Message:

<p>[QUOTE=&quot;TypeCoin971793, post: 4038896, member: 78244&quot;]This is exactly what is happening. There will always be buyers for coins in the low end (&lt;$500) and the high end (&gt;$10,000). Dealers are having a tough time selling coins in the $500-10,000 price range to collectors, though some exceptions exist (mainly early US type and varieties, key dates). The prices are too high for the majority of collectors who are interested in the coins, and these coins are usually not targeted by those who operate in the highest strata. Dealers have told me that the majority of people who are interested in these coins want them at a steep discount to resell (usually to either help pay bills or provide funds to be able to afford the coins they want).</p><p><br /></p><p>If I was still an active dealer, I would avoid these coins like the plague. Very few people are looking for a generic MS-64 1864 three cent or MS-65 1877 Half Dollar (for example). These coins take forever to move at retail prices (unless they have great eye appeal), and large amounts of money are tied up. I wonder what percentage of buyers for these coins on Heritage or Great Collections are collectors or if they are mostly dealers.</p><p><br /></p><p>With the number of collectors having to stretch to afford the coins they want, raw and “details” coins are nearly impossible to sell at reasonable prices. Ebay (auction, not BIN as much) is a ready market for damaged stuff though.</p><p><br /></p><p>This isn’t sustainable, and we are due for a major correction.</p><p><br /></p><p><br /></p><p><br /></p><p>Other dynamics that will shape the future of the coin market are the student loan crisis and the cultural shift from buying “things” to buying “experiences.” An increasing number of millennials are pursuing a more “minimalist” lifestyle when it comes to stuff and housing. I’m somewhat in the same boat, but coins will always be with me.[/QUOTE]</p><p><br /></p>

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