Pre decimal value - where is it heading?

[serial]

How about the bull dust estimate. No way 80% of the coins will sell that low. Heaps are already over estimate.

[wwwww]

Noble's slab photos are in my experience a pretty reasonable indication of the coin. Their raw coin photos however don't show the natural lustre well and enhance details by reflecting light directly into the lens. They can't do this with slab photos as you get glare though Heritage somehow manages (probably an axial technique with an anti-glare filter).

That penny looks like it was net graded for that staining (verdigris?) on the obverse, it's got AU details, sharp 8 pearls.

[trout]

I would think that the advent of Graded and slabbed coins  did improve the market value of coins especially in higher grades and the scarcer types because of the reliability factor associated with NGC/PCGS as opposed to the raw coin market which was and still  is rife with overgraded, cleaned and counterfeits ( This is NOT a new thing invented recently by the Chinese BTW) .
As the number of graded coins in our collections  increase ( regardless of grade ) the demand for them will eventually level out after the initial "Flush" of collectors seeking genuine and honestly graded coins for their collections have fulfilled that need.
From what I can ascertain the coin market is alive and well But it is going through a period of adjustment and the prices are simply returning to reality because of the increased population of these graded  coins that is now available in the market and this has reduced the competition for them.
As far as I can see the RAW coin market IS facing a bit of a slump but I think that this is primarily due to many of these raw coins being priced at the same values as the NGC/PCGS graded coins and as collectors no longer have to accept the often inflated  opinion/grade given to a coin by a seller/dealer the prices achieved for raw coin sales will adjust accordingly I would think .

[nealeffendi]

I would think that the advent of Graded and slabbed coins  did improve the market value of coins especially in higher grades and the scarcer types because of the reliability factor associated with NGC/PCGS as opposed to the raw coin market which was and still  is rife with overgraded, cleaned and counterfeits ( This is NOT a new thing invented recently by the Chinese BTW) .
As the number of graded coins in our collections  increase ( regardless of grade ) the demand for them will eventually level out after the initial "Flush" of collectors seeking genuine and honestly graded coins for their collections have fulfilled that need.
From what I can ascertain the coin market is alive and well But it is going through a period of adjustment and the prices are simply returning to reality because of the increased population of these graded  coins that is now available in the market and this has reduced the competition for them.
As far as I can see the RAW coin market IS facing a bit of a slump but I think that this is primarily due to many of these raw coins being priced at the same values as the NGC/PCGS graded coins and as collectors no longer have to accept the often inflated  opinion/grade given to a coin by a seller/dealer the prices achieved for raw coin sales will adjust accordingly I would think .

How can there ever really be an initial "Flush" that is fulfilled? Collecting is an itch that is never satisfied.
I'm probably like most serious collectors who now collect slabs. Initially I was happy buying nice grade coins and filled many slots (my 29 slot PCGS Commonwealth Silver set is now 2/3rds filled) but just because those slots are filled doesn't mean that I no longer need to buy slabs for those slots. Instead I now buy more coins for those slots to have comparison coins (such as the same date but in different grades) and also upgraders. I'll even buy the same date in the same grade and I'm sure that somebody:angel: would understand the pleasure I get from having 3 Canberra florins all in MS64 and contrasting them for colour, diecracks, steps and surfaces (that florin I got last month is the least attractive with black toning but has near perfect steps).
I would agree that prices have adjusted. I would have never thought that I could get a 1954 Commemorative florin in MS65 at a B.I.N of $275 this week when I paid near that for a MS64+ just 2 years ago. Then again there were no MS66 2 years ago (4 now) and I had the only 64+ (5 now) so the supply/demand factors come into play when another 10 in MS65 were also added to the pool.

[trout]

How can there ever really be an initial "Flush" that is fulfilled? Collecting is an itch that is never satisfied.

Not all collectors feel the need to have more than one example of each coin, so when that gap in the collection is filled that is the end of it.

[ausproofs]

How can there ever really be an initial "Flush" that is fulfilled? Collecting is an itch that is never satisfied.

Not all collectors feel the need to have more than one example of each coin, so when that gap in the collection is filled that is the end of it.

I have plenty of duplicates. Only time they go elsewhere is when I am itching to get something nicer but bit strap for funds... :angel:

[trout]

Funnily enough I have the odd extra coin or two for certain types as well, But the majority of your average collectors will normally just have the one example of each coin or is in the process of achieving that goal.

[r9453]

I have some duplicates through a combination of bad planning on my part, buying coins I already have and also multi-coin lots at auctions where to get one or two desirable coins I end up with a few ring-ins. I'm not sure if I'm an average collector, I have about 150 slabs plus 5 or 6 duplicates (all pre-decimals as per the OP). I also have 25 coins stuck at PCGS for over two months.

[trout]

I also have 25 coins stuck at PCGS for over two months.
 
Two Bob.

I don't think that you are an orphan there Mate :angel:
Don't get me wrong here, I have nothing against slabbed coins as long as they come from Top tier grading companies and not some backyard slabber.
After my initial feelings of distrust and distaste regarding these graded coins from PCGS/NGC I have since fully embraced the concept because I realised that these slabbed coins are a far safer option of acquiring a coin in any given grade and they gave me an assurance that they ARE in fact problem free and are also the genuine article .
This cannot be said about many of my Raw coins that I have bought in the past and that includes some of them that I have sourced from reputable Dealers.

What I am saying is that as the population of graded coins continues to grow in Australia the opportunities to acquire any given coin will increase as will also the competition between sellers/dealers to get your business .
This can only lead to a more rationalised level of prices for coins.

As for all those "Raw" coins on the market that are priced at the same rate as a graded coin  then there can only be a downward trend as many collectors now think that If the coin is as good as this particular seller says it is then Why hasn't it been slabbed ??

The market for Pre decimal coins has been pretty quiet for a while now and maybe that is because the new collectors joining the hobby are used to seeing/handling  decimal coins and that they are a far cheaper option to collect than the pre decimal stuff.
The Decimal coin market appears to quite buoyant at the moment and has grown quite a lot over the last decade or so.

[autocoupler]

Just have the one slabber at the moment he he, well technically three if I include a 1918 penny that was freed from a slab due to verdigris, as well as  a 1981 2 cent no sd evicted from it's slab just because I could. I must say though, there was absolutely nothing wrong with the APCGS coin, I just preferred to view and store my coins in 2X2's or saflips at the time. Anyhow, I will generally have only one example of each date in the raw, but this is not to say I'm not open to multiple numbers for any particular date whether slabbed or raw, the main criteria being the level of upgrade versus cost.

I'm realistic  enough to understand that my pockets will never allow me to achieve top of the pops among the rarer items, and to be perfectly honest I get more satisfaction from a scarce raw variety coin in high grade that was lifted from the pond. The thrill of the hunt is definitely the attraction for me.

[trout]

I also have 25 coins stuck at PCGS for over two months.

When were your coins received by PCGS ??

[r9453]

I also have 25 coins stuck at PCGS for over two months.

When were your coins received by PCGS ??

I'm not sure of the exact date, I submitted through a local dealer who received them on 22/04/2016 and forwarded them to PCGS on 12/05/2016. I got an update on 12/06/2016 "just playing the waiting game now".

[stevo1962]

I also have 25 coins stuck at PCGS for over two months.

When were your coins received by PCGS ??

I'm not sure of the exact date, I submitted through a local dealer who received them on 22/04/2016 and forwarded them to PCGS on 12/05/2016. I got an update on 12/06/2016 "just playing the waiting game now".

I think you'll be lucky if you see your coins by the end of August .My last lot left my hands on the 11th January and I only received the results on 7th June but still dont have them back yet so I hope yours are quicker than that

[trout]

I think you'll be lucky if you see your coins by the end of August .My last lot left my hands on the 11th January and I only received the results on 7th June but still dont have them back yet so I hope yours are quicker than that

If the coins don't get snagged up in Customs I normally get mine back within a week to 10 days from PCGS, The last lot only took 6 days.
What is your USPS tracking number that PCGS supplies you with telling you ??

[stevo1962]

I think you'll be lucky if you see your coins by the end of August .My last lot left my hands on the 11th January and I only received the results on 7th June but still dont have them back yet so I hope yours are quicker than that

If the coins don't get snagged up in Customs I normally get mine back within a week to 10 days from PCGS, The last lot only took 6 days.
What is your USPS tracking number that PCGS supplies you with telling you ??

Sent through a third party so will never know