Surprisingly, all of the current global turmoil is not derailing the coin market,,, not in the least. This speaks volumes about the underlying strength of the market. At the very core is a lot of money chasing rare coins, along with an an extremely enthusiastic collector base. It seems that every time that we go to replace a coin, we end paying more than we just sold the last one for-a true sign of a bull market. Collectors on a disconnect thinking that they can still buy coins at, or near, Greysheet wholesale prices, are finding themselves getting shut out of the market. The same holds true for potential eBay buyers anxious to tender their aggressive offers. This is truly a seller-driven market; if you own coins, you are in the driver’s seat. Active precious metals markets have undoubtedly lent strength to the numismatic side. But honestly, it’s not just coins that are experiencing a renaissance. Everything from antiques, art, fine wines, firearms and even used cars are red-hot. There is a LOT of money chasing a lot of different things, with no end in sight. Despite the current fervor, we try not to get too far ahead of ourselves. We have seen robust markets before, and history teaches us, that they can end on a dime. The fact that all signs point to a sustaining market can be misleading, something we always keep in the back of our minds. For the time being, as the old saying goes, we will make hey while the sun is shining.
https://www.reedededge.com/wp-content/uploads/2017/09/banner.png 0 0 Rob Lehmann https://www.reedededge.com/wp-content/uploads/2017/09/banner.png Rob Lehmann2022-03-10 15:29:472022-03-10 15:30:08COIN MARKET ON FIRE – DEALERS REPORTING THAT THERE AREN’T ENOUGH HOURS IN THE DAY!