IMIS Posted June 14, 2014 Report Share Posted June 14, 2014 Where do you think the market for Russian coins will be heading later this year, given the external environment? Quote Link to comment Share on other sites More sharing options...
ScottO Posted June 15, 2014 Report Share Posted June 15, 2014 doesn't seem to be going anywhere yet, the silver still selling very well on ebay atm. Quote Link to comment Share on other sites More sharing options...
IMIS Posted June 17, 2014 Author Report Share Posted June 17, 2014 ok, I will put a stake in the ground. I give it a 70%+ chance that we will see a buyer's market (excluding super low and super high price segments) this fall on. Any thoughts? Quote Link to comment Share on other sites More sharing options...
kopeikin Posted June 17, 2014 Report Share Posted June 17, 2014 Theoretically due to "external environment" coin prices should go down. Collectible coins however do not tend to follow normal market trends as they are not an everyday necessity. Buyers will be less willing to pay high prices for collectible coins. Sellers however will hold to their coins till better times. There will be not many good coins to buy for cheap price. Quote Link to comment Share on other sites More sharing options...
IMIS Posted June 17, 2014 Author Report Share Posted June 17, 2014 Good to hear from you, Kopeikin. Overall, I agree with your thinking. Just a couple of comments. Collectible coins however do not tend to follow normal market trends as they are not an everyday necessity. Many luxury brands across various consumer categories were heavily discounted during 2009-2010. During that time period there were some sweet deals on really nice coins too. Sellers however will hold to their coins till better times. Collectors who have build their holdings over decades will do just that. I am not so sure about all sorts of profiteers who have been heating up the market lately by buying at one auction and reselling at the following auction. Some of these folks may have to sell. Quote Link to comment Share on other sites More sharing options...
alexbq2 Posted June 20, 2014 Report Share Posted June 20, 2014 Oil prices are going up. Quote Link to comment Share on other sites More sharing options...
extant4cell Posted June 23, 2014 Report Share Posted June 23, 2014 Sincona Russian coins auction always plays part in skyrocketting the prices... The last one in a series is this October... oil prices too... Quote Link to comment Share on other sites More sharing options...
alexbq2 Posted June 23, 2014 Report Share Posted June 23, 2014 Sincona Russian coins auction always plays part in skyrocketting the prices... The last one in a series is this October... oil prices too... Really? I thought there would be a 4th. Well, I'll need to save some money. Quote Link to comment Share on other sites More sharing options...
extant4cell Posted June 24, 2014 Report Share Posted June 24, 2014 May be I am mistaken, but I think the major Sincona Russian coin auctions are: Auction 2 (2011), Auction 7 (2012 - part 1), Auction 12 (2013 - part 3) and now Auction 19 (13-15 Oct 2014 - part 3). I didn't check with Sincona yet, but in Auction 7 this is what was said by Jurg Richer: "The unique "Sincona Collection" that encompasses about 9000 Russian silver and copper coins - the last of the great collections of the past and the greatest collection of Russian coins created in 20th centure - will be sold in three to four auction, each containing about 2000 lots..." I guess part 4 would be in order, but for some reason I thought this year was the last part... Why did I think that? I'll check with Vadim from Sincona, let's see what he has to say... Quote Link to comment Share on other sites More sharing options...
Candidate Posted June 24, 2014 Report Share Posted June 24, 2014 Vadim has already informed that there will be 4th part in October 2015, mentioning coins "from the last 4th part of the collection which will be auctioned in October 2015 ("... последней, четвертой части коллекции, которая пойдёт на аукцион в октябре 2015 года....") more than 2 months ago on one of the Russia's numismatic forums (link) Quote Link to comment Share on other sites More sharing options...
extant4cell Posted June 24, 2014 Report Share Posted June 24, 2014 Thank you. I didn't read that... Quote Link to comment Share on other sites More sharing options...
IMIS Posted September 11, 2014 Author Report Share Posted September 11, 2014 ok, first auction of the season has ended. Got to admit overall fairly strong, especially for simple shiny coins. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.