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The biggest mystery in today's coin market.

Started by truthteller,

18 posts in this topic

truthteller

truthteller

Posted
Posted

Where the hec are all these coins going??????????? Every major convention, at least $20 million in coin auctions. Maybe $150 million a year. Now the Ford collection, possibly $100 million alone. Where do the coins go???

 

 

TRUTH

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Oldtrader3

Oldtrader3

Posted
Posted

There must be a larger coin collector, investor base than most would think. I do not think that the pit is bottomless but my worries about the summer ANA auctions proved unfounded (whew!).

 

The Ford Collection offers multiple examples of many coins that are very scarce to extremely rare. It may be the only available venue of sale for many coins in the collection for years to come.

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291fifth

291fifth

Posted
Posted

I have long suspected that a large portion of the very best material is going into collections being formed by very wealthy people who work thru just one major dealer. They never attend shows or auctions as they wish to remain unknown to the public.

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EVillageProwler

EVillageProwler

Posted
Posted

There must be a larger coin collector, investor base than most would think.

 

Across the street, I remember many times that Laura Sperber would try to point out to the membership that the collector base is far larger and far wealthier than they realize. Yet, those folks love to think that the collecting world begins and ends with those who are on the CU message boards. 27_laughing.gif

 

I honestly think that many of them don't realize that the bulk of the collectors, high-end as well as the modest ones, don't spend much time online.

 

EVP

 

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Leothelion

Leothelion

Posted
Posted
You mean, gulp, there's a world OUTSIDE the message boards? Can't be, say it ain't so. 893whatthe.gifforeheadslap.gif

 

 

TRUTH news.gif

 

I wanted to say in another thread that the number of people that have registry sets don't make a sliver compared to what's out there in the real world. 27_laughing.gif I didn't post it for I thought I would have been flamed for sure. news.gif27_laughing.gif

 

Leo

 

Now what thread could that have been? 893censored-thumb.gif

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cpm9ball

cpm9ball

Posted
Posted
Well, this thread started over a year ago. And the coins keep going somewhere!!!!

I think it's great.

 

 

 

Jerry

 

To the next auction! 27_laughing.gif

 

You've got that right, Tubby! For the filthy rich, it's probably no more than an investment vehicle. Buy a coin for 100G's and sell it 6 months later for 250G's. Short of loan sharking, where else can you make that kind of profit? Sure, one could play around with real estate but then there is all of the paperwork and public records that come into play.

 

Chris

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midwest

midwest

Posted
Posted
Short of loan sharking, where else can you make that kind of profit?

 

Government contracts...where a fifty cent light bulb can cost $10,000.00 and labor to install it $800.00

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HaydenTubbs

HaydenTubbs

Posted
Posted
Well, this thread started over a year ago. And the coins keep going somewhere!!!!

I think it's great.

 

 

 

Jerry

 

To the next auction! 27_laughing.gif

 

You've got that right, Tubby! For the filthy rich, it's probably no more than an investment vehicle. Buy a coin for 100G's and sell it 6 months later for 250G's. Short of loan sharking, where else can you make that kind of profit? Sure, one could play around with real estate but then there is all of the paperwork and public records that come into play.

 

Chris

 

Can't agree with you more Chris,unfortunately when you haven't even broken the 10k mark you are much of a player with the big(and very profitable) material.Maybe I should take up idependent contracting for the government! screwy.gif

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Oldtrader3

Oldtrader3

Posted
Posted

I do realize that when high grade, scarcer, high end appearance material hits the auction market, it draws super high bids very quickly. There is a venue for this material that seems inexhaustable with very deep pockets. I don't think most of us here are they?

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HaydenTubbs

HaydenTubbs

Posted
Posted
I do realize that when high grade, scarcer, high end appearance material hits the auction market, it draws super high bids very quickly. There is a venue for this material that seems inexhaustable with very deep pockets. I don't think most of us here are they?

 

Well Tradedollarnut does visit occasionally,but that's about it for these boards! 27_laughing.gif

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cpm9ball

cpm9ball

Posted
Posted
I do realize that when high grade, scarcer, high end appearance material hits the auction market, it draws super high bids very quickly. There is a venue for this material that seems inexhaustable with very deep pockets. I don't think most of us here are they?

 

OT3, let's hope that they don't horn in at our favorite watering holes. 75c, happy hour beer would probably go to $5. On second thought, it would probably be beneath them to be seen in our favorite places so we won't have to worry.

 

Lately, I've noticed some eBay sellers of SCD's and medals asking "pie in the sky" starting bids. I guess they must be hoping that Mr. Snootface will spot their listings. One, in particular, listed two French medals with a starting bid of $499 on each and a "Submit Best Offer". He accepted my offer of $39.99 on each one. It was a reasonable price for them, but I think he cut his own throat by starting them so high. He could have gotten more if it wasn't for his "everybody lives in Beverly Hills attitude".

 

Chris

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Oldtrader3

Oldtrader3

Posted
Posted

I can hardly wait to see Chambers selling NNC graded, MS65, 1893-S Morgans on the tube. I don't think that he can buy enough of those though for a promotion, unless they are EF or lower grades.

 

Chris: Buying those (starting bid $395.) French tokens for $40. is pretty funny.

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HaydenTubbs

HaydenTubbs

Posted
Posted
I do realize that when high grade, scarcer, high end appearance material hits the auction market, it draws super high bids very quickly. There is a venue for this material that seems inexhaustable with very deep pockets. I don't think most of us here are they?

 

OT3, let's hope that they don't horn in at our favorite watering holes. 75c, happy hour beer would probably go to $5. On second thought, it would probably be beneath them to be seen in our favorite places so we won't have to worry.

 

Lately, I've noticed some eBay sellers of SCD's and medals asking "pie in the sky" starting bids. I guess they must be hoping that Mr. Snootface will spot their listings. One, in particular, listed two French medals with a starting bid of $499 on each and a "Submit Best Offer". He accepted my offer of $39.99 on each one. It was a reasonable price for them, but I think he cut his own throat by starting them so high. He could have gotten more if it wasn't for his "everybody lives in Beverly Hills attitude".

 

Chris

 

I usally don't even bother to submit a best offer if the BIN is outrageous...In my opinion the sellers end up losing because of their greed.

 

Hayden

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