selling for $500 or more. WHAT IS GOING ON?
     
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  10. ldhair

    ldhair Clean Supporter

    Don't sound right. You might want to check your figures.
     
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  11. I might sound right too you but i still kick myself for not buying back then. As far as the IH77 go to EBAD and query .
     
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  12. CamaroDMD

    CamaroDMD [Insert Clever Title] Supporter

    I can’t think of any coin that was $100 a few years ago that sells for $1000 now. Yes prices have gone up…but not 10x.
     
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  13. yakpoo

    yakpoo Member

    [​IMG]
     
  14. OldSilverDollar

    OldSilverDollar +_+ Supporter

    Seen the 1921 peace dollar ms66 jumped from 6K to 20K+ in one month in the PCGS price guide that's incredible.
     
  15. CamaroDMD

    CamaroDMD [Insert Clever Title] Supporter

    I wouldn’t call cryptocurrency a coin…but it has gone up more than that.
     
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  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    It might be called Bitcoin but it’s not a coin to me.
     
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  17. Vertigo

    Vertigo Did someone say bust?

    Yep I am a bust half collector. Not only are people asking way over grey but they are getting it. I mark coins up on ebay because most coin sell on an offer of a lower amount. Recently I had 2 sell out straight. One was an xf45 1830 I had it 150 over grey and it sold. The buyer placed the bid at the very end. I didn't even think I could get that much. Never even had anyone offer me on it. But if you look at what else is out there, a lot are marked up.
     
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  18. yakpoo

    yakpoo Member

    According to the IRS, it's not a currency; it's an asset (like gold) and taxed as such.
     
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    As it should be.
     
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  20. yakpoo

    yakpoo Member

    The proposed new IRS auditors will likely focus on all the Crypto transactions that realized a gain, but not declared as income. :eek:
     
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  21. manny9655

    manny9655 Well-Known Member

    At the last show I attended, last weekend, silver dollars of all types had increased quite a bit, even culls. I saw common circulated Morgans going for about $35 to $40 a pop. Dollars are hot right now. One dealer told me that people are buying because they're afraid of how the economy seems to be going.
     
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