is collecting slowing or still GFC hanging arond

ausjack · March 08, 2014, 08:19:33 AM

Ok I've been sussin feebay for quite some time now and just wondering if others think collecting is slowing down a bit or is the GFC still having an effect

Oh that's right there was no GFC if you listen to the libs so what am I going on about, all is good and that's why they have to attack DSP and put Dr visits up, yep every thing is just fine and dandy :laugh2:

Sorry I just have to have a dig at the libs as I hate those bastards and what they've done to me and Australia and to think I was willing to give my life for it, yep I've been a fool many a time

Pedro · March 08, 2014, 08:45:59 AM

From the things I look at on Ebay there has been a distinct slowdown in January and February AJ. Higher proportion at Buy It Now prices rather than auction too.

Pedro

ausjack · March 08, 2014, 09:30:08 AM

Yeah and also noticed it with houses around here Pedro as when things get bad people think they get more at auction and ATM nearly every house for sale is up for auction. Yep and the ones that do have Buy It Now are putting on Or Nearest Offer as well so to me all these little things say a lot.

nealeffendi · March 08, 2014, 05:05:33 PM

The GFC never really ended, QE to infinity, deficit spending and other shenanigans have kicked the can of cleaning up the mess until later. Relevant to collecting as when the dunghill does break and the economy goes into recession (scratch that) DEPRESSION there will be many fine collections coming onto the market as people need to raise funds. Prices may be well below current levels as many existing collectors won't have their current cash flow to support their hobby and "investors" will have been burnt by things like the Rare Coin Company going bust so they won't pick up the choice stuff like they did a few years back for their SMSF.

dreamcatcher · March 09, 2014, 12:29:51 AM

The market for coins and notes is absolutely weakening. Prices have been declining sharply in my opinion. I think I read recently a story about the 1000 pound note in this years Roxbury's auction. Sold in 2008 for $890,000 and had an estimate of only $250,000. It didn't even sell.

Very few people are brave enough to put stuff on ebay as an auction with a low starting bid. Most stuff is now buy it now perhaps with a or best offer. However it should be noted that this change at least partly due to the change in ebay rules allowing sellers a certain number of free listings each month.

Hopefully things don't slow too much.

Pedro · March 09, 2014, 07:52:44 AM

As far as RAM mint sets go, with the volume of items on offer being down buyers are taking up Buy It Now deals so average prices for the last couple of months have picked up. Hasn't happened across the board - some sets like the 2003 have been "torched" a bit.

Pedro

trout · March 09, 2014, 08:50:11 AM

I would have thought that the GFC would encourage investors to speculate in something tangible instead of the "Smoke and Mirrors" companies and institutions that will be the first to collapse if all went bad :ok:

ausjack · March 09, 2014, 08:59:11 AM

I think that's what a lot of us thought Jim, I'll be on the train if I get some money behind as I like it in my hand and not on a bit of paper that anything can happen to as we have seen many times in the past and even the banks can go belly up, no offence Belly :winkextra:

trout · March 09, 2014, 09:15:44 AM

Quote from: 'ausjack' pid='43418' dateline='1394317751'I think that's what a lot of us thought Jim, I'll be on the train if I get some money behind as I like it in my hand and not on a bit of paper that anything can happen to as we have seen many times in the past and even the banks can go belly up, no offence Belly :winkextra:

Frankly I have NO faith in the superannuation companies, especially now that the Government is eying off the 3 trillion dollars of our saved up super funds.
Over the past few years I have been "Squirrelling away" reasonably valuable coins as a hedge for my retirement, these form NO part of my collections, they are purely an investment .
I have recently started to get these graded to aid that purpose .
All the rest of my coins form my collections and I would have to be in a horrible state of affairs to have to sell those.

ausjack · March 09, 2014, 09:26:08 AM

Mate I ain't goin there about super but boy do I hear ya loud and clear..my super or what's left wouldn't even buy a new secondhand car

keldaw · March 09, 2014, 09:32:16 AM

I lost $ 47000.00 by giving my money over to a super company when I retired , then they had the cheek to charge me $ 2000.00 for early withdrawal fees when I drew out what I had left ..

,, kel ,,

trout · March 09, 2014, 09:37:26 AM

Quote from: 'keldaw' pid='43429' dateline='1394319736'I lost $ 47000.00 by giving my money over to a super company when I retired , then they had the cheek to charge me $ 2000.00 for early withdrawal fees when I drew out what I had left ..

,, kel ,,

Just imagine how many Gold Sovereigns you could have bought back then with 47k .
You could be selling these now without having to pay taxes or bank/fund charges. :whistle2:

stevo1962 · March 09, 2014, 09:39:32 AM

Quote from: 'trout' pid='43421' dateline='1394318744'
Quote from: 'ausjack' pid='43418' dateline='1394317751'I think that's what a lot of us thought Jim, I'll be on the train if I get some money behind as I like it in my hand and not on a bit of paper that anything can happen to as we have seen many times in the past and even the banks can go belly up, no offence Belly :winkextra:

Frankly I have NO faith in the superannuation companies, especially now that the Government is eying off the 3 trillion dollars of our saved up super funds.
Over the past few years I have been "Squirrelling away" reasonably valuable coins as a hedge for my retirement, these form NO part of my collections, they are purely an investment .
I have recently started to get these graded to aid that purpose .
All the rest of my coins form my collections and I would have to be in a horrible state of affairs to have to sell those.

I'm with you on this one Jim hence the reason I have started sending my best coins away for slabbing and when they're all done I can go back to buying the best coins I can afford and sending them over for slabbing as well.I should have a nice collection in 10 years and hopefully the prices will have bounced back by then

Fulvio · March 09, 2014, 11:17:54 AM

Quote from: 'ausjack' pid='43427' dateline='1394319368'Mate I ain't goin there about super but boy do I hear ya loud and clear..my super or what's left wouldn't even buy a new secondhand car

Hehe... I just got another contribution reminder for mine yesterday actually. Haven't paid a penny into it in like 20 years now, since working out it was all going into fees anyway, and that I no longer had to cough up. So I've got a princely sum just sitting there, which ought to buy me a couple of sangers and maybe a pot once I'm allowed to touch it.

Super was such a con from the outset.

Basil · March 09, 2014, 03:14:23 PM

Quote from: 'ausjack' pid='43338' dateline='1394228973'Ok I've been sussin feebay for quite some time now and just wondering if others think collecting is slowing down a bit..

Always a bit slow this time of the year AJ,Feb/March and even Jan. can be a bad time to be selling on Ebay,good time to be buying and then selling Aug.-Oct. when the Tax Refunds start appearing and before the Xmas rush.After saying that you never know whats around the corner with Ebay,real volatile enviroment once the Football seasons start.