US Coin Market Stagnant

Discussion in 'US Coins Forum' started by Derek2200, Nov 8, 2019.

  1. Derek2200

    Derek2200 Active Member

    Since bids not moving up in sheet don’t you feel the market stagnant? Then they try to put stickers on coins and say worth more lol. I think a lot of them will go bankrupt.
    Gallienus likes this.
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. micbraun

    micbraun coindiccted

    Please define “they” and “them”...
  4. johnmilton

    johnmilton Well-Known Member

    The market for U.S. coins has been stagnant or driving lower for several years. There are exceptions for some "trophy coins" in the major auctions, but things are quiet for the most part.

    After being an avid collector of U.S. coins for many years, I'm mostly out of the market. The CAC craze has pretty ended my interest in U.S. coins. There are too many collectors who won’t buy anything unless it has the sticker, and I resent having to kowtow to one man to find out which coins should be in my collection.

    There is now an entire Graysheet that dedicated to CAC approved coins. It seems that if your coins are not graded by PCGS and approved by CAC, you don’t have much in the opinion of many.
  5. micbraun

    micbraun coindiccted

    I just ignore the PCGS/CAC fanboys and continue working on my NGC registry sets. I’d still buy a nice PCGS coin of course :-D
    Stevearino, mdwoods, GeorgeM and 8 others like this.
  6. ldhair

    ldhair Clean Supporter

    For the most part prices have gone down. Maybe the market will grow stronger again but I'm not holding my breath. I'm not worried about it. Could be a good time to buy some series.
    Didn't get in this hobby thinking I would make money at it.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Stagnant to declining.
    Gallienus and Derek2200 like this.
  8. CircCam

    CircCam Victory

    The market is soft overall but I think it’s an exciting time to collect.
    Stevearino, onecenter and Derek2200 like this.
  9. CircCam

    CircCam Victory

    For what it’s worth, the material you share on here are the sort of coins I think of when I hear “great coins will bring premiums with or without a CAC sticker.”
  10. Phil Ham

    Phil Ham Hamster

    What does it say when we're in a 10-year boom period and coin prices are falling? It is a bad sign for our hobby.
    GeorgeM and Derek2200 like this.
  11. Derek2200

    Derek2200 Active Member

    I don’t see how a coin bc of sticker sb worth substantially more. The bids just are not going up enough to give that a solid foundation. I think eventually they bankrupt. Further more I find many of the CAC fanatics won’t pay that money anyway unless some esoteric expensive coin which only the wealthy can afford. It reminds me of the 50d 5c roll craze which eventually collapsed.

    just buy nice coins that fit your budget / collectible area of interest priced reasonably vs Krause, CW Trends, TPG price.
  12. GDJMSP

    GDJMSP Numismatist Moderator

    Stagnant ? I'd hardly say the market is stagnant. Stagnant means staying the same, but the US coin market isn't staying the same - it's still dropping ! Just like it has been for over 11 years now.


    Currently, that graph above is very close to where it was in 2002. That's the lowest it's been in 17 years. And it aint showing any signs of slowing down.
    Last edited: Nov 10, 2019
  13. Derek2200

    Derek2200 Active Member

    Absolute agree the graph says it all.
    Gallienus likes this.
  14. micbraun

    micbraun coindiccted

    I’d ask the mods to change the title accordingly. “Stagnant” is misleading... also tell us who’s going to go bankrupt and why.
    Stevearino likes this.
  15. Derek2200

    Derek2200 Active Member

    Misleading vs what? Perhaps I was too diplomatic lol.
    Last edited: Nov 9, 2019
  16. Derek2200

    Derek2200 Active Member

    so what would u call it then? Bids in sheet stagnant for months to south of steady (diplomatically putting it) or worse.

    no answer necessary graph says it all. If that represented a stock would you invest in it?

    what I wonder is how much lower will it go
    Last edited: Nov 9, 2019
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Can you show that chart over a longer time period ?

    I think we have to take into account that large numbers of coins got purchased at FAT PREMIUMS to underlying PM value and it takes YEARS (decades, even !) to burn off the excess. To an extent, that's what might be happening with the underlying coins in that index you cite, and I bet that generic common Saints are included in that (we've burned off 2 bubbles in Saints in the last 30 years).
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Worse maybe considering PM prices are up recently...but they ARE DOWN from 2011-12 and we've had 2 bubbles in gold coins in 30 years.
  19. mullah

    mullah Member

    After the pm burst and hip died down I feel like its been in a decline. probably around 2014 when I noticed some softness. Has continued since then.
    Derek2200 likes this.
  20. Derek2200

    Derek2200 Active Member

    Commems definitely have declined since 2015. Walkers, Dollars, and Commems took hits in the sheet this year with Buffalo 5c recently.

    Commems down 23 pct since 2016 (Pcgs Commem index). Many cheaper than 25 yr ago.

    I think common USGTC have come down to realistic levels. Before always thought they over priced vs world gold.
    Last edited: Nov 9, 2019
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    What kind of commemoratives, Derek ?
Draft saved Draft deleted

Share This Page