Discussion in 'US Coins Forum' started by Mark Metzger, Sep 22, 2021.
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Folks had nothing else to do, or spend their money on the last year & a half.
So, they got back into collecting.
Affordable medium-graded gold or silver is attracting buyers. Myself, I like higher graded stuff but the newcomers are buying trophy items in medium grades (i.e., large denomination currency in circulated or mid-50's grades).
Wow...what specific stuff are we talking about there ?
So baseball cards, NFTs, rare coins, and RobinHood.
What can go wrong ?
We need reports that confirm that by bidding numbers and activity at HA and GC....show attendance at Big Shows, Regionals, and Local Shows....etc.
No doubt many dealers said 2020 was a banner year...revenues up....expenses (no travelling !) down....KA-CHING !!
Agreed, I want to sell!
Dealers are complaining about being wiped out of inventory at shows. That means the wholesale market has been crazy.
And it is pretty much normal and to be expected that after a long bear market, let alone the longest known, that once things start moving up the bandwagon effect kicks in. People are excited, exuberant, thrilled even that after so many years of losses the market is finally going in the direction they want it to go.
But as you can see in the graphs below -
- things are starting to level off just a bit. That is also to be expected. And it would be healthy, a good thing, if the market took a break for a little bit and just held its gains because radical movements in either direction are never good. Slow and steady movement is what is desired in market philosophy.
yup, slow & steady it the best.
What's D&C ?
Mint marks on old gold coins. Pretty specialized collection when you have a few of them
daholgna and charlotte where just gold coins were made (i believe)
That's what my ex used to tell me. (The rest of you keep your minds out of the gutter)
On the flip side though this gives dealers a chance to get rid of their junk coins to the uninformed collector.
This could have been caused by the lock downs because of covid but, I think it's only part of it. I think in the last few years many of the big time collectors decided to sell their collections and in doing so it put a lot of very high grade coins in the market. It's not that the average collector has thousands of dollars to spend on coins but, what it does is peaks their interest and they start to think about those coins and may want to acquire examples for themselves. They may not be able to buy the one graded MS 67 version but, possibly the MS 63 version.
Going through a recent issue of World Coin News and reading about some foreign coins that are going for some amazing prices. Some were from Brazil, others from China. I don't have the issue handy but estimates Vs results can be staggering at times. I don't follow most of the other stuff like trading cards so I can't speak to that.
In the past, you had to goto an LCS or a local or regional or national coin show.
Now you can check it out lickety-split from reputable auction firms (HA, GC) and better controls on sites like Ebay.
That's nothing new. Values for world coins have been climbing steadily for 18 years in a row now. The world coin market is way overdue for a correction, probably a major correction.
Depending on what we mean by "world coins" you could be talking about a very limited supply of particular coins which have well-heeled buyers. Hence the 18-year bull market and why they may not come down any time soon.
I don't know as I am not well-versed in that market.
That's just it, I'm not talking about just a few select coins. When I say world coins I mean non US coins. Coins from pretty much all other countries have been steadily increasing in value for 18 years. Granted I'm not including moderns in that, but gold, silver, copper, even billon - it's all been going up for 18 years. And by several factors, not just small increases. Increases have been between 300-1000% pretty much across the board.
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