FUN hits speed bump
stonej
oly
> http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=...
My perspective would be similar to Steve Musil's comments; but if what
he posits comes to pass, bullion ought to do better than numismatics
from a financial angle.
oly
Mike Marotta
president of Heritage Auctions. "On a scale of 1 to 10, I expected a
6, was afraid of a 4, but I'd say it was (at least a 7 ½ or even) a
solid 8."
Maybe he should crack it out and send in again.
Why do we not hear from all the buyers, large and small, who were
thrilled at the low prices and willing dealers?
We all want the impossible: We want coins (and all the dusty corners
of numismatic collectibles) to be cheap enough for us to buy our fill
but then to rise in price so that we can sell to others at a profit --
or at least to enjoy the feeling of an inventory appreciating in
value.
But this is, at root, a collecting hobby, not fast foods or instant
oil changes. In other words, our markets do not depend on the sales
of consumables. All the coins (banknotes, medals, etc.) in the world
still exist and are being well cared for by numismatists who pursue
them.
With Bernard Madoff in the news, it is a cliche to say "Ponzi scheme"
but that is what it would take, bringing everyone on Earth into
numismatics one new buyer at a time in a century long crescendo of
selling ... and then, in 2019 ... the FUN Show would be a
disappointment.
Mike M.
Michael E. Marotta
"I mean, they did call it _Bear_ Stearns. What would you expect?"
Mr. Jaggers
> http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6038
Those interested can watch the Rohan and Imhof show here:
http://coins.ha.com/common/video.php?src=Rohan-011209&ic=rightcolumn-funcom-011309
It runs about 10 minutes. I leave it to the viewers to decide what, if any,
substance there is in it.
James
stonej
president of Heritage Auctions. "On a scale of 1 to 10, I expected a
6, was afraid of a 4, but I'd say it was (at least a 7 ½ or even) a
solid 8."
I heard that a large number of lots in the Heritage auction did not
sell or went for disappointing prices.
It is not surprising if the president of the company puts a positive
spin on things, saying things did not go
well is not the way to build confidence in people using your company
to sell coins.
Steve
"stonej" <sto...@mail.lib.msu.edu> wrote in message
news:9507294d-7824-4236...@t39g2000prh.googlegroups.com...
For those who prefer facts, Heritage archives their auction results. One has
to register but it's free.
Steve
Nick Knight
01/18/2009
>>"I really did expect to see weaker prices for coins," said Greg Rohan,
>>president of Heritage Auctions. "On a scale of 1 to 10, I expected a 6, was
>>afraid of a 4, but I'd say it was (at least a 7 ½ or even) a solid 8."
>It is not surprising if the president of the company puts a positive spin
>on things, saying things did not go
>well is not the way to build confidence in people using your company to
>sell coins.
That was my thinking when I read the original article.
From my personal perspective, for whatever it's worth, it seemed like every
dealer I approached at FUN was offering to discount the marked prices before
I even glanced at anything. I haven't had that kind of an almost-universal
experience before.
Nick
Frank Provasek
> stonej wrote:
> >http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=...
>
> Those interested can watch the Rohan and Imhof show here:
>
>
> It runs about 10 minutes. I leave it to the viewers to decide what, if any,
> substance there is in it.
>
> James
What grim faces and body language. David Hall has one where he keeps
looking down and wringing his hands...
http://www.pcgs.com/articles/article_view.chtml?artid=5519
----
Frank Provasek Rare Coins
http://www.frankcoins.com Ebay FRANKCOINS
Member ANA, Texas Numismatic Assoc, Texas Coin Dealers Assoc,
PCGS, NGC, & ANACS authorized dealer, Texas Auctioneer Lic 11259
Mr. Jaggers
> On Jan 16, 7:52 am, "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote:
>> stonej wrote:
>>> http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=...
>>
>> Those interested can watch the Rohan and Imhof show here:
>>
>> http://coins.ha.com/common/video.php?src=Rohan-011209&ic=rightcolumn-...
>>
>> It runs about 10 minutes. I leave it to the viewers to decide what,
>> if any, substance there is in it.
>>
>> James
>
> What grim faces and body language. David Hall has one where he keeps
> looking down and wringing his hands...
>
> http://www.pcgs.com/articles/article_view.chtml?artid=5519
It's safe to say that very few people have a professional stage or
camera-ready demeanor, so I'm tempted to forgive him for that. We're so
used to slick media packages that this certainly is amateurish by
comparison. It reminds me of a radio program my fourth-grade class taped at
a local studio way back when.
James
'Pa, Pa, listen, Jimmy's on the radio'
Mr. Jaggers
I get regular emails from J.J. Teaparty touting their newps. I just got one
earlier today, in which Gail and Liz fess up to a softer market, along with
a notice that their prices have all been reduced in price. I did check a
couple of them that I remembered from the last time I looked at their
inventory, and they were indeed lower by about 10%.
James