Pre decimal value - where is it heading?

[drakesterling]

Looks like Universal Coins is flipping the Fenton coins they bought from Noble through their Oct auction. They have set minimum prices all higher than realised prices + BP from Noble.

Any purchases from Universal auction ?

No ausproof. I didn't bid on anything. As trout said, looks like a pretty poor result overall. Low clearance rate. I am only interested in florins lots. And over half passed in. Of the lots that did sell all were under $1k! None of the rarer early KGVs were sold.

I bid on 4 lots in Noble auction and were beaten by Universal in 3 (or may be 4). I can't see why I should now pay the winning bid at the Noble auction, plus their BP, and now Universal's BP plus some more. Considering that the Fenton auction was done by Universal through Noble.

As much as I like to own those, I am happy to save the money for some nice sovereigns. I am not obsessed with PCGS registry tbh. No such thing as a must have for me.

Logical if you ask me... good rational...there is always next time and prices are only going down...

I think if you are a very dedicated PCGS set registry collector, then you must go for a top pop coin when it comes on the market. I think you just open yourself up to overpaying or worse exploitation. Would I like that 1915 florin? Sure... but I am just as happy with a rare Victoria shield reverse sovereign.

I see a lot of dissatisfaction for example, when RAM puts out too many $1 coin for people to keep up. So I decided that I am not going to be held hostage like that by insisting on having one of everything. I only buy things I like and there are more things I like that I can buy anyway. Why be forced to buy things you don't?

Sorry for the rant and being off topic... but I was a bit put out by the fact that Universal was bid against me in Noble auction.

Yep, I've totally moved out of decimals too (except the few rarities, like the mule, wavy, incused, etc). I will be concentrating more on sovs, Commonwealth (which is cheap now), and world gold (which I like).

With Cotton and Co. slabbing so many coins, I'm better off buying them from him for less than the grading fee!

Eric

[trout]

With  the pre decimal prices being so depressed at the moment I think it is an excellent opportunity to grab those coins that were previously way out of our reach.
Pre decimals are a bit like Land, They stopped making them both a long time ago
With the mass marketing/grading  of decimals that is happening now the values of the graded coins are taking a pummelling due to the abundant supply now available to collectors.
This is a good thing and a bad thing.
It is good that as Eric states you can pick up the slabs now for less than the grading fees for many of the coins.
The bad thing is those graded coins you have bought over the years have now shed much of their value.  
I think that the pre decimal market will pick up eventually because there are only so many good coins to go around and most of the newer collectors will eventually expand their collections and start looking at the pre decimals at some stage.
Not too sure what the decimal market is going to do or what the future holds for them.

[Basil]

It is good that as Eric states you can pick up the slabs now for less than the grading fees for many of the coins.
The bad thing is those graded coins you have bought over the years have now shed much of their value.  
I think that the pre decimal market will pick up eventually because there are only so many good coins to go around and most of the newer collectors will eventually expand their collections and start looking at the pre decimals at some stage.
Not too sure what the decimal market is going to do or what the future holds for them.

OK,i'm Blue in the face,but i've been banging on about this for 10 years counting the Stamp Forums,surely there is a massive correction looming(and may have already started) for Slabbed Coins particulary Decimals.I think Pre.-Dec will be OK in the long run for reasons already stated but the days of trying to sell Decimals that are basically worth face for ridiculous $ all because they're in a Slab are coming to an end,IMO.

[trout]

I think there will always be a market for the top graded decimals at reasonable prices but the run of the mill stuff is and will continue to lose ground I would imagine.
I have a feeling that many collectors are now getting their own coins graded instead of relying solely on buying them pre graded and that is also having a downward effect on prices.

It's not all doom and gloom Guy's, At least We Mob  with short arms and long pockets can also afford  play the registry game as well now:):yahoo:

[Fulvio]

Keep in mind that there's a fairly major reset coming in the decimal world when Lizzy falls off the perch. Particularly if her successor is there for half a century or more, which is on the cards.

[nealeffendi]

Keep in mind that there's a fairly major reset coming in the decimal world when Lizzy falls off the perch. Particularly if her successor is there for half a century or more, which is on the cards.

Prince Charles is nearly 70, if the Queen keeps on for another few years then the only way her successor will be there for 50 years is if Prince William is the next king (perhaps Charles might step aside due to Camilla as most would not want her as queen, much like 1937).
Can't see that much of a reset in values, it isn't like when a painter dies and his works increase because the supply dries up. Most collectors already have nice QE2 stuff so the only demand might be a few of the general public after a memento of her reign.

[Fulvio]

Charles might step aside

And you think he won't? He's never really been into the whole king thing anyway, and Camilla just adds another reason to stay out of it.

Now, what happens once we rule a line under Liz? Well, gazing deeply into my crystal ball, I see an accelerated coin removal process, along the lines we're going to see with the banknotes. I also see a major overhaul to make coins cheaper, in line with what they did in NZ. A new monarch would be a great trigger for that I reckon.

And that's before we get into the whole Republic thing, the chances of which go up significantly after Liz leaves the scene.

Whatever happens, they're not making any new ones, whether they're predecimals or not.

[Goldseeker]

That'll teach ya Kel!

[trout]

Basil wrote

the days of trying to sell Decimals that are basically worth face for ridiculous $ all because they're in a Slab are coming to an end,IMO.

As the market is now pretty much flooded with PCGS decimal slabs and that collectors are becoming more aware that it isn't that difficult to have their own coins graded instead of simply relying on someone else doing it and paying the premium, There does appear to be a marked decline in the decimal graded coin prices achieved at auction.
I am only going on my personal observations of eBay and other auction results and I have noticed a steady decline in prices achieved over the last 6-12 Months, especially at the top end of the spectrum with the MS/PR70 graded coins.
At one stage there an Australian decimal that achieved a MS/PR70 pretty much had a guaranteed value of $300-$500 at auction, The same coins now are in the $100-$300 range.

[nealeffendi]

Basil wrote

the days of trying to sell Decimals that are basically worth face for ridiculous $ all because they're in a Slab are coming to an end,IMO.

As the market is now pretty much flooded with PCGS decimal slabs and that collectors are becoming more aware that it isn't that difficult to have their own coins graded instead of simply relying on someone else doing it and paying the premium, There does appear to be a marked decline in the decimal graded coin prices achieved at auction.
I am only going on my personal observations of eBay and other auction results and I have noticed a steady decline in prices achieved over the last 6-12 Months, especially at the top end of the spectrum with the MS/PR70 graded coins.
At one stage there an Australian decimal that achieved a MS/PR70 pretty much had a guaranteed value of $300-$500 at auction, The same coins now are in the $100-$300 range.

A year ago (maybe less) there were about as many PCGS decimals as pre decimals on fleabay, now there are over 3 times as many decimals. Why would you settle for a typical grade coin when the higher grades now sell for what a typical coin sold for when the supply was much lower. At this rate only MS71:to_pick_ones_nose_eat: decimals will be worth slabbing.

[trout]

I think you will find that the timing of the major influx of graded coins on the market will coincide nicely with the time that our Mr Cotton received his mass submission back from PCGS. :angel:

[stevo1962]

I think you will find that the timing of the major influx of graded coins on the market will coincide nicely with the time that our Mr Cotton received his mass submission back from PCGS. :angel:

I suggest that we could find out what he grades in bulk and steer clear of those coins.He prefers bulk submissions and obviously there are some coins that he cant get in bulk which to me would be the coins to target

[trout]

Just because Mr Cotton has a preference for bulk submissions doesn't mean that the individual coins have to be in bulk numbers, as long as there are enough coins in the submission it doesn't matter.
Lets face it , These bulk submissions have virtually destroyed the opportunity for small operators in the slabbing game to compete.
The Big operators get substantial breaks in the grading fees and shipping fees that the small operators don't have access to and as long as the big operators are making even only a small percentage in profit they will continue to make these mass submissions even though they know that they are flooding the market.

[autocoupler]

even though they know that they are flooding the market.

IMO this has always been the problem with paying silly amounts for slabbed decimals, there was always the potential for an oversupply of certain dates in high grade.

[keldaw]

That'll teach ya Kel!

you've lost me Bruce .