Was not fortunate at Santa Clara

[Count_Erfit]

Very "Chinese fire drillish". Some dlrs griping that the public wasn't SUPPOSED to be in til 12 noon. But no reason to keep em out. Not a lot of activity that I saw other than some diligent going thru foreign junk boxes.

 

Not bashful on pricing. Almost a "who cares if I sell it?" atmosphere.

 

Sort of a bad sign usually, but.....maybe......the market is ....hot.

 

Didn't feel the heat though.

 

Some VERY lucky slabs with polished early gold in PCGS and NGC holders with no idea how they got there. VERY bad coins. Rug rubbed.

 

Dumped some stuff to NCS, NGC, and ANACS to be put in plastic.

 

Bought nothing and just now electronically transferred the cash back to the money market.

 

A yawner in my case.

 

Maybe due to resistance to paying more than I think the next decade will justify.

 

?

[LucyBop]

Hmmmmm.....

 

 

sorry to hear that it wasn't better for you.....

[Count_Erfit]

Thanks. I may not have been as diligent as searching EVERYTHING....but this time out was looking for early gold and saw a jillion twenties.

And Morgans.

Also, many had not shown up yet. Probly Friday wudda been better.

 

oh well.

[EVillageProwler]

but this time out was looking for early gold and saw a jillion twenties

 

Next time you'll be looking for a specific Saint or late-date Lib, and all you'll see are early gold!

 

 

EVP

[Hoot]

Too bad for the ho-hum show. I know there's a small show in Salt Lake this weekend, but i ran into a few dealers attending that show and they weren't sop enthusiastic about selling, more about buying!

 

Hoot

[EVillageProwler]

they weren't so enthusiastic about selling, more about buying

 

Why is that? This is NOT a trick question, and I believe that we even discussed it in Portland.

 

Or, must I slap you upside your head the next time I see you and don't have one leg in the ditch?!?

 

EVP

[Hoot]

Slap me baby!

 

Hoot

[EVillageProwler]

PM sent. Slap included.

[thebeav]

Hi Guys,

All slapping aside....You know, it's thinking like the aformentioned (dealers looking to buy, as opposed to selling anything) that signals the end of bull markets. A little scary....At least, it always seemed that way to me...I'm really enjoying the current market conditions and I would hate to see it fold. What do you think about the present market longevity?

Paul

[Count_Erfit]

Would have to agree.....generally. ALL dlrs were asking me if I had something for sale. Overheard several I know griping about only wanting to BUY and the crowd wanted to buy also.

 

My OWN assessment is that the market is transfoming rapidly into a very dealer-unfriendly stage. The reason being eBay. I am a retired dealer and saw it progressing in my shop. Dealers are going to have a VERY hard time competing for the small minority who owns great coins but is ignorant of eBay.

I see collectors picking stuff from dlrs for their collections but not returning to the dealer to sell it when interest wanes or their direction changes. It is now far too easy to simply put it on eBay and snag yet another collector who is getting bored with his dealer's constantly dwindling supply of ...nice....stuff. Dealers will still do scrap and bullion, but I think the days of getting nice new coins may be coming to an end.

 

IOW.....middlemen are endangered in every business with the advent of the Internet.

[Elcontador]

I agree the material that interests me is too richly priced at this time (I have not bought anything in the last 5 or 6 months). I also agree that the focus seems to be on dealers trying to find nice material. However, I do not agree with your comments re E-Bay.

 

Yes, more coins are going to the large auction houses now. But I am one of those people who has no interest in E-Bay. Unless you are looking for inexpensive or generic coins, I don't think it is a good use of one's time to try and find material there.

 

Sure, everyone has a presence, but why not go to the source & skip the additional fees re E-Bay. I bought six coins last year; two were from a Heritage auction, one was from a Bowers auction, and the rest were from a dealer. I would have had a great amount of difficulty finding all but one of these coins on E-Bay.

[EVillageProwler]

Jeff,

 

I think you and Counter_Fit are both correct. It's a large market, with much going on. Overall, though, I think CF's comment accounts for more of the big picture than does yours.

 

EVP