This forum is as tight as a fishes booty - Discuss

[Paul]

It has not been discussed directly, it has been hinted and quoted now many times in multiple threads on here now, but most folk on here are as "tight as a fishes booty"

Whilst not all of us here are not Scottish or from Yorkshire  

It is clear when you monitor the progress of the sales threads or should i say the none sales threads, what REALITY actually is in precious metals land

We seem to, as a collective talk up big releases we feel and how they will be good buys for the future, yet when they come up for resale nobody seems to want them at their inflated price

• Strikes of the day re-sales here not selling
• 2017 MS70  proofs, priced competitively compared to eBay, which we all seem to think will be worth lots and hold value in years to come, yet they are thread bumped multiple times with no sales
• Jesters 2005 sovereign, deep proof,  pop 1. which seems priced reasonably in my opinion yet not selling to anyone of our 2000+ member who all share a similar interest
• Super rare Rwanda limited issue 100 mintage coming for sale at high price with no takers
• Semi numismatic lunar series coins, we all say will be good potential investments for future,  frequently showing up for sale yet going unsold
• Common core bullion coins maples and eagles priced to sell at lower than dealer prices and no VAT - and still not selling

It is a little like do as i say not do as i do

It makes you think, is going out to get inflated new coins in the 'hope' they will be a hit in years to come

is it worth paying for grading, yet when graded coins come up for sale, here they don't sell as people are not prepared to pay the inflated price tag of grading

Words are words and talk is cheap in a forum - Are we seeing assuming reality, that is not really there ?

Reality is, this forum is what 'reality' is. This is the REAL market, what IS selling is market sentiment

This is your sales market if you are not looking to cash out via dealer who will most often not take into account rarity, grading etc. and just pay you 'bullion/spot' price

or via eBay which seems to do the opposite to this forum, which is weird in and of itself

We buy something to sell at some stage in future, with the hope of a profit.

As more sales threads grow here, if you follow them.  

We slowly get to see a picture of what sells and what doesn't sell.

Should it not be the case we follow what sells in the For Sale section to take guidance from this in how we plan our stacking plan ?

This rant and ramble is in no particular order or meant to make much sense or have purpose it is not singled at any one forum person, just me spewing my mind dropping in words form here

I just think it makes for a interesting discussion and gather peoples thoughts - I await your responses and thoughts guys and girls

 

 

[Shinus73]

Yes, we do appear to be tight! However, this forum is just one of the real markets.

eBay is another real market, where people appear willing to pay slightly more than most of us on this forum.

As long as the eBay market remains as it is, it's worth the occasional gamble on slightly higher premium stuff.

Grading run of the mill stuff for resale doesn't appear worth it to me, at least not yet, this may change. This is not the reason I've begun to grade some of my coins - with one or two exceptions.

[Scuzzle]

Speaking for myself only much of what used to be my discresionary silver spending money is now being diverted into cryptos instead, Been watching silver go up 30p one day then down 30p the next for a few years now and the increased volatility in the cryptosphere is far more rewarding.  If I get a spare £200 that would usually buy me a 10oz bar etc. I find I'm looking at putting that money into the cryptos instead.

[Pete]

My experience of the trading section on the Forum is that there are some sellers who price their coins at very attractive prices and sell in minutes of listing, some offer decent prices that are cheaper than GS.be and STG etc., but there are some that are asking too much. Perhaps slightly cheaper than eBay but forum members tend to be smarter than the average eBayer and know where they can compare prices from all the usual sources and decide if the listed coin(s) is/are value or not.

I have purchased close to £10k's worth of  coins on this forum, 90% silver so quite a range of coins from multiple sellers.
I have also lost great coins at fantastic prices because I was beaten to the sale by others logged-in at the time of a new listing.
Every transaction has been fast and efficient and every seller has been trustworthy and a pleasure to deal with so I kind of see things differently.

[Roy]

Sometimes I'll buy a coin because I want that coin.

Sometimes I'll buy a coin because of who the seller is 

[HawkHybrid]

the forum is a small market. many want to build up

collections/stash quickly but are limited by what

people can afford at the time of listing. long term

accumulation generates no short term profit. as is

people prioritises the cheapest/most desirable items

first. being selective is good.

 

I vote sovereigns  

 

HH

[Augustus1]

well I am from Yorkshire so not Sure I should comment ,  think when I go shopping there is little on the sales forum/uk/ Europe I wish to buy as I don't want silver at the moment so the rules a lot of sales out (as I highlighted  seems to be a lot of silver for sale lately) I must admit I do check prices offed here in the market place , e bay , dealers , etc sometimes I do find the same coins for sale here with little difference in price than the same coin on e bay for instance.

The biggest influence I have at the moment is finances,  and I cant afford £1000 coins at the moment so its fractional / semi/ Numismatic coins sovs at best at the moment even though I have to pay a premium . have to say been a pleasure doing dealing with members here when I have bought in the sales section.

dean.m

[Kman]

For 2017 releases I think it's just a case of if you wanted one you would have bought it at the time for the issue price

 

 

[Bullionbilly]

As someone who only buys bullion as cheap as possible now i usually price check against gs.be, if its cheaper or roughly the same i'll buy.

Some good deals come up on here from time to time, i think we're all looking for a bargain hence why the dearer stuff hangs around.

Ive bought and sold a fair few items on here now and each and every transaction was flawless, only hickup was on the royal mails part who lost a package, however the member i was dealing with was quick to refund. 

[Paul]

Nice to read other folks opinions on things  

[kimchi]

1 hour ago, Kman said:

For 2017 releases I think it's just a case of if you wanted one you would have bought it at the time for the issue price

 

 

This is spot on for me - if I can't buy stuff at issue price (or with a reasonable premium) I just am not interested (but then I am not a collector).

[whitesands1]

For ebay sales, I don't think we'd ever see the full picture as problem coins would be subject to refunds/ disputes, etc.

I like buying on the Forum as the condition is always very clear and sellers' names mean a lot to them.

[shawy2510]

I check the prices against dealer prices & go from there. We are all looking for a bargain.

 

If the Rwanda Rooster came up for a decent price & not something stupid then there would be takers. I myself am after 1 but not for €5000 or even €4000 for the matter considering they bought it for €2695 the day before.

 

Jesters is a reasonable deal but if others are like me they do not want to risk shipping to the UK in case it gets lost.

 

 

[Pampfan]

Being in the USA - I have sold some very nice coins to great members in the U.K. - sometimes something sells - and sometimes it doesn't. But for me to ship to the U.K. Is concerning since anything is possible until that package arrives safely.

I have also sold so much stuff on the bay that I find myself tired of paying the 14% all in on bay fees and then shipping sometimes. I would rather post something on the forum and see if someone wants it. If they do and I complete  a good transaction - I will have also made a closer relationship to a fellow forum member who may be on the lookout for me with rare pamp bars, etc. that I cannot get in the USA.

i think that we are all in favor of supporting our fellow members - but sometimes there is stuff listed that no one is either looking for or interested in at the asking price.

 

 

[fehk2001]

For strike of the day if that's 650-700 pounds why not buy a proper proof ? 

If I have got 2017 proof why not grade them with numistacker or your own only cost 18 pounds or there about per coin and u know u will get 69 or 70 easily 

That's my though 

[daz]

Im up to date on the few series I collect , can't afford to back date the others at the moment.

Not a stacker so not really interested in generic bullion or Westminster type coins

Can't afford gold however well it's priced  and Not interested in graded coins.

That sums it up for me

[Jester]

6 hours ago, Paul said:

It has not been discussed directly, it has been hinted and quoted now many times in multiple threads on here now, but most folk on here are as "tight as a fishes booty"

Whilst not all of us here are not Scottish or from Yorkshire  

It is clear when you monitor the progress of the sales threads or should i say the none sales threads, what REALITY actually is in precious metals land

We seem to, as a collective talk up big releases we feel and how they will be good buys for the future, yet when they come up for resale nobody seems to want them at their inflated price

• Strikes of the day re-sales here not selling
• 2017 MS70  proofs, priced competitively compared to eBay, which we all seem to think will be worth lots and hold value in years to come, yet they are thread bumped multiple times with no sales
• Jesters 2005 sovereign, deep proof,  pop 1. which seems priced reasonably in my opinion yet not selling to anyone of our 2000+ member who all share a similar interest
• Super rare Rwanda limited issue 100 mintage coming for sale at high price with no takers
• Semi numismatic lunar series coins, we all say will be good potential investments for future,  frequently showing up for sale yet going unsold
• Common core bullion coins maples and eagles priced to sell at lower than dealer prices and no VAT - and still not selling

 

Thanks for the shout out Paul and a really interesting post.  TBH, I was a bit surprised myself when I dropped the price to $400 (and I'm willing to go in halves on shipping anywhere in the world) and it didn't even get one inquiry especially as much as the folks that frequent this Forum love Sovs (including a lot of the new members who are interested in buying their first Sov).  Not complaining, just my thoughts.  Certainly not going lower than $400...it'd be silly to sell at such a price point, I'd rather just hold on to it.

I've had some great experiences buying (shout out to you @metalslug for the slabbed uber sexy 2014 1 oz Silver Brit Proof) and selling on the Forum and as @Pampfan said, I'd much rather sell here and give everyone the best price I can than give eBay and PayPal 14% of the sales price.  Great discussion everyone and great topic Paul...well done!

[airmac]

I'm new but I definitely got to agree with you @Jester I also prefer buisness here. As I been learning a lot while trying to build my small stack and all have been great to me. I also understand that people want to have a profit on an item. So it comes down to do you want it or not. 

[KDave]

I am completely skint of discretionary spend at the moment, the dry powder I do have is reserved for the next queens beast and the lunar releases later in the year. That is the main reason I am not buying. Why are others not buying?

The issue I see with trying to sell new or newish releases here is that forum members will generally know, or at least can hazard a guess at roughly how much the forum seller paid for the item. Perhaps this makes buying difficult, personally if I paid a few hundred £ more than issue for a coin that had been around 3 months I would feel done. Perhaps others feel the same way. The majority of buyers on mania bay perhaps don't feel done by such prices and neither do people who buy from price gouging dealers with 20 coins in stock but only 1 listed at a time, priced to demand. A good price is somewhere between issue price and those other markets going prices, probably more towards issue price. If its for the collection and one missed the release then you pay the going rate, but the majority here are not missing the releases, they are stock piling them, buying 2 or 3 and fair play. Thanks to this forum and the heads up we get from members about releases, I am up to date on the releases I want.

Regarding bullion sales perhaps its the higher spot prices putting people off? 

[Silverhunter]

You should really discount the items where a member joins and 27 minutes later lists a 4K coin ????

but every now and again these people might catch a ? When they are fishing

[tbone]

12 hours ago, Paul said:

We seem to, as a collective talk up big releases we feel and how they will be good buys for the future, yet when they come up for resale nobody seems to want them at their inflated price

Of course, I think this is exactly it.  If I can get in early on a good coin (one I want for a collection or a flip), I will.  But I won't pay already inflated price from another flipper just to fill a spot in a collection (well, rarely anyway)  Does that make me cheap?  Maybe, but there will be another good release right around the corner that I can get in on early.

Another issue is that I'm in the US, and don't want to deal with international shipping (for non-US forum members), unless its a great deal  on something I really want.

[sovereignsteve]

12 hours ago, Paul said:

It has not been discussed directly, it has been hinted and quoted now many times in multiple threads on here now, but most folk on here are as "tight as a fishes booty"

A very good question. I've been wondering recently that with the apparent large increase in forum members this year, just what proportion of the hobby's "canny" (you can call it tight if you want) collectors/stackers have a presence on here? I'm mainly referring to the UK here.

I know that a lot of new members would be classed as beginners and many do admit to it, but does this forum actually produce canny stackers or do all the tight buggers eventually find their way here?

As many have said before, you can't sell anything on here unless it's either cheap or at least competitively priced with the cheapest out there.
It is possible to sell stuff on ebay at better prices than on here but even then, most things are still difficult to shift unless cheap. So are things really any different?

Is it just the case that all the hobby's thinkers who are willing to put in the work to find out about new coins and better sources eventually find this forum?

Another question would be what is the proportion of forum visits that are made by forum members as opposed to casual visitors or lurkers?

[sovereignsteve]

12 hours ago, Paul said:

Jesters 2005 sovereign, deep proof,  pop 1. which seems priced reasonably in my opinion yet not selling to anyone of our 2000+ member who all share a similar interest

As an aside regarding this coin. The problem is the fact that it's generally only the US market that would be interested in this type of thing. At the end of the day it's just a standard bullion sovereign, albeit a popular year. It is true that NGC in their infinite wisdom have decided to give it the DMP designation but there will be hundreds of coins exactly the same that just haven't been graded. The pop of 1 tells the story; either nobody's grading these coins or someone at NGC made a mistake in this case.

I know a lot of collectors in the States like to have MS70's and I'm sure someone over there would buy this coin on ebay.com but like the OP has said; everyone on this forum is a tight-arse and £310 for a 2005 bullion sovereign isn't going to work.

 

ps I say all this without intending any disrespect for our American collector friends

 

[Jay2]

I don't know if I will ever import silver or gold from USA, even if importing it made it cheaper than GS.be, including postage. The risk of loss, damage and customs hijacking is too great. So I consider all those listings a mere curiosity. Sometimes they make me a little envious.

[Pampfan]

I think we may be at a cross roads in collecting - at least I am. I'm burned out with the same stuff every year like @shortstack68stated earlier.  It gets boring very quickly.

 In a sense we are all tight wads when it comes to spending money - if it was something we really wanted or needed I am sure that most members would anti-up to buy an item.  To me if a 8 gram pamp bar came up for sale on the forum - I would buy it - probably at a price that no other member would pay for it. ( hopefully no other member would try to "hold it for ransom").

@sovereignsteveI take no offense to your comments above.?